About this role:Wells Fargo is seeking a Principal Examiner - Senior Risk Asset Review Specialist in Credit Risk as part of Corporate Risk. Learn more about the career areas and lines of business at wellsfargojobs.com . Credit Risk, which 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. This oversight extends to all phases of a loan's life cycle, including origination, underwriting, risk analysis, approval, documentation, monitoring, loss recognition, modification, and collection activities. Credit Risk develops, maintains, and ensures adherence to companywide credit risk frameworks, policies, and procedures that are aligned with Board-approved risk appetite.Risk Asset Review ("RAR") is the company's internal loan review function and is foundational to the credit risk management function at Wells Fargo. RAR independently evaluates the quality of lending practices in the businesses and shares its findings with the Chief Credit Officer and line of business management. RAR reports all significant credit issues to members of the Allowance Approach and Allowance Approval Committees, Executive Management, and the Credit Committee of the Board of Directors.In this role, you will:
Lead or participate in moderately complex initiatives and deliverables within Risk Asset Review Examination.
Contribute, initiate, and recommend changes to the group's exam policies and standards.
Assess the lending practices of the company's commercial loans and securities investments.
At times, serve as examiner-in-charge and direct a team of examiners that examines the company's commercial lending businesses.
Ability to perform duties as an examiner-in-charge for complex lines of business, including large corporate, asset-based lending, and capital markets.
Interact with line of business senior management of complex lines of business. Ability to communicate and influence RAR's examination findings to line of business senior management.
Advise RAR management on ways to improve the examination process.
Serve as a resource on RAR's examinations of Wells Fargo's commercial lending businesses.
Evaluate credit administration practices, focuses on significant issues, and demonstrates sound credit judgment.
Receive direction from leaders and 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.
Required Qualifications:
4+ years of Risk Asset Review experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education.
Desired Qualifications:
4+ years recent experience working for a large U.S. bank or large regional U.S. bank in the role as an underwriter, portfolio manager, and/or relationship manager.
Exposure to large complex credits, including syndicated deals, leveraged loans, securities transactions, and asset-based lending facilities.
Good understanding of commercial real estate across various sectors.
Strong commercial credit analysis skills with high attention to detail and accuracy. Ability to perform quantitative and qualitative analysis, and to document conclusions in an articulate and succinct manner.
Ability to review and interpret complex financial statements, commercial loan structures, and loan documentation.
Knowledge and proficiency in risk rating commercial credits.
Good communication skills with the ability to communicate issues, risks, and proposed solutions effectively and succinctly, in both written and verbal formats, with senior leaders.
Excellent verbal, written, and interpersonal communication skills.
A BS/BA degree or higher in accounting, finance, or economics.
Ability to work and influence successfully within a matrix environment and build effective business partnerships with all levels of team members.
Ability to execute in a fast paced, high demand, environment while balancing multiple priorities.
Ability to provide credible challenge and candor to peers.
Locations:
401 S. Tryon Street - Charlotte, North Carolina
250 E. John Carpenter Frwy - Irving, Texas
1150 W. Washington Street - Tempe, Arizona
600 S. 4th Street - Minneapolis, Minnesota
800 S. Jordan Creek Parkway - West Des Moines, Iowa
Job Expectations:
Ability to work at one of the approved locations in the job posting.
This position offers a hybrid schedule.
Posting End Date:30 May 2024Job posting may come down early due to volume of applicants.We Value DiversityAt 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, status as a protected veteran, or any other legally protected characteristic.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.Applicants with DisabilitiesTo request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo .Drug and Alcohol PolicyWells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.Company: WELLS FARGO BANKReq Number: R-369057-2Updated: Thu May 16 00:00:00 UTC 2024Location: IRVING,Texas