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Wells Fargo

Diversified financial services: banking, lending, investments

Joint Venture General Manager

Full-TimeUpdated on 10/20/2026Deadline 10/31/26
$175k - $279k+ Sales incentives + Discretionary bonuses + Restricted stock units
Senior
Medina, MN, USA
In PersonRelocation assistance may be available for the right candidate. On-site work in Medina is required.
Finance & BankingRetail & Commercial Banking
No H1B Sponsorship

About the job

Requirements
  • At least 7 years of secured and/or specialized lending relationship management, portfolio management, or leadership experience, or equivalent demonstrated through work experience, training, military experience, or education.
  • At least 3 years of management or leadership experience.
  • Willingness to work on-site in one of the listed locations.
Responsibilities
  • Serve as a trusted relationship leader for Wells Fargo, Polaris, and JV executives, maintaining alignment on strategic priorities, performance expectations, and emerging opportunities.
  • Lead quarterly Board meetings and ad-hoc executive discussions, presenting perspectives on JV performance, key issues, strategic alternatives, and recommended actions.
  • Oversee accounting-related functions and provide strategic guidance on audit and tax activities related to the JV structure.
  • Lead development and communication of monthly financial forecasts in alignment with Polaris corporate planning.
  • Develop and present the Long-Range Plan forecast, ensuring alignment with strategic growth objectives.
  • Manage pricing strategies, including monthly pricing outlooks and biannual rate resets.
  • Provide strategic oversight of new deal onboarding and guide resolution of escalated transactions.
  • Review the weekly deal pipeline and collaborate with Polaris to address at-risk dealer relationships.
  • Participate in watchlist dealer calls to advise Polaris on potential notification or corrective actions.
  • Ensure accurate rates, terms, and operational processes in alignment with original equipment manufacturer and dealer pricing structures.
  • Partner with the Portfolio Manager to manage held orders, pre-sold units, and credit line utilization.
  • Maintain internal controls to monitor issues such as duplicate serial numbers, delayed shipments, or escalation triggers.
  • Support global JV relationship activities and coordination as needed.
  • Maintain and update the global repurchase cap in partnership with Underwriting.
  • Assist Underwriting with annual Polaris reviews and internal risk management processes.
  • Determine strategy and actions for the functional area to meet high-risk deliverables, and interpret and develop moderately complex policies and procedures within the scope of responsibility.
  • Develop and guide a culture of talent development to meet business objectives and strategy, building and maintaining effective relationships with existing clients within the relevant products or functional area and sharing relevant information with coverage team partners.
  • Lead a team in reviewing and analyzing moderately to highly complex and strategic client portfolios for key issues related to cash flow, liquidity, and leverage.
  • Interact directly with external clients on individual deals and client relationships, and develop a team that anticipates and understands clients’ businesses, strategic objectives, operational priorities, and financial positions to identify opportunities for modifications, renewals, and refinancings.
  • Manage a team and provide leadership for moderately to highly complex modifications, renewals, and refinancings, including assessing financial positions and risk levels for prospective and existing clients.
  • Collaborate with and influence professionals at all levels, including senior managers, to lead strategy and resolve complex scenarios by synthesizing industry and economic trends, legal and regulatory issues, and regular portfolio reviews; manage risk and lead problem-loan resolutions where applicable.
  • Ensure portfolio setup and management comply with applicable credit policies and compliance requirements, and prepare for periodic internal and external audits.
  • Partner with product management functional partners to provide vision, leadership, and industry expertise on evolving market needs, leading cross-functional process improvements and risk-control development.
  • Provide leadership and expertise on multifaceted issues to multiple levels of management, lead a team implementing significant solutions and new product initiatives, and influence financial operations.
  • Manage allocation of people and financial resources to meet commitments and align with strategic objectives for the area of responsibility.
  • Meet applicable risk-program, policy, procedure, compliance, escalation, remediation, and sound-risk-decision obligations.
Desired Qualifications
  • Strong executive communication and presentation skills.
  • Ability to lead cross-functional projects and collaborate with senior stakeholders.
  • Experience with forecasting, audit, tax, and compliance within a corporate finance function.
  • Knowledge of original equipment manufacturer and dealer networks.

About the company

Wells Fargo offers a broad range of banking, mortgage, investing, credit card, and wealth and commercial services in the United States. Its products work through a network of branches, ATMs, and digital platforms, combining everyday banking with lending, investment products, and advisory services. The company differentiates itself with a large nationwide branch presence, a wide mix of financial services under one roof, and a focus on secure, user-friendly technology. Its goal is to help customers manage, protect, and grow their money by providing trusted, accessible financial solutions.

Company Size

10,001+

Company Stage

IPO

Headquarters

San Francisco, California

Founded

1851

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Simplify's Take

What believers are saying

  • July 2026 second-quarter revenue rose 9% to $22.6 billion, beating estimates.
  • July 2026 investment banking fees jumped 35% to $939 million, showing capital-markets momentum.
  • 2026 card accounts grew 20% and commercial loans 12%, expanding fee and interest income.

