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Wells Fargo Commercial Portfolio Manager 2-Northeast in Boston, Massachusetts

Job Description

Important 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 are looking for talented people who will put our customers at the center of everything we do. We are seeking candidates who embrace diversity, equity and inclusion in a workplace where everyone feels valued and inspired.

Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.

Commercial Banking provides financial solutions to businesses with annual sales generally in excess of $5 million. Our business lines are Wells Fargo Commercial Capital, Middle Market Banking, and Treasury Management & Payment Solutions.

Middle Market Banking

o Services private and public companies with annual sales of $5 million to $2 billion

o Specialized expertise across industry sectors

The Portfolio Manager 2 is a senior level position focused on managing a large and/or very complex credit portfolio of middle market account relationships. Responsibilities include working with senior management, relationship managers and credit to originate, monitor and grow middle market relationships. Accountable for credit underwriting and origination, portfolio monitoring, renewals and annual reviews, coordination of pricing, and for revenue growth, and relationship profitability. Manages and promotes the maintenance of a portfolio that adheres to all applicable credit policies and compliance requirements. Works with clients directly to understand credit needs and represents the bank in developing and maintaining client relationships. May periodically assist with office risk management duties and managing overall account relationships. Responsibilities may also include mentoring of analysts or junior portfolio managers.

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

  • 5+ years of account relationship management experience, credit underwriting management experience, or a combination of both

Desired Qualifications

  • Underwriting experience including advanced commercial or specialty group relationship portfolio credit

  • Experience negotiating interest rates, price, terms, and collateral requirements

  • Knowledge and understanding of commercial and specialty group banking products and services

  • Solid knowledge and understanding of credit policy, loan servicing, risk management, and group underwriting requirements

Job Expectations

  • Ability to travel up to 10% of the time

Street Address

NY-Amherst: 6400 Sheridan Dr - Amherst, NY

MA-Boston: 125 High Street - Boston, MA

CT-Shelton: 4 Corporate Dr - Shelton, CT

Disclaimer

All 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.

Benefits Summary

Benefits

Visit https://www.wellsfargo.com/about/careers/benefits for benefits information.

Company: Wells Fargo

Req Number: 5589534-2

Updated: 2021-07-25 01:05:26.161 UTC

Location: Boston,MA

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