CIB Markets Counterparty Credit Management (CCM) Lead Portfolio Manager

Wells Fargo Bank•New York, NY

24d

About The Position

About this role: Wells Fargo is seeking a Lead CIB Portfolio Manager (Vice President level) 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 Regulated Funds team, with a focus on regulated funds managed by U.S. registered investment advisors, as well as pension plans, supporting traded products in CIB Markets that generate counterparty credit risk. In this role, you will: Focus on counterparty credit for regulated funds managed by U.S. registered investment advisors, as well as pension plans, supporting a range of traded products. This business activity may include, but is not limited to: foreign exchange, repo, securities trading, futures & OTC clearing, bilateral derivatives, securities lending & borrowing, prime brokerage, and secondary loan trading. Conduct due diligence with regulated investment advisors, writing initial and annual credit reviews, setting and recommending credit limits for approval, monitoring client financials, approving bespoke trades, monitoring margin calls, and escalating concerns to senior risk managers and business leaders. Serve as primary credit coverage for a portfolio of regulated fund counterparties. Negotiate key credit terms in master trading agreements with regulated funds, working with internal groups and senior managers for escalation and approval where necessary. Contribute to various CCM portfolio management tasks, portfolio reviews, periodic exposure monitoring, and policies & procedures. Have a significant amount of 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. Make decisions in complex and multi-faceted situations requiring strong understanding of the functions; products; industry sectors; risk attributes; policies; procedures; constituent, financial, and legal documents; and compliance requirements that influence and lead the broader work team to meet deliverables and drive new initiatives.

Requirements

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

Nice To Haves

5+ years of experience in capital markets and counterparty credit risk, including the major financing and OTC traded products
Advanced aptitude with negotiating credit points in primary master trading legal agreements (ISDA, MRA, MSFTA, PB and FCM, etc.)
Strong written and verbal communication skills
Strong analytical skills with high attention to detail
Understanding of leveraged ETF's
Ability to execute in a fast paced, high demand environment while balancing multiple priorities
BS/BA degree in a related field

Responsibilities

Focus on counterparty credit for regulated funds managed by U.S. registered investment advisors, as well as pension plans, supporting a range of traded products.
Conduct due diligence with regulated investment advisors, writing initial and annual credit reviews, setting and recommending credit limits for approval, monitoring client financials, approving bespoke trades, monitoring margin calls, and escalating concerns to senior risk managers and business leaders.
Serve as primary credit coverage for a portfolio of regulated fund counterparties.
Negotiate key credit terms in master trading agreements with regulated funds, working with internal groups and senior managers for escalation and approval where necessary.
Contribute to various CCM portfolio management tasks, portfolio reviews, periodic exposure monitoring, and policies & procedures.
Have a significant amount of 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.
Make decisions in complex and multi-faceted situations requiring strong understanding of the functions; products; industry sectors; risk attributes; policies; procedures; constituent, financial, and legal documents; and compliance requirements that influence and lead the broader work team to meet deliverables and drive new initiatives.