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Lead Credit Risk Officer – Merchant Services Risk

wellsfargo Wells Fargo

Wells Fargo is a diversified community-based financial services company with a vision to satisfy customer’s financial needs and help them succeed financially.

About this role:

Wells Fargo is seeking a Lead Credit Risk Officer…

This role resides within the Merchant Services Credit organization, first line of defense and is responsible for executing underwriting efforts thru the credit life cycle for Commercial and Corporate Investment clients. This individual will work in partnership within the Merchant Services program, third party vendors providing underwriting support, and multiple teams across the enterprise following Wells Fargo Risk Management Framework. Specific responsibilities include:

  • Lead for Commercial and Corporate Investment Banking underwriting execution with direct responsibility of new account originations, portfolio management, and work outs for the Merchant Services program. Additionally, responsible for managing the credit approval process within agreed timelines.
  • Work collaboratively with key Wells Fargo Bank partners including Client Management, CB and CIB organization, Independent Risk Management, Credit Resolution (workouts), Financial Crimes, Audit, Legal, Compliance, and other units to drive relationship based decisions.
  • Work in partnership with Vendor Oversight team to manage third party relationships providing underwriting support to the Merchant Services program.
  • Subject Matter Expert supporting the advancement of new processes, strategies and technologies to continue evolving to reach target state by building nimble processes to improve the customer experience.

In this role, you will:

  • Lead complex initiatives including those that are cross-functional with broad impact and act as key participant in driving the company credit culture, desire, and business performance for Credit Risk
  • Review and analyze complex strategies, programs and policies with a direct and significant impact on credit risk appetite and culture
  • Receive direction from leaders
  • Exercise independent judgment while developing the knowledge to understand function, policies, procedures, and compliance requirements
  • Collaborate and consult with peers, colleagues and managers to resolve issues and achieve goals
  • Interact with internal and external customers
  • Collaborate with business for oversight of risk management
  • Interact with Audit, Legal, external agencies, and regulatory bodies on risk related topics

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:

  • 5+ years of Credit Risk experience within Commercial & Corporate Investment Banking.
  • Thorough understanding of Corporate Credit, ability to review complex financial documents and contractual agreements.
  • Strong knowledge of Merchant Services, Treasury Management Services and/or Card Issuing businesses.
  • Ability to successfully manage production Standard level Agreements and consistent deliver quality service standards.
  • Excellent communication (verbal and written) and interpersonal skills, including the ability to clearly communicate complex problems and solutions in a simple, logical and impactful manner, both internally and externally.
  • Proven ability to manage multiple and often competing priorities in a fluid and evolving environment.
  • Ability to work effectively, as well as independently, in a team environment
  • Demonstrated ability to assess current processes/procedures and make recommendations add efficiency to existing processes.

Job Expectations:

  • Willingness to work on-site at stated location on the job opening. In addition to the above locations, other locations within the Wells Fargo footprint may be considered for current Wells Fargo Corporate Risk employees.

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.

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Lead Credit Risk Officer – Merchant Services Risk

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Wells Fargo

Wells Fargo is a diversified community-based financial services company with a vision to satisfy customer’s financial needs and help them succeed financially.

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