About this role:Wells Fargo is seeking a Markets Counterparty Credit Associate for its CIB Markets Counterparty Credit Management (CCM) team. CCM sits within the Corporate & Investment Banking (CIB) Markets Division and is the front line credit team responsible for underwriting, grading, and ongoing monitoring of counterparty credit exposure with certain institutional client types - mostly non-bank financial institutions such as asset managers and regulated funds, hedge funds, private equity funds, CCPs, GSEs, broker-dealers, mortgage REITs, mortgage originators, and municipalities. This role is in CCM's Leveraged Funds team, with a focus on hedge funds and private equity funds managed by U.S. alternative asset managers and supporting traded products in CIB Markets that generate counterparty credit risk.
In this role, you will:- Focus on counterparty credit for hedge funds and private equity funds, in supporting a range of traded products. This business activity may include, but is not limited to: prime brokerage, futures & OTC clearing, bilateral derivatives, foreign exchange, repo, securities financing, and secondary loan trading.
- Conduct due diligence with alternative asset managers, writing initial and annual credit reviews, setting and recommending credit limits for approval, monitoring client financials, approving bespoke trades and/or margin levels, monitoring margin calls, and escalating concerns to senior risk managers and business leaders.
- Support senior CCM portfolio managers in credit coverage for leveraged funds, including due diligence preparation, participation in client calls, drafting internal credit memos, inputting financial data and tracking covenant compliance, and inputting credit limits in firm systems.
- Contribute to various CCM portfolio management tasks, including financial covenant tracking, portfolio reviews, periodic exposure monitoring, and policies & procedures.
- Have a significant amount of external client contact and interaction with internal business partners in both the CIB Markets Division and Independent Risk Management, seeking an appropriate balance between assisting front line businesses with obtaining counterparty credit approvals, while also making sound risk decisions commensurate with the firm's risk management framework.
- Review and research less complex business challenges that require evaluation of multiple factors and collaboration with manager, peers, and various partner groups to meet deliverables.
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:- Knowledge of capital markets and counterparty credit risk, including the major financing and OTC traded products
- 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
- Demonstrated commitment to risk management and core values of the organization
- BS/BA degree or higher
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.
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.
$87,000.00 - $168,000.00
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:11 Sep 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.
