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Wells Fargo Wealth & Investment Management
Wells Fargo Wealth & Investment Management provides clients access to some of the United States' leading providers of financial and investment services. Through WIM's businesses, we deliver a full range of personalized wealth management, investment, planning, and retirement products and services to help meet clients' unique needs and to help them achieve financial goals.
WIM provides financial products and services through the various bank and brokerage affiliates of Wells Fargo & Company. Our clients have access to Wells Fargo Advisors, referrals from securities-registered bankers in the Consumer Bank and the Wells Fargo Private Bank, our elevated experience for high- and ultra-high-net-worth individuals and families. WIM is also a leading provider of trust, investment, and fiduciary services, including personal trust services.
Banking, Lending & Trust COE As part of its vision for a flatter, more nimble organization that is easier to do business with, Wealth and Investment Management (WIM) has created horizontal functions known as centers of excellence to support all client coverage channels. Banking, Lending, & Trust is a center of excellence that brings teams and functions currently found across WIM's consumer businesses under a common, WIM-level organization. The group is focused on transforming from channel-based to client-focused solutions and delivery in an effort to reduce operational risk, improve efficiency, increase consistency/coordination, and bring focus on product management / development to deliver innovative growth and improve the client experience. Additionally, the new group will deliver a WIM-level culture of product management excellence by creating a culture of innovation, product excellence, client service and risk mitigation.
About this role:
Wells Fargo is seeking a self-motivated leader willing to manage and lead a team of talented credit risk professionals. Role manages securities based lending credit risk and is responsible for creating a strategic vision to improve the way we manage credit risk in the first manager to oversee first line credit risk management and identify ways to further improve the way we operate.
In this role, you will:
Manage and develop teams providing analysis, consulting, reporting, and ongoing process support to drive credit culture, appetite, and business performance with input from leadership
Engage and influence stakeholders, internal partners, and peers associated with the Credit Portfolio Consulting functional area or who are affected by its outcomes
Identify and recommend opportunities for process improvement and risk control development through business analysis or modeling
Contribute to the development of appropriate strategies to ensure risk is within risk appetite
Determine appropriate strategies and actions to meet moderate to high risk deliverables
Interpret and develop credit policies and procedures for functions with moderate complexity within scope of responsibility
Collaborate with and influence all levels of professionals, including more experienced managers, and maintain relationships with corporate and business heads
Interact directly with external customers
Manage allocation of people and financial resources for Credit Portfolio Consulting
Develop and guide a culture of talent development to meet business objectives and strategy
*Additional duties to include:
Overseeing day to day credit risk
Streamlining and automating manual processes where possible
Driving strategic changes to our lending value framework
Decisioning exception requests for clients
Making portfolio level override decisions
Managing on-shore and off-shore work
Required Qualifications:
6+ years of Credit Portfolio Consulting experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
3+ years of Management experience
Desired Qualifications:
Expertise in models to assess lending values for various securities and/or asset classes
Understanding of wealth management business and client service
Expertise in identifying higher risk securities due to idiosyncratic risk
Pay Range
Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to achievements, skills, experience, or work location. The range listed is just one component of the compensation package offered to candidates. $144,400.00 - $300,000.00 Benefits
Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit Benefits - Wells Fargo Jobs for an overview of the following benefit plans and programs offered to employees.
Health benefits
401(k) Plan
Paid time off
Disability benefits
Life insurance, critical illness insurance, and accident insurance
Parental leave
Critical caregiving leave
Discounts and savings
Commuter benefits
Tuition reimbursement
Scholarships for dependent children
Adoption reimbursement
Posting End Date: 27 Sep 2024 * Job posting may come down early due to volume of applicants.
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, status as a protected veteran, or any other legally protected characteristic.
Applicants with Disabilities
To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo .
Drug and Alcohol Policy
Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.
Wells Fargo Recruitment and Hiring Requirements:
a. Third-Party recordings are prohibited unless authorized by Wells Fargo.
b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.