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Job DescriptionImportant Note: During the application process, ensure your contact information (email and phone number) is up to date and upload your current resume when submitting your application for consideration. To participate in some selection activities you will need to respond to an invitation. The invitation can be sent by both email and text message. In order to receive text message invitations, your profile must include a mobile phone number designated as 'Personal Cell' or 'Cellular' in the contact information of your application.At Wells Fargo, we want to satisfy our customers' financial needs and help them succeed financially. We're looking for talented people who will put our customers at the center of everything we do. Join our diverse and inclusive team where you'll feel valued and inspired to contribute your unique skills and experience.Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.Wholesale Banking provides financial solutions to businesses across the United States and globally. Our four major business lines include Corporate & Investment Banking, Commercial Banking, Commercial Real Estate, and Wells Fargo Commercial Capital. We also have groups in credit risk, group risk, finance, marketing, human relations, and the Wholesale Chief Operating Office that support our businesses.Wells Fargo Commercial Capital (WFCC) combines Wholesale's secured lending businesses including Commercial Distribution Finance (CDF), Corporate Trust Services (CTS), Wells Fargo Capital Finance (WFCF) and Wells Fargo Equipment Finance (WFEF). This consolidated group of businesses helps customers leverage their company's assets into flexible financing solutions. WFCC is a leading contributor to Wholesales revenue, assets, and net income.Wells Fargo Capital Finance (WFCF) is one of the top lead arrangers of asset-based loans in the U.S. with a large and diversified portfolio of close to 2,400 customers and more than $33 billion in loans outstanding. WFCF offers traditional asset-based financing, specialized senior secured financing, accounts receivable financing, purchase order financing, and supply chain financing to a wide range of companies throughout the United States, Canada and the United Kingdom.The Regional Underwriting Manager's (RUM) primary responsibility is to build, train and manage a diverse team of underwriters and analysts and liaise with all departments in the Channel Finance Division involved in both the new business process and portfolio modification process to ensure a timely and seamless loan approval and closing process with the primary goal of being the highest quality and best in class in the industry. The RUM will lead by example and help design, execute, collaborate and manage all elements of the underwriting process as well as mentor and coach the underwriting team. This position will also be responsible for building and maintaining a best in class underwriting team capable of quickly identifying key risk issues, creatively structuring to the extent possible around these issues, prepare a well constructed, concise and well written approval document and provide recommendations to the deal team, Division Leadership Team and Corporate Credit team. The RUM will create and sustain an environment of continuous process improvement in collaboration with the Channel Finance Division Manager, the Channel Finance Region Managers and the Channel Finance Sales teams. They will help develop a multi-generational plan to drive continuous cycle time improvement and conversion rates. Other responsibilities include mentoring and coaching of direct reports, work with Division Manager and HR to develop a goals and objectives for the group and provide both the Relationship Management team and Sales teams with support on transactions through the early read and screening process.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.As an Employee 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 employees feel included, valued, and supported to do work that energizes them.
Accomplish management responsibilities which include sourcing and hiring talented employees, providing ongoing coaching and feedback, recognizing and developing employees, identifying and managing risks, and completing daily management tasks.
Required Qualifications6+ years of asset based lending underwriting and lending experience
Other Desired QualificationsPrior Channel Finance Underwriting experience
Prior experience managing ABL Underwriting Teams
Large corporate underwriting experience
DisclaimerAll offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.Relevant military experience is considered for veterans and transitioning service men and women.Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.Company: Wells FargoReq Number: 5558833-3Updated: 2021-01-23 23:15:56.662 UTCLocation: Chicago,IL
Vacancy expired!