Wells Fargo Looking for Lead Credit Risk Officer – Consumer Credit at Minneapolis, Minnesota Full Time

Wells Fargo is seeking a Lead Credit Risk Officer who will be part of a transformation team that collaborates to build and maintain Wells Fargo’s risk management program and provide oversight, including challenges to and independent assessment of, the frontline’s execution of its risk management responsibilities.

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. As the company’s second line of defense, Corporate Risk – or Independent Risk Management (IRM) – we provide independent oversight of the risk-taking activities that are an inherent part of banking.

Our transformation team is part of a larger team that is making sure that the data and tools within our credit processes are focused on helping consumers stay financially educated to help them make informed credit choices. Our team independently oversees the management of credit risk exposures (including monitoring and reporting on aggregate credit exposures across groups, legal entities, geographies, and jurisdictions) and the quality of credit risk management practices across the company across the entire lifespan of a loan, form application, to pay off, to default. Corporate Risk roles depend on a variety of skills, including data analysis and synthesis, root cause analysis, change management, process management & execution, risk governance, risk strategy, risk identification & assessment, risk prevention, controls & mitigation, risk monitoring, reporting & escalation, risk systems & technology.

Credit Risk leaders like you develop, maintain, and ensure adherence to companywide credit risk frameworks, policies, and procedures that are aligned with the Board-approved risk appetite. We work with other credit teams and business leaders in the front line so the right leader will be a person who is a proven partner.

In this role, you will:

• Be responsible for the coordination and preparation of analysis across the Unsecured Lending CRO team to be included in business reviews, committee updates and executive responses.
• Will support strategic work through data-driven storytelling of the initiatives that occur across acquisitions, account management, credit loss forecasting, and default management. This include includes gathering, coordinating or creating corresponding analytics and writing senior level presentations that influence senior leaders and stakeholders.
• You will use communication skills, a high degree of initiative, and strong people skills. Along with that, the right person will use project/process management skills as well as critical analytical thinking skills.
• The right leader will be able to leverage data and information quickly to identify answers to evolving risk questions. That person will need to maintain a robust schedule of deliverables and manage the processes to meet the required timelines and quality expectations.
• Conduct reviews with the Head of Unsecured Transformation Risk and the Consumer Unsecured Lending Chief Risk Officer.
• The right leader will have a part in mentoring junior analyst.

Required Qualifications, US:

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

Desired Qualifications:

• Ability to create and deliver dynamic presentations to all levels of the organization
• Excellent verbal, written and presentation skills; must be able to effectively communicate and broker agreements amongst diverse, differing, competing, and/or conflicting perspectives/priorities
• Strong word, PowerPoint and EXCEL skills
• Knowledge of unsecured lending
• Strong analytical and critical thinking skills combined with strategic business focus
• Proven collaboration/facilitation ability; team player and collaborator with demonstrated success in leading, influencing, motivating and building strong business relationships
• Proven experience in consumer lending strategies and management of partnerships with external entities, experience with fintech partnership is a plus
• Proven experience in program/project management
• SQL, SAS or other programming experience preferred
• M.B.A. or Master’s degree preferred

Job Expectations:

Ability to work at one of the approved locations in the job posting

• Charlotte, NC
• Minneapolis, MN
• West Des Moines, IA
• Dallas, TX
• Tempe, AZ
• Wilmington, DE

Preferred location(s) listed. Other locations within the Wells Fargo footprint may be considered for current Wells Fargo Corporate Risk employees.

This position offers a hybrid work schedule.

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, age, 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.