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Lending Officer 3 - Desk Risk Officer

Job Description

Corporate Credit is responsible for independently overseeing the management of credit risk exposure (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, boarding, monitoring, loss recognition, modification, and collection activities. Corporate Credit is responsible for delegating and/or removing credit and investment approval authorities to the lines of business. More specifically, Corporate Credit develops, maintains and ensures adherence to enterprise-wide credit risk frameworks, policies, and procedures that are aligned with Board-approved risk appetite.

The Desk Risk Officer Team is a group within Enterprise Counterparty Credit Risk Management (ECRM) that liaises between the various Lines of Business and the Corp Credit Teams (underwriters, oversight, risk architecture and credit administration). The Desk Risk Officers are aligned with their specific Capital Markets Trading Lines of Business (Asset Backed Finance, Credit, Equities, Municipal and Rates/Foreign Exchange). This position will align with the Asset Backed Finance DRO Group. With the upcoming regulation of FINRA 4210 for Covered Agencies, the ABF DRO Team is instrumental in determining if counterparties can be deemed “Exempt” or “Non-Exempt” which will have direct impact on margining (upfront and daily MTM), capital charges and compliance with our regulatory requirements. In addition to this the candidate will be involved in fire drills to remediate relevant documentation issues (MSFTAs).

Candidate must have a very broad capital markets expertise as they will be called upon to respond to live trade requests and to determine if transactions are within scope for FINRA 4210 margining.

Secondary role will be to serve as backup to ABF DRO in day to day risk management of ABF/Mortgage Division.

Additional responsibilities will include, but not be limited to, the following:

  • Working with Collateral, FINRA Team, Legal/Negotiators to resolve issues. These will be time sensitive so individual will need to work well under pressure
  • Strong focus on working with the Front Office teams to understand their underwriting needs and working to help our clients and revenue generating partners meet their financial goals
  • Ensure team adheres to all applicable Counterparty Credit Policies and Procedures and ensure timely exception management resolution
  • 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
  • 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

  • 10+ years of lending experience

Desired Qualifications

  • Strong analytical skills with high attention to detail and accuracy
  • Excellent verbal, written, and interpersonal communication skills
  • A BS/BA degree or higher
  • Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment
  • Intermediate Microsoft Office (Word, Excel, Outlook, and PowerPoint) skills
  • 10+ years of financial industry experience
  • 7+ years of credit risk experience
  • Experience delivering results in a fast-paced, deadline driven environment
  • Ability to facilitate team meetings or present information to an audience
  • Experience developing partnerships and collaborating with other business and functional areas

Other Desired Qualifications
  • Understanding of FINRA 4210 and the upcoming roll out for covered agencies
  • Experience in dealing with traded products including securities trading, derivatives, financing trades and structures
  • Broad background in counterparty credit risk management with a particular focus in Fund Management counterparties. Experience in Buy-side and Sell-side firms a plus.
  • Legal understanding of RIA Counterparty’s is a plus
  • Experience negotiating Master Agreements and other legal documentation (MRAs, MSFTAs, etc.)
  • Knowledge and understanding of financial analysis, forecasting and analyzing interest income and balance sheet behavior
  • Management experience is a plus

    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.