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Wells Fargo is seeking a CIB Portfolio Manager within Corporate & Investment Banking Front Office delivers a comprehensive suite of capital markets, banking, and financial products and services. As trusted partner to our clients, we provide corporate and transactional banking; commercial real estate lending and servicing; investment banking; equity; and fixed income solutions including sales, trading, and research capabilities to corporate, commercial real estate, government, and institutional clients across the globe. This role is in Fund Finance team that sits within CIB’s Banking group. The Fund Finance Group ("FFG") provides financing to private equity funds and asset managers through structured and syndicated credit facilities. The CIB Portfolio Manager role involves developing a credit understanding of our clients and collateral, developing understanding of our structured products, prepare credit review and underwriting documents. You would work as an active "deal team member" from India while the rest of the deal team will be situated in the US or UK. You will be involved in day-to-day communication with deal team members in the US and UK, legal teams, and credit teams among others. You will work closely with Fund Finance’s global team members located in Charlotte (North Carolina), New York, and London. The role involves significant opportunities to learn, develop and work as an integral member of the business.
Job Responsibility:
Participate in monitoring, documenting, underwriting, and reacting to the credit quality of an assigned portfolio of loans within CIB Portfolio Management functional area and contribute to large scale planning related to functional area
Identify opportunities for process improvements within scope of responsibilities
Review and analyze less complex business, operational, or technical assignments or challenges that require research, evaluation, and selection of alternatives
Exercise independent judgment to guide medium risk deliverables
Present recommendations for resolving more complex situations and exercising independent judgment while developing expertise in the functions, policies, procedures and compliance requirements
Collaborate and consult with functional colleagues, internal partners and stakeholders
Work actively as a deal team member aiding FFG clients, working with partners across US and UK in underwriting, credit analysis of existing and origination of new deals
Evolve as a process SME by gaining deep understanding of processes and operational effectiveness
Preparation and review of 20-30 pager credit papers covering a deep analysis of our clients, deal structure, and the underlying collateral
Financial analysis review and risk assessment of a large number of investors (Limited Partners) on a frequent basis
Review ongoing client reporting to check for completeness & accuracy of financial calculations including covenants and collateral value
Prepare a summary of the above either in written format or in a common-sized excel format
Understand legal documentation and infer legal opinion to request relevant Credit approval
Maintain various databases and various spreadsheets for internal reporting
Track and report on financial trends of the borrowers and underlying collateral
Perform any other task as discussed with Deal Teams and required for client action
Requirements:
2+ years of CIB Portfolio Management experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Nice to have:
At least an MBA or a CA, or an equivalent qualification
2 + years of experience in credit analysis, corporate lending or structured finance in either a bank or rating agency
Experience in writing detailed credit memos/papers is desirable
Strong communication skills – both verbal and written. Ability to clearly and concisely on complex topics, as well as strong business writing skills
Basic to Advanced excel skills to be able to manage and navigate across investor underwriting/ modelling data
Basic understanding of legal terms used in Banking
Must be able to work in a fast-paced production environment
Must be comfortable working independently and as part of a team
High level of personal motivation, strong interpersonal skills and ability to effectively work across continents