See more Collapse

Credit Underwriter NBFI

1 month ago

London, UK, United Kingdom Wells Fargo Full time
About this role:

Join our dynamic EMEA Independent Risk Management group and contribute to the success of a rapidly growing global bank with an award-winning culture. As a Senior Market Risk Specialist in our EMEA Wholesale Counterparty Credit Risk team, you'll play a pivotal role in underwriting and managing the risk of a diverse portfolio of non-bank financial institutions engaged in capital markets trading with Wells Fargo affiliates.

In the heart of Wholesale Counterparty Credit Risk (WCCR), a key unit within Independent Risk Management, your focus will be on assessing credit for institutional clients in EMEA, including insurance companies, hedge funds, private equity sponsors, broker/dealers, pension funds, and asset managers. Collaborate with various business lines to drive our product growth strategy and be part of a team dedicated to maintaining robust risk governance and ensuring compliance with established programs and policies. Elevate your career with us - join a bank that's not only growing but also recognized for its exceptional workplace culture.

In this role, you will:
  • Evaluate counterparty credit risk based on an understanding of the clients' risk profiles encompassing quantitative and qualitative measures of credit worthiness. Client types comprise Non-Bank Financial Institutions, such as insurance companies, hedge funds, private equity sponsors, broker/dealers, pension funds, and asset managers.
  • Prepare and submit credit requests, including relevant trading limits, to support counterparty trading relationships in EMEA.
  • Preparing written counterparty annual reviews/transactional credit proposals.
  • Spearhead independent portfolio and client due diligence meetings.
  • Negotiate and provide guidance in the negotiation of ISDA/CSAs, GMRAs/MRAs, MSFTA and other legal documentation.
  • Monitor, identify and escalate limit overages, documentation trigger breaches, margin disputes and missed calls
  • Escalate any counterparties/issues of concern as necessary.
Required Qualifications:
  • Experience in Capital Markets, trading or interest rate risk, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
  • Prior experience in credit underwriting/analysis with a focus on NBFIs.
  • Experience in dealing with traded products including derivatives, financing trades and structures.
  • Experience negotiating legal documentation (ISDAs/CSAs, MSFTAs, GMRAs/ MRAs).
  • Strong Microsoft Office skills - Excel/PowerPoint/Word.
  • Ability to partner with a wide range of colleagues including sales, trading, legal, operations.
  • Strong analytical and process skills.
  • Excellent communication skills - the ability to write, organize, and present information in a clear and understandable format to a wide range of audiences.
  • Ability to multi-task and work on a variety of time-sensitive tasks / meet deadlines.
  • University Degree in a relevant subject
Desired Qualifications:
  • Prior capital markets risk experience in a global financial institution.
  • An industry body qualification such as CFA, FRM, CAIA.
Posting End Date:
28 May 2024
*Job posting may come down early due to volume of applicants.

We Value Diversity

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.

Candidates applying to job openings posted in US: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.

Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.

Applicants with Disabilities

To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo .

Drug and Alcohol Policy

Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.

We have other current jobs related to this field that you can find below

  • Credit Analysts

    1 month ago

    London, UK, UK, United Kingdom RCQ Associates - Financial Markets Specialists Full time

    A leading investment bank is seeking VP level Credit Analysts to join their expanding Corporate Credit and NBFI departments. You will be a lead analyst responsible for a portfolio across both Developed and Emerging Economies.You will have:In-depth experience of either Corporate Credit (for TMT and Utilities) OR NBFIs, ideally with a portfolio of not more...

  • Credit Analysts

    3 weeks ago

    London, UK, UK, United Kingdom RCQ Associates - Financial Markets Specialists Full time

    A leading investment bank is seeking VP level Credit Analysts to join their expanding Corporate Credit and NBFI departments. You will be a lead analyst responsible for a portfolio across both Developed and Emerging Economies.You will have:In-depth experience of either Corporate Credit (for TMT and Utilities) OR NBFIs, ideally with a portfolio of not more...

  • Credit Underwriter

    1 month ago

    London,, UK, United Kingdom James George Recruitment Ltd Full time

    3x Asset Finance Credit UnderwriterSalary £45k - £70k basics plus Bonus and excellent benefitsLondon and South EastAfter having successfully filled 3x Underwriter vacancies within the last month James George Recruitment continue working alongside several Asset Finance Funders who are looking for Credit Underwriters to join their teams across London and the...

  • Credit Underwriter

    3 weeks ago

    London,, UK, United Kingdom James George Recruitment Ltd Full time

    3x Asset Finance Credit UnderwriterSalary £45k - £70k basics plus Bonus and excellent benefitsLondon and South EastAfter having successfully filled 3x Underwriter vacancies within the last month James George Recruitment continue working alongside several Asset Finance Funders who are looking for Credit Underwriters to join their teams across London and the...

  • Credit Analyst

    1 month ago

    London, UK, United Kingdom Carr Lyons Full time

    Job Description: We are seeking a highly skilled and motivated Credit Analyst to join our dynamic team. As a Credit Analyst, you will play a crucial role in assessing and managing credit risks associated with project finance and NBFIs. Your expertise will be instrumental in supporting our mission to provide sustainable financial solutions that drive economic...

  • Senior Credit Underwriter

    1 month ago

    London,, UK, United Kingdom InterQuest Group Full time

    InterQuest are proudly supporting a growing international bank who are looking for a Senior Credit Analyst to join their team. This is your chance to take on a Senior underwriting position and work on large scale loans including development and BTL finance.Responsibilities:Evaluate creditworthiness of new and existing clientsCreate underwriting packs to...

