About this role:Wells Fargo is seeking a Mortgage Securities Trading Senior Manager in Home Lending/Capital Markets as a part of Consumer Lending. Learn more about the career areas and business divisions at wellsfargojobs.com.
In this role, you will:- Lead a team of traders, transaction managers and analysts that are responsible for sales and purchases of loans for the mortgage portfolio
- Identify, measure, monitor, and execute tactical and strategic initiatives to optimize the portfolio's earnings or risk profile
- Manage and develop a team of individual contributors
- Engage and influence stakeholders, internal partners and peers associated with the mortgage portfolio trading function
- Synthesize current market, economic, policy issues into processes
- Determine appropriate strategy and actions of the Mortgage Portfolio Trading team
- Lead team to achieve objectives and interpret or develop policies and procedures with moderate complexity within scope of responsibility
- Provide market color, evaluation, and explanation of the market for mortgage loans
- Collaborate and influence all levels of professionals including experienced managers
- Interact with internal and external counterparties
- Manage allocation of people and financial resources for Mortgage Portfolio Trading
- Develop and guide a culture of talent development to meet business objectives and strategy
Required Qualifications:- 6+ years of Mortgage Securities Trading 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:- Extensive knowledge of the Secondary Market for mortgage loans, particularly with respect to less liquid types of transactions
- Mastery of all aspects of the process of mortgage loan transactions including Legal, Accounting, Financial, Regulatory, Servicing Transfers, Contract Negotiations
- Experience overseeing the work of other traders/transaction managers
- Experience presenting to Senior Management
- Experience developing and implementing new processes and controls in a tightly controlled risk environment
Job Expectations:- This position is not eligible for Visa sponsorship
- This position offers a hybrid work schedule
- This position requires compliance with all mortgage regulatory requirements and Wells Fargo's compliance policies related to these requirements. Successful candidates must also meet ongoing regulatory requirements including additional screening and required reporting of certain incidents.
- Required location(s) listed below. Relocation assistance is not available for this position
Work Location: - 114 N Beaumont St. - Bldg. D - Saint Louis, MO
- 1525 W WT Harris Blvd - Charlotte, NC
- 150 E 42nd St - New York, NY
Pay Range:- New York, NY: $138,500 - 287,600 annually
- Other posted locations: $120,400 - 250,000 annually
Needs experience in buying and selling whole loans for a portfolio including legacy and less liquid assets
Posting End Date: 11 Nov 2024
*Job posting may come down early due to volume of applicants. We Value DiversityAt 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 DisabilitiesTo request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo .
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