Job Description Wholesale Credit coordinates and oversees risk and risk management activities in Wholesale Banking, serving as a critical element of the group's first-line of defense. Together with our LOB partners, we own and are accountable for understanding credit, model, and reputational risks associated with Wholesale Banking's activities and for ensuring that risk and reward are appropriately balanced in management decisions.
Wholesale Credit Risk leads the setting of credit, model, and reputational risk tolerance for Wholesale Banking in alignment with corporate statements of risk appetite and the monitoring of current and emerging risks against those limits. We ensure that practices established by Wholesale businesses are consistent with applicable frameworks, policies, and standards, and we escalate instances of excessive risk and misalignment to appropriate levels. We monitor and sometimes lead remediation actions designed to reduce risk or correct instances of misalignment.
In 4Q17, Wells Fargo is centralizing credit approval and governance functions within Corporate Credit & Market Risk. As a result, Wholesale Credit team members, senior credit officers and their team members will become part of a new team called Commercial Credit. Commercial Credit will have oversight for all Wholesale credit decisions and portfolios, as well as the commercial portion of the Dealer Services portfolio.
This position will be aligned to the Technology, Media and Telecom (TMT) vertical in the Corporate Banking Group (CBG) within Wholesale Banking. CBG is a diverse set of primarily industry-focused businesses that provide integrated financial solutions to corporate, investment grade, non-investment grade, public, and private customers. TMT is dedicated to serving customers in information technology, business services, venture fund services, internet, hardware, software, traditional media, publishing, diversified media, wireless, and cable.
Will be a key member of the team providing oversight and management of credit risk for CBG's TMT group, working to support the objectives and goals of the TMT group while maintaining prudent credit underwriting standards and sound overall portfolio quality.
Maintain appropriate credit quality and portfolio health by providing informed and thoughtful credit risk guidance, recommendations and approvals, engaging in regular portfolio evaluation and deteriorating/problem credit review, and by escalating matters when appropriate.
Develop and maintain a solid understanding of bank credit policy, regulatory standards and guidance, and risk rating applicability; provide leadership and guidance on these matters to CBG teams and partners.
Develop and maintain appropriate industry and sector knowledge.
Engage product and subject matter experts and other institutional resources as needed to make informed decisions and recommendations.
Review pipeline activity regularly with CBG teams and assist in the management of deadline awareness and coverage team and client expectations.
Be willing to join in a reasonable level of direct client and prospect engagement.
Provide thoughtful leadership and guidance to teams around necessary diligence and analytical focus, particularly in M&A situations and on complex deals.
Exemplify Wells Fargo's strong credit culture and strengthen team member engagement.
***Open to any U.S. City with a Corporate Banking Group Office
Team members 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 and if 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. Required Qualifications
12+ years of lending experience
Other Desired Qualifications
Experience with corporate clients.
Experience with Technology, Media and Telecom (TMT) clients.
An understanding of Wells Fargo's credit culture and approach to risk management.
Strong organizational, interpersonal, written and verbal communication skills.
Experience with complex organizational and capital structures.
Capital markets familiarity.
Experience with both investment grade and non-investment grade deals.
Ability to travel up to 10% of the time
All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.
Relevant military experience is considered for veterans and transitioning service men and women.
Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.