Consumer Credit Mgr
WELLS FARGO BANK
Karnataka, India
6d ago

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 20 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

About Wells Fargo India

Wells Fargo India enables global talent capabilities for Wells Fargo Bank NA., by supporting business lines and staff functions across Technology, Operations, Risk, Audit, Process Excellence, Automation and Product, Analytics and Modeling.

We are operating in Hyderabad, Bengaluru and Chennai locations.

Department Overview

Wells Fargo Auto is America's one of the leading lenders for new and used cars who have been serving millions of customers and thousands of dealerships nationwide for more than six decades.

It offers auto dealers, integrated financial solutions to finance inventory, gain efficiencies in their business operations, and mitigate financial risk.

Wells Fargo Auto Risk Management team provides credit quality guidance and portfolio and operational risk management through education and collaborative customer relationships, by providing professional expertise and empirically-based tools that support strategies and decisions to enhance productivity.

About the role

The Consumer Credit team is responsible for leading, developing and implementing strategic initiatives and processes to drive the company credit culture, appetite, and business performance.

The team is seeking a leader for the Auto Lending Credit Risk team.

Responsibilities

  • Lead the India team supporting Auto Lending credit risk function across life-cycle, operations analytics and transformation initiatives.
  • Lead the multidisciplinary team to deliver best in class credit risk management practices to enhance the risk framework.
  • Lead strategic initiatives and process for the Auto lending business through conceptualizing, developing and deploying advanced analytical solutions in a high performing environment.

  • Lead development of predictive strategies / solutions for originations, servicing, default management, repossession, strategic analytics, business intelligence for dealers and customers.
  • Analyze data, perform deep-dives & understand / monitor trends to provide actionable insights across a range of risk analytics initiatives

  • Lead development and enhancement of underwriting and collections operations efforts related to different customer contact strategies and risk grading of customers
  • Provide credit risk governance and oversight for Auto business driving credit culture, risk appetite and business performance.
  • Act as a technical expert and Advice and counsel executive leadership on highly complex issues.

  • Assess and predict risk and performance through business analysis and / or modeling. Establish effective policies, processes, and tools to identify and manage risks.
  • Use predictive sciences for developing future ready solutions. Drive continued exploration of innovative analytic techniques, process and tools to facilitate adoption of latest industry advancements.

  • Develop comprehensive monitoring frameworks and dashboards and provide statistically sound diagnostic evaluation of any emerging or unexpected risk areas to enhance intelligence and facilitate faster decision making.
  • Report on asset quality, portfolio trends, emerging threats and opportunities to manage portfolio losses, growth and profitability.

  • Design, develop and manage an efficient interaction model for this multidisciplinary team to ensure consistent delivery across the functional teams.
  • Develop the necessary structure to manage the growing needs of the business while increasing efficiency and effectiveness of the teams.

  • Develop a high performing team including responsibilities for recruiting, training, coaching and retaining strong analytical capabilities for the analysts that support the various functional areas of credit risk management
  • Lead implementation of complex initiatives with moderate to high risk for the line of business.
  • Communicate effectively with Sr. Management and stakeholders across all areas of the organization.
  • Market Skills and Certifications

    Essential Qualifications

  • Bachelor's degree in a quantitative field such as applied mathematics, statistics, engineering, finance, economics, econometrics or computer sciences
  • 15+ years of progressive experience in credit risk or analytics
  • 10+ years of credit risk experience in consumer lending, with some exposure to Auto Lending / Secured / Collateralized business
  • 8+ years of management experience leading sizeable teams
  • Strong Credit Risk analytics skills and comprehensive understanding of P&L and risk drivers
  • Direct experience in most of the following areas : credit risk, fraud risk, collaterals, portfolio analytics, loss forecast, default servicing
  • Knowledge of statistical tools / techniques such as Segmentation, Decision Trees, Clustering, Regression
  • Ability to design and structure complex data & modeling framework for monitoring and analytical reporting
  • Ability to lead project teams and coordinate with multiple stakeholders.
  • Strong project management skills with ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment
  • Strong ability to develop partnerships and collaborate with other business and functional area
  • Strong communication, interpersonal and leadership abilities.
  • Desired Qualifications :

  • Knowledge and understanding of Auto Lending practices, policies, and procedures
  • Knowledge and understanding of the key factors impacting credit offerings, including credit risks and regulatory requirements, financial cash flow / NPV model analysis
  • Ability to contribute to strategic decisions and coordinate with multiple stakeholders. Develop consensus and gain buy-in for strategic priorities
  • Ability to make timely and independent judgment decisions while working in a fast-paced and results-driven environment
  • Leadership Expectations at Wells Fargo

    As a Team Member manager, you are expected to achieve success by leading yourself, your team, and the business. Specifically you will :

    Lead your team with integrity and create an environment where your team members feel included, valued, and supported to do work that energizes them.

    Accomplish management responsibilities which include sourcing and hiring talented team members, providing ongoing coaching and feedback, recognizing and developing team members, identifying and managing risks, and completing daily management tasks.

    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.

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