Executive Director, Head of Credit Loan Closing

Wells Fargo•Charlotte, NC

2d•Onsite

About The Position

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. Markets provides solutions to clients with the means to manage their exposure through various derivatives, lending and cash products across Structured Products Group, Rates, Equities, Foreign Exchange, Municipal Products Group, Credit Sales & Trading. Credit Sales & Trading (CS&T) supports Wells Fargo’s origination franchise and acts as an active market maker and liquidity provider for our institutional clients and also provides a complete product offering across the full credit spectrum. 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.

Requirements

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
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.
Ability to travel as needed
Willingness to work on-site in accordance with current office requirements
Ability to work additional hours as needed
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.
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

Nice To Haves

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

Responsibilities

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.

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