Head of Credit Loan Closing

About this role:

Wells Fargo is seeking a highly experienced candidate to lead the Credit Loan Closing team responsible for managing the settlement process of a portfolio of par and distressed trades on credit products such as loans bonds reorganized equity and claims.

The ideal candidate will have a proven track record of managing large-scale credit servicing platforms and driving automation initiatives. This role requires strong leadership skills regulatory expertise and the ability to deliver scalable risk-controlled processes.

In this role you will:

• Manage and develop teams of securities loan trading closer professionals to ensure commitments are met and align with strategic objectives
• Effectively manage a portfolio of par and distressed trades on credit products including loans bonds reorganized equity and claims.
• Successfully monitor the flow of trades from trade date to settle date including preparing reviewing and confirming required documentation within the guidelines of The Loan Syndications and Trading Association
• Identify and recommend opportunities for managing a portfolio of par and distressed trades on credit products including loans bonds reorganized equity and claims
• Work closely with Traders Sales and Strategy to identify and understand the specifics of the loans traded. Including: Confirm desk positions monitor exposures of counterparty credit limits and verify KYC/AML/Tax onboarding requirements for all customers
• Create and maintain relationships with trading counterparts external legal counsel administrative agents and many Wells Fargo support partners
• Strengthen regulatory controls and process automation initiatives in high-volume credit environments.

Required Qualifications:

• 6 years of securities loan trading closers experience or equivalent demonstrated through one or a combination of the following: work experience training military experience education
• 3 years of management or leadership experience

Desired Qualifications:

• 10 years leading teams in syndicated loan operations and/or distressed credit
• Proven success at managing large-scale credit servicing platforms
• Experience in pre and post trade settlement processes and servicing CLO Portfolios and/or familiarity with Total Return Swaps on Loans
• Expertise in regulatory reporting team leadership and delivery of scalable risk-controlled processes
• Proficiency in LoanIQ ClearPar SyndTrak and other relevant systems
• Candidate needs to be self-motivated and possess exceptional communication skills
• Effective organizational multi-tasking and prioritizing skills
• Excellent verbal written and interpersonal communication skills
• Candidate needs to possess knowledge of the loan market specifically the settlement process including closing procedures and documentation.
• Candidate should possess and display strong customer focus and client service skills
• Candidate needs to be organized affable and able to work in a collegial team-oriented environment
• Candidate must be able to multi-task and handle stressed situations
• Strong leadership skills with a focus on team building and retention initiatives
• Develop and guide a culture of talent development to meet business objectives and strategy

Job Expectations:

• Ability to travel up to 10% or as needed
• Registration for FINRA Security Industry Essentials (SIE) must be completed within 90 days of hire date if it is not available for transfer upon hire. FINRA recognized equivalents will be accepted.
• Registration for FINRA Series 7 must be completed within 90 days of hire date if it is not available for transfer upon hire. FINRA recognized equivalents will be accepted.
• Registration for FINRA Series 63 (or 66) must be completed within 90 days of hire date if it is not available for transfer upon hire. FINRA recognized equivalents will be accepted.

Posting End Date:

*Job posting may come down early due to volume of applicants.

We Value Equal Opportunity

Wells Fargo is an equal opportunity employer. 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.

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 units risk appetite and all risk and compliance program requirements.

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 visitDisability 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.