Senior Manager, Bank Credit Strategy & Factoring

About the Role/Team:

WEX is seeking a strategic and experienced Senior Manager to lead our bank's Credit Strategy and Policy framework and oversee all aspects of our Factoring Credit Underwriting operations. Reporting directly to the Chief Credit Officer (CCO), this pivotal role is instrumental in advancing the bank's factoring risk capabilities, optimizing credit processes, and driving operational excellence.

You will provide essential leadership and performance oversight to a team of underwriters, shaping the bank's risk appetite and ensuring the health of our commercial portfolio. This is a unique opportunity to make a significant impact on our credit risk function at an enterprise level.

Location Requirements: This is a US Remote position. The ideal candidate will be based in Midvale, Utah, but we will consider highly qualified candidates in the following metropolitan areas: Dallas, TX; Washington, D.C.; San Francisco Bay Area, CA; Chicago, IL; New York, NY; Seattle, WA; and Portland, ME.

What You'll Do:

Factoring Credit Management & Leadership:

• Spearhead the daily operations of the factoring credit team, optimizing resource planning and workload distribution to ensure peak performance.

• Proactively monitor the health of the factoring portfolio through diligent analysis of key risk indicators (KRIs), including charge-offs, delinquencies, and exception trends.

• Establish and report on team productivity metrics, underwriting consistency, and decision quality to senior leadership.

• Guarantee all factoring credit activities adhere strictly to Board-approved policies and regulatory standards.

• Forge strong partnerships with business development teams to support sustainable portfolio growth while mitigating risk.

• Develop and mentor a high-performing team, fostering consistent application of credit policy, sound decision-making, and continuous professional growth.

Enterprise Credit Strategy & Policy:

• Architect and govern the bank's credit risk policies across all products and business lines, ensuring they are robust, well-documented, and aligned with our strategic objectives.

• Drive the design and implementation of critical credit policy changes in support of new product launches, strategic initiatives, and the bank's evolving risk appetite.

• Act as the subject matter expert on credit policy, providing clear guidance and comprehensive training across the organization to ensure enterprise-wide understanding and adherence.

• Conduct sophisticated analysis of macroeconomic trends and internal portfolio performance to proactively identify emerging credit risks and recommend strategic adjustments.

• Prepare and deliver insightful presentations on policy updates and credit trends to the Credit Committee and other senior stakeholders.

What You'll Bring:

• Bachelor's degree in Finance, Accounting, Business, or a related field is preferred; extensive relevant experience will be considered.

• 10+ years of progressive experience in Factoring, Commercial Credit Risk, or Underwriting.

• 5+ years of direct people management experience, with a proven ability to lead credit or operational teams.

• 5+ years of dedicated experience in Credit Risk Analysis and Policy Management (Commercial and Consumer preferred).

Knowledge & Abilities:

• Deep subject matter expertise in factoring, commercial lending products, credit systems, and modern risk management frameworks.

• Proven expertise in developing and implementing credit policy, conducting portfolio analysis, and managing performance KPIs.

• Strong command of applicable banking laws, credit regulations, and operational risk factors within the factoring market.

• Demonstrated ability to exercise independent risk judgment while building effective and collaborative business partnerships.

• Experience leveraging third-party credit data from vendors such as D&B, Equifax, and Experian.

Technical & Interpersonal Skills:

• Technical Proficiency: High proficiency in Microsoft Office Suite (especially Excel), G-Suite, and Windows OS.

• Preferred Systems Experience: Hands-on experience with platforms such as PeopleSoft, Cadence/ProfitStars, Moody's, Tableau, or SAS is a strong plus.

• Communication: Exceptional ability to communicate clearly and persuasively in complex and high-stakes situations.

Leadership:

• Proven ability to build influential relationships with senior leaders, peers, clients, and vendors, acting with strong judgment and self-direction.