Vice President, Corporate Banking Portfolio Manager - Banks

Wells Fargo•Minneapolis, MN

3d•$119,000 - $206,000

About The Position

About this role: Wells Fargo is seeking a Vice President, Lead CIB Portfolio Manager for FIG Banks, part of the Corporate and Investment Banking (CIB) division. As a Lead CIB Portfolio Manager, you will be part of a dynamic and growing group and will gain experience working with the senior portfolio managers within FIG industry vertical. The Portfolio Manager will also partner with Product Partners, Independent Risk Management and Coverage Bankers to oversee execution of credit related functions and portfolio support for International Banks and bank-like institutions of varying size and complexity located across APAC, EMEA and LatAm. The position will provide broad product experience across a whole range of interbank traded products, with much of the focus on initiating coverage and onboarding new counterparties, where speed of execution is a key factor as well as sound counterparty credit judgement. Responsibilities include: 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

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

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.

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