Consumer Credit Sr Officer - Retail Sr. Officer (Merchant Services Irm)

Wells Fargo Tempe , AZ 85280

Posted 2 months ago

Job Description:

Important Note: During the application process, ensure your contact information (email and phone number) is up to date and upload your current resume when submitting your application for consideration. To participate in some selection activities you will need to respond to an invitation. The invitation can be sent by both email and text message. In order to receive text message invitations, your profile must include a mobile phone number designated as "Personal Cell" or "Cellular" in the contact information of your application.

At Wells Fargo, we are looking for talented people who will put our customers at the center of everything we do. We are seeking candidates who embrace diversity, equity and inclusion in a workplace where everyone feels valued and inspired.

Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.

As the company's second line of defense, Corporate Risk - or Independent Risk Management - provides independent oversight of risk-taking activities. Independent Risk Management establishes and maintains Wells Fargo's risk management program and provides oversight, including challenges to and independent assessment of, the frontline's execution of its risk management responsibilities. We manage risk according to the Risk Management Framework and ensure all employees understand their individual accountability for managing risk.

Corporate Risk roles depend on a variety of skills, including: Data analysis and synthesis, root cause analysis, change management, process management & execution, risk governance, risk strategy, risk identification & assessment, risk prevention, controls & mitigation, risk monitoring, reporting & escalation, risk systems & technology.

The Merchant Services Independent Risk Management team is responsible for leading, developing and implementing strategic initiatives and processes to drive the company risk culture, appetite, and business performance.

  • Leads risk governance and oversight across the Merchant Services small business segment and/or functions.

  • Leads strategic corporate-wide initiatives and processes, and partners with line of business management to drive the company risk culture, appetite, and business performance.

  • Advises and counsels executive leadership. Monitors, assesses and reports on asset quality, portfolio trends and credit policy exception trends. Approves credit transactions and participates in acquisition due diligence.

  • Assesses and predicts risk and performance.

  • Establishes effective policies, processes, and tools to identify and manage risks.

  • Assist in development of appropriate strategies that ensure risk is within Wells Fargo risk appetite.

  • Develops and implements appropriate risk rating methodologies.

  • Approves and provides credible challenge of line of business credit products, programs, and policies.

  • Leads the execution of programs and policies with a measurable impact on the level of risk taken in credit activities.

  • Develops and implements strategies, programs and policies with a direct and significant impact on credit risk appetite and culture.

  • Ensures resolution of matters requiring attention from outside regulators, Audit, or RAR.

  • Leads implementation of complex initiatives with high risk, generally spanning multiple business lines.

  • Internal partnership with the business and other business units, Audit, Legal, regulators, and industry partners on risk related topics.

  • Leads project/virtual teams and mentors but does not manage other team members.

#LI-AK3

Required Qualifications

  • 10+ years of experience in risk role

Desired Qualifications

  • Process design or improvement experience

  • Ability to work in a fast paced deadline driven environment

  • Excellent verbal, written, and interpersonal communication skills

  • Strong organizational, multi-tasking, and prioritizing skills

  • Ability to meet stringent deadlines

Other Desired Qualifications

  • Experience with governance and oversight requirements for regulatory and risk reporting

  • Knowledge and understanding of ever-evolving regulatory environments and governance processes

  • Strong business acumen and knowledge of Merchant Services, Treasury Services and/or Card Issuing experience

  • Experience in Fraud detection and monitoring strategies

  • Experience in portfolio risk management strategies

  • Experience in establishing effective policies, processes, and tools to identify and manage risks

  • Experience in the development of strategies that ensure risk is within Wells Fargo risk appetite

  • Current and/or recent experience in credit transactions and has participated in acquisition due diligence

  • Ability to predict risk and performance

  • Ability to Automate Decision Processes

  • Ability to translate and summarize complex data into understandable, actionable information and recommendations

  • Experience conducting project meetings, presentations and status reporting

  • Ability to collaborate across Business Functions

  • Has focused on the Customer Experience

  • Secondary Degree

Job Expectations

  • Ability to travel up to 5% of the time

Disclaimer

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.

Benefits Summary

Benefits

Visit https://www.wellsfargo.com/about/careers/benefits for benefits information.

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Consumer Credit Sr Officer - Retail Sr. Officer (Merchant Services Irm)

Wells Fargo