Senior Lead Credit Risk & Approval Officer - Municipal Bonds

About This Role

Wells Fargo is seeking a Senior Lead Credit Risk & Approval Officer within the Investment Portfolio Risk Oversight (IPRO) team. This position is part of Wells Fargo's second line of defense and is within Finance Risk Management, reporting to the Group Senior Credit Officer. The position covers credit risk oversight of municipal and sovereign bonds in the Investment Portfolio (IP). Responsibilities include reviewing creditworthiness, maintaining high credit standards, managing the credit approval process, monitoring individual exposures, and providing ongoing portfolio level updates. These responsibilities ensure adherence to various internal policies and procedures.

The team is seeking a dynamic, collaborative, and highly self-motivated individual with experience in credit risk, various credit products, strong analytical skills, and solid problem-solving capabilities. An individual possessing strong interpersonal, verbal, and written communication skills will excel in this role as they will interact with a vast number of peers, colleagues, executives, senior leadership, and stake holders spanning across Credit Risk, Business Units, Finance, Treasury, Operations and Audit groups.

In This Role, You Will

• Act as key participant in monitoring and reviewing credit exposures in IP.
• Provide in-depth evaluation of municipal and sovereign lending including underwriting, credit product limits, transaction structures, and risk ratings.
• Coordinate the credit approval process and provide concise documented rationales for credit recommendations to senior leaders, as needed.
• Review and interpret credit policies and procedures and incorporate requirements into credit oversight responsibilities.
• Ensure maintenance of credit standards and adherence to policy and procedure requirements.
• Lead and participate in complex initiatives including those that are cross-functional and will have broad impact.
• Receive direction from senior credit officers and exercise independent judgment accordingly.
• Collaborate and consult with peers, colleagues, and managers to resolve issues and achieve goals.
  
  

Required Qualifications:

• 7 years of Credit Risk & Approval experience or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
  
  

Desired Qualifications:

• 7 years of credit experience in either front line or independent risk management (IRM). Experience with analyzing municipal and sovereign debt preferred.
• Possess strong analytical skills with high attention to detail and accuracy, as well as the ability to understand financial implications, synthesize information to identify key risks, identify solutions, and develop clear options and recommendations.
• Knowledge of credit products including fixed income securities, derivatives, loans, and other funding products.
• Demonstrate excellent verbal, written, and interpersonal communication skills; experience presenting to senior management.
• Experience in an environment that requires attention to detail, critical thinking, and problem-solving skills.
• Demonstrated capabilities in leadership, collaboration, and proactive management skills.
• Familiarity with applicable credit and enterprise policies and procedures, as well as related regulatory guidance are preferred.
• Ability to work independently and build relationships across teams.
  
  

Posting Locations:

• 401 S. Tryon Street - Charlotte, North Carolina
• 600 Wells Fargo - Minneapolis, Minnesota
  
  

Job Expectations:

• Ability to work at one of the approved location(s) in the job posting.
• This position currently offers a hybrid work schedule.
• Specific compliance policies may apply regarding outside activities and/or personal investing; affected employees will be expected to provide information to the Wells Fargo Personal Account Dealing Team and abide by applicable policy requirements if hired. Information will be shared about expectations during the recruitment process.
  
  

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.

$173,300.00 - $359,900.00

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:

6 Mar 2025

• 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

• Third-Party recordings are prohibited unless authorized by Wells Fargo.
• Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.
  
  

Reference Number

R-439472-2