Wells Fargo is seeking a Risk Asset Review Analyst...
In this role, you will be part of:
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.
The Senior Examiner demonstrates advanced technical expertise, and has deep and broad credit knowledge. Senior Examiners serve as a resource on RAR’s examinations of Wells Fargo’s commercial lending businesses and advise RAR management on sensitive examination issues. Evaluates credit administration practices, focuses on significant issues, and demonstrates sound credit judgment. Serves as examiner-in-charge, and capably assesses the quality of lending practices. Interaction and communication with line management is tactful and professional.
Duties of the Senior Examiner include but are not limited to the following:
Assess the lending practices of the company’s commercial loans.
At times, serve as examiner-in-charge and direct a team of examiners that examines the company’s commercial lending businesses.
Interact with line of business management and communicate RAR’s examination findings.
Advise RAR management on ways to improve the examination process.
Required Qualifications:
2+ 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:
Strong commercial credit analysis skills with high attention to detail and accuracy
Excellent verbal, written, and interpersonal communication skills
A BS/BA degree or higher in accounting, finance, or economics
Ability to review and interpret complex commercial loan structures and documents
Job Expectations:
Ability to travel up to 25% of the time
Ability to work at one of the approved locations in the job posting once Wells Fargo returns to the Standard Operating Model.
Posting Locations:
Charlotte, NC
West Des Moines, IA
Minneapolis, MN
Tempe, AZ
Dallas, TX
Preferred location(s) listed above. Other locations within the Wells Fargo footprint may be considered for current Wells Fargo employees ONLY.
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.
