28 days old
2017-12-232018-01-22

Chief Credit Officer Financial Institutions Group (FIG), Commercial Credit

London, England W1A 2LQ
  • Job Code
    22835BR-1

Wells Fargo provides middle market, large corporate and financial institution customers with a range of international solutions, including treasury management, credit, payments, financing, foreign exchange, and trade services. Wells Fargo operates from 42 countries and territories outside of the U.S., including branches in Beijing, Cayman Islands, Dubai International Financial Center (DIFC), Hong Kong, London, Seoul.

The new Financial Institutions Group is comprised of the Global Financial Institutions business from International Banking and the Financial Institutions business from Corporate Banking. The newly combined group will remain focused on existing customers while gaining synergies from being on the same team. The group will be strategically focused on relationships with U.S. banks, International Financial Institutions, Supranationals, Sovereigns and non-bank financial institutions to include insurance companies, broker dealers, asset managers, exchanges, finance companies, and title companies. The business will share a common business model that is focused on building long-term customer relationships, deepening those relationships through identifying and providing products, which will help them succeed financially, and adding new customers that fit the Financial Institutions and Wells Fargo risk profile. The Financial Institutions team is comprised of 835 team members across the globe.

Job description:
Chief Credit Officer of FIG is responsible for all credit risk within FIG.
Major responsibilities include:

  • Organizing the FIG Credit team to support the newly merged FIG business.
  • Managing a team of senior credit officers and loan supervisors covering FIGs portfolio.
  • Approve large and complex credit exposures, which are over loan supervisor and senior credit officers authority.
  • Ensure credit portfolio is of high quality to minimize losses; underwriting is sound; credits are accurately risk rated; loans are structured and documented appropriately.
  • Ensure there is proactive portfolio management and that timely action is taken on weak or deteriorating credits. Oversee the management of problem credits.
  • Ensure credits are accurately risk rated and ensure conformity with company, LOB and regulatory credit policies & procedures.
  • Partner with FIG management to support the business including developing credit appetite in support of FIG business strategy
  • Actively call on clients in the market. Represent credit at FIG meetings.
  • Review new credit products and initiatives.
  • Recruit, train, motivate and develop new credit risk talent. Be actively involved in the hiring, training and development of new FIG talent.
  • Act as a source of advice and expertise on international risk and financial institutions including the impact of regulations.
  • Collaborate with other credit risk teams on financial institution risk, (WFS Credit and Counterparty Credit.) and represent FIG credit on risk management committees.
  • Review and approve credit limits for FIG management and relationship managers.
  • Review and approve new FIG credit and lending policies, procedures and standards.
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Chief Credit Officer Financial Institutions Group (FIG), Commercial Credit

Wells Fargo
London, England W1A 2LQ

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Chief Credit Officer Financial Institutions Group (FIG), Commercial Credit

Wells Fargo
London, England
GB

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