Corporate Banking Associate – Financial Institutions

Wells Fargo Bank•Charlotte, NC

About The Position

Wells Fargo is hiring a Corporate Banking Associate to join the Portfolio Management team within the Corporate & Investment Banking Financial Institutions Group. The role supports credit and financial analysis, structuring and underwriting, risk assessment and monitoring, and active management of a portfolio of corporate clients and credit relationships. Portfolio Managers collaborate with Relationship Managers, Credit Officers, Legal, product partners, and other internal stakeholders to assess, structure, underwrite, and manage credit and risk exposures. Desired sector experience includes insurance, insurance services, asset management, depository institutions, and market structures. Working with a senior portfolio manager, the associate supports portfolio management and credit underwriting for assigned insurance and insurance-services clients. The role also involves interaction with client executives and coverage stakeholders, review of credit agreements and loan documents, presentation of analysis to business leadership and Credit Officers, participation in strategic initiatives, and mentoring analysts. The associate is expected to follow credit policies, regulatory guidance, internal risk frameworks, compliance standards, AML/BSA considerations, and audit expectations, and to participate in audits or examinations of assigned clients. The position is subject to FINRA background screening. If the relevant registrations are not available for transfer upon hire, the employee must complete FINRA Series 63 or 66, Series 79, and the Securities Industry Essentials (SIE) exam within 90 days of hire. Locations listed are Charlotte, North Carolina; Minneapolis, Minnesota; and New York, New York. The stated base pay range is $125,000–$175,000, with potential incentive opportunities; compensation may vary based on factors including performance, skills, experience, and work location.

Requirements

At least 2 years of Corporate Banking Portfolio Management experience, or equivalent demonstrated through work experience, training, military experience, or education.
Complete FINRA Series 63 or 66 registration within 90 days of hire if it is not available for transfer upon hire.
Complete FINRA Series 79 registration within 90 days of hire if it is not available for transfer upon hire.
Complete the Securities Industry Essentials (SIE) exam within 90 days of hire if it is not available for transfer upon hire.
Successfully complete and clear the required FINRA background screening.
Meet ongoing regulatory requirements, including additional screening and reporting of certain incidents.
Represent one's own experiences directly during the recruiting and hiring process.

Nice To Haves

Corporate Portfolio Management or equivalent experience, including support for large corporate and/or financial institutions sector customers.
Experience in lead roles on syndicated credit transactions.
Experience executing leveraged lending transactions.
Experience participating in credit documentation negotiations.
Experience with credit underwriting and/or capital market products underwriting.
Strong credit, accounting, and technical skills.
Effectiveness working independently and as part of a team.
Strong verbal, written, and interpersonal communication skills.
Strong analytical skills and attention to detail and accuracy.
High initiative and personal accountability.
Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment.
Integrity, good character, and sound judgment.
Sector experience in insurance, insurance services, asset management, depository institutions, and/or market structures.

Responsibilities

Assist a senior portfolio manager with portfolio management and credit underwriting for an assigned portfolio of insurance and insurance-services clients.
Perform transaction due diligence, financial analysis and modeling, credit analysis and monitoring, industry analysis, enterprise valuation, and credit memorandum preparation.
Interact regularly with client executives and key client coverage stakeholders for the assigned portfolio.
Collaborate with Corporate & Investment Banking partners to develop and execute relationship plans and participate in relevant meetings.
Review credit agreements and other loan documentation and assist with legal diligence and negotiations.
Develop proficiency over time in structuring, negotiating, and documenting facility agreements.
Present credit and financial analysis to business leadership and Credit Officers in portfolio management activities, portfolio reviews, pre-screen discussions, and credit or approval committee forums.
Participate in business and enterprise-wide strategic initiatives and specialized projects to improve team efficiency and effectiveness.
Collaborate with peers and functional partners and develop internal relationships that support role effectiveness.
Mentor, coach, and instruct analysts in best practices and credit fundamentals.
Use internal AI platforms to improve efficiency and apply best practices.
Review and interpret 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.