Executive Director, Senior Lead Credit Risk Officer

WELLS FARGO BANK; Toronto; Hybrid; CAD 150,000 - 200,000; Full time

Job summary

A leading financial institution seeks an Executive Director, Senior Lead Credit Risk Officer in Toronto. This role involves advising on credit risk strategies, overseeing the Americas loan portfolio, and collaborating with various stakeholders to enhance risk management practices. Candidates should have extensive credit risk experience and strong communication skills. The position offers a hybrid work schedule, emphasizing a commitment to building strong customer relationships while ensuring compliance with risk management protocols.

Qualifications

• 7+ years of Credit Risk experience required.
• Experience in developing credit risk models.
• Strong communication skills with senior leaders.

Responsibilities

• Advise senior leadership on credit risk strategies.
• Monitor and report on asset quality and trends.
• Collaborate with internal and external stakeholders.

Skills

Credit Risk

Risk Management

Communication

Education

Degree educated

Tools

Excel

PowerPoint

Word

VBA

Job description

Wells Fargo is seeking an Executive Director, Senior Lead Credit Risk Officer for the Americas Chief Risk Office. This role is for a vacancy in our Toronto office.

In this role, you will :

• Advise senior leadership to develop and implement strategies, programs and policies with a direct and significant impact on credit risk appetite
• Lead the strategy and resolution of highly complex and unique challenges to drive the company credit culture, appetite, and business performance requiring in-depth evaluation across multiple areas or companywide
• Deliver solutions that are long-term, large-scale and require vision, creativity, innovation, advanced analytical and inductive thinking, and coordination of highly complex activities and guidance to others
• Monitor, assess and report on asset quality, portfolio trends and credit policy exception trends
• Provide oversight of the credit quality for the Americas loan portfolio
• Provide credit concurrence and participate in acquisition due diligence
• Approve and provide credible challenge of line of business credit products, programs, and policies
• Provide vision, direction and expertise to senior leadership on implementing innovative and significant business solutions
• Collaborate and consult with peers, colleagues and managers to resolve issues and achieve goals
• Interact with internal and external customers
• Collaborate with business for oversight of risk management
• Interact with Audit, Legal, external agencies, and regulatory bodies on risk related topics
• Manage regulatory reporting requirements

Required Qualifications :

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

Desired Qualifications :

• Risk management experience in relevant risk classes experiences with an ability to quickly identify key risks
• Strong experience in credit risk and other risk areas would be an asset
• Experience in developing credit risk models to support the Lines of Business particularly within the Corporate and Investment Banking space
• Experience in working for a global / multi-national bank within the Chief Risk Office
• Experience in dealing with regulators
• Ability to lead, work and influence successfully within a matrix, fast-paced environment and build effective business partnerships with all levels of employees and stakeholders
• Ability to provide credible challenge and candor to peers and business leaders
• Ability to execute in a fast paced, high demand, environment while balancing multiple priorities
• Strong communication skills with the ability to communicate issues, risks, and proposed solutions effectively and succinctly, in both written and verbal formats, with senior leaders
• Proficient with advanced Word, PowerPoint, Excel and / or VBA.
• Degree educated (or equivalent)

Job Expectations :

• Foster an environment that ensures strong communication and cooperation across the three lines of defense
• This position is not eligible for visa sponsorship
• This position offers a hybrid schedule, i.e. 3 days working in the office.

Posting End Date : 30 May 2025

• Job posting may come down early due to volume of applicants.

Wells Fargo is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.

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 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.

Applicants with Disabilities

To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo .

Drug and Alcohol Policy

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

Wells Fargo Recruitment and Hiring Requirements :

a. Third-Party recordings are prohibited unless authorized by Wells Fargo.

b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.

Create a job alert for this search

Director Credit Risk • TORONTO, Ontario, Canada