Minneapolis, MN

At Wells Fargo, we are looking for talented people who will put our customers at the center of everything we do. We are seeking candidates who embrace diversity, equity and inclusion in a workplace where everyone feels valued and inspired. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.

About this role:

Wells Fargo is seeking a Senior Lead Credit Risk Officer for the Credit Risk department within Corporate Risk. Learn more about the career areas and lines of business at wellsfargojobs.com .

Wells Fargo is seeking a Senior Lead Credit Risk Officer to provide senior credit officers, Chief Risk Officer (CROs), the Chief Credit Officer (CCO) and various other business partners with insights into the Wholesale credit portfolio and a proactive, forward-looking in-depth analysis in support of concentrations and limits management, emerging risk identification and impact quantification, portfolio performance forecasting, loss mitigation, and capital optimization.

In this role, you will:

• Advise senior leadership to develop and implement strategies, programs and policies with a direct and significant impact on credit risk appetite
• Lead the strategy and resolution of highly complex and unique challenges to drive the company credit culture, appetite, and business performance requiring in-depth evaluation across multiple areas or companywide
• Deliver solutions that are long-term, large-scale and require vision, creativity, innovation, advanced analytical and inductive thinking, and coordination of highly complex activities and guidance to others
• Develop and deploy analytical tools to monitor, identify, 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 potentially impact earnings and capital
• Develop and implement Business As Usual (BAU) stress testing procedures that inform risk identification and risk appetite
• Manage overall loss content in the portfolio within acceptable risk tolerance
• Approve and provide credible challenge of line of business credit products, programs, and policies
• Support the Business Loss Forecast (BLF), Current Expected Credit Losses (CECL) and Comprehensive Capital Analysis and Review (CCAR) processes, credit migration management, and concentration management with credit research
• Provide vision, direction and expertise to senior leadership on implementing innovative and significant business solutions
• Provide key stakeholders with subject matter expertise and reliable, transparent analysis and reporting to empower Line of Business decision making
• Collaborate with business for oversight of risk management
• Interact with Audit, Legal, external agencies, and regulatory bodies on risk related topics

Required Qualifications, US:

• 10+ years of Credit Risk experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:

• Strong commercial credit analysis skillset
• Ability to present complex material in a digestible, consumable manner to all levels of management
• Advanced Microsoft Excel skills
• Outstanding problem solving and analytical skills with ability to turn findings into strategic imperatives
• Strong knowledge of debt markets, debt instruments and commercial loan products
• Experience with corporate credit relative value and market-based pricing a plus
• Bachelor degree in finance, accounting, business or quantitative discipline

Job Expectations:

We Value Diversity

At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.

Employees support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit's risk appetite and all risk and compliance program requirements.

Candidates applying to job openings posted in US: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.