Job Information
Wells Fargo Executive Director - Capital Markets Document Negotiation Senior Manager in NEW YORK, New York
Why Wells Fargo:
Are you ready for the next step in your career? This is where it begins - at a company known for our "Well Life" approach to supporting employees' career aspirations, work-life balance, and mental and physical health. We ranked #2 on the 2023 LinkedIn Top Companies list - and #1 among financial services companies - as the best workplace "to grow your career" in the U.S. We're especially proud of our tangible, meaningful commitment to diversity, equity, and inclusion in the workplace. When it comes to employees' financial health, we offer competitive salaries and generous benefits package. Apply today.
About this role:
Wells Fargo is seeking a Loan Closing Manager to manage closing teams located in Charlotte, NC and New York, NY. The Closing Manager will be responsible for performing a variety of duties related to the closing of complex commercial mortgage-backed securities (CMBS) loans ensuring compliance with internal policies and procedures as well as regulatory requirements. Learn more about our career areas and lines of business at wellsfargojobs.com.
In this role, you will:
Manage and develop a team of closers within the Real Estate Securitization and Capital Markets (RESCM) closing team
Provide guidance and training to closing team members
Determine appropriate actions of closers for executing tasks related to various processes associated with closing
Enforce adherence to compliance standards, supervisory policies, and procedures within closing
May manage an assigned pipeline of loans and/or assign new loans to other loan team members
Review and approve closers work product prior to loan closing
Processing, closing and compliance for CMBS loan products
Oversee the preparation, negotiation, and tracking of various tasks related to CMBS loan closings
Interpreting policies while analyzing applicant, property and documentation
Ordering all required verifications, documentation and subsequent follow-ups required to close CMBS loans
May act as a liaison between borrowers and legal department.
Identify and recommend opportunities within Closing team for improvements, as well as relevant challenges and weaknesses facing the business
Collaborate with and influence peers and others on complex loan negotiations to ensure loan documents are negotiated in a timely manner and include the necessary provisions to mitigate transaction, legal, operation and credit risk
Work closely with Origination, Underwriting, Legal, Credit, and CMS Operations in closing CMBS loans
Partner with management in the creation and administration of policies and procedures which govern the closing process
Participate in RCSA activities for loan closing
Partner across business and greater CRE organization to remediate issues identified within closing, on behalf of the business
Develop and guide a culture of talent development to meet business objectives and strategy
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 Capital Markets Document Negotiation 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:
6+ years of CMBS closing or commercial real estate closing experience
Legal background including, but not limited to, paralegal certificate or Juris Doctor (JD)
Understanding of regulatory compliance requirements for commercial real estate lending such as Flood Disaster Protection Act (FDPA)
Excellent oral and written communication skills
Excellent analytical and problem-solving skills
Strong interpersonal skills, including the ability to interact with senior executives
Strong working knowledge of Excel, Word, PowerPoint, information systems and programming
Ability to work in a dynamic and demanding work environment
Dedication to continuing a career in the financial services industry
Job Expectations:
Willingness to work in excess of 40 hours, including evenings
This position offers a hybrid work schedule
Posting Locations:
550 S Tryon St, Charlotte, NC
500 W 33rd St, New York, NY
Pay Range
- $200,000.00 - $250,000.00 USD Annually
This position is not eligible for Visa sponsorship.
Pay Range
$144,400.00 - $300,000.00
Benefits
Wells Fargo provides all eligible full- and part-time employees with a comprehensive set of benefits designed to protect their physical and financial health and to help them make the most of their financial future. Visit Benefits - Wells Fargo Careers for an overview of the following benefit plans and programs offered to employees.
401(k) Plan
Paid Time Off
Parental Leave
Critical Caregiving Leave
Discounts and Savings
Health Benefits
Commuter Benefits
Tuition Reimbursement
Scholarships for dependent children
Adoption Reimbursement
Posting End Date:
7 Jul 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.
Company: WELLS FARGO BANK
Req Number: R-378460-2
Updated: Sat Jun 29 03:48:20 UTC 2024
Location: NEW YORK,New York