Credit Risk & Portfolio Manager

Job Description

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a leading global financial services company headquartered in San Francisco (United States). Wells Fargo has offices in over 30 countries and territories. Our business outside of the U.S. mostly focuses on providing banking services for large corporate, government and financial institution clients. We have worldwide expertise and services to help our customers improve earnings, manage risk, and develop opportunities in the global marketplace. Our global reach offers many opportunities for you to develop a career with Wells Fargo. Join our diverse and inclusive team where you will feel valued and inspired to contribute your unique skills and experience. We are looking for talented people who will put our customers at the center of everything we do. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.

Market Job Description

Main Function of the Job

• This position will support the Head of Credit Risk with the management of the Bank’s Credit Portfolio at a macro level, including management of concentration risk, country risk and asset class limits;
• To ensure that Credit Risk is accurately measured and captured in the Bank’s key governance documents and frameworks, i.e. Statement of Risk Appetite, Risk Framework, Risk Strategy, ICAAP, Recovery Plan, etc.;
• Participation in and management of Credit’s involvement in ongoing projects and initiatives, including resolution of any CBI/Audit/Risk Asset Review issues;
• Working closely with other areas in WFBI Risk, the EMEA Risk Management Team and across other areas of WFBI such as Compliance, Finance, and the Office of the CEO.

Responsibilities:

• This position will support the Head of Credit Risk with the management of the Bank’s Credit Portfolio at a macro level, taking responsibility for
  • managing and reporting on concentration risk,
  • portfolio exposure,
  • credit governance,
  • portfolio reporting/monitoring/emerging trends,
  • credit policies and procedures;
• Serve on the Credit Committee as Deputy Chair in the absence of the Head of Credit Risk;
• Assist the Head of Credit Risk with the development and documentation of the Credit Risk Strategy, Credit Risk Framework and Credit Policy;
• Responsibility for ensuring that Credit Risk is accurately measured and captured in the Bank’s key governance documents and frameworks, i.e. Statement of Risk Appetite, Risk Framework, Risk Strategy, ICAAP, Recovery Plan, etc.; represent Credit Risk in the annual review of these and other governance documents;
• Enhance the suite of credit risk MI to meet the needs of senior management, Risk Committee, Credit Committee, the Portfolio Monitoring Forum, WFBI Board, ALCO, Group Reporting, Regulatory Reporting and the Regional Risk Team regarding asset quality, concentration metrics, expected credit losses, Watchlist and general portfolio performance. Such reports must identify and measure key internal and external (economic/socio economic) risks, emerging themes and trends and provide recommended actions;
• Responsible for engagement with other areas within WFBI Risk, the EMEA Risk Management Team and across other areas of WFBI such as Compliance, Finance and the Office of the CEO to ensure alignment between the Bank’s overall strategic direction, its credit risk appetite and concentration limits;
• Monitor regulatory requirements and developments in relation to credit risk management, and undertake remedial action where necessary;
• Manage the Business Manager, Credit Policy and Projects, and ensure that Credit Policies and Procedures are fit for purpose and up to date
• Accountable for the management of Credit’s involvement in ongoing projects and initiatives, including resolution of any CBI/Audit/Risk Asset Review issues;
• Monitor or coordinate monitoring of compliance with concentration risk limits;
• Provide wider Credit subject-matter expertise for change programs and ad-hoc related projects;
• Develop strong working relationships and effectively communicate with senior management and team members in both lines of business, support functions and EMEA in order to foster a collaborative approach to managing risk and mitigate any potential issues;
• Assist with streamlining of processes and procedures, wherever possible synchronising with similar processes that are undertaken by the lines of business and other parts of EMEA;
• Provide input to Risk Reviews (internal and external) and Project Work. Provide timely responses to all queries and maintain oversight for the timely implementation of any corrective actions raised in their reviews/reports.

Market Skills and Certifications

This position is designated as a Controlled Function (CF 2) under Part 3 of the Central Bank Reform Act 2010 (sections 20 and 22) and as such is subject to the Central Bank’s Fitness and Probity Regime.
A team member who performs a CF2 role ensures, controls or monitors compliance by WFBI with our relevant obligations.
Individuals who perform a CF role must have a level of fitness and probity appropriate to the performance of that particular function. In general, the Fitness and Probity Standards requires that individuals must:

1. Be competent and capable;
2. Act honestly, ethically and with integrity; and
3. Be financially sound.

Skills/Experience Required:

• Degree educated in Business, Accounting, Mathematics, or related field required;
• Highly experienced in a Credit related role in Commercial, Corporate or Investment Banking (relationship management, portfolio management, credit approval or governance role);
• Knowledge of credit related products, trade, treasury and finance;
• Knowledge and experience of the regulatory requirements and operations of a credit institution licensed in Ireland, credit governance requirements and development of credit policies, procedures, reports and governance documents;
• Have a clear understanding of economic and socio-economic issues and their impact on credit risk;
• Self-motivated with an ability to work independently;
• Demonstrated problem-solving skills;
• Proven interpersonal, communication and leadership skills, with demonstrated ability to provide presentations, reports and briefings to senior personnel;
• Excellent teamwork skills with an ability to manage process in an “influencer” capacity;
• Highly organized with well-honed time management skills and ability to prioritise;
• Skilled with Excel, Word and PowerPoint.

We Value Diversity

At Wells Fargo, we believe in diversity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national or ethnic origin, age, disability, religion, sexual orientation, gender identity or any other status protected by applicable law. We comply with all applicable laws in every jurisdiction in which we operate.
Team members 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.