Wells Fargo

Location:

New York, New York

Country:

US

Approximate Salary:

Not Specified

Position Type:

Full Time

Phone:

415) 820-7800

ABL Relationship Manager 1 (Credit Analyst)

Wells Fargo - New York, New York

Posted: 12/7/2018

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 nine major business lines include Business Banking, Middle Market Banking, Government and Institutional 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.

Wells Fargo Commercial Capital (WFCC) combines Wholesale’s secured lending businesses including Commercial Distribution Finance (CDF), Corporate Trust Services (CTS), Wells Fargo Capital Finance (WFCF) and Wells Fargo Equipment Finance (WFEF). This consolidated group of businesses helps customers leverage their company’s assets into flexible financing solutions. WFCC is a leading contributor to Wholesales revenue, assets, and net income.

Wells Fargo Capital Finance (WFCF) is one of the top lead arrangers of asset-based loans in the U.S. with a large and diversified portfolio of close to 2,400 customers and more than $33 billion in loans outstanding. WFCF offers traditional asset-based financing, specialized senior secured financing, accounts receivable financing, purchase order financing, and supply chain financing to a wide range of companies throughout the United States, Canada and the United Kingdom.

The RM1 will assist Relationship Managers with the management of a portfolio of Asset Based Lending customers. Responsibilities will include (but are not limited to):

  • Reviewing, analyzing, uploading, and distributing customer reporting upon receipt
  • Direct customer interaction
  • Analyzing client financial statements, collateral performance and various industry trends
  • Verifying customer covenant calculations and compliance
  • Preparing and presenting client trend cards
  • Assisting RMs with the preparation of underwritings and memos
  • Updating and reviewing customer risk ratings
  • Tracking and analyzing platform data and metrics
  • Coordinating with RMs on submissions of internal compliance items
  • Meeting with customers to facilitate and process requests
  • Working closely with RMs and Managers on various projects as required
  • The RM1 will be assigned accounts as work load and account distribution allow

Team members 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

  • 2+ years of commercial lending experience, credit analysis experience, or a combination of both
Desired Qualifications

  • Advanced Microsoft Office (Word, Excel, Outlook and PowerPoint) skills
  • Excellent verbal, written, and interpersonal communication skills
  • Solid decision making skills
  • Solid problem solving skills
  • Strong analytical skills with high attention to detail and accuracy
  • Strong organizational, multi-tasking, and prioritizing skills
Other Desired Qualifications
  • Experience with credit analysis, underwriting or portfolio management
  • Completion of FAP or similar credit training program
  • Understanding of Asset Based Lending, experience with collateral monitoring and financial analysis
  • High level of initiative and accountability
  • Proven leadership, self-motivation and success through internships, part-time or full-time work, and/or extracurricular activities
  • Basic understanding of collateral valuations and/or financial statements
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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