The Corporate Credit & Market Risk group is responsible for independently overseeing 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, boarding, monitoring, loss recognition, modification, and collection activities. Corporate Credit & Market Risk is responsible for delegating and/or removing credit and investment approval authorities to the lines of business.
More specifically, Corporate Credit & Market Risk develops, maintains and ensures adherence to enterprise-wide credit risk frameworks, policies, and procedures that are aligned with Board-approved risk appetite.
The Enterprise Counterparty Risk Management (ECRM) organization sits within Corporate Credit & Market Risk of which the Business Initiatives and Projects team provides support for each ECRM function, helping management organize, prioritize, document and track progress on a wide range of day-to-day initiatives and discrete projects ranging from short term tactical tasks to longer term strategic goals.
In order to continue supporting ECRM’s goals and to meet regulatory Heightened Expectations a number of opportunities have been created. Each of these positions will support the ongoing program of initiatives within ECRM Risk Oversight, Risk Analytics (RA) or ECRM Analysis and Capital. Positions will involve managing projects within these areas as well as coordinating key project activities with the various business units that have responsibility for the firm’s market and counterparty risk activities. This will include development of risk measures, monitoring and reporting processes, coordination of activities to create policies and procedures and development or modification of technical infrastructure. Knowledge or experience with market risk, risk analytics and/or counterparty risk management at a large financial institution, a working knowledge of the regulatory environment impacting those areas, and familiarity with derivatives, foreign exchange and other traded products will be a benefit.
Other Desired Qualifications
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.