Collateral & Due Diligence, Sr Product Manager

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Job description

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.

Wells Fargo Commercial Capital

• A market-leading provider of working capital, investment capital, trust services, and sales financing solutions that help customers optimize liquidity and grow their business through their lifecycle

Middle Market Banking

• Services private and public companies with annual sales of $5 million to $2 billion
• Specialized expertise across industry sectors

Treasury Management & Payment Solutions

• Provides cash management services and digital channel capabilities for customers of Commercial Banking and Corporate & Investment Banking
• Also serves some Consumer and Small Business Banking and Wealth and Investment Management customers, and Auto Dealer Finance partner relationships in Consumer Lending

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.92 trillion in assets. Wells Fargo's vision is to satisfy our customers' financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment, and mortgage products and services, as well as consumer and commercial finance, through 7,200 locations, more than 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 31 countries and territories to support customers who conduct business in the global economy. Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 30 on Fortune's 2020 rankings of America's largest corporations.

Transformation and Data Management The Transformation and Data Management function, which sits within Commercial Banking, is responsible for driving key large-scale Transformation efforts to digitize core processes front-to-back to achieve operational efficiency, effectiveness, and risk reduction. We partner with both Commercial Banking and Corporate & Investment Banking Lines of Business, Operations, and Control to drive transformation with a focus on risk and control, data quality, and consistency in customer experience.

One of our key efforts, the Originations and Portfolio Management Transformation, is focused on implementing a new Loan Origination and Portfolio Management platform that will become the core strategic platform leveraged by Commercial Banking (CB) and Corporate and Investment Banking (CIB) LOBs. Implementing this platform is a key aspect to our overall lending transformation efforts that are helping create optimized CB and CIB lending organizations, with simplified and standardized processes, usable/accurate data, and best-in-class technology. These efforts will enable business efficiency, active portfolio management, better risk management, and a platform for future growth.

In this role, you will own the end-to-end collateral and due diligence design for the new Loan Originations and Portfolio Management tool. You will partner with the broader product team, technology teams and business leaders to guide planning and development for the products. You will engage and motivate teams to deliver consistent, integrated, and extensible solutions aligned to business needs and outcomes through clear product strategies and roadmaps.

Responsibilities include:

• Develop a product vision, definition, and goals for teams to design, build, and optimize technology and processes for their respective product areas.
• Work with product owners, leaders, stakeholders, subject matter experts, and technology teams to ensure business value and adoption are achieved through backlog prioritization against value realization.
• Define and develop key metrics infrastructure to support product area performance and continuous improvement discipline.
• In concert with the broader product line teams, develop integrated product roadmaps ensuring cross functional dependencies are articulated and managed.

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

• 10+ years of experience in one or more of the following: Product management, product development, strategic planning, process management, change delivery or agile product owner

Other Desired Qualifications

• Extensive commercial and/or large corporate lending experience across a broad spectrum of lending products, collateral types, and business segments
• 10+ years' experience in commercial collateral management and due diligence processes including deep understanding of:
• various commercial collateral structures such as Borrowing Base, Commercial Real Estate Dependent Loans, Subscription Lending, etc
• how collateral integrates with the overall credit life cycle
• due diligence and regulatory requirements such as insurance requirements apply for various collateral types
• In depth knowledge of Salesforce and nCino platforms and other market standard collateral tools such as Wolters Kluwer
• Demonstrated strength delivering effective solutions from concept to execution at scale in a cross line of business or enterprise environment
• Demonstrated ability to collaborate and effectively partner/influence with key business stakeholders
• Demonstrated ability to translate complex, technical concepts so that they are clearly understood in support of sound decisions to meet business objectives
• Ability to influence and build relationships with multiple stakeholder groups including line of business, operations, technology, and external service providers
• Bachelor's degree, MBA preferred
• Experience working with development teams in a scrum and agile environment
• Exceptional communication and presentation skills
• Strong analytical and problem-solving skills

Job Expectations

• Ability to travel up to 25% of the time

Street Address

AZ-Chandler: 2700 S Price Rd - Chandler, AZ
MN-Minneapolis: 600 S 4th St - Minneapolis, MN
TX-DAL-Downtown Dallas: 1445 Ross Ave - Dallas, TX
NC-Charlotte: 550 S Tryon St - Charlotte, NC

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

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