Wells Fargo, CIB Fund Finance Group is seeking an Investment Banking Vice President to join its Charlotte or New York office.
The Fund Finance Group provides financing to private equity funds and other asset managers through structured credit facilities. Fund Finance is part of the Corporate and Investment Bank (CIB). A Vice President on the Fund Finance Group will cover a portfolio of existing and prospective clients (fund sponsors) and will be part of lean deal teams that include senior and junior team members. The Vice President role includes structuring, legal negotiation, credit analysis, and execution of new subscription facilities as well as maintenance (including ongoing credit, re-structuring, and legal work), collateral analysis, and monitoring of existing Fund Finance credit facilities.
In this role, you will:
Manage day-to-day job responsibilities for new deals including:
Creating pitches/term sheets;
Preparing borrowing base calculations in Excel;
Leading due diligence meetings;
Act as the lead banker on driving internal underwriting and credit approval process, including writing detailed credit memos and leading internal discussions with credit partners;
Working closely with internal and external counsel to negotiate legal documentation;
Work with clients to understand financing needs and provide tailored solutions including structuring transaction deal terms; and
Working closely with analysts and internal partners to manage internal compliance, booking, and funding processes.
Manage day-to-day job responsibilities for existing deals including:
Maintaining client relationships, including researching and reconciling questions/discrepancies and proactively ensuring