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About this role: Wells Fargo is seeking a Commercial Real Estate - Specialty Real Estate Finance (SREF) Portfolio Management Manager to be responsible for day-to-day management of a portion of the SREF loan portfolio. The position will include leading a team of portfolio managers and associates. This team lead role will report directly to the SREF Head of Portfolio Management and Underwriting. Learn more about our career areas and lines of business at wellsfargojobs.com.
In this role, you will:
Manage and develop a team of portfolio managers
Engage stakeholders and internal partners associated with the Commercial Real Estate Portfolio Management functional area
Effectively execute control procedures over all PM related processes
Work in conjunction with the coverage team for new originations and closings, and assume responsibility of the loan asset management post-closing
Work with the Loan Administration, Wholesale Loan Office and Treasury Management teams to portfolio manage existing loans, including but not limited to: producing monthly and quarterly reporting, managing loan maturities, modifications/extensions, earnouts, collateral contributions and releases, cash management, construction draws, and TM approvals.
Ensure all loans are appropriately hedged and work with the Credit and FX/Derivatives teams to develop hedging solutions for the client and ensure clear communication by the IBCM team
Monitor, review, and quality control Annual Financial Reviews, loan grading justifications, and ongoing monthly and quarterly PRT reporting
Manage the preparation, coordination, and presentation of the quarterly portfolio reporting processes
Drive operational efficiency, including transitioning work to WFIP, and leverage technology to improve productivity and client service
Interact with internal and external audit (RAR, SNC, OCC etc.) or regulatory inquiries, as needed
Manage the reporting and resolutions of customer complaints, redress events or fraud events, and operational risk events, as needed
Identify and recommend opportunities for process improvement, quality data control, and risk control development
Utilize experience with credit policy and regulatory matters to lead collaboration around broader CRE level credit and operational risk efforts
Collaborate with CRE Portfolio Management, COO team, Technology team, CRE Control, CRE Internal Risk Management (IRM), Audit, Finance, Treasury, and Legal departments to execute and lead efforts to develop systems and solutions in the reporting and optimization of the portfolio
Make decisions and resolve issues regarding resources, objectives, and the day to day operations of SREF portfolio management to meet business objectives
Contribute to the Risk Control Self Assessment ("RCSA") initiative and issues management objectives
Lead and provide input as an SME on CRE special projects and initiatives
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.
Required Qualifications:
6+ years of Commercial Real Estate Portfolio Management experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
3+ years of Management experience
Desired Qualifications:
3+ years of leadership experience (coaching, training, mentoring, etc) as demonstrated through current, previous, or extracurricular roles
In depth knowledge and understanding of commercial real estate lending, underwriting, loan structuring and capital markets
Strong analytical skills with high attention to detail and accuracy
Excellent verbal, written, and interpersonal communication skills
Experience developing and cultivating professional relationships internally and externally
Ability to interact with all levels of an organization and work effectively in a team environment and across all organizational levels, where flexibility, collaboration, and adaptability are important
Ability to work independently with sound judgment in the application of analytical conclusions to credit approval, structure, and management recommendations
Ability to interact with integrity and a high level of professionalism with all levels of customers, team members and management
A Bachelor's Degree or higher in accounting, finance, real estate, or other applicable degree
Posting Locations:
550 S Tryon St, Charlotte, NC
500 W 33rd St, New York, NY
1700 K St NW, Washington, D.C.
Pay Range:
$144,400.00 - $300,000.00 USD Annually
This position is not eligible for Visa sponsorship.
This position is subject to FINRA Background Screening Requirements, including successful completion and clearing of a background check. Internal transfers are subject to comply with 17 CFR 240.17f-2 of the Securities Exchange Act of 1934 and FINRA Bylaws, Article Ill, Section 3, which states that Associated Persons should not be subject to statutory disqualification. Successful candidates must also meet ongoing regulatory requirements including additional screening and are required to report certain incidents.
Pay Range
Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to achievements, skills, experience, or work location. The range listed is just one component of the compensation package offered to candidates. $144,400.00 - $300,000.00 Benefits
Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit Benefits - Wells Fargo Jobs for an overview of the following benefit plans and programs offered to employees.
Health benefits
401(k) Plan
Paid time off
Disability benefits
Life insurance, critical illness insurance, and accident insurance
Parental leave
Critical caregiving leave
Discounts and savings
Commuter benefits
Tuition reimbursement
Scholarships for dependent children
Adoption reimbursement
Posting End Date: 29 Sep 2024 * Job posting may come down early due to volume of applicants.
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, national origin, disability, status as a protected veteran, or any other legally protected characteristic.
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.