What are the responsibilities and job description for the Lead CIB Portfolio Manager - CCM (VP Level) position at WELLS FARGO BANK?
About this role :
Wells Fargo is seeking a Lead CIB Portfolio Manager to join our CIB Markets Counterparty Credit Management (CCM) Underwriting and Portfolio Management team. This role sits within the Corporate & Investment Banking (CIB) Markets Division and is part of the front line team responsible for underwriting, grading, and ongoing monitoring of certain institutional client types, mostly non-bank financial institutions such as Broker Dealers, Mortgage REITs, mortgage originators, CCPs, GSEs, and municipalities, as well as regulated funds, hedge funds, and private equity funds, with the focus on entities that transact with the CIB Markets Division.
In this role, you will :
- Lead underwriting, grading, and risk managing a portfolio of non-bank financial institutions that are active in capital markets trading with various affiliates of Wells Fargo
- Recommend and justify credit limits for capital markets trading businesses, negotiating master documentation, escalating limit exceptions, and reacting to the credit quality of assigned sector(s)
- Review and research complex multifaceted, large scale, and long-term industry and counterparty business models that require in-depth evaluation of multiple factors including intangibles or unprecedented factors
- Make decisions in complex and multifaceted situations requiring exceptional understanding of the function, policies, procedures, and compliance requirements that influence and lead a broader work team to meet deliverables and drive new initiatives
- Identify opportunity 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
Required Qualifications :
Desired Qualifications :
Job Expectations :
Posting End Date : 27 Feb 2025
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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.
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