Wells Fargo

Managing Director, CIB Banking Coverage COO

Wells Fargo$250K — $420K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • 10+ years in Corporate & Investment Banking business management or similar roles
  • 10+ years of Investment Banking or Coverage experience
  • 4+ years of management experience
  • Strong understanding of investment banking coverage models and client segmentation
  • Experience in large-scale transformation and business optimization initiatives

Responsibilities

  • Develop and implement strategies to boost revenue and strengthen client relationships
  • Manage daily operations and effectiveness of coverage teams
  • Enhance efficiency and scalability of coverage models
  • Lead initiatives in deal execution and client engagement processes
  • Drive financial discipline and expense management across the coverage franchise
  • Enhance KPIs related to client activity and banker performance
  • Foster senior relationships with internal partners to improve execution and compliance

Benefits

  • Health benefits
  • 401(k) plan
  • Paid time off
  • Disability benefits
  • Life and critical illness insurance
  • Parental and caregiving leave
  • Discounts and savings programs
  • Commuter benefits
  • Tuition reimbursement
  • Scholarships for dependent children
  • Adoption reimbursement
Full Job Description

The CIB Banking business is hiring a Coverage COO. The Coverage COO is responsible for overseeing and optimizing the business management, operating model, and strategic execution of the Investment Banking & Corporate Banking coverage franchises. This role will lead the Coverage COO teams, providing strategic direction, driving execution against growth priorities, and ensuring alignment with the broader Corporate and Investment Banking organization.

The COO will have a deep understanding of investment banking and corporate banking coverage models across industry verticals, including client relationship management, origination, and deal execution dynamics. This role requires experience leading large-scale transformation initiatives across front office activities, driving efficiencies, and enhancing risk and control frameworks.

The CIB Banking Coverage COO will report to the Banking COO and will serve as a strategic partner to the Head of Investment Banking and Co-Heads of Corporate Banking, driving initiatives across strategy, operations, risk, control, and client engagement.

Responsibilities:

  • Partner with Head of Investment Banking, Co-Heads of Corporate Banking, and Sector leaders to develop and execute strategic initiatives to drive revenue growth, deepen client relationships, and enhance franchise competitiveness

  • Develop and implement operating strategies aligned with overall CIB and Banking objectives

  • Oversee business management and day-to-day operational effectiveness across coverage teams and industry verticals

  • Drive efficiency and scalability of the coverage model, including banker productivity & insights, content delivery, client allocation, and resource optimization

  • Lead cross-functional initiatives including deal execution, pipeline management, and client engagement processes spanning client targeting and account planning

  • Partner with Finance to drive financial discipline, business planning, and expense management across the coverage franchise

  • Establish and enhance KPIs tied to client activity, revenue generation, and banker performance

  • Drive coordination between coverage, product partners (e.g., M&A, ECM, DCM), and key internal stakeholders to improve execution outcomes

  • Identify and mitigate risks related to underwriting, deal execution, and client engagement while ensuring adherence to regulatory requirements

  • Strengthen governance, controls, and regulatory compliance across investment banking activities

  • Drive large-scale strategic initiatives including platform enhancements, data strategy, AI adoption, and workflow digitization to improve coverage effectiveness

  • Develop and maintain senior relationships across internal partners including Risk, Legal, Compliance, Finance, HR, Audit, and International partners

  • Support talent strategy, including organizational design, hiring prioritization, early talent & campus hiring, and leadership development across the coverage group (move up)

  • Lead high-performing teams and foster a culture of accountability, collaboration, and continuous improvement

Required Qualifications:

  • 10+ years of Corporate & Investment Banking business management or equivalent experience

  • 10+ years of Investment Banking or Coverage-related experience

  • 4+ years of management experience

Desired Qualifications:

  • Deep understanding of investment banking coverage models, industry verticals, and client segmentation strategies

  • Experience supporting origination, pitching, and execution of advisory and capital markets transactions

  • Strong knowledge of regulatory considerations across investment banking activities (e.g., underwriting, conflicts management)

  • Proven ability to translate business strategy into operational execution within a coverage environment

  • Experience driving large-scale transformation, operating model redesign, Infrastructure and Technology delivery, or business optimization initiatives

  • Strong financial acumen, including experience with revenue drivers, pipeline management, and performance metrics

  • Excellent leadership and stakeholder management skills with ability to influence senior executives

  • Demonstrated ability to optimize processes, improve efficiency, and enhance scalability of front office organizations

  • Sound judgment and the ability to challenge business decisions and drive accountability

Job Expectations:

  • Registration for Securities Industry Essentials (SIE) exam must be completed within 90 days of hire date if it is not available for transfer upon hire. FINRA recognized equivalents will be accepted

  • Registration for FINRA Series 79 must be completed within 90 days of hire date if it is not available for transfer upon hire. FINRA recognized equivalents will be accepted

  • Registration for FINRA Series 63 (or 66) must be completed within 90 days of hire date if it is not available for transfer upon hire. FINRA recognized equivalents will be accepted

  • Ability to travel up to 50% of the time

  • 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 CRF 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.

  • Specific compliance policies may apply regarding outside activities or personal investing; affected employees will be expected to provide information to the Wells Fargo Personal Account Dealing Team and abide by applicable policy requirements if hired. Information will be shared about expectations during the recruitment process.

Pay Range

Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to demonstrated examples of prior performance, skills, experience, or work location. Employees may also be eligible for incentive opportunities.

$250,000.00 - $420,000.00

Benefits

Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit 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:

25 Jul 2026

*Job posting may come down early due to volume of applicants.

About Wells Fargo

Wells Fargo Careers

Joining Wells Fargo means becoming part of a distinguished financial institution that has been a cornerstone of innovation and leadership in the banking industry. At Wells Fargo, we offer a plethora of job opportunities designed to empower your career growth and development in a diverse and inclusive environment.

Work You’ll Do

At Wells Fargo, you will be part of a team that values diversity and is committed to fostering an inclusive culture. We are looking for professionals who are eager to drive innovation and lead with integrity. Our employees are our greatest asset, and we invest in their professional growth through comprehensive leadership and diversity training programs that are recognized industry-wide.

Explore a Multitude of Career Paths

Whether you're interested in a position in finance, IT, customer service, or management, Wells Fargo has career opportunities in various fields. Our team members benefit from job stability, competitive benefits, and a culture that values and rewards performance and dedication.

Internship Programs

Kickstart your career with a Wells Fargo internship. Our programs provide invaluable industry exposure, professional skills development, and networking opportunities that often lead to full-time employment offers. Interns at Wells Fargo work on real projects, solve actual challenges, and gain the mentorship of seasoned professionals.

Professional Growth and Development

We believe in nurturing the potential of our employees. Wells Fargo offers robust training programs and resources to help every team member excel in their current roles and prepare for future challenges. Growth at Wells Fargo is not just about climbing the career ladder but expanding your skills and expertise to add value to our team and customers.

Benefits and Rewards

Wells Fargo is committed to the well-being of our team members. We offer a comprehensive benefits package that includes health care, retirement plans, and generous paid time off. Additionally, we provide unique perks like employee discounts, adoption assistance, and tuition reimbursement.

Join Our Team

Discover the opportunities waiting for you at Wells Fargo by exploring open positions that match your skills and interests. We are continuously hiring and looking for individuals who bring creativity, passion, and a drive to serve our customers.

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Networking and Innovation

At Wells Fargo, networking and innovation go hand in hand. We encourage our employees to connect across departments and roles to foster new ideas and strategies that lead to groundbreaking solutions.

Empower Your Career

Step into a role at Wells Fargo where your skills will be honed, your achievements recognized, and your career can flourish. We're not just filling positions; we're building leaders who are equipped to navigate the complexities of the financial world. Join Wells Fargo today and be part of a team that’s redefining the future of banking.
Learn more about Wells Fargo
Size
246,577 employees
Market Cap
$155.2 billion
Industry
Net Income
$3.3 billion
Founded
1852
5 Year Trend
-5.9%
NASDAQ

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