Investment Banking, Executive Director - Fund Finance

Wells Fargo Bank•New York, NY

9d•$215,000 - $355,000

About The Position

Wells Fargo, CIB Fund Finance Group (“FFG”) is seeking an Investment Banking Executive Director to join its New York or Charlotte office. The Fund Finance Group provides financing to private equity funds and other asset managers through structured credit facilities across the fund lifecycle including subscription facilities, hybrid and NAV financings. Fund Finance is part of the Corporate and Investment Bank (CIB). An Executive Director in the Fund Finance Group will cover a portfolio of existing and prospective clients (fund sponsors) and will work as the senior client coverage banker for both new and existing transactions, supported by junior team members. In this role, you will be responsible for: Maintaining and expanding existing relationships; Sourcing of new transactions across the FFG product suite; Creating and delivering of marketing pitchbooks; Partnering with FFG’s Fund Solutions platform for NAV and Structured Product transactions as well as Syndications for transaction distribution; Structuring and negotiating of term sheets; Working with clients to understand financing needs and provide tailored solutions; Driving the legal documentation process for new originations as well as the oversight for amendments (extensions, upsizes etc.) ; Oversight of the credit underwriting and approval process ; Leading due diligence meetings and various client interactions related to new and existing transactions; Management/Mentoring of deal teams in all aspects of deal origination and ongoing portfolio management; All aspects of the role include meaningful direct client interaction and interaction with Credit partners. The Fund Finance team also works closely with a dedicated Syndications team, other product groups (e.g. FX and treasury management), and relationship coverage platforms across the institution.

Requirements

7+ years of Investment Banking experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Direct client interaction experience, including experience leading relevant transaction elements and interacting with senior decision makers
Deal origination & credit underwriting experience acting in a senior / lead capacity
Experience reading, negotiating, and/or interpreting legal documents
Strong analytical skills with high attention to detail and accuracy
Analytical thinker. Able to make decisions and recommendations that are well-reasoned
High level of personal motivation. Does more than what is asked for and anticipates questions/issues
Ability to manage a high-volume workload while maintaining excellence and consistency of work. Ability to quickly change focus and stay organized is a must
Excellent verbal, written, and interpersonal communication skills
Ability to work effectively, as well as independently, in a team environment
Ability to work in a fast-paced, deadline-driven environment
Familiarity with private equity funds
Very comfortable and efficient in Excel. Experience writing formulas; organizing, analyzing, and formatting data; and recognizing and auditing errors
Able to review and interpret financial statements
Experience monitoring covenants and client reporting
Formal credit training program experience
Bachelor’s Degree in Business, Finance, Accounting, Math, Economics or Engineering (or MBA)
Ability to travel up to 25% of the time
Willingness to work 55-70+ hours per week, depending on workload
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. FINRA recognized equivalents will be accepted.
Registration for FINRA Series 79 must be completed within 90 days of hire date if it is not available for transfer upon hire. FINRA recognized equivalents will be accepted.
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. FINRA recognized equivalents will be accepted.
This position is subject to FINRA background screening requirements. Candidates must successfully complete and pass a background check prior to hire.
In accordance with FINRA rules, individuals who are subject to statutory disqualification are not eligible to be associated with a FINRA-registered broker-dealer.
Successful candidates must also meet and comply with ongoing regulatory obligations, which include periodic screening and mandatory reporting of certain incidents.
Specific compliance policies may apply regarding outside activities or personal investing; affected employees will be expected to provide information to the Wells Fargo Personal Account Dealing Team and abide by applicable policy requirements if hired.

Nice To Haves

10+ years of front office or credit experience at a major firm with a focus in finance
Experience in structured finance or investment banking is preferred
Leadership experience and/or experience training others in a relevant professional capacity
Experience with originating and monitoring subscription facilities, asset backed finance, securitization, or other structured products

Responsibilities

Maintaining and expanding existing relationships
Sourcing of new transactions across the FFG product suite
Creating and delivering of marketing pitchbooks
Partnering with FFG’s Fund Solutions platform for NAV and Structured Product transactions as well as Syndications for transaction distribution
Structuring and negotiating of term sheets
Working with clients to understand financing needs and provide tailored solutions
Driving the legal documentation process for new originations as well as the oversight for amendments (extensions, upsizes etc.)
Oversight of the credit underwriting and approval process
Leading due diligence meetings and various client interactions related to new and existing transactions
Management/Mentoring of deal teams in all aspects of deal origination and ongoing portfolio management