Derek Flowers

Senior Executive Vice President and Chief Risk Officer Wells Fargo

Last Reviewed: October 1, 2026

Executive Summary

Derek Flowers has been Wells Fargo’s Chief Risk Officer since January 2022, leading the independent corporate risk function that oversees all financial and non-financial risks, including compliance. A 27-year veteran of Wells Fargo and its predecessors, he began in wholesale banking and spent much of his career in credit and market risk, including as the company’s chief credit and market risk officer, before running its Strategic Execution & Operations Office from 2019. Wells Fargo has named Scott Powell to succeed him as CRO in January 2027. Wells Fargo ranked No. 38 on the 2026 Fortune 500.

Career Highlights

• Senior Executive Vice President and Chief Risk Officer of Wells Fargo since January 2022.
• Head of Strategic Execution and Operations, 2019 to 2022.
• Chief credit and market risk officer of Wells Fargo.

Professional Journey

Flowers earned a BS in finance and entrepreneurship at the University of Arizona and an MBA at the University of Michigan’s Ross School of Business. He began his career in Wholesale Banking in lending and strategic planning roles and led the corporate credit group within the Wells Fargo Securities Principal Investment Group.

He was chief credit and market risk officer for Wells Fargo Securities and Corporate Banking, then for the whole company, chairing its credit and market risk committees. From June 2019 he headed the Strategic Execution & Operations Office.

In January 2022 he became Senior Executive Vice President and Chief Risk Officer.

Education

University of Arizona

Bachelor of Science, Finance and Entrepreneurship

University of Michigan, Ross School of Business

MBA