About this role:Wells Fargo is seeking a Lead CIB Portfolio Manager for FIG Banks, part of the Corporate and Investment Banking division. As a Lead CIB Portfolio Manager, you will be part of a dynamic and growing group and will gain experience working with the senior portfolio managers within FIG industry vertical. The Portfolio Manager will partner with Relationship Managers, Industry Coverage and Risk Management to oversee execution of credit related functions and portfolio support for Banks and bank-like institutions of varying size and complexity located across North America. The position will provide broad product experience across the whole range of interbank traded products, with much of the focus on initiating coverage and onboarding new counterparties, where speed of execution is a key factor, but equally sound counterparty credit judgement.
Responsibilities include:- Assessing counterparty credit risk and determining an internal rating to reflect Probability of Default using a combination of scorecard tools and expert judgment.
- Working closely with the marketers to determine the optimal transaction structure and documentation to fit customer requirements, while minimizing credit risk and capital utilization, including use of collateral.
- FIG Banks Portfolio Managers are expected to be involved in determining the risk-adjusted returns on capital and overall cost/benefit to the overall relationships.
- Present recommendations for more complex transactions to senior Portfolio Managers and risk partners, exercising independent judgement while developing expertise in the function, policies, procedures, and compliance requirements.
- Policing limit breaches with the traders and working to resolve underlying technical and reporting faults.
- Timely and accurate preparation of written analysis of banks and other financial institutions in assigned markets. This includes extensive financial statement analysis of individual institutions and comparison to other peer institutions.
- Timely market surveillance of external factors affecting counterparty credit exposures and credit worthiness. This involves maintaining up to date credit files for assigned accounts.
- Frequent client contact representing the bank in developing and maintaining relationships with clients, carrying out credit due diligence, or partnering with the trading desks on specific products and strategies, including new cross-sell opportunities.
- Contribute to and lead credit focused projects, partnering with Portfolio Managers, Corporate Banker Relationship Management, Analysts, and Associates. Engage with internal and external auditors and examiners and assist with the preparation of internal and external exam processes.
- Train and mentor junior talent.
- Responsible for adherence to all Wells Fargo credit policies and procedures. Review and interpret credit policies and procedures and incorporate requirements into credit analysis, risk assessments, and risk and rating recommendations.
- Prepare and present updates on loan portfolio and Banks trends to senior leadership, risk management, and coverage partners.
Required Qualifications:- 5+ years of Experience in CIB Portfolio Management, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education.
Desired Qualifications:- Demonstrated expertise in banks' credit risk assessment and underwriting standards, with broad knowledge of market-traded products and counterparty credit exposure.
- Background in either Market risk or Counterparty Credit
- Experience in corporate banking portfolio management and underwriting.
- A BS/BA degree or higher in business administration, finance, or accounting.
- Strong analytical skills with high attention to detail and accuracy.
- Excellent verbal, written, and interpersonal communication skills.
- Strong organizational, multi-tasking, and prioritizing skills.
- Ability to work in a fast-paced, deadline-driven environment.
- Ability to work effectively in a team environment.
- Experience with serving as a peer mentor while training and developing less tenured colleagues.
- History of exercising sound judgment and making timely decisions in a fast-paced and results-driven environment.
Job Expectations:- Position will require onsite presence from any of the required locations listed
- This position is not eligible for Visa sponsorship
- Relocation assistance is not available for this position
- 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 CRF 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.
Pay RangeReflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to achievements, skills, experience, or work location. The range listed is just one component of the compensation package offered to candidates.
$120,400.00 - $250,000.00
Benefits Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit Benefits - Wells Fargo Jobs for an overview of the following benefit plans and programs offered to employees.
- Health benefits
- 401(k) Plan
- Paid time off
- Disability benefits
- Life insurance, critical illness insurance, and accident insurance
- Parental leave
- Critical caregiving leave
- Discounts and savings
- Commuter benefits
- Tuition reimbursement
- Scholarships for dependent children
- Adoption reimbursement
Posting End Date:26 Jun 2025
* Job posting may come down early due to volume of applicants. We Value Equal OpportunityWells Fargo is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.
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.
Applicants with DisabilitiesTo request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo .
Drug and Alcohol PolicyWells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.
Wells Fargo Recruitment and Hiring Requirements:a. Third-Party recordings are prohibited unless authorized by Wells Fargo.
b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.
