Lead Credit Risk Officer

Wells Fargo Bank•Charlotte, NC

1d•Hybrid

About The Position

Wells Fargo is seeking a Lead Credit Risk Officer in the Credit Risk department within Corporate Risk. The role provides senior credit officers, CROs, the CFO, and other business partners with in-depth credit analysis supporting credit risk management and appetite, strategic initiatives and planning, and capital optimization. The officer produces ad-hoc and standardized periodic credit-risk and portfolio-management deliverables for the Wholesale Credit portfolio, and supports Risk Measurement Program management, emerging-risk identification and impact quantification, and portfolio performance forecasting. The role advises senior leadership on strategies, programs, and policies affecting credit risk appetite; leads complex, cross-functional initiatives; and provides advanced analytical solutions and guidance. It monitors portfolio, financial, market, and economic data; develops tools to analyze credit risks; reports on asset quality and portfolio trends; identifies emerging risks and correlated risk pools; and develops risk-mitigating strategies with CRO organizations. The role also supports stress testing, BLF, CECL, CCAR, credit migration and concentration management, challenges line-of-business credit products and policies, and interacts with Audit, Legal, external agencies, and regulatory bodies on risk-related topics. The position is based at 401 S. Tryon Street in Charlotte, North Carolina, and offers a hybrid schedule. The role is not eligible for visa sponsorship.

Requirements

At least 5 years of Credit Risk experience, or equivalent demonstrated through work experience, training, military experience, or education.
Ability to assess lending quality and ongoing credit-risk management, including adherence to risk appetite, credit policy, and regulations.
Strong commercial credit analysis skills.
Ability to present complex material clearly to all levels of management.
Advanced Microsoft Excel skills.
Outstanding problem-solving and analytical skills, with the ability to turn findings into strategic imperatives.
Strong knowledge of debt markets, debt instruments, and commercial loan products.
Ability to work at one of the approved locations in the job posting.

Nice To Haves

Five years of related experience, preferably including credit risk, markets, credit research, or portfolio management.
Experience with corporate credit relative value and market-based pricing.
Bachelor’s degree or higher in finance, accounting, business, or a quantitative discipline.

Responsibilities

Advise senior leadership in developing and implementing strategies, programs, and policies with significant impact on credit risk appetite.
Lead complex initiatives, including cross-functional initiatives, and contribute to the company’s credit culture and business performance for Credit Risk.
Review and analyze complex strategies, programs, and policies affecting credit risk appetite and culture.
Deliver long-term, large-scale solutions requiring advanced analytical and inductive thinking, creativity, innovation, and coordination of complex activities.
Produce ad-hoc and standardized periodic credit-risk analysis and portfolio-management deliverables for the Wholesale Credit portfolio.
Monitor portfolio, financial, market, and economic data and assess impacts on credit fundamentals.
Develop and deploy analytical tools to identify, monitor, and analyze single-name, sector, concentration, and portfolio risks.
Monitor, assess, and report on asset quality, portfolio trends, and credit-policy exception trends.
Identify emerging credit risks and correlated risk pools that could affect earnings and capital.
Develop risk-mitigating strategies in partnership with CRO organizations.
Develop and implement Business As Usual stress-testing procedures to inform risk identification and risk appetite.
Provide credible challenge of line-of-business credit products, programs, and policies.
Support BLF, CECL, and CCAR processes, credit migration management, and concentration management with credit research.
Provide stakeholders with subject-matter expertise and reliable, transparent analysis and reporting.
Interact with Audit, Legal, external agencies, and regulatory bodies on risk-related topics.
Follow applicable risk and compliance programs, policies, and procedures; fulfill risk and compliance obligations; and escalate and remediate issues in a timely and effective manner.