Executive Director, FIG Portfolio Manager - Markets Underwriting

About this role :

Wells Fargo is seeking a Corporate Banking Executive Director to join Wells Fargo's CIB Financial Institutions Group (FIG). The Executive Director will join and grow one of the industry's leading Financial Institutions practices, which covers insurance, asset managers, market structure, and specialty finance companies. The Executive Director will primarily underwrite and monitor FIG counterparties within CIB Markets-only relationships.

In this role, you will :

• Serves as primary portfolio manager for Markets only customers across all FIG subsectors
• Underwrites all forms of Markets products and related risk exposures for Markets only customers in the FIG subsectors
• Directs and manages analyst through the credit approval process for credit actions (originations, maturity extensions, modifications, and renewals) for all forms of Markets products
• Collaborates with Desk Risk Officers, Independent Risk Management, and Documentation Negotiators in the negotiation of all forms of new and amended Markets Products Documentation for nonstandard approvals
• Conducts annual Risk Profile Assessments for assigned Markets only customers or as otherwise determined by credit policy or business procedures
• Actively monitors and conducts ongoing surveillance of the financial performance of assigned Markets only customers
• Assigns risk ratings for Markets only customers and performs quarterly certifications of assigned ratings
• Reviews and approves key terms grids and SACTs for all forms of Market Products documents for Markets only customers
• For entire portfolio of FIG customers, monitors exposures versus limits, assessing, researching, and responding to limit breaches and excesses, and providing approval information to Enterprise Counterparty Risk Management (ECRM)
• For entire portfolio of FIG customers, collaborates with FIG analyst and Secondary Portfolio Manager (where applicable) in processing reallocations of approved but unallocated Markets only exposure with the concurrence of the Primary Portfolio Manager for the FIG Customer
• Manage time sensitive ad hoc approvals for Markets product risk exposures for FIG customers as directed by the FIG Primary Portfolio Manager or when the Primary Portfolio Manager is unavailable
• Participates in Documentation Escalation Forum and Elevated Risk Transaction approval meetings for all FIG customers
• Provide oversight and perspective on broader portfolio and similar transaction / precedents with key terms, e.g. Cross Default / Cross Acceleration, Additional Termination Events, Events of Default and associated cure periods, Collateral posting terms (Minimum Transfer Amount and Independent Amounts in Credit Support Annexes)
• Collaborates with FIG's Market Products SMEs on sourcing and sharing DocForce reports on credit terms in existing Market Products Documentation
• Manages the design and execution of bulk approval processes for FIG customers in connection with updated or revised methodologies and model updates cascaded by ECRM
• Monitors activities of Collateral Management with respect to failed margin calls or disputes and collaborates with Markets Business salespersons and customers in resolving outstanding collateral matters
• Provides periodic and ad hoc reporting on markets exposures within FIG portfolio, including engagement in ECRM directed stress scenario analysis related to market events
• Advises on documentation negotiation frameworks to enhance end to end efficiency and promote consistent internal and market aligned approaches; provides input on Wells Fargo form documents and fallback guides across FIG subsectors
• Actively engages in reviews of Market products related credit policies; cascades relevant input to key stakeholders on proposed revisions; and shares pertinent information with full FIG PM team
• Subject matter expert on market risk releases, methodology changes, and counterparty credit policy changes that have portfolio management / credit implications
• Leads and supports training on Markets Products matters (credit approval procedures, documentation, etc.) provided to FIG new hires
• Engages in special project activity connected with FIG's Markets customers

Required Qualifications :

Desired Qualifications :

Job Expectations :

Base Pay :

Locations :

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.

173,300.00 - $359,900.00

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.

Posting End Date : 24 Feb 2025

We Value Diversity

At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.

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.

Candidates applying to job openings posted in US : 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.

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.

Salary : $225,000