Alternative Investments Financing Lead Wealth Underwriter

About this role:

At Wells Fargo, we are looking for talented people who will put our customers at the center of everything we do. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.

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Wells Fargo is seeking a Lead Wealth Underwriter in the Banking, Lending, & Trust's (BL&T) center of excellence within Wealth & Investment Management (WIM). As part of its vision for a flatter, more nimble organization that is easier to do business with, WIM has created horizontal functions known as centers of excellence to support all client coverage channels. BL&T is a center of excellence that brings teams and functions across WIM’s consumer businesses under a common, WIM-level organization.

The Underwriter will be on the Alternative Investments Financing team providing custom credit solutions focused on credit delivery to Private Capital and Hedge Fund Managers, as well as to family offices and Ultra High Net Worth individuals with significant Private Capital and Hedge Fund investment portfolios.   

In this role, you will:

• Maintain a subject matter expertise in the Alternatives Asset industry, to include Private Capital and Hedge Funds
• Perform financial analysis and underwriting and structuring of highly complex Custom Credit Banking relationships secured by Alternative Assets. The foregoing may include analyzing business financial statements and tax returns
• Responsible for the efficient and timely analysis and underwriting of highly complex borrower, financial and Alternative collateral circumstances
• Responsible for highly complex credit structuring and communicating recommendations verbally and in writing
• Drive private banking credit execution to deliver high quality custom credit solutions to existing and new clients while meeting goals for asset quality, banking revenue, and profitability
• Regularly monitor existing portfolio and communicate findings and recommended solutions to management in a timely manner. This will assist with leadership decisions in credit risk management and ensure credit portfolio satisfactory risk exams
• Meet with clients in partnership with a Custom Credit Banker in a client advisory role and in credit negotiations, as required
• Collaborate and consult with more experienced management and regional teams on the timely completion of work and progress
• Lead complex initiatives within a large geographical region to deliver high quality custom credit solutions with broad impact
• Provide leadership and guidance to others
• Exercise independent judgment and work with no direct supervision

Required Qualifications:

• 5+ years of Wealth Underwriting experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:

• A background in wealth, commercial, or corporate lending/underwriting.
• Familiarity with esoteric collateral with emphasis on alternative assets, as well as illiquid stock, life insurance, art, etc.
• Thorough knowledge of financial accounting theory and logic, loan structuring, and banking products and services
• Excellent credit skills: ability to develop, negotiate, and document a broad range of loan types, structures, and complex requests
• Demonstrated ability to make sound, independent business and credit decisions
• Ability to independently negotiate/structure legal documents with the use of external counsel.
• Strong interpersonal communication skills and partnering skills

Job Expectations:

• This position offers a hybrid work schedule
• This position is not eligible for Visa sponsorship
• 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.

Job Location:

• 550 S Tryon St, Charlotte NC, 28202
• 90 S 7th St, Minneapolis MN, 55402
• 2801 Market St, F&L Bldg, St Louis MO 63103
• 250 E John Carpenter Frwy, Irving TX 75062
• 800 S Jordan Creek Pkwy, West Des Moines IA, 50266
• 461 From Rd. Paramus, NJ 07652

Pay Range
 

Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to demonstrated examples of prior performance, skills, experience, or work location. Employees may also be eligible for incentive opportunities.

Posting End Date:

*Job posting may come down early due to volume of applicants.

We Value Equal Opportunity

Wells Fargo is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.

Employees 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.

Applicants with Disabilities

To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo.

Drug and Alcohol Policy

Wells Fargo maintains a drug free workplace.  Please see our Drug and Alcohol Policy to learn more.

Wells Fargo Recruitment and Hiring Requirements:

a. Third-Party recordings are prohibited unless authorized by Wells Fargo.

b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.