What critics are saying

  • January 2026 severance costs hit $612 million after 5,600 layoffs, signaling ongoing restructuring.
  • CFPB’s 2022 $3.7 billion order keeps auto, mortgage, and deposit misconduct damage alive.
  • One OCC AML enforcement action remains; another control failure triggers fresh penalties and leadership scrutiny.

What makes Wells Fargo unique

  • June 2025 Fed lifted Wells Fargo’s $1.95 trillion asset cap, restoring balance-sheet growth.
  • May 2026 Advisor Gateway gave 200-plus tools and BlackRock Aladdin analytics to wealth advisors.
  • Wells Fargo still owns a top-tier U.S. branch franchise and $2.2 trillion wealth platform.

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Benefits

  • Health Insurance
  • 401(k) Retirement Plan
  • Paid Vacation
  • Paid Sick Leave
  • Parental Leave
  • Disability Insurance
  • Life Insurance
  • Tuition Reimbursement
  • Commuter Benefits
  • Adoption Assistance

Company News

Kalkine
Oct 15th, 2026
Shoe Station extends $100M credit facility to 2031, lifts payout basket to $40M

Shoe Station Group (NASDAQ:SHOE) has extended the maturity of its $100 million revolving credit facility to October 15, 2031. The company disclosed the amendment in a Form 8-K filing on October 15, 2026. Wells Fargo Bank, National Association is the administrative agent. Revolving loans will bear interest at either a Base Rate plus 0.00% to 1.00%, or Adjusted Term SOFR plus 1.00% to 2.00%, depending on the company's leverage ratio. The amendment removes a 0.10% credit spread adjustment from the SOFR definition. The annual restricted-payment basket rises to $40 million. The company may also take on up to $35 million of debt secured by property for its corporate headquarters, and may carry out certain sale-leasebacks involving real property in Evansville, Indiana.

Associated Press
Oct 15th, 2026
Wells Fargo hires BBVA's Cayetano Gea-Carrasco as head of AI and data for consumer banking

Wells Fargo has hired Cayetano Gea-Carrasco as head of AI and data for Consumer Banking and Lending. He will be based in San Francisco and report to Saul Van Beurden, head of Enterprise AI and co-chief executive officer of the unit. Gea-Carrasco will oversee the full lifecycle of AI use cases, simplify the data environment, and speed up responsible AI delivery. He will also work with the Enterprise AI team to scale solutions across the bank. He joins from BBVA, where he led enterprise AI transformation and its global data and analytics organisation. He previously spent 15 years at Moody's. "Cayetano understands how strong data and disciplined execution turn AI into better customer experiences," said Van Beurden.

CNBC
Oct 14th, 2026
Cramer: bank stocks fell despite strong earnings, but he sees buying chances in Wells Fargo and Goldman

All six major US bank stocks fell after third-quarter earnings, even as several banks posted strong results. CNBC's Jim Cramer said investors are worried about persistent inflation, rising interest rates, and shaky capital markets. Citigroup revenue grew 8%, its best third quarter in a decade, yet shares dropped 5.6%. Goldman Sachs beat estimates, with investment banking fees up 21%, but its stock finished lower. Bank of America missed expectations and faced a $1.2 billion regulatory penalty; shares fell roughly 5%. Cramer sees buying opportunities. His Charitable Trust upgraded Wells Fargo and Goldman Sachs to buy-equivalent ratings.

Yahoo Finance
Oct 14th, 2026
Big banks' Q3 dealmaking fees hit $8.47B, up 15%, but deals "delayed rather than canceled

Four of Wall Street's biggest banks reported third quarter dealmaking fees of $8.47 billion, up 15% from a year earlier but down 7.5% from a banner second quarter. Goldman Sachs, JPMorgan Chase, Citigroup, and Wells Fargo said activity remains strong despite market volatility and higher borrowing costs. JPMorgan chief financial officer Jeremy Barnum said deals were "delayed rather than canceled" after a slowdown in late September, when volatility widened the gap between what buyers and sellers would accept. Goldman's fees rose 22% to $3.2 billion, led by record M&A advisory revenue. Wells Fargo's rose to $894 million, and Citigroup's rose 9% to $1.35 billion. Goldman chief executive officer David Solomon said some companies postponed initial public offerings (IPOs) in September rather than accept valuations 10% to 15% lower.

Yahoo Finance
Oct 13th, 2026
JPMorgan misses forecasts despite $15.3B profit as big US banks warn on rates and inflation

Four of the biggest US banks reported higher third-quarter profits on Tuesday, but warned that higher interest rates and inflation could hurt consumers and the economy. JPMorgan Chase, the largest US bank by assets, earned $15.3 billion, or $5.57 a share, up from $14.4 billion a year earlier. It missed analyst forecasts of $5.93 a share, its first miss in nearly three years. Goldman Sachs posted a profit of $5.29 billion, up from $4.1 billion, as equities revenue jumped 72%. Wells Fargo earned $5.95 billion and beat forecasts, while Citigroup's profit rose 40%. JPMorgan chief executive officer Jamie Dimon cited "large fiscal deficits, sticky inflation, elevated asset prices, rising interest rates and geopolitical conditions.