The Technology Banking Group (TBG) is a Specialized Industries (SI) banking team focused on providing banking services to technology companies. Clients generally have venture capital (VC) investors or were formerly backed by VC investors. The group focuses on companies from early stage (less than $25 million in equity raised and minimal revenues) to mid-corporate (greater than $100 million in revenue through $2 billion + in revenue). Companies may be private or public and are characterized by rapid growth.
SI - TBG is seeking a Lead Portfolio Manager to help support our growing franchise. This position is responsible for credit portfolio management to meet the long-term financial objectives and risk tolerance for commercial banking clients. The Lead Portfolio Manager as a key member of a client's deal team.
In this role, you will:
Actively manage, maintain, and grow a loan portfolio, with responsibilities including underwriting, origination, documentation and on-going monitoring; all in adherence with applicable credit policies, procedures and compliance requirements
Work with clients and prospects to understand complex credit needs and represent the bank in developing and maintaining client relationships
Provide recommendations and write credit reports based on analysis of historical and projected financial performance, assessment of key risks and mitigants, management strength, industry and regulatory trends and structural considerations
Identify opportunities for process improvements within the scope of responsibilities or functional area
Collaborate and consult with relationship managers, senior management, internal partners, and external partners
Train and mentor analysts and junior portfolio managers
Independently lead or resolve complex initiatives and guide the team to meet deliverables while leveraging a solid understanding of relevant policies, procedures, and compliance requirements
Required Qualifications:
5+ years of Commercial, Corporate or Investment Banking experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Desired Qualifications:
Complex C&I or Specialized Industries credit underwriting experience
Understands commercial banking segments, technology, venture capital and risks for companies within the Technology industry, including pre-profit VC-backed companies
Experience negotiating credit agreement terms including deal size, price, covenants, and collateral requirements
Knowledge and understanding of commercial and specialty group banking products and services
Strong understanding of commercial banking credit policies, loan servicing, risk management, and group underwriting requirements
Experience working in nCino
Advanced Microsoft Office (Word, Excel, and Outlook) skills
Strong analytical skills with high attention to detail and accuracy
Excellent verbal, written, and interpersonal communication skills
Effective organizational, multi-tasking, and prioritizing skills
BS/BA degree or higher (preferably major in Finance/Accounting)
Job Expectations:
Ability to travel up to 5% of the time
Ability to work a hybrid work schedule with 4 days in the office and 1 remote
@RWF22
Pay Range
Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to achievements, skills, experience, or work location. The range listed is just one component of the compensation package offered to candidates. $111,100.00 - $197,500.00 Benefits
Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit Benefits - Wells Fargo Jobs for an overview of the following benefit plans and programs offered to employees.
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
Posting End Date: 29 Dec 2024 * Job posting may come down early due to volume of applicants.
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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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