Senior Lead CIB Portfolio Manager - Executive Director, Sponsors Portfolio Management

Wells Fargo•New York, NY

3d•$191,000 - $305,000•Onsite

About The Position

Corporate & Investment Bank (CIB) delivers a comprehensive suite of banking, capital markets and advisory solutions, including a full complement of sales, trading and research capabilities, to corporate, government and institutional clients. We focus on our clients' overall financial needs, with consideration and respect for their total relationship with Wells Fargo. Wells Fargo is seeking a Senior Lead CIB Portfolio Manager to join the Sponsors Portfolio Management team supporting Wells Fargo’s growing Financial Sponsor business. The team partners with Financial Sponsors Group, Leverage Underwriting, Industry Coverage and Risk Management to oversee execution of credit related functions and portfolio oversight comprised of portfolio company exposures across Technology, Media and Telecom, Industrials, Healthcare, Financial Institutions, and Consumer and Retail.

Requirements

7+ years of Experience in CIB Portfolio Management, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Registration for Securities Industry Essentials (SIE) exam must be completed within 90 days of hire date if it is not available for transfer upon hire. FINRA recognized equivalents will be accepted
Registration for FINRA Series 63 (or 66) must be completed within 90 days of hire date if it is not available for transfer upon hire. FINRA recognized equivalents will be accepted
Registration for FINRA Series 7 (or 79) must be completed within 90 days of hire date if it is not available for transfer upon hire. FINRA recognized equivalents will be accepted
Candidates must successfully complete and pass a background check prior to hire. In accordance with FINRA rules, individuals who are subject to statutory disqualification are not eligible to be associated with a FINRA-registered broker-dealer. Successful candidates must also meet and comply with ongoing regulatory obligations, which include periodic screening and mandatory reporting of certain incidents.
Specific compliance policies may apply regarding outside activities or personal investing; affected employees will be expected to provide information to the Wells Fargo Personal Account Dealing Team and abide by applicable policy requirements if hired. Information will be shared about expectations during the recruitment process.

Nice To Haves

CIB Portfolio Management experience, experience with leveraged lending, experience with Sponsor Portfolio management
Ability to make timely and independent judgment decisions while working in a fast-paced and results-driven environment
Ability to navigate within a large and complex organization
Experience building partnerships and consulting effectively with leadership
Strong communication and presentation skills
Strong credit and technical skills

Responsibilities

Manage and oversee credit aspects of a broad portfolio of sponsor-owned portfolio companies across multiple industries
Complete detailed credit, financial statement analysis, industry analysis and projection modeling to ensure accurate and timely monitoring, risk rating, covenant compliance, watchlist updates, and recognition of potential problems loans of leveraged credit portfolio
Partner with Leverage Underwriting and Financial Sponsors Group to execute on final credit memos and loan documentation
Provide high-touch portfolio monitoring, trending & analytics and aggregate reporting. Provide and present portfolio updates as needed to senior leadership, risk management and coverage partners
Lead coordination and execution of loan booking, closing, legal documentation and compliance requirements
Partner with Financial Sponsors Group, Corporate Banking Relationship Management and Industry Bankers to support client coverage needs related to credit products. Lead credit analysis support and execution to grow relationships through products such as rates/FX/operating exposure for cash management. Engage with clients as needed
Assist with credit process for refinancings and amendments, as needed, in partnership with Sponsor Coverage and Leveraged Underwriting
On-going coordination and partnership with Sponsor Independent Risk Management related to borrower and/or portfolio needs
Assist with coordination and preparation for borrower/portfolio reviews and responses for internal and external exams
Train and mentor team of Associates and Analysts
Responsible for adherence to all Wells Fargo credit policies and procedures. Review and interpret credit policies and procedures and incorporate requirements into credit analysis, observations and lending recommendations