At Wells Fargo, we want to satisfy all our customer's financial needs and help them succeed financially. We're looking for motivated and talented people who will put the customer at the center of everything we do. Join our diverse and inclusive team where you'll feel challenged, valued and inspired to contribute your unique skills and experience.
Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.
Commercial Banking provides financial solutions to businesses across the United States and globally, with annual sales generally in excess of $5 million. Its business lines include Middle Market Banking, Commercial Capital, and Treasury Management, as well as the Chief Operating Office and Control organizations which support and monitor the businesses.
Financial Analyst Program Overview
The Financial Analyst Program is a-multi-faceted early talent program that incorporates two avenues to develop you for your future career in Middle Market Banking.
The first is a centralized enterprise program that provides four extensive training sessions and coaching to build your analytical and interpersonal skills.
The second is a line of business-specific program offered by the Middle Market Banking team in two-stages. The Middle Market Banking program's focus is on credit underwriting skills, as well as, career development and enrichment activities. Our goal is to provide you the knowledge and skills to successfully develop and manage our client relationships.
Middle Market Banking Financial Analyst Program Overview Development Hub Stage You will begin your program in our Development Hub located in Charlotte, NC. During this six-month stage, you will participate in numerous credit learning activities and develop your credit underwriting skills through on-the-job credit report preparation. You will also engage in various career development and enrichment activities, such as volunteer events, conversations with senior leaders, discussions with product partners and team building events. Upon successful completion of this six-month stage, you will transition to a Middle Market Banking Office (MMBO), Specialized Industries Team (SI Team), or Credit Execution and Portfolio Management Team (CE&PM Team). Offers can be for a specific MMBO, SI team, CE&PM team, or a MMB metropolitan area, or region of the country. If a MMB metropolitan or regional offer, your placement location will be determined prior to completion of the six-months in the Development Hub. Middle Market Banking/Specialized Industries/ Credit Execution and Portfolio Management Office Stage Upon your transition to a MMBO, SI team, or CE&PM team, you will work alongside experienced Middle Market Bankers to further deepen your knowledge and develop your analytical, underwriting and relationship management skills by actively participating in your team's day-to-day customer and prospect management activities. Your opportunity in Middle Market Banking
Wells Fargo Middle Market Banking delivers a comprehensive suite of products and industry expertise to serve the diverse financial needs of companies with annual sales typically ranging from $5 million to $2 billion. As a leader in serving commercial customers, Wells Fargo offers financial services including credit and treasury management solutions as well as specialized expertise across industries through various platforms. This opportunity is for the following platform:
Credit Execution and Portfolio Management (CE&PM): Three groups within this team provide consistent, efficient, and comprehensive credit underwriting and portfolio management support to Middle Market Banking's customers. The groups include Credit Services, Portfolio Services, and Real Estate Portfolio Services.
Your Role as a Middle Market Banking Financial Analyst
Analyze the strengths and weaknesses of a company's business and management team
Conduct in-depth industry research to identify key drivers, challenges, and trends that are most relevant
Monitor and evaluate customer financial and operational performance and how each may impact overall risk management and assessment
Partner with relationship managers to structure multi-million dollar credit transactions
Prepare credit underwriting memorandums, including recommendations, key risk factors, sources of repayment, cash flow modeling, leverage profile assessment and ability to service debt
Review legal documentation that outlines the terms and conditions of approved loans
Assess and understand client needs to effectively identify other Wells Fargo products and services that can help clients achieve their goals
Engage in creative thinking and idea generation to prepare discussion materials that focus on issues impacting the company and prepare relationship managers for client or prospect dialogue
Participate in customer meetings, due diligence visits and other client interactions to gain exposure to company management teams and their interactions with senior bankers, if you are in a MMBO or SI office.
YOUR NEXT STEP
Financial analysts who successfully complete the program are on their way to a long-term career. The program is ideal for preparing you for a relationship or credit risk management role, in which you will support customer relationships by working with a customer's business principals to understand their short- term and long-term needs and to structure the financing and banking products that help them achieve their goals.
** Those considered for the program will be a recent graduate or a Bachelor's degree candidate with an expected graduation date in December 2020, to start in January 2021**
Team members support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit's risk appetite and all risk and compliance program requirements.
Wells Fargo will only consider candidates who are presently authorized to work for any employer in the United States and who will not require work visa sponsorship from Wells Fargo now or in the future in order to retain their authorization to work in the United States.
6 months of experience in one or a combination of the following: financial analysis, credit analysis, statistical analysis, or statement spreading demonstrated through work or military experience; or BS/BA degree or higher granted prior to hire date
Ability to work in a fast-paced deadline driven environment
Effective organizational, multi tasking, and prioritizing skills
Excellent verbal, written, and interpersonal communication skills
High level of initiative and accountability
Intermediate Microsoft Office skills
Solid problem solving and decision making skills
Strong analytical skills with high attention to detail and accuracy
Other Desired Qualifications
Bachelor's Degree with an expected graduation date in December 2020
Proven leadership, self-motivation and success through internships, part-time or full-time work, and/or extracurricular activities
All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.
Relevant military experience is considered for veterans and transitioning service men and women. Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.
Internal Number: 5554255
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through 7,400 locations, more than 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 32 countries and territories to support customers who conduct business in the global economy. With approximately 260,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 29 on Fortune’s 2019 rankings of America’s largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.
www.wellsfargo.com | Twitter: @WellsFargo