Senior Lead CIB Portfolio Manager (Req #001669)

At Wells Fargo, we want to satisfy our customers’ financial needs and help them succeed financially. We’re looking for talented people who will put our customers at the center of everything we do.  Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.

Wells Fargo Securities, LLC seeks a Senior Lead CIB Portfolio Manager in New York, NY.

Job Role and Responsibility: Provide underwriting for counterparty credit for leveraged funds and specialized business. Provide oversight and management to asset managers. Provide guidance and direction for the growth and development of counterparty credit for the trading and financing of leveraged funds and specialized business as well as oversight for credit risk mitigation and maintenance.

Responsible for basic counterparty credit analysis of traditional hedge funds and private equity funds in capital markets and wholesale sales/trading businesses. Oversee trade approvals, initial credit reviews, and annual credit reviews of leveraged fund counterparties - performing ongoing monitoring of counterparty quality and credit exposures as well as conducting due diligence for hedge fund clients. Prepare credit packages and annual reviews.

Oversee hedge fund credit and support underwriting for a range of counterparty traded products including: Prime Brokerage, Futures & OTC Clearing, Bilateral Derivatives, Foreign Exchange, Repo, Securities Financing, and Secondary Loan Trading. Conduct due diligence with alternative asset managers, write initial and annual credit reviews, set and approve credit limits, monitor client financials, approve bespoke trades and/or margin levels, monitor margin calls, and escalate concerns to senior risk managers and business leaders.

Interact with external client contacts as well as with internal business partners in the Corporate & Investment Banking Markets Division to make sound risk decisions that are aligned with the risk management framework of the company. Telecommuting is permitted up to 1 day a week. Position must appear in person to the location listed as the work address.

Travel required: Rare or infrequent domestic travel is required 10% of the time.

Required Qualifications : Bachelor’s degree in Finance, Economics, Mathematics, Business Administration, or related financial field plus seven (7) years of experience in the job offered or in a related position involving credit risk underwriting, counterparty portfolio management, and portfolio monitoring.

Specific skills required:

• Experience with capital markets and counterparty credit risk, including the major financing and OTC traded products, such as repo, prime brokerage, futures, foreign exchange, total return swaps, interest rate derivatives, equity derivatives, credit derivatives, commodity swaps, securities trading, and secondary loan trading.
• Experience with Prime Brokerage and other equity financing or clearing businesses for leveraged funds.
• Knowledge of counterparty credit exposure (e.g. potential future exposure and value-at-risk), stress testing, margin calls, and risk reporting.
• Experience in evaluating and conducting due diligence with alternative asset managers, primarily hedge funds or private equity funds, as well as proprietary trading firms and family offices.
• Experience in writing credit reviews with detailed credit analysis on complex fund types.
• Experience with negotiating credit points in master trading legal documentation (ISDA, MRA, PBCA, FCSA, etc.).

Salary: $191,000 - $305,000

Pay Range

Compensation includes a base pay component that meets or exceeds the applicable exempt salary threshold, expressed as an hourly equivalent where required, with the opportunity to earn additional commission. All pay complies with applicable minimum wage laws.