Senior Lead Credit Risk & Approval Officer

Wells Fargo•New York, NY

2d•$215,000 - $355,000•Hybrid

About The Position

Wells Fargo is hiring a Senior Lead Credit Risk & Approval Officer for its Commercial Real Estate Risk team covering Multifamily Capital. The officer provides independent, holistic credit leadership and oversight, including business loss forecasting and reporting for quarterly business reviews and relationship concentration. The role monitors loan underwriting and portfolio management performance, analyzes new business prospects, supports business-line strategic initiatives, and may present the business’s credit risk position to senior management. The role provides credit oversight for a business unit financing multifamily, senior housing, affordable housing, manufactured housing, student housing, and co-op properties through balance-sheet, FNMA, FHLMC (Freddie Mac), and FHA agency products. It balances commercial judgment with disciplined risk management to protect portfolio quality while supporting growth. Coverage includes screening, underwriting, portfolio management, CRE reporting, policy, relationships with delegated-authority partners, staff management, credit process administration, and ad hoc projects. The position reports directly to the Credit Risk & Approval Director. The position offers a hybrid work schedule and requires willingness to work onsite at the stated location in New York, NY. It is not eligible for visa sponsorship and is subject to FINRA background screening and ongoing regulatory requirements. Certain policies may apply to outside activities and personal investing.

Requirements

7+ years of Credit Risk & Approval experience, or equivalent demonstrated through work experience, training, military experience, education, or a combination.
Willingness to work onsite at the stated location.
Successful completion and clearing of a FINRA background check, and compliance with ongoing regulatory requirements.
Ability to provide required information to Wells Fargo’s Personal Account Dealing Team and abide by applicable policies if hired, where relevant.

Nice To Haves

Extensive commercial real estate lending experience.
Knowledge of GSE multifamily lending products, including FNMA, FMAC, and FHA.
Knowledge of affordable housing and associated tax credits, including Low Income Housing Tax Credit Investments.
Prior real estate loan workout experience.
Knowledge of the commercial real estate capital markets industry and related products and services.
Deep understanding of Wells Fargo’s Commercial Real Estate lending philosophy and credit culture.
Ability to be a thought leader in a large matrix organization.
Consistent success making sound business and credit decisions and aligning team members with business strategies and risk appetite.
Demonstrated success making deals and building relationships.
Success developing, growing, and grooming future Wells Fargo business leaders.
Ability to work independently and across various lines of business in challenging work environments and time frames.
Knowledge of or experience in local markets or business units.

Responsibilities

Monitor and review loans, underwriting, and portfolio management performance for Credit Risk & Approval.
Evaluate structuring, pricing, and documentation for complex, large-scale, and longer-term transactions.
Maintain credit quality and portfolio health through timely, well-reasoned credit decisions, recommendations, and approvals.
Identify opportunities to approve loans and partner on structuring, pricing, and documentation for larger transactions.
Bring appropriate internal and external team members into the deal approval process as needed.
Identify and manage portfolio trends, risks, and concentrations.
Ensure timely, accurate portfolio monitoring and reporting, risk-rating and grading changes and certifications, problem loan management, and non-accrual and loss identification and forecasting.
Support business units in preparing for and achieving satisfactory audit and regulatory or internal examination outcomes.
Lead complex, cross-functional initiatives with broad organizational impact.
Reinforce Wells Fargo's credit culture and strengthen team member engagement across the business platform.
Train and develop team members and build a diverse leadership pipeline.
Manage staff and administer screening, underwriting, portfolio management, and CRE reporting processes for the business unit.
Provide a commercial perspective that balances market realities with risk management.
Participate in customer relationships by attending customer meetings.
Build market expertise by engaging with the local real estate community and relevant industry organizations.
Collaborate with peers, colleagues, managers, and internal and external stakeholders to resolve issues and achieve shared goals.
Independently analyze complex, multifaceted business, operational, and technical challenges.
Exercise independent judgment on structuring, pricing, and risk decisions while developing functional knowledge of policies, procedures, and compliance requirements.
Operate with day-to-day autonomy while receiving leadership direction on strategic priorities.
Fulfill applicable risk and compliance obligations, follow Wells Fargo policies and procedures, escalate and remediate issues, and make risk decisions consistent with the business unit’s risk appetite.