Commercial Banking – Regulatory Data Remediation - Loan Processing/Documentation Consultant

About this role:

Wells Fargo is seeking a Data Management Analyst.

In this role, you will:

• Participate in less complex analysis to identify and remediate data quality or integrity issues and to identify and remediate process or control gaps

• Adhere to data governance standards and procedures

• Identify data quality metrics and execute data quality audits to benchmark the state of data quality

• Design and monitor data governance, data quality and metadata policies, standards, tools, processes, or procedures to ensure data control and remediation for companywide data management functions

• Support communications with basic documentation related to requirements, design decisions, issue closure, or remediation updates

• Support issue remediation by performing medium risk data profiling, data or business analysis, and data mapping as part of root cause or impact analysis

• Provide support to regulatory analysis and reporting requirements

• Recommend plans for the development and implementation of initiatives that assess the quality of new data sources

• Work with business and technology partners or subject matter professionals to document or maintain business or technical metadata about systems, business or data elements, or data-related controls

• Consult with clients to assess the current state of data quality within area of assigned responsibility

Required Qualifications:

• 2+ years of Data Management, Business Analysis, Analytics, or Project Management experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:

• 6+ years of experience in Commercial Banking & Lending Loans processing

• Experience in various Analytics methodologies and platforms 

• Advanced Excel (VLOOKUP’s, Macros etc.) and dexterity with large data sets

• Past experience, training or license as contract attorneys, legal professionals, and contract translator is an added advantage in the role

• Understanding of banking regulations and compliance requirements to ensure data controls meet policy & legal standards.

• Outstanding problem solving and analytical skills with ability to turn findings into strategic imperatives

• Ability to work effectively in a team environment and across all organizational levels, where flexibility, collaboration, and adaptability are important

• Ability to take initiative and work independently with minimal supervision in a structured environment

• Demonstrated experience in deploying enterprise-wide Analytics projects for Global 500 companies is desirable

• Ability to present and discuss information in a manner that persuades, educates, and enhances understanding at all levels

• Significant experience working closely with senior and executive leadership.

• Strong collaborator and empathetic listener who works with diverse groups to solicit multiple perspectives.

• Possesses executive presence, high energy, ability to manage complexity and a broad scope of daily work activities and stakeholders.

• Strong analytical and critical thinking skills, combined with strategic business focus and vision.

• Ability to execute in a fast-paced, high-demand, environment while balancing multiple priorities.

• Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment.

• Ability to translate and summarize complex data into understandable, actionable information and recommendations.

• Proven change management & process improvement experience

• Excellent written, verbal & inter-personnel communication skills

Job Expectations:

The incumbent will be part of the remediation team that is expected to review and extract key meta data and contractual terms from Credit Facilities (Loan) Documentation (Legal & Contractual) and compare the same with existing captured data in the system of record (SoR)/ respective loan management system(s) with the purpose of identifying material differences or inconsistences amongst the data sets. 

In this role, the incumbent will perform a combination or all the following in the course of Contract validation:

• Facilitate fulfillment of source document requests within agreed SLAs

  • Coordinating with WLO/ upstream teams to source document for Credit Facilities under review

  • Coordinate with contacts across SORs to identify and map the appropriate POCs pertaining to specific document requests.

  • Direct pulls of source documents from ICMP, Filenet, and potential SOOs/SORs as needed.

  • Work with requestors to ensure the document requests are complete and accurate.

  • Source document collection management/ facilitation and organization

  • Recommend enhancements to document collection processes/ procedures.

• Transaction Testing

  • Conduct Contract Validation & Analysis of the Contract Analytics output

  • Identifies Document Defects & Legal Interpretations issues.

  • Compare Terms and Critical Data Elements between source documentation to reported values in SoRs

  • In-depth review and interpretation of terms in source documentation to validate reported values

  • Peer Review and Analytics Building Feedback

• Other Responsibilities

  • Build Subject Matter Expertise through training, experience, and learnings on the job, while leveraging prior experience.

  • Builds Contract Analysis Artifacts, Reporting, Training and Governance practice

  • Act as the point of Escalation for Legal & Contractual Terms Interpretation and trains Analysts

  • Establish Quality Control framework and demonstrate regular and ongoing compliance

  • Establish robust and insightful reporting to monitor, track, and report performance (KPIs & KRIs)

  • Identifies patterns and trends for efficiency generation and innovation

  • Track and record communications (verbal or written) in specified templates

  • Continuously document lessons learned and build knowledge repository

  • Own, maintain and recommend, from time to time, enhancements to process documentation and procedures (SOP)