Vice President, Commodities Counterparty Credit Manager

Wells Fargo•Houston, TX

1d•Onsite

About The Position

Wells Fargo Corporate & Investment Banking delivers a comprehensive suite of capital markets, banking, and financial products and services. A trusted partner to our clients, we provide corporate and transactional banking, commercial real estate lending and servicing, investment banking, equity and fixed income solutions including sales, trading, and research capabilities to corporate, commercial real estate, government, and institutional clients across the globe. Markets provides solutions to clients with the means to manage their exposure through various derivatives, lending and cash products across Structured Products Group, Macro, Equities, Municipal Products Group, Credit Sales & Trading. Wells Fargo is seeking a Lead CIB Portfolio Manager to join the Counterparty Credit Management (CCM) – Commodities team within the Corporate & Investment Banking (CIB) Markets division. The Commodities CCM team serves as the front‑line credit risk function for Wells Fargo’s Commodities Sales & Trading desk, responsible for underwriting, approving, and monitoring counterparty credit exposure across financial and physical commodities products. Our counterparties include companies who use or deal in commodities, hedge funds, broker‑dealers, commodity trading firms, and other institutional clients.

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

Experience with financial and physical commodities products and counterparties active in these products from an underwriting and portfolio management perspective.
Strong research and business communication skills, including an ability to capture, analyze and succinctly translate data into underwriting memos, white papers, and communications in a timely manner
Knowledge of and experience with negotiating credit points in master trading legal documentation (ISDAs, Credit Support Annexes, etc.).
Experience with financial statement and legal document analysis
Intermediate Microsoft Office skills (Outlook, Word, Excel, PowerPoint)
Ability to execute in a fast-paced, high-demand environment while balancing multiple priorities
Ability to partner with a wide range of colleagues including sales, trading, legal, market risk, counterparty credit risk, and operations teams
Demonstrated commitment to risk management and core values of the organization
Personal ability to understand and operate successfully in a complex, heavily matrixed corporate environment

Responsibilities

Lead underwriting, grading, and risk management efforts for a portfolio of counterparties active in financial and physical commodities products with various affiliates of Wells Fargo
Recommend and justify credit limits for financial and physical commodities trading businesses, negotiating master documentation, escalating limit exceptions, and reacting to the credit quality of assigned sector(s)
Maintain existing portfolio across a broad array of disciplines in keeping with underwriting policies and identified best practices
Review and research multifaceted, large-scale, and long-term industry and counterparty business models that require in-depth evaluation of multiple factors
Make decisions in complex situations requiring exceptional understanding of the function, policies, procedures, and compliance requirements that influence and lead a broader work team to produce deliverables and drive new initiatives
Identify opportunities for process improvements within scope of responsibilities or functional area
Collaborate and consult with peers, colleagues, and mid-level to more experienced managers to resolve issues and achieve goals
Lead projects, teams, or serve as a peer mentor