Corporate Banking Associate – Financial Institutions

About this role:

Wells Fargo is seeking to hire a Corporate Banking Associate to join the Portfolio Management team within the Corporate & Investment Banking Financial Institutions Group (FIG).  Learn more about our career areas and lines of business at wellsfargojobs.com.

The FIGCorporate Banking Associate – Portfolio Manager will be responsible for supporting credit and financial analysis, structuring and underwriting, risk assessment and monitoring, and oversight and active management of a portfolio of corporate clients and credit relationships.  Portfolio Managers partner and collaborate closely with Relationship Managers, Credit Officers, Legal, Product Partners (Capital Markets, Treasury Management, Trade Finance), and internal stakeholders to ensure the bank appropriately assesses, structures, underwrites, and manages credit and risk exposures. Sector experience in Insurance, Insurance Services, Asset Management, Depository Institutions, and /or Market Structures is desired.  

In this role, you will:

• In partnership with a senior portfolio manager, assist with portfolio management and credit underwriting activities for an assigned portfolio of insurance and insurance services clients, including performing transaction due diligence, financial analysis and modeling, credit analysis and monitoring, industry analysis, enterprise valuation, and credit memoranda preparation
• Engage in regular interaction and relationship management with client executives and key client coverage stakeholders for an assigned portfolio.  Collaborate with internal partners in corporate and investment banking to develop and execute on relationship plans and join meetings when relevant
• Review credit agreements and other relevant loan documentation while assisting with legal diligence and negotiations.  Over time, develop a proficiency in structuring, negotiating and documenting facility agreements
• Regularly present credit and financial analysis to business leadership and Credit Officers in a variety of forums, including recurring portfolio management activities, portfolio reviews, pre-screen discussions and credit/approval committee forums.  Develop strong and proficient written and verbal presentation skills
• Participate in business and enterprise-wide strategic initiatives, including ad-hoc specialized projects that seek to improve and enhance the efficiency and effectiveness of the team
• Collaborate with peers and functional partners and develop internal relationships that will facilitate and enhance your role effectiveness
• Mentor, coach, and instruct analysts, teaching best practices and credit fundamentals.  As generative AI tools proliferate, leverage internal AI platforms to improve efficiency and apply best practices
• Review and interpret relevant credit policies, regulatory guidelines, and internal risk frameworks. Ensure adherence to internal credit policies, regulatory expectations, compliance standards, AML/BSA considerations, and audit expectations. Participate in audits or examinations of assigned portfolio clients.

Required Qualifications:

• 2+ years of Corporate Banking Portfolio Management experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:

• Corporate Portfolio Management or equivalent roles, including experience with supporting large corporate and/or financial institutions sector customers, lead roles in syndicated credit transactions, executing leveraged lending transactions, and participating in credit documentation negotiations
• Experience with credit underwriting and/or capital market products underwriting
• Strong credit, accounting, and technical skills
• Demonstrated excellence in working effectively as an individual and as part of a team
• Strong verbal, written, and interpersonal communication skills
• Strong analytical skills with high attention to detail and accuracy
• High level of initiative and personal accountability
• Ability to prioritize work activities, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment
• Acts with integrity, exhibits good character, and exercises sound judgement

Job Expectations:

• 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
• Registration for FINRA Series 79 must be completed within 90 days of hire date if it is not available for transfer upon hire
• 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
• This position is subject to FINRA Background Screening Requirements, including successful completion and clearing of a background check. Internal transfers are subject to compliance with 17 CFR 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

Posting Locations:

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

Pay Range - $125,000 - $175,000

Pay Range
 

Posting End Date:

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