CIB Portfolio Management Manager
Job Description
About this role:
Wells Fargo is seeking a Portfolio Management Manager.
In this role, you will:
- Manage and develop a team of individuals to provide portfolio management and underwriting support to the entire industry
- Engage coverage officers and relationship managers which may often lead the credit approval process through Wholesale Credit Risk and more experienced management
- Identify and recommend patterns or opportunities for overall industry or macroeconomic trends and how they may impact the overall portfolio and timely manage any risks and opportunities that may be presented
- Make decisions and resolve issues regarding underwriting strategies, deal positioning, and relationship management strategies that involve credit of CIB Portfolio Management to meet business objectives
- Interpret and develop policies and compliance requirements for timely managing any risks and opportunities identified
- Collaborate with and consult with coverage officers, relationship managers, and more experienced management to provide support to the entire industry team
- Manage allocation of people and financial resources for CIB Portfolio Management
- Mentor and guide talent development of direct reports and assist in hiring talent
- Manage and develop a team of individuals that provides portfolio management and underwriting support to an industry leading structured finance business within Wells Fargo.
- Engage with coverage officers and relationship managers which may often lead the credit approval process through Wholesale Credit Risk and senior management
- Identify and recommend patterns or opportunities for overall industry or macroeconomic trends and how they may impact the overall portfolio and timely manage any risks and opportunities that may be presented
- Make decisions and resolve issues regarding underwriting strategies, deal positioning, and relationship management strategies that involve credit of CIB Portfolio Management to meet business objectives
- Interpret and develop policies and compliance requirements for timely managing any risks and opportunities identified
- Collaborate with and consult with coverage officers, relationship managers, and more experienced management to provide support to the entire industry team
- Manage allocation of people and financial resources for CIB Portfolio Management
- Leadership role, but individual contribution also needed to plan, train, mentor and review finished work product of the team.
- Ability to review financial statement spreading & perform financial analysis.
- Talent acquisition, retention and assisting leadership in building the career path for the team members.
- Act as a back-up to the leader in various management-related deliverables including capacity planning, portfolio allocation, resource mapping, maintaining various databases, preparing management decks, helping in stakeholder management, amongst others.
- Drive and implement various department wide risk & governance and transformation & automation initiatives on an ongoing basis.
Required Qualifications:
- 4+ years of CIB Portfolio Management experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
- 2+ years of leadership experience
Desired Qualifications:
- B. Com or equivalent degree along with MBA Finance, CFA or CA
- 4+ years of experience with preferably in Asset Backed Securitization including experience in auto, aircraft, student loans, credit cards, equipment, handsets, shipping containers or whole businesses sectors.
- Good experience in credit analysis, portfolio management, debt research, corporate and structured finance.
- Strong management skills with ability to lead a team.
- Experience in change management, transformation projects, process efficiency etc. would be an added advantage.
- In-depth understanding of financial statements and accounting policies (IFRS/ GAAP etc.) of large corporates and/or financial institutions with ability to comprehend key risks.
- Excellent computer skills: Word, Excel & Powerpoint
- Sound analytical thinking and high attention to detail needed
- Strong communication skills - both verbal and written. Ability to speak articulately & strong business writing skills
- High level of personal motivation, strong interpersonal skills to manage team & also work across continents
- Must be able to work in a fast-paced production environment and juggle a variety of tasks (time management skills are important)
- Must be comfortable working independently and as part of a team
- Knowledge of corporate loans (specifically leveraged loans) or experience in Corporate Lending/Leveraged Finance in an MNC bank
- Must be flexible to work in EMEA/partial US shift as per business requirements
WFIP processes are evolving with significant growth witnessed as an outcome of transitioning of critical processes from the US to the Front Office support functions in WFIP.
CIB Portfolio Management Manager is a people manager's role who will be accountable for partnering with US-based teams in portfolio management activities, including regular monitoring of the assigned deals by writing credit memos, tracking underlying collateral performance, reviewing borrowing base calculations and testing covenant compliance, amongst others.The work responsibility also entails performing quarterly credit reviews of clients to understand their ability to service existing deals, as well as assist onshore partners in preparing annual credit reviews and financial analysis for originations on need basis.
The successful candidate will collaborate and work closely with ABS India leadership team and key stakeholders based in the US. The role provides significant opportunities to learn, develop, be an enabler, undertake new initiatives and become a core/integral member of the team.
The CIB Front Office team supports a hybrid work model with a 60:40 WFO/WFH flexibility.
Posting End Date:
10 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.
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