Credit Risk Associate

☞ Wells Fargo

Aussicht: 187

Update Tag: 07-10-2024

Ort: Düsseldorf North Rhine-Westphalia

Kategorie: Finanzen / Bank / Aktien Der Umsatz

Industrie: Banking Financial Services Investment Management

Position: Associate

Jobtyp: Full-time

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Jobinhalt

About This Role

Wells Fargo is seeking a Credit Risk Associate.

This position will support Lead Credit Risk Officers (’LCROs’) and the Head of Credit Risk in all aspects relating to the management of the WFBI credit portfolio.

In This Role, You Will
  • Support LCROs across all lines of business (’LoBs’) throughout the entire credit decision process, including reviewing existing and new client transactions and periodic reviews of client relationships. LoBs will include Commercial Real Estate (’CRE’), Corporate Banking Group (’CBG’), Financial Institutions Group (’FIG’) and Capital Finance (SCF & CDF).
  • Perform credit and financial analysis and assist in the preparation of credit reviews to support decisions, including constructive engagement with the respective LoBs
  • Ensure that all requisite documentation for requests for Credit Approvers and/or Credit Committee is received and processed in accordance with relevant policy and procedures.
  • Timely collation and circulation of Credit Committee packs.
  • Interact with the Risk Analytics team and maintain a database of Annual Review and Country Risk Reviews.
  • Maintain a database for the monitoring and reporting of open action items relating to credit decisions and follow up directly with lines of business to close out action points.
  • Record clear and accurate Credit Committee minutes and circulate in a timely basis for review and approval.
  • Assist the Credit Risk team with both internal and external information/ reporting requests, e.g. relating to internal audits or regulatory requests.
  • Participation in ongoing projects and initiatives, including resolution of any CBI/Audit/Risk Asset Review issues.
  • Assist in the preparation of Credit Risk reporting to ExCo, 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.
Required Qualifications, International:
  • Degree educated (or equivalent).
  • Experience in a Financial Institution.
  • Excellent verbal, written, and interpersonal communication skills.
  • Ability to critically analyse client loan/credit requests and identify key risks.
  • Ability to identify key takeaways and follow up items from Credit Committee meetings.
  • Strong computer skills including MS Office, Outlook, Word and Excel.
  • Strong attention to detail and accuracy.
  • Strong organizational and time management skills.
  • Ability to multi-task and work in a deadline driven environment.
  • Ability to work effectively in a team environment and interact, negotiate and communicate with all levels of management, staff and customers.
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, or status as a protected veteran.

Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.

Reference Number

R-200808-2
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Frist: 21-11-2024

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