CIB Portfolio Manager (Associate Level)

About this role:

Wells Fargo is seeking a CIB Portfolio Manager (Associate level) for its CIB Markets Counterparty Credit Management (CCM) Underwriting and Portfolio Management team. This role sits within the Corporate & Investment Banking (CIB) Markets Division and is part of the front line team responsible for underwriting, grading, and ongoing monitoring of certain institutional client types, mostly non-bank financial institutions such as Broker Dealers, Mortgage REITs, mortgage originators, CCPs, GSEs, and municipalities, as well as regulated funds, hedge funds, and private equity funds, with the focus on entities that transact with the CIB Markets Division.  

In this role, you will:

• Take responsibility for underwriting, grading, and risk managing a portfolio of non-bank financial institutions that are active in capital markets trading with various affiliates of Wells Fargo
• Participate in recommending credit limits for capital markets trading businesses, negotiating master documentation, escalating limit exceptions, and reacting to the credit quality of assigned sector(s)
• Identify opportunity for process improvements within scope of responsibilities or functional area
• Review and identify basic operational assignments that require research, evaluation, and selection of alternatives while exercising independent judgement to guide medium risk deliverables
• Receive direction from supervisor and exercise judgment while developing understanding of functions, policies, procedures, and compliance requirements
• Provide information to managers, functional colleagues and stakeholders

Required Qualifications:

• 2+ years of CIB Portfolio Management experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:

• 2+ years of credit risk experience in a financial institution
• Experience with non-bank financial institutions
• Knowledge of capital markets and counterparty credit risk, including the major financing and OTC traded products
• Experience with Prime Brokerage, FCM, Repo, Foreign Exchange, and other financing or clearing businesses
• Strong written and verbal communication skills
• Strong analytical skills with high attention to detail
• Ability to execute in a fast paced, high demand environment while balancing multiple priorities
• Knowledge of and experience with negotiating credit points in master trading legal documentation (ISDA, MRA, PBCA, FCSA, etc.)
• Experience with financial statement analysis
• Ability to partner with a wide range of colleagues including sales, trading, legal, market risk, counterparty credit risk, and operations teams
• Demonstrated commitment to risk management and core values of the organization
• Personal ability to understand and operate successfully in a complex, heavily matrixed corporate environment
• A BS/BA degree or higher in business administration, economics, finance, or related field

Job Expectations:

• Ability to travel up to 10% or as needed

• This position is subject to FINRA Background Screening Requirements, including successful completion and clearing of a background check. Internal transfers are subject to comply with 17 CFR 240.17f-2 of the Securities Exchange Act of 1934 and FINRA Bylaws, Article III, Section 3, which states that Associated Persons should not be subject to statutory disqualification. Successful candidates must also meet ongoing regulatory requirements including additional screening and are required to report certain incidents.

Posting End Date: 

16 Mar 2025

*Job posting may come down early due to volume of applicants.

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, sexual 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 (Cred