Vice President, FHA Asset Management Portfolio Manager

The Corporate & Investment Bank (CIB) delivers a comprehensive suite of banking, capital markets and advisory solutions, including a full complement of sales, trading and research capabilities, to corporate, government and institutional clients. We focus on our clients' overall financial needs, with consideration and respect for their total relationship with Wells Fargo. Learn more about the career areas and lines of business at wellsfargojobs.com. 

Commercial Real Estate (CRE) delivers a comprehensive platform of financing and banking products for experienced commercial real estate clients, including balance sheet lending, CMBS origination and distribution, loan warehousing, agency financing for multifamily properties, and debt and equity capital for affordable housing.

About this role:

Wells Fargo is seeking a Vice President​, FHA Asset Management Portfolio Manager (Commercial Real Estate Portfolio Management Manager) in CIB as part of our Commercial Real Estate team to support the FHA Asset Management team.

In this role, you will:

• Manage and develop a team of individual contributors with low to moderate complexity and risk in Commercial Real Estate Portfolio Management functional area
• Engage stakeholders and internal partners associated with the Commercial Real Estate Portfolio functional area
• Identify and recommend opportunities for process improvement and risk control development
• Direct and control strategy and execution of the credit quality and performance of a more narrow scope of the commercial real estate assets
• Make decisions and resolve issues regarding resources, objectives, and operations of Commercial Real Estate Portfolio Management functional area and team to meet business objectives
• Interpret and develop policies and procedures for functions with low to moderate complexity within scope of responsibility
• Collaborate and consult with peers, colleagues, and multiple level managers, as well as interact directly with external customers
• Manage allocation of people and financial resources for Commercial Real Estate Portfolio Management
• Mentor and guide talent development of direct reports and assist in hiring talent

Required Qualifications:

• 5+ years of Commercial Real Estate Portfolio Management experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
• 2+ years of leadership experience

Desired Qualifications:

• 5+ years of multifamily mortgage experience, preferably in agency servicing (FHA, Fannie Mae, or Freddie Mac)
• Experience leading a team of Asset Managers, providing guidance, training, and support
• Advanced experience in permanent loan asset management, with responsibility across the full lifecycle post-construction (long-term, 30+ year horizon)
• Proven track record managing complex real estate or CRE loan portfolios, with direct ownership and accountability
• Deep expertise in HUD programs, including: HUD, 221(d)(4), 223(f) and 232 structures, Consent processing, Transfer of Physical Assets (TPA), and Physical Capital Needs Assessments (PCNA)
• Ability to search, compile, and perform analysis on critical operational data
• Ability to work independently and develop strategic recommendations to resolve novel issues and concepts encountered in loan portfolio
• Excellent organizational skills and the ability to multitask while prioritizing workflow to meet production deadlines

 Job Expectations:

• Visa sponsorship is not available
• Ability to travel up to 10% of the time
• This position is subject to FINRA background screening requirements. Candidates must successfully complete and pass a background check prior to hire. In accordance with FINRA rules, individuals who are subject to statutory disqualification are not eligible to be associated with a FINRA-registered broker-dealer. Successful candidates must also meet and comply with ongoing regulatory obligations, which include periodic screening and mandatory reporting of certain incidents.
• Specific compliance policies may apply regarding outside activities or personal investing; affected employees will be expected to provide information to the Wells Fargo Personal Account Dealing Team and abide by applicable policy requirements if hired. Information will be shared about expectations during the recruitment process.

Posting Location:

• 1751 Pinnacle Dr. - Mclean, Virginia 22102

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 unit’s 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, 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.