Associate, Corporate Banking – Banks Portfolio Management

Wells Fargo•Minneapolis, MN

1d•$100,000 - $179,000•Onsite

About The Position

Wells Fargo is seeking a Corporate Banking Associate to join the FIG Banks Portfolio Management team within the Corporate & Investment Bank. The Associate will partner with Relationship Managers, Industry Coverage and Independent Risk Management to execute credit-related functions and portfolio support for banks and bank-like institutions of varying size and complexity located across North America. The team both initiates coverage and manages an existing portfolio of lending and interbank exposures, providing broad product exposure and direct access to the senior Portfolio Managers within the FIG industry vertical.

Requirements

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

Nice To Haves

Demonstrated knowledge of bank and financial institution credit risk assessment and underwriting standards
Experience in corporate banking portfolio management and underwriting
A BS/BA degree or higher in business administration, finance, economics or accounting
Corporate Banking Program Analyst formal training with a Tier 1 bank
Strong financial modeling, credit, accounting and technical skills with high attention to detail and accuracy
Strong verbal, written, and interpersonal communication skills
Strong organizational, multi-tasking, and prioritizing skills
Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic, fast paced and complex environment
Demonstrated excellence in working effectively as an individual and as part of a team
Experience reviewing, checking or mentoring the work of less tenured colleagues
High level of initiative and accountability
Collaborative mindset and ability to work with team members who are in different locations
Ability to act with integrity, good character and exercise sound judgement, including making timely decisions in a fast-paced and results-driven environment

Responsibilities

Participate in structuring and executing transactions — working with coverage and product partners on transaction structure, documentation and risk-adjusted return assessment — and support more senior staff with financial and credit analysis for an assigned portfolio of banks within the Corporate Banking Relationship Management functional area
Prepare timely and accurate written credit analysis of banks in assigned markets, including extensive financial statement analysis of individual institutions and comparison to peer institutions
Support credit monitoring annual reviews, status updates, focus reviews and risk rating recommendations with oversight from the Portfolio Manager
Review and interpret credit policies and procedures and incorporate requirements into credit analysis, observations and lending recommendations, and take responsibility for adherence to all Wells Fargo credit policies and procedures
Review credit agreements and supporting documentation with internal and external counsel, and develop recommendations on waivers, amendments and consents
Coordinate with operational and middle office teams on day-to-day portfolio activity, including drawdowns, limit set-up, and resolve items escalated by Analysts
Represent the bank in developing and maintaining relationships with smaller or less complex clients — including credit due diligence and client meetings alongside senior coverage partners — and drive proactive, strategic business development to grow and retain a profitable portfolio
Contribute to regular reporting on the loan portfolio and Banks sector trends for senior leadership, Independent Risk Management and coverage partners — including transaction databases and peer comps for the team, and preparation of materials for internal and external audit and examination processes
Review the work of Analysts — including models, credit write-ups and monitoring deliverables — before submission to the Portfolio Manager, and participate in the training and mentoring of Analysts on the team