Lead Specialist Examiner, LIS Credit Risk

Federal Reserve Bank of Philadelphia•San Francisco, CA

5d•Onsite

About The Position

The Federal Reserve Bank of San Francisco is seeking a Lead Specialist Examiner, LIS Credit Risk to join the Wells Fargo & Co. (WFC) Dedicated Supervisory Team (DST) on the Capital team. This role is part of the GSIB supervisory program, which focuses on firm-specific, safety-and-soundness perspectives combined with a broader industry view to mitigate threats to financial stability. The Capital Program assesses wholesale credit risk, retail credit risk, and counterparty credit risk through various supervisory activities. The Lead Specialist Examiner will lead ongoing monitoring and examinations to evaluate the effectiveness of credit risk management practices at WFC, including the remediation of identified weaknesses. This role requires assessing and monitoring credit risk holistically across wholesale, retail, and counterparty credit, as well as evaluating increases in risk appetite and portfolio growth. The position holder will act as a subject matter expert in credit risk, identifying material financial risks and assessing inherent risks and associated risk management programs through on-site examinations and continuous monitoring. Collaboration with DST and system colleagues is essential to support GSIB supervisory priorities.

Requirements

Bachelor’s degree in business, finance, or related fields of study, or equivalent work experience is required; advanced degree is preferred but not required.
Knowledge of and experience evaluating credit risks facing complex financial institutions and prudent practices for managing those risks, using applicable regulatory guidance.
Typically requires ten or more years of experience in credit risk management, preferably in the context of large banking supervision, or comparable experience in banking, financial services, or related industries (e.g., consulting).
Working knowledge of large banking business lines/products, organizational structures, operations, and relevant laws and regulations, as well as experience with the Federal Reserve’s Consolidated Supervision Framework for Large Financial Institutions and LFI rating (e.g., SR 12-17 & SR 19-3) is preferred.
An active examiner commission from a federal or state banking supervisory agency is required.
Proven ability to influence at all levels of an organization, with strong analytical, problem solving, collaboration, communication (both written and verbal), and project management skills.
Willing and able to travel up to 20%.
This position requires access to confidential supervisory information, which is limited to “Protected Individuals.” Protected Individuals include, but are not limited to, U.S. citizens and U.S. nationals, U.S. permanent residents who are not yet eligible to apply for naturalization, and U.S. permanent residents who have applied for naturalization within six months of being eligible to do so or who will sign a declaration of intent to apply for naturalization before they begin employment.
All final offers are subject to the clearance of an enhanced background check. This enhanced screening will require the following items: academic and employment verifications, FBI fingerprint check (criminal and civil cases), credit check, family history, residential records and foreign travel for the previous 7 years, citizenship verification, reference checks, and personal interview with an investigator and can take between 21 – 60 days to clear.

Nice To Haves

advanced degree is preferred but not required
experience with the Federal Reserve’s Consolidated Supervision Framework for Large Financial Institutions and LFI rating (e.g., SR 12-17 & SR 19-3) is preferred

Responsibilities

Lead or participate in supervisory activities to evaluate the quality and effectiveness of WFC's credit risk management practices related to wholesale credit, retail credit, counterparty credit and attendant credit models in relation to the inherent risks of WFC and supervisory expectations.
Evaluate the effectiveness of WFC’s credit risk framework across WFC’s three lines of defense.
Lead or participate in the development and execution of a supervisory strategy across a range of credit-related activities at the firm.
Review management and risk reporting; conduct recurring analysis to guide supervisory assessments across the DST as well as the formulation of supervisory priorities.
Plan and lead recurring meetings with firm senior management to understand key developments and identify emerging risks.
Formulate comprehensive assessments covering credit risks; present complex, well supported supervisory findings and messages clearly and concisely to Federal Reserve and WFC senior management.
Serve as a subject matter expert in credit and attendant financial and model risk and maintain a current understanding of industry trends, regulatory changes, and industry practices related to credit risk areas of expertise.
Build and lead relationships with external collaborators, including Federal Reserve colleagues, staff at other supervisory agencies, and firm senior management.
Coordinate efforts with other regulators (e.g. OCC, FDIC, SEC) and drive these relationships and ensure sufficient coverage of credit risk holistically across the firm.
As available, lead or participate at a System level through committees and/or initiatives in areas aligned with subject matter expertise and/or team objectives.
Leverage broad and deep subject matter and supervisory expertise and supervisory experience, by contributing to local and System efforts related to information sharing, training, and thought leadership.
As needed, serve in a leadership role on the team, participating in mentoring and coaching, including reviewing the work products of more junior staff.