Investment Banking Program Analyst (1st Year) - Mortgage Finance Group

Wells Fargo Bank•Charlotte, NC

2d•Onsite

About The Position

Wells Fargo Corporate & Investment Banking delivers a comprehensive suite of capital markets, banking, and financial products and services. A trusted partner to our clients, we provide corporate and transactional banking, commercial real estate lending and servicing, investment banking, equity and fixed income solutions including sales, trading, and research capabilities to corporate, commercial real estate, government, and institutional clients across the globe. Learn more about the career areas and business divisions at wellsfargojobs.com. Markets provides solutions to clients with the means to manage their exposure through various derivatives, lending and cash products across Structured Products Group, Macro, Equities, Municipal Products Group, Credit Sales & Trading. Wells Fargo is seeking an Analyst to join their Structured Products Group (SPG) Banking function within the Mortgage Finance Group (MFG) Structuring & Analytics team. MFG provides financing and capital markets solutions to entities that own, originate, or service residential real estate loans and related assets. The Structuring & Analytics team within the MFG is responsible for the front-office analytical aspects of the business including structuring RMBS transactions, underwriting collateral credit, advising clients on asset disposition strategies, valuing mortgage assets, tracking market conditions, managing portfolio risks and presenting performance metrics to management. This is for a 1st year analyst role in our Early Careers Program.

Requirements

6+ months of Investment Banking Program experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Fundamental understanding of capital markets and mortgage banking
Strong analytical and quantitative skills
Python coding experience with working knowledge of standard data analytics libraries (e.g. Pandas and NumPy)
Proficiency with coding languages, databases and visualization tools (i.e. SAS, SQL, and PowerBI)
Intermediate Microsoft Office Skills (Outlook, Word, Excel, PowerPoint)
Dedication to building a career in the financial services industry
The ability to operate with urgency and prioritize work accordingly
Proven ability to take on significant responsibility with a sense of personal accountability and urgency for achieving results
Willingness to work long hours in a demanding, highly focused, and collaborative team environment
Energetic self-starter who is flexible, organized, conscientious, proactive, and detail-oriented
Highly refined and professional verbal and written communications
Product knowledge, technical expertise, transaction execution and negotiation skills
A BS/BA degree or higher in business administration, economics, finance, or related field
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 FINRA 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.
Information will be shared about expectations during the recruitment process.

Nice To Haves

6+ months prior Investment Banking or Analyst Training Program experience
prior experience in structured products and/or capital markets through work experience/internships, training, or education a plus
Prior experience in or related to securitization is a plus

Responsibilities

Assist in the marketing, origination, execution and portfolio management of lending facilities and capital markets transactions
Work as part of a client coverage team in creating marketing materials for securitizations and handling investor requests
Develop rating agency correspondence, term sheets, underwriting memos, as well as examining legal documentation
Support senior bankers on the deal team, through active involvement in all aspects of the deal origination and execution process
Closely partner with various constituencies across Wells Fargo, including Credit Risk, Sales and Trading, Syndicate, Investment Banking Coverage, Corporate Banking Coverage, DCM, Leveraged Finance, Compliance, and Legal
Manage the flow of mortgage collateral data including mapping data fields, generating reports, running models, producing valuations and interpreting results
Monitor market conditions and collateral performance, reporting key metrics and contributing to risk discussions with internal partners
Utilize technical and market knowledge to provide insights on mortgage-related assets for various purposes including financing arrangements, RMBS structures and client advisory activities