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CDF China Underwriter

Job ID 22381BR Location Shanghai, China;
About Wells Fargo: Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $2.0 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 8,500 locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 42 countries and territories to support customers who conduct business in the global economy. With approximately 273,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 25 on Fortune’s 2017 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.

As a member of Commercial Distribution Finance China Risk team, this is a key role in the Underwriting process within the CDF China ensuring transactions are appropriately approved in adherence to risk appetite, policies and documented with appropriate governance. Core primary responsibilities are as follows:
  • Large Value Deal Underwriter & portfolio management
  • Credit Approval of New Business Opportunities, Amendment Requests and Periodic Reviews
  • Managing the investor/participation risks associated to the Large Value transactions
  • Support Head of Risk China on ad-hoc credit/portfolio related projects

Responsibilities:

Large Value Deal Underwriting & Portfolio Management
  • Responsible for underwriting and performing periodic reviews and in life portfolio risk management of a portfolio of high value transactions
  • Structure deals and document to required levels befitting the size and nature of the risk exposure, clear documentation of the assessment of the Company, transaction overview and key risks and mitigants supported by quantitative and qualitative analysis.
  • Frequent customer visits and interactions to gain insights of any internal changes that would impact the credit profiles and to be the resident expert on the large value transaction portfolio.
  • Working closely with Commercial for any change requests on large value transactions.
  • Oversight responsibility for all “Deal Closing” procedures incl. legal & regulatory filings, meeting & tracking conditions.
Credit Approval Activity
  • Responsible for presentingAnnual Reviews, New Business Opportunities / Material Change Requests, Watch List reviews and Quarterly and ad-hoc portfolio updates to China Risk Head and Senior Credit Executives outside of China.
  • Setting & maintaining a high standard of preparation & presentation of formal credit approval requests (“DRM”) as well as manage & administer the overall deal approval process.
  • Ensure key risks are understood and documented, adherence and compliance to policies and appropriate analysis of financial and collateral data as well as qualitative information to support the transaction.
  • Ensure transactions are underwritten and structured in accord with risk appetite, including aggregation risks of individual names, country risk exposure and counter party risk exposure.
  • Ensure new credit/credit amendment /periodic review transactions are submitted in a timely manner to allow adequate analysis and discussion, ensure appropriate visibility and monitoring of due dates of review. Create and own pipeline to monitor and oversee activity on large value deal activity.
Managing the investor/participation risks associated to the Large Value transactions
  • Work closely with Capital Markets team to ensure pre and post-closing risk participations are properly assessed and executed.
  • Support Capital markets team on assessing and managing participant bank risks.
  • Min. 5-10 years of related credit function experiences gained from financial institutions. Prefer work experiences and formal credit training at reputable banks and financial institutions in OECD countries but not prerequisite.
  • Experienced Individual within a secured Asset Finance and financial services business.  CDF experience preferred but not prerequisite.
  • Track record of managing, reviewing and approving large value transactions in accordance with risk appetite and policies.  
  • Ability to pitch large complex transactions to senior stakeholders cross LOB and wider Wells Fargo Organisation.
  • Strong analytical and presentation skills.
  • Strong interpersonal and communication skills.
  • Strong personality with ability to work both independently or through building strong partnerships, cross functionally specifically  working with Commercial, Risk, Capital Markets and Operations - break down silos, create one team solution.
  • Highly organised and evidences good project management skills.
  • Ability to think clearly whilst under pressure, using strong negotiating and influencing skills in order to deliver responsibilities of the roles across teams with competing priorities.
  • Fluent in speaking, reading and writing English and Mandarin.
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 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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