  • Senior Credit Underwriter

    3 weeks ago

    London, UK, UK, United Kingdom Buckden Partners Full time

    We're in search of a Credit professional to join our client's commercial bank to join their leasing/asset finance division.In this role, you'll be focused on providing lending solutions, particularly financing new equipment for construction companies, which often involves fleet transactions up to £5 million per deal.The available position is for...

  • Senior Vice President

    3 weeks ago

    London, UK, United Kingdom Citi Full time

    Job Purpose: Individual will work as part of the Underwriting team under the global Institutional Credit Management (ICM) group. The position covers the Real Money Funds portfolio and will be reporting to the local Head of Funds Underwriting. Job Background/Context: Institutional Credit Management (ICM) is a critical component of Citi's First Line...

  • Underwriter - Trade Credit / Political Risk

    1 month ago

    London, UK, United Kingdom HFG Full time

    New Vacancy - Underwriter - Trade Credit / Political RiskCity of London | Hybrid Lloyd's Insurer I am currently recruiting for a growing Lloyd's Insurer who are seeking a Underwriter to join their Trade Credit and Political Risk team. My client is looking for an experienced individual in this field with in-depth knowledge, expertise and experience of...

  • Underwriter - Trade Credit / Political Risk

    3 weeks ago

    London, UK, United Kingdom HFG Full time

    New Vacancy - Underwriter - Trade Credit / Political RiskCity of London | Hybrid Lloyd's Insurer I am currently recruiting for a growing Lloyd's Insurer who are seeking a Underwriter to join their Trade Credit and Political Risk team. My client is looking for an experienced individual in this field with in-depth knowledge, expertise and experience of...

  • Underwriter - Real Estate Credit

    1 week ago

    London,, UK, United Kingdom Bridgepark Capital Full time

    About Bridgepark CapitalBridgepark Capital is a rapidly growing specialist property lender that provides fast bridging loans and development finance to individuals, investors, property developers, professional advisors, and intermediaries across England & Wales. The firm was established by experienced property developers in response to their own...

  • Institutional Credit Management, Corporate Credit Underwriting

    3 weeks ago

    London, UK, United Kingdom Citi Full time

    The Underwriter is a seasoned professional role. Applies in-depth disciplinary knowledge, contributing to the development of new techniques and the improvement of processes and work-flow for the area or function. Integrates subject matter and industry expertise within a defined area. Requires in-depth understanding of how areas collectively integrate within...

  • Senior Underwriting Manager

    1 month ago

    London,, UK, United Kingdom InterQuest Group Full time

    I am currently leading the search for a Senior Underwriting Manager to join a reputable banking client based in London. The role would sit in the 2nd line and lead on analysing both new and old business propositions to ensure the best decision is made for the bank and customers. The role holder would hold a large credit mandate and would sanction credit...

  • Senior Underwriting Manager

    3 weeks ago

    London,, UK, United Kingdom InterQuest Group Full time

    I am currently leading the search for a Senior Underwriting Manager to join a reputable banking client based in London. The role would sit in the 2nd line and lead on analysing both new and old business propositions to ensure the best decision is made for the bank and customers. The role holder would hold a large credit mandate and would sanction credit...

  • Commodities Credit Underwriter

    3 weeks ago

    London, UK, United Kingdom Citi Full time

    Citi continues to enhance its business control and governance framework by building out Institutional Credit Management (ICM), a new function in the 1st Line of Defense, to house and consistently manage credit risk activities performed across its Institutional Client Group organization. ICM's objective is to provide integrated "end-to-end" credit...

  • Commodities Credit Underwriter

    3 weeks ago

    London, UK, United Kingdom Citi Full time

    Citi continues to enhance its business control and governance framework by building out Institutional Credit Management (ICM), a new function in the 1st Line of Defense, to house and consistently manage credit risk activities performed across its Institutional Client Group organization. ICM's objective is to provide integrated "end-to-end" credit...

  • Surety Underwriter

    3 weeks ago

    London, UK, United Kingdom IPS Group Full time

    We are currently partnering with a leading global insurer who are looking for an accomplished underwriter or senior underwriter to join their Surety team. This is a role where you will be driving and originating new business, developing relationships and transaction opportunities with brokers and being responsible for the performance of assigned clients and...

  • Underwriter

    3 weeks ago

    London, UK, United Kingdom Resource Solutions Full time

    Job Title: Underwriter (Casualty)Job Type: PermanentLocation: London (Hybrid)Salary: Competitive and based on experienceKeywords: Insurance, Underwriting, Risk, Casualty.An exciting opportunity has arisen for a seasoned Underwriter to join a leading, diversified specialty insurance and reinsurance company. This role offers the chance to work in an...

  • Underwriter - SME Finance

    5 days ago

    London, UK, UK, United Kingdom mcl finance Full time

    We’re looking for an experienced underwriter to join the team, and help us through our next phase of growth.The ideal candidate has strong practical experience in underwriting within the UK, preferably in unsecured business finance. They will have the ability to make good, yet quick credit decisions on SME business loans. Allowing us to place relevant...

  • Bridging Underwriter

    3 weeks ago

    London, UK, United Kingdom KFS Recruitment Full time

    Underwriter Bridging Finance London We are currently working with a fast-growing lender, who are looking for a Bridging Underwriter to join the team. The Sales and Underwriting teams are currently expanding, to ensure the business can grow and continue to deliver exceptional service. Your main responsibility will be to work within the Underwriting team, to...