CIB Markets Counterparty Credit Associate

About this role:

Wells Fargo is seeking a Markets Counterparty Credit Associate for its CIB Markets Counterparty Credit Management (CCM) team. CCM sits within the Corporate & Investment Banking (CIB) Markets Division and is the front line credit team responsible for underwriting, grading, and ongoing monitoring of counterparty credit exposure with certain institutional client types - mostly non-bank financial institutions such as asset managers and regulated funds, hedge funds, private equity funds, CCPs, GSEs, broker-dealers, mortgage REITs, mortgage originators, and municipalities. This role is in CCM's Leveraged Funds team, with a focus on hedge funds and private equity funds managed by U.S. alternative asset managers and supporting traded products in CIB Markets that generate counterparty credit risk.

In this role, you will:

• Focus on counterparty credit for hedge funds and private equity funds, in supporting a range of traded products. This business activity may include, but is not limited to: prime brokerage, futures & OTC clearing, bilateral derivatives, foreign exchange, repo, securities financing, and secondary loan trading.
• Conduct due diligence with alternative asset managers, writing initial and annual credit reviews, setting and recommending credit limits for approval, monitoring client financials, approving bespoke trades and/or margin levels, monitoring margin calls, and escalating concerns to senior risk managers and business leaders.
• Support senior CCM portfolio managers in credit coverage for leveraged funds, including due diligence preparation, participation in client calls, drafting internal credit memos, inputting financial data and tracking covenant compliance, and inputting credit limits in firm systems.
• Contribute to various CCM portfolio management tasks, including financial covenant tracking, portfolio reviews, periodic exposure monitoring, and policies & procedures.
• Have a significant amount of external client contact and interaction with internal business partners in both the CIB Markets Division and Independent Risk Management, seeking an appropriate balance between assisting front line businesses with obtaining counterparty credit approvals, while also making sound risk decisions commensurate with the firm's risk management framework.
• Review and research less complex business challenges that require evaluation of multiple factors and collaboration with manager, peers, and various partner groups to meet deliverables.

• 2+ years of CIB Portfolio Management experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

• Knowledge of capital markets and counterparty credit risk, including the major financing and OTC traded products
• Strong written and verbal communication skills
• Strong analytical skills with high attention to detail
• Ability to execute in a fast paced, high demand environment while balancing multiple priorities
• Demonstrated commitment to risk management and core values of the organization
• BS/BA degree or higher

• Ability to travel up to 10% or as needed
• This position is subject to FINRA Background Screening Requirements, including successful completion and clearing of a background check. Internal transfers are subject to comply with 17 CFR 240.17f-2 of the Securities Exchange Act of 1934 and FINRA Bylaws, Article III, Section 3, which states that Associated Persons should not be subject to statutory disqualification. Successful candidates must also meet ongoing regulatory requirements including additional screening and are required to report certain incidents.

• Health benefits
• 401(k) Plan
• Paid time off
• Disability benefits
• Life insurance, critical illness insurance, and accident insurance
• Parental leave
• Critical caregiving leave
• Discounts and savings
• Commuter benefits
• Tuition reimbursement
• Scholarships for dependent children
• Adoption reimbursement