Job Description
About this role:
Wells Fargo is seeking a Lead Loan Documentation Processor.
Wells Fargo India & Philippines
Wells Fargo India & Philippines (WFIP) enables global talent capabilities for Wells Fargo Bank NA., by supporting over half of Wells Fargo's business lines and staff functions across Technology, Business Services, Risk Services and Knowledge Services. WFIP operates in Hyderabad, Bengaluru and Chennai in India and in Manila, Philippines.
Department Overview
The Business Services team across locations provides processing and voice support and to enable a follow-the-sun delivery model for Wells Fargo that would help us service our customers faster. Business Services teams perform bank operation processes across divisions of WF Home Lending, Wholesale Ops, Wealth & Investment Management (WIM), PVSI & Community banking.
About the Role
6-10 years of experience in all or multiple combination of the following:
Responsible for processing pre and post customer onboarding activities and other data management activities not only restricted to data processing but also include client interaction and ensure accurate data reflected in all the platforms and ensure process compliance during any stage of credit life cycle
Responsibilities
• Technical:
• Preparation of credit agreements, processing post activation activities, verification of data consistency across platforms etc.
• Issue letters with instructions on to how to return collateral if applicable, authorization to reposes and repurchase collateral available for sale and update relevant information in client application
• Generate legal documents based on the information provided by relationship managers
• Ability to work independently on complex issues.
• Interacting and collaborating with all stakeholders with minimum guidance
• Identify controls and mitigate ops loss or near miss scenarios in the process.
• Responsible for process reporting and preparation of dashboards depending on process requirement
• Support collection activities which includes prioritization of accounts depending on delinquency behavior, prediction of delinquency status, and improve overall collection capability
• Includes end to end responsibility of request received from clients
• Operational:
• Should be flexible in switching roles in between Processors/DSO/QC at any point of time during the day/months as per business requirement
• Should be flexible in taking additional responsibilities and ensure smooth execution without compromising on quality and timelines
• Act as a coach or mentor to facilitate learning from experience depending on requirement
• Facilitates communication to resolve problems and advance strategies.
• Works in a diverse, collaborative, team environment meeting established deadlines and assists in achieving goals to meet department objectives and service level agreements.
• Make a significant contribution toward achieving team goals through knowledge and skills.
• Lead or champion efforts to increase productivity and goal accomplishment.
• Make a significant contribution toward achieving team goals through knowledge and skills.
• Facilitates communication to resolve problems and advance strategies
Market Skills and Certifications
Essential Qualifications
MBA Finance or Bachelor's Degree, equivalent
Adequate understanding of credit risk and compliance related activities applicable for credit risk management
• Requires working knowledge and the skills to be able to handle confidential customer information including trailing documents, asset backed security files and documents; contacting appropriate parties as needed
• Ability to navigate multiple computer systems, applications, and utilize search tools to find information
• Able to interpret credit agreements and other credit terminologies
• Should have experience in data management and processing
• Should be familiar with KYC requirement applicable for credit processing
• Should have experience in interpreting and processing credit bureau reports
• Should be able to interpret and process data with accuracy and speed
• Sound knowledge on GAAP Accounting / International Financial Reporting Standards
• Ability to read & analyze financial statements.
• Excellent knowledge of MS office application
• Excellent communication skills
• Should be flexible to stretch as per business requirement
Desired Qualifications
Stakeholders/Client management
• Able to multi-task to accomplish tasks effectively.
• Strong analytic skill, Quick Learner & Attention to detail
• Ability to work quickly & accurately while maintaining acceptable standards of workmanship
• Ability to recognize and escalate to management for any process breaches
• Highly motivated with strong organizational
• Flexibility to work in different shifts
• Ability to succeed in a team environment
We Value Diversity
At 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, ****** 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, age, sex, ****** orientation, gender identity, national origin, disability, or status as a protected veteran.
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
Wells Fargo is seeking a Lead Loan Documentation Processor.
Wells Fargo India & Philippines
Wells Fargo India & Philippines (WFIP) enables global talent capabilities for Wells Fargo Bank NA., by supporting over half of Wells Fargo's business lines and staff functions across Technology, Business Services, Risk Services and Knowledge Services. WFIP operates in Hyderabad, Bengaluru and Chennai in India and in Manila, Philippines.
Department Overview
The Business Services team across locations provides processing and voice support and to enable a follow-the-sun delivery model for Wells Fargo that would help us service our customers faster. Business Services teams perform bank operation processes across divisions of WF Home Lending, Wholesale Ops, Wealth & Investment Management (WIM), PVSI & Community banking.
About the Role
6-10 years of experience in all or multiple combination of the following:
Responsible for processing pre and post customer onboarding activities and other data management activities not only restricted to data processing but also include client interaction and ensure accurate data reflected in all the platforms and ensure process compliance during any stage of credit life cycle
Responsibilities
• Technical:
• Preparation of credit agreements, processing post activation activities, verification of data consistency across platforms etc.
• Issue letters with instructions on to how to return collateral if applicable, authorization to reposes and repurchase collateral available for sale and update relevant information in client application
• Generate legal documents based on the information provided by relationship managers
• Ability to work independently on complex issues.
• Interacting and collaborating with all stakeholders with minimum guidance
• Identify controls and mitigate ops loss or near miss scenarios in the process.
• Responsible for process reporting and preparation of dashboards depending on process requirement
• Support collection activities which includes prioritization of accounts depending on delinquency behavior, prediction of delinquency status, and improve overall collection capability
• Includes end to end responsibility of request received from clients
• Operational:
• Should be flexible in switching roles in between Processors/DSO/QC at any point of time during the day/months as per business requirement
• Should be flexible in taking additional responsibilities and ensure smooth execution without compromising on quality and timelines
• Act as a coach or mentor to facilitate learning from experience depending on requirement
• Facilitates communication to resolve problems and advance strategies.
• Works in a diverse, collaborative, team environment meeting established deadlines and assists in achieving goals to meet department objectives and service level agreements.
• Make a significant contribution toward achieving team goals through knowledge and skills.
• Lead or champion efforts to increase productivity and goal accomplishment.
• Make a significant contribution toward achieving team goals through knowledge and skills.
• Facilitates communication to resolve problems and advance strategies
Market Skills and Certifications
Essential Qualifications
MBA Finance or Bachelor's Degree, equivalent
Adequate understanding of credit risk and compliance related activities applicable for credit risk management
• Requires working knowledge and the skills to be able to handle confidential customer information including trailing documents, asset backed security files and documents; contacting appropriate parties as needed
• Ability to navigate multiple computer systems, applications, and utilize search tools to find information
• Able to interpret credit agreements and other credit terminologies
• Should have experience in data management and processing
• Should be familiar with KYC requirement applicable for credit processing
• Should have experience in interpreting and processing credit bureau reports
• Should be able to interpret and process data with accuracy and speed
• Sound knowledge on GAAP Accounting / International Financial Reporting Standards
• Ability to read & analyze financial statements.
• Excellent knowledge of MS office application
• Excellent communication skills
• Should be flexible to stretch as per business requirement
Desired Qualifications
Stakeholders/Client management
• Able to multi-task to accomplish tasks effectively.
• Strong analytic skill, Quick Learner & Attention to detail
• Ability to work quickly & accurately while maintaining acceptable standards of workmanship
• Ability to recognize and escalate to management for any process breaches
• Highly motivated with strong organizational
• Flexibility to work in different shifts
• Ability to succeed in a team environment
We Value Diversity
At 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, ****** 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, age, sex, ****** orientation, gender identity, national origin, disability, or status as a protected veteran.
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
💡 Quick Summary
Seeking a career-building opportunity? The Lead Loan Documentation Processor position is now open for candidates interested in the Bank Jobs sector. This role in Hyderabad offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
