Credit Risk Specialist

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.

The Portfolio Quality Assurance team monitors the effectiveness and adherence of credit policies and procedures of the Origination Underwriting, Line Management and Subordination teams. We provide actionable recommendations to emerging trends and work with our business partners to identify root cause of issues impacting quality. Responsible for examining and analyzing mortgage programs, processes, documentation and or files of unusual, complex and high risk transactions to ensure credit policy and procedural compliance with internal company requirements and/ or government regulations. Clearly communicates overall process or transaction quality and provides feedback to appropriate contacts regarding identified deficiencies or issues including identification of inconsistencies. Analyzes risks and offsets and develops solutions for issues identified. Provide support for exam management activities and any other initiatives as needed.

About this role:

Wells Fargo is seeking a Credit Risk Specialist in Credit Risk as part of Corporate Risk. Learn more about the career areas and lines of business at wellsfargojobs.com .

In this role, you will:

• Participate in less complex initiatives and identify opportunity for risk mitigation strategies within Credit Risk
• Lead, develop, and implement strategic initiatives and processes to drive the company credit culture, appetite, and business performance
• Review and analyze reports to assess and predict risk and monitor performance that require research, evaluation, and selection of alternatives, and exercise independent judgment to guide medium risk deliverables
• Receive direction from leaders
• 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 customers

Required Qualifications, US:

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

Desired Qualifications:

• 2+ years experience in home lending underwriting
• Non-Conforming, correspondent or home equity loan underwriting experience
• Experience in a quality review function
• LPS, LIS, CORE, HOGAN, SHAW, CLOUD and other Wells Fargo systems of record
• Knowledge and understanding of Wells Fargo Home Lending underwriting policy and procedures across various products
• Strong research and documentation skills
• Excellent verbal and written communication skills and interpersonal communication skills
• Strong understanding of income analysis including self-employment cash flow
• Judgmental quality review experience
• Strong analytical skills with high attention to detai l and accuracy
• Inte rmediate Microsoft office office (word, excel and outlook skills)
• Ex cellent verbal, written and interpersonal skills

Job Expectations:

• Ability to work at one of the approved locations in the job posting once Wells Fargo returns to the Standard Operating Model.

Posting Locations:

• West Des Moines, IA
• Minneapolis, MN
• Tempe, AZ
• Dallas, TX
• Charlotte, NC

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, or national origin.

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.