Market Risk Senior Manager - Wealth & Investment Management Credit Risk

About this role:

Wells Fargo is seeking a Market Risk Senior Manager...The Head of WIM (Wealth and Investment Management) Credit Loss Forecasting will report to the Head of WIM Credit Risk and will be responsible for leading a team that provides both oversight and ownership for WIM credit loss forecasting, Forecasts include: Business loss forecasts, CCAR, CECL, MYFA, and ad hoc forecasts as necessary. These forecasts have high visibility, and include interaction with WIM CRO, LOB Heads , WIM Credit Risk Officer and other leaders. Additionally, the team is also responsible for haircut determination for the securities lending portfolio as well as ad hoc portfolio stress testing. These responsibilities require close partnership with Finance, Credit Modeling, Model Validation, Model Governance, Central Risk Capital teams, the Business teams in addition to the WIM credit risk teams.

They will lead a team in accomplishing overall strategic priorities and ensuring that it provides senior management with an independent perspective of the level of prospective credit loss to which the WIM business is exposed across Consumer, Commercial and other business lines. They will lead this team with integrity and create an environment where team members feel included, valued, and supported to do work that energizes them.

In this role, you will:

• Develop a deep understanding of business and loss drivers and maintain active lists of risks and opportunities.

• Oversee the production and review of credit Loss Forecasts for CCAR, FRB, BLF, MYFA and CECL.

• Oversee the production and review of credit VaR models for securities lending portfolio

• Oversee the production and review of ad hoc stress testing of WIM Credit portfolio

• Ownership of credit loss and VaR models. Active role in development, improvement, review, and challenge of all such models.

• Lead WIM forecasting across relevant regulatory exams.

• Ensure rigorous controls in line with RCSA.

The Candidate

Leadership, integrity, and credibility will be determining factors in selection. Successful candidates will be articulate and possess a demonstrated leadership capability. This role requires leaders with strong analytical, relationship management, influencing, vision, and execution skills. A key differentiator will be the ability to understand and operate successfully in a complex corporate environment. This role requires a sense of urgency, passion for results, and personal accountability for achievement.

Required Qualifications, US:

• 6+ years of Risk Analytics experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

• 3+ years of Management experience

Desired Qualifications:

• Extensive experience with loss forecasting processes for consumer and commercial loan products.

• Deep knowledge of related loss forecasting processes and requirements, including CECL, CCAR/MYFA, and depth in the construction and use of loss forecasting models.

• Demonstrated success driving transformation initiatives

• Proven communication skills with the ability to influence, develop, partner with, and maintain collaborative relations at all levels within the organization.

• Proven experience building, leading, and engaging high-performing, diverse, and inclusive teams across a geographically dispersed organization. Evidence of ensuring team has the right capabilities and number of resources.

• Demonstrated ability to operate independently and effectively build relationships within a matrixed environment to influence outcomes both within the business and Independent Risk Management.

• Results driven approach to work with a demonstrated ability to meet stringent deadlines.

• Strong analytical skills with high attention to detail and accuracy.

• Ability to manage and prioritize multiple initiatives simultaneously.

• Ability to apply strategic and critical thinking in describing multiple risks.

• Strong organizational, multi-tasking, and prioritizing skills.

• Strong educational credentials.

Posting Locations:

• 150 E. 42nd St New York, NY

• 401 S Tryon St Charlotte, NC

• 600 S 4th St Minneapolis, MN

• 114 N Beaumont St Saint Louis, MO

• 1150 W Washington St Tempe, AZ

Pay Range

$173,300.00 - $359,900.00

Benefits

Wells Fargo provides all eligible full- and part-time employees with a comprehensive set of benefits designed to protect their physical and financial health and to help them make the most of their financial future. Visit Benefits - Wells Fargo Careers for an overview of the following benefit plans and programs offered to employees.

• 401(k) Plan

• Paid Time Off

• Parental Leave

• Critical Caregiving Leave

• Discounts and Savings

• Health Benefits

• Commuter Benefits

• Tuition Reimbursement

• Scholarships for dependent children

• Adoption Reimbursement

Posting End Date:

4 Apr 2024

• 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.