Job Description

About this role:

Wells Fargo is seeking a Lead CIB Portfolio Manager to join the Portfolio Management team to support Wells Fargo’s growing Financial Institutions business. The Portfolio Manager will partner with Relationship Managers, Industry Coverage and Risk Management to oversee execution of credit related functions and portfolio support for insurance and insurance services clients.

In this role, you will:

• Manage and oversee credit aspects of a broad portfolio of insurance companies. Vice President Portfolio Managers oversee and  credit manage an assigned portfolio of clients and also support Managing Director and Executive Director Portfolio Managers on lead credit roles, complex, and/or multiple touchpoint relationships in executing new credit transactions as well as refinancings, amendments, and new requests for treasury management services and market products.
• Perform detailed credit, financial statement analysis, industry analysis and projection modeling to ensure accurate risk assessments, timely monitoring of performance trends, validating risk ratings, monitoring covenant compliance, as well as adherence to policy and regulatory requirements to include those connected with leveraged credit extensions.
• Lead the review and negotiation of legal documentation in partnership with internal and external counsel.
• Direct and coordinate colleagues in the execution of loan booking, closing, and compliance requirements.
• 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.
• Prepare and present updates on loan portfolio and insurance subsector trends to senior leadership, risk management, and coverage partners.
• Partner with Corporate Banking Relationship Management, Investment Banking Insurance Coverage, Debt Capital Markets colleagues, Financial Institutions Independent Risk Management, and other product partners to support all client coverage needs related to credit risk products.
• Lead and contribute to due diligence meetings with client contacts in support of the delivery of new products or services or expanding existing business with clients.
• Train and mentor Financial Institutions 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, risk assessments, and risk and rating recommendations.

Required Qualifications:

• 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

• Portfolio Management experience with large corporate clientele.
• Experience in corporate banking portfolio management and underwriting.
• Experience with credit managing Insurance, Insurance Services, Depository Institutions, and/or Financial Institution sectors/subsectors.
• Experience with supporting lead credit role relationships, merger and acquisition financing, and/or leveraged lending financings.
• ​Experience with negotiating credit agreements and legal documentation for market products.
• 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.
• Strong communication and presentation skills.
• Strong credit and technical skills and accounting knowledge.
• Experience in building partnerships, collaborating across lines of business, and effectively communicating at all levels of an organization.

Job Expectations:

• Relocation assistance is not available for this position.
• This position is not eligible for Visa sponsorship
• Position will require onsite presence from any of the required locations listed

• This position is subject to FINRA Background Screening Requirements, including successful completion and clearing of a background check. Internal transfers are subject to comply with 17 CRF 240.17f-2 of the Securities Exchange Act of 1934 and FINRA Bylaws, Article III, Section 3, which states that Associated Persons should not be subject to statutory disqualification. Successful candidates must also meet ongoing regulatory requirements including additional screening and are required to report certain incidents.

Pay Range

Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to achievements, skills, experience, or work location. The range listed is just one component of the compensation package offered to candidates.

Benefits

Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit  Benefits - Wells Fargo Jobs for an overview of the following benefit plans and programs offered to employees.

• Health benefits
• 401(k) Plan
• Paid time off
• Disability benefits
• Life insurance, critical illness insurance, and accident insurance
• Parental leave
• Critical caregiving leave
• Discounts and savings
• Commuter benefits
• Tuition reimbursement
• Scholarships for dependent children
• Adoption reimbursement

Posting End Date:

* Job posting may come down early due to volume of applicants.

We Value Equal Opportunity

Wells Fargo is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.

Employees support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit’s risk appetite and all risk and compliance program requirements.

Applicants with Disabilities

To request a medical accommodation during the application or interview process, visit  Disability Inclusion at Wells Fargo .

Drug and Alcohol Policy

Wells Fargo maintains a drug free workplace.  Please see our Drug and Alcohol Policy to learn more.

Wells Fargo Recruitment and Hiring Requirements:

a. Third-Party recordings are prohibited unless authorized by Wells Fargo.

b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.

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