Credit Risk & Approval Specialist

About This Role

Wells Fargo is seeking a Credit Risk & Approval Specialist that monitors and manages the credit exposure within the Asset Based Lending, Global Receivables & Trade ("GRT") & Channel Finance portfolios and transactions, approves loans in excess of line authority levels, continually reviews counter-party creditworthiness, and develops credit exposure methodologies in conjunction with risk analytic systems and that are aligned with Board-approved risk appetite. It is anticipated that this role will assist the Lead Credit Risk & Approval Officer for the GRT platform and perform Credit Administration work for the ABL, GRT & Channel Finance platforms.

In This Role, You Will

• Participate in less complex credit transactions or initiatives and identify opportunities for structuring, pricing, and documentation for loan transactions
• Collaborate with the Front-Line on credit policy activities and challenge when appropriate Collect, document and report on IMTV monitoring activities performed by IRM Perform other credit administration work including credit metrics review, managed delegated authorities, review field exams & CPE's
• Review and analyze group loan underwriting and portfolio management performance and risk limits
• Conduct Quality Assurance testing of the Front-Line use of delegated authority
• Receive direction from leaders and exercise independent judgment while developing the knowledge to understand function, policies, procedures, and compliance requirements
• Collaborate and consult with peers, colleagues, and managers to resolve issues and achieve goals Interact with internal and external customers
• Review requests that require research, evaluation, and exercise independent judgment to guide medium risk deliverables

Required Qualifications, US:

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

Desired Qualifications:

• 2+ years of experience in underwriting or credit decisioning or audit for Asset Based loans, or Factoring, or Receivables transactions: Knowledge of collateral managed by a borrowing base, loan documents and experience with portfolio monitoring for these loans
• Demonstrated ability to operate independently and effectively build relationships within a matrixed environment to influence outcomes both within the line of business and Corporate Risk. Includes success making independent decisions (credit or underwriting) which may conflict with the consensus views
• Results-driven approach to work. Capable of working under pressure with equanimity to manage a considerable volume of information and priorities
• Influencing skills in a large and geographically dispersed organization
• Strong educational credentials with a bachelor's degree in finance, accounting, or economics
• Good communication skills with the ability to influence, develop, partner, and maintain collaborative relations at all levels within the organization and externally with customers, partners, and communities

Posting Locations:

• 1445 Ross Ave - Dallas, Texas
• 401 S. Tryon Street - Charlotte, North Carolina
• 1800 Century Park E - Los Angeles, California
• 600 Wells Fargo - Minneapolis, Minnesota
• 2700 S. Price Rd - Chandler, Arizona
• 10 S. Wacker - Chicago, Illinois
• 1100 Abernathy Rd -Atlanta, Georgia
• 7001 Westown Pkwy - West Des Moines, Iowa

Job Expectations:

• Preferred location(s) listed. Other locations within the Wells Fargo footprint may be considered for current Wells Fargo Corporate Risk employees
• Ability to work at one of the approved locations in the job posting
• Willingness to comply with our hybrid work model; working from a Wells Fargo facility at least three days a week, with the flexibility to work remotely two days a week
• No relocation assistance is provided for this job
• Ability to travel up to 15% of the time

Pay Range:

Los Angeles, California - $111,100.00 - $197,500.00 USD Annually

Pay Range

$111,100.00 - $197,500.00 Annual

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.

• Health Benefits
• Commuter Benefits
• Critical Caregiving Leave
• Paid Time Off
• 401(k) Plan
• Scholarships for dependent children
• Adoption Reimbursement
• Parental Leave
• Tuition Reimbursement
• Discounts and Savings

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, age, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Drug and Alcohol Policy

Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.

Reference Number

R-281512-5