Wells Fargo Trading Business Manager in San Francisco, California

At Wells Fargo, we have one goal: to satisfy our customers’ financial needs and help them achieve their dreams. We’re looking for talented people who will put our customers at the center of everything we do. Join our diverse and inclusive team where you’ll feel valued and inspired to contribute your unique skills and experience.

Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.

Wholesale Banking provides financial solutions to businesses across the United States and globally. Our nine major business lines include Business Banking, Middle Market Banking, Government and Institutional Banking, Corporate Banking, Commercial Real Estate, Financial Institutions Group, Wells Fargo Commercial Capital, Wells Fargo Securities, and the Investment Portfolio. We also have groups in credit risk, group risk, finance, marketing, human relations, and the Wholesale Chief Operating Office that support our businesses.

The Wells Fargo Investment Portfolio (“IP”) comprises public and private investments for the Credit Investment Portfolio ("CIP") and the Macro Investment Portfolio ("MIP"). With dual reporting to Wholesale (CIP) and Treasury (MIP), IP manages the portfolio of AFS and HTM investments. CIP is responsible for the evaluation of credit-driven investment opportunities across a broad spectrum of corporate bonds, notes, loans, municipal bonds, CLOs and other asset backed securities. With a view towards long term holds, CIP focuses on relative risk/reward by purchasing (and selling) at prices that enhance shareholder value and improve Wells Fargo’s risk adjusted return on capital. As an extension of Wholesale’s lending platform, CIP applies the same depth of credit due diligence that other Wholesale lending divisions have historically applied to loan products. MIP is responsible for the management of the high-quality liquid asset (HQLA) portfolios, functions, solutions, and risk management activities, in addition to managing interest rate and cross-currency risk for the entire Investment Portfolio.

The Trading Business Manager will report to the Investment Portfolio Head of Infrastructure, and will directly support the Head of Trading. The Business Manager is responsible for strategizing, planning, and executing a variety of services and initiatives on behalf of the Head of Trading. He/she will also assist in driving Investment Portfolio (IP) initiatives as needed in partnership with the Head of Infrastructure.

The Trading Business Manager will serve as a trusted advisor and aid in establishing business priorities for the Group. The role includes initiatives focused on risk management, market dynamics, compliance, operations, technology, finance and human resources. He/she must develop relationships with strategic partners that work in these areas, as well as peers and executives to align interests and work to achieve set goals. He/she will aim to develop and execute group strategies, process enhancement, business development and team member development, presentations, market, financial and portfolio reporting, and ad hoc project management. He/she must be a strategic thinker and help guide the future direction of the team as well as advocate and represent the portfolio’s interests. He/she must demonstrate the ability to multi-task and manage competing interests in a positive manner. Additionally, he/she must exhibit maturity, good judgement, and confidentiality as he/she will be privy to restricted information.

Specific business activities the Business Manager supports include:

  • Partner with management and strategic partners to execute significant business initiatives including prioritization and budgeting of identified areas for investment and business development priorities.

  • Develop presentations on behalf of group head including relevant business updates and regulator presentations.

  • Facilitate the professional development of team members including assisting with recruiting, training, development and mentoring opportunities that would benefit the team.

  • Drive accountability across internal functions supporting the business. Define an infrastructure strategy to keep pace with the growth of the business and regulatory requirements.

Team members 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 and if 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.

Required Qualifications:

  • 4+ years of investment research experience

Desired Qualifications:

  • 5+ years of financial services industry experience

  • Ability to exercise independent judgment to identify and resolve problems

  • Advanced Microsoft Office (Word, Excel, Outlook and PowerPoint) skills

  • Excellent verbal, written, and interpersonal communication skills

  • Strong analytical and quantitative skills

  • Customer service focus with experience actively listening, eliciting information, comprehending customer issues/needs, and recommending solutions

  • Experience designing and post closing operational management of customized financing structures (including asset-backed, structured finance, reverse repo, or structured debt transactions)

  • Experience in asset-backed, structured finance, or structured debt transactions

  • Standard and non-standard structured credit products experience; including security custody and settlement

  • Transaction or structuring experience with a major investment bank, reputable hedge fund, or specialty finance firm

  • Ability to understand, operationalize, and assist in the structuring of complex financing transactions

  • Basic knowledge and understanding of capital markets pricing, legal, accounting, and tax concepts

  • Qualitative or quantitative structuring credit skills

  • Strong attention to detail and accuracy skills

How to Express Interest in This Job: Wells Fargo invites you to apply for this job at https://employment.wellsfargo.com/psp/PSEA/APPLICANTNW/HRMS/c/HRSHRAM.HRSAPPSCHJOB.GBL?Page=HRSAPPJBPST&FOCUS=Applicant&SiteId=1&JobOpeningId=5394134&PostingSeq=1.

All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.

Relevant military experience is considered for veterans and transitioning service men and women.

Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.

Relevant military experience is considered for veterans and transitioning service men and women.

Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.