Apply on Employer Site

Wells Fargo · 1 day ago

Vice President, Corporate Banking Portfolio Manager - Banks

Charlotte, NC

Full-time

Onsite

Mid, Senior Level

$175K/yr - $200K/yr

5+ years exp

Wells Fargo is seeking a Vice President, Lead CIB Portfolio Manager for FIG Banks, part of the Corporate and Investment Banking (CIB) division. In this role, you will oversee execution of credit related functions and portfolio support for International Banks and bank-like institutions, focusing on credit risk assessment and relationship management.

BankingFinancial ServicesFinTechInsurancePayments

Responsibilities

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 relationship

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 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

Qualification

CIB Portfolio ManagementCredit Risk AssessmentUnderwriting StandardsMarket-Traded ProductsFinancial Statement AnalysisAnalytical SkillsJudgmentCommunication SkillsOrganizational SkillsTeamworkMentoring

Required

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

Preferred

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