Wells Fargo

Vice President, Portfolio Management - Insurance

Wells Fargo • $225K *
Minneapolis, MN 55407In-Person
Finance & Insurance
5 - 7 years of experience
Today
Be an Early Applicant
Job Overview by Ladders

Qualifications

  • 5+ years in CIB Portfolio Management or equivalent experience
  • Experience managing portfolios for large corporate clients
  • Strong background in corporate banking portfolio management and underwriting
  • Familiarity with credit management in Insurance and Financial Institution sectors
  • Skills in negotiating credit agreements and legal documentation for market products
  • Proven track record in mentoring and training peers
  • Effective communication skills with the ability to present complex information clearly.

Responsibilities

  • Manage credit assessments and monitoring of insurance company portfolios
  • Conduct underwriting and risk assessments for treasury management services
  • Perform financial statement analysis and credit reviews to ensure compliance
  • Lead legal documentation review and negotiations alongside counsel
  • Coordinate and execute loan closings and post-closing monitoring
  • Contribute to credit projects and partner with various banking teams
  • Prepare updates on portfolio trends for senior leadership and stakeholders.

Benefits

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

Wells Fargo is seeking a Lead CIB Portfolio Manager to join the Portfolio Management team to support Wells Fargo's growing Financial Institutions business. The Portfolio Manager will partner with Relationship Managers, Industry Coverage Bankers, and Risk Management to oversee the execution of credit related functions and portfolio support for insurance and insurance services clients.

In this role, you will:
  • Manage and oversee credit assessments, credit quality monitoring, and underwriting risk exposures for a diverse portfolio of insurance companies. Vice President Portfolio Managers independently manage and oversee credit actions for an assigned portfolio of clients and support Managing Director and Executive Director Portfolio Managers on executing and supporting lead credit roles, and/or complex multiple touchpoint relationships to include new credit transactions as well as refinancings, and amendments.
  • Conduct underwriting and risk assessments for counterparties with risk exposures connected with treasury management services and market products.
  • Perform detailed credit reviews, financial statement analysis, industry analysis, and projection modeling to ensure accurate risk assessments, timely monitoring of performance trends, validating the appropriateness of risk ratings, monitoring covenant compliance, as well as adherence to policy and regulatory requirements to include those connected with leveraged credit extensions.
  • Lead the review and negotiation of legal documentation in partnership with internal and external counsel.
  • Direct, coordinate, and collaborate with colleagues in the execution of loan closings and bookings, ensuring adherence to documentation terms, post-closing credit monitoring, and active assessments of compliance requirements.
  • Contribute to and lead credit focused projects, partnering with Portfolio Managers, Corporate Banker Relationship Management, Analysts, and Associates.
  • Engage with internal and external auditors and examiners and assist with internal and external exam processes.
  • Prepare and present updates on loan portfolio and insurance subsector trends to senior leadership, Risk Management, and client coverage partners.
  • Partner with Corporate Banking Relationship Management, Investment Banking Insurance Coverage, Debt Capital Markets colleagues, Independent Risk Management, and other product partners to support the full spectrum of client coverage needs related to credit risk products.
  • Lead and contribute to due diligence meetings with client contacts in support of the delivery of new products or services or expanding existing business with clients.
  • Train and mentor Financial Institutions Associates and Analysts.
  • Accountable for adherence to Wells Fargo credit policies and procedures. Reviews and interprets credit policies and procedures and incorporates requirements into credit analysis, risk assessments, and risk rating recommendations.


Required Qualifications:
  • 5+ years of Experience in CIB Portfolio Management, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education


Desired Qualifications:
  • Portfolio Management experience with large corporate clientele.
  • Experience in corporate banking portfolio management and underwriting.
  • Experience with credit managing Insurance, Insurance Services, Depository Institutions, and/or Financial Institution sectors/subsectors.
  • Experience with supporting lead credit role relationships, acquisition financing, and/or leveraged lending financings.
  • Experience negotiating credit agreements and legal documentation for market products.
  • Experience with serving as a peer mentor while training and developing less tenured colleagues.
  • History of exercising sound judgment and making timely decisions in a fast-paced and results-driven environment.
  • Effective communication and presentation skills.
  • Strong credit and technical skills and accounting knowledge.
  • Experience in building partnerships, collaborating across lines of business, and effectively communicating at all levels of an organization.


Job Expectations:
  • Obtaining and/or maintaining appropriate Financial Industry Regulatory Authority (FINRA) license(s) is required for ongoing employment in this position. FINRA Series 63 and 79 examinations, or equivalent must be completed within either a 90 or 180-day time period following commencement of employment, depending upon the number of license(s) needed if not immediately available to transfer upon hire. FINRA recognized equivalents will be accepted. This will be communicated at time of offer acceptance. Compliance with state law registration and licensing requirements is mandatory. In addition to state registration and licensing requirements, specific product licenses or SAFE licensing may apply. Additional requirements include meeting enhanced financial fitness and criminal background standards. Wells Fargo will initiate the FINRA licensing review process at the time of offer acceptance. For specific FINRA qualification exams obtained after 9/30/2018, the Securities Industry Essentials (SIE) exam co-requisite is required.
  • This position is subject to FINRA background screening requirements. Candidates must successfully complete and pass a background check prior to hire. In accordance with FINRA rules, individuals who are subject to statutory disqualification are not eligible to be associated with a FINRA-registered broker-dealer. Successful candidates must also meet and comply with ongoing regulatory obligations, which include periodic screening and mandatory reporting of 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.
  • Ability to travel up to 10% of the time


Posting Locations:
  • 500 West 33rd St. - New York, New York 10001
  • 550 S Tryon St. - Charlotte, North Carolina 28202
  • 90 South 7th St. - Minneapolis, Minnesota 55402


Pay Range - $225,000 - $225,000

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.
$119,000.00 - $206,000.00

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:

10 Sep 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.

Stay Connected

Keep up to date with the latest from Wells Fargo Careers by subscribing to our job alert emails. Tailor your subscription to receive updates that align with your career preferences and get insider tips on crafting the perfect resume and acing your interview.

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
Finance & Insurance
Net Income
$3.3 billion
Founded
1852
5 Year Trend
-5.9%
NASDAQ
WFC
* Ladders Estimates

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