Senior Lead CIB Portfolio Manager (Req #001669)

Wells Fargo Bank•New York, NY

13d•Hybrid

About The Position

Wells Fargo Securities, LLC is hiring a Senior Lead CIB Portfolio Manager in New York, NY. The position underwrites counterparty credit for leveraged funds and specialized businesses, oversees and manages asset managers, and provides guidance on developing counterparty credit for leveraged-fund trading and financing. It also oversees credit-risk mitigation and maintenance. The role conducts counterparty credit analysis of traditional hedge funds and private equity funds in capital markets and wholesale sales and trading. It oversees trade approvals, initial and annual credit reviews, ongoing monitoring of counterparty quality and exposures, and due diligence for hedge-fund clients. The position prepares credit packages and reviews, supports underwriting across a range of counterparty traded products, sets and approves credit limits, monitors client financials and margin calls, approves bespoke trades and margin levels, and escalates concerns to senior risk managers and business leaders. The Portfolio Manager works with external clients and internal Corporate & Investment Banking Markets Division partners to make risk decisions consistent with the company’s risk-management framework. Telecommuting is permitted up to one day per week, but the employee must appear in person at the listed work address. Rare or infrequent domestic travel is required, approximately 10% of the time.

Requirements

Bachelor’s degree in Finance, Economics, Mathematics, Business Administration, or a related financial field.
Seven years of experience in the job offered or a related position involving credit-risk underwriting, counterparty portfolio management, and portfolio monitoring.
Experience with capital markets and counterparty credit risk, including major financing and OTC traded products such as repo, prime brokerage, futures, foreign exchange, total return swaps, interest-rate derivatives, equity derivatives, credit derivatives, commodity swaps, securities trading, and secondary loan trading.
Experience with Prime Brokerage and other equity-financing or clearing businesses for leveraged funds.
Knowledge of counterparty credit exposure, including potential future exposure and value-at-risk, stress testing, margin calls, and risk reporting.
Experience evaluating and conducting due diligence with alternative asset managers, primarily hedge funds or private equity funds, as well as proprietary trading firms and family offices.
Experience writing credit reviews with detailed credit analysis on complex fund types.
Experience negotiating credit points in master trading legal documentation, including ISDA, MRA, PBCA, and FCSA.
Must appear in person at the listed work address; telecommuting is permitted up to one day a week.
Rare or infrequent domestic travel, approximately 10% of the time, is required.

Responsibilities

Underwrite counterparty credit for leveraged funds and specialized businesses.
Oversee and manage asset managers, including credit-risk mitigation and maintenance.
Guide the growth and development of counterparty credit for leveraged-fund trading and financing.
Conduct counterparty credit analysis of traditional hedge funds and private equity funds in capital markets and wholesale sales and trading.
Oversee trade approvals and initial and annual credit reviews of leveraged-fund counterparties.
Monitor counterparty quality and credit exposures and conduct due diligence for hedge-fund clients and alternative asset managers.
Prepare credit packages and annual reviews.
Support underwriting for Prime Brokerage, Futures and OTC Clearing, Bilateral Derivatives, Foreign Exchange, Repo, Securities Financing, and Secondary Loan Trading.
Write initial and annual credit reviews, set and approve credit limits, monitor client financials, approve bespoke trades and/or margin levels, and monitor margin calls.
Escalate concerns to senior risk managers and business leaders.
Interact with external client contacts and internal Corporate & Investment Banking Markets Division partners to make sound risk decisions aligned with the company’s risk-management framework.
Make risk decisions and fulfill applicable risk and compliance obligations, including monitoring, governance, risk identification, escalation, and remediation.