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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 3 is a senior level credit position focused on managing a large and/or very complex credit portfolio of account relationships within Specialized Industries/Commodity Finance. Responsibilities include working with senior management, relationship managers and credit to originate, monitor and grow commodity finance relationships. Accountable for credit underwriting, portfolio monitoring, renewals and annual reviews, coordination of credit analysis, structuring and specific collateral and covenant review. 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 have revenue generation goals. May periodically assist with office risk management duties and managing overall account relationships. Responsibilities may also include training, managing or mentoring of analysts or junior portfolio managers.
The position location is located in Houston, TX but may consider Charlotte, NC as a potential work location.
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.
- 7+ years of account relationship management experience, credit underwriting management experience, or a combination of both
- 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
- Extensive knowledge and understanding of credit policy, loan servicing, risk management and group underwriting requirements
- Strong credit skills
- Ability to take on a high level of responsibility, initiative, and accountability
Other Desired Qualifications
- Commodity Finance Experience
The salary range displayed below is based on a Full-time 40 hour a week schedule.
TX-HOU-Downtown: Min: $98,000 Mid: $140,000
NC-Charlotte: Min: $98,000 Mid: $140,000
TX-HOU-Downtown: 1000 Louisiana St - Houston, TX
NC-Charlotte: 550 S Tryon St - Charlotte, NC
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.
Visit https://www.wellsfargo.com/about/careers/benefits for benefits information.