Commercial Banking Real Estate Portfolio Services Portfolio Manager (PM1)

Job Description
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 seven major business lines include Commercial Banking, Corporate Banking, Commercial Real Estate, Financial Institutions Group, Wells Fargo Commercial Capital, Wells Fargo Securities, and the Investment Portfolio. We also have groups in credit risk, group risk, finance, marketing, human relations, and the Wholesale Chief Operating Office that support our businesses.
The Wells Fargo Middle Market Banking Group (MMB) solicits and maintains relationships with businesses by offering a full array of credit, technologically advanced treasury management and investment products. These relationships represent a range of industries including professional services, general commercial, manufacturing, distribution, and global companies among other specialties. MMB is committed to our customers' business success through solid, long-term customer relationships.
In connection with the Middle Market Banking Credit Portfolio Management Group's mission of supporting risk management activities, Real Estate Portfolio Services (REPS) has an immediate opportunity for a Portfolio Manager 1 in Minneapolis, MN, Charlotte,NC, and Phoenix, AZ This position within REPS is responsible for performing credit work associated with annual reviews and renewals of investor commercial real estate relationships. The selected candidate will be part of a team that directly participates in the credit support of the Regional Commercial Banking Offices (RCBO's). REPS is aligned within the Commercial Bank and is a fundamental part of the business.
General responsibilities include working with senior management, relationship managers and credit to monitor and grow middle market commercial real estate relationships. Specifically accountable for credit and collateral underwriting, renewals and annual reviews. Manages and promotes the maintenance of a portfolio that adheres to all applicable credit policies and compliance requirements. Works directly with Relationship Managers and other RCBO team members to understand credit needs. Additionally, this position may also include the review and recommendation of risk exposures as designated by the Site Manager.
Team members support our focus on building customer relationships balanced with an effective 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

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


Desired Qualifications
  • Loan negotiation (rates, terms, and collateral requirements) experience
  • Underwriting experience including advanced commercial or specialty group relationship portfolio credit
  • Extensive knowledge and understanding of credit policy, loan servicing, risk management and group underwriting requirements
  • Knowledge and understanding of commercial and specialty group banking products and services


Other Desired Qualifications
  • Commercial Real Estate underwriting experience


Street Address
MN-Saint Louis Park: 400 Highway 169 S - Saint Louis Park, MN
AZ-PHX-Central Phoenix: 100 W Washington St - Phoenix, AZ
NC-Charlotte: 301 S College 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.


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