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Commercial Valuations Senior Manager for Collateral Support Team (Executive Director Level)

AT Wells Fargo
Wells Fargo

Commercial Valuations Senior Manager for Collateral Support Team (Executive Director Level)

Bonifacio Global City, Philippines

About this role:

Wells Fargo is seeking a Commercial Valuations Senior Manager, you will lead the Collateral Support team across I&P and will be responsible for conducting and overseeing Collateral management for Asset Based Lending products in Commercial Banking business.

In this role, you will:

  • Supervise, mentor, and develop a team of Commercial valuations professionals, ensuring effective Collateral Management and professional growth.
  • Build and maintain strong relationship with stakeholders and internal partners, understanding their needs and delivering best in class services.
  • Oversee preparation of accurate and detailed valuations of collateral based on the Borrowing base certificate Source from customer/ Agent bank, ensuring the proper controls are in place to protect the bank's assets and to identify and mitigate risk.
  • Make recommendations to senior management on ways to limit the bank's exposure on assigned collateral.
  • Identify and recommend new business opportunities contributing to the growth of the team. Also come up with process improvement ideas and risk control development within Collateral functional area.
  • Make decisions and resolve issues regarding resources, objectives, and operations of Collateral functional area and team to meet business objectives.
  • Interpret and develop policies and procedures for Collateral functions with low to moderate complexity within scope of responsibility.
  • Collaborate and consult with Collateral team peers, colleagues, and multiple level managers as well as interact directly with internal customers.
  • Serve as the liaison to Regional Portfolio Managers, Regional Credit Managers, operations, and client services for items related to collateral activity.
  • Mentor and guide talent development of direct reports and assist in hiring talent.
  • As a senior manager lead one of the initiatives such as L&D, Careers, Communication, Risk, Business Acumen & Strategy, etc.
Required Qualifications:

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  • 12+ Years of experience in Commercial Banking- Loan Syndication
  • 4+ years of Collateral management experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education.
  • Leadership experience
Desired Qualifications:
  • Knowledge on the structure of Asset Based lending loans and end to end knowledge of the credit life cycle in Syndication loan.
  • Knowledge in reviewing and analyzing the Collateral values from a Borrowing base Certificate prepared by the customers or Agent bank.
  • Understanding of how to reconcile the books of bank in Syndication Loan portfolio.
  • Exposure in Analyzing AR Aging reports and decipher appraisal values from field exam report which are upstream process in Collateral Management.
Job Expectations:
  • Exceptional time management abilities, demonstrated by having robust capacity plan in place to manage peaks and trough in workload.
  • Consistent, reliable attention to detail and high standard of accuracy, while also being able to "zoom out" and consider whether something makes sense in the bigger picture.
  • Maintaining up-to-date knowledge of Collateral Management processes and guidelines, to actively develop individual team members skill & proficiency.
  • Strong technical acumen: Should have an advance understanding of loan system such as ACBS, LoanIQ, AFS which are widely used System of Record for managing Syndicated loans across global banks.
  • Curiosity and an ardent desire to learn more and develop skills independently - learning is a mindset, not a task to complete.
  • Flexibility - our world is ever-evolving, and we are committed to continual improvement to better support our internal and external partners, which means embracing change is the expectation.
Posting End Date:
29 Sep 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.

Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.

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.

Wells Fargo Recruitment and Hiring Requirements:

a. Third-Party recordings are prohibited unless authorized by Wells Fargo.

b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.

Client-provided location(s): Taguig, Metro Manila, Philippines
Job ID: WellsFargo-R-392312
Employment Type: Full Time

Perks and Benefits

  • Health and Wellness

    • Health Insurance
    • Health Reimbursement Account
    • Dental Insurance
    • Vision Insurance
    • Life Insurance
    • FSA
    • HSA
    • Mental Health Benefits
    • Short-Term Disability
    • Long-Term Disability
  • Parental Benefits

    • Adoption Assistance Program
    • Family Support Resources
    • Birth Parent or Maternity Leave
    • Non-Birth Parent or Paternity Leave
    • Fertility Benefits
    • Return-to-Work Program
  • Work Flexibility

    • Hybrid Work Opportunities
  • Office Life and Perks

    • Commuter Benefits Program
  • Vacation and Time Off

    • Paid Vacation
    • Paid Holidays
    • Personal/Sick Days
    • Volunteer Time Off
  • Financial and Retirement

    • 401(K) With Company Matching
    • Performance Bonus
    • Stock Purchase Program
  • Professional Development

    • Tuition Reimbursement
    • Access to Online Courses
    • Internship Program
    • Associate or Rotational Training Program
    • Promote From Within
    • Mentor Program
  • Diversity and Inclusion

    • Employee Resource Groups (ERG)
    • Diversity, Equity, and Inclusion Program
    • Unconscious Bias Training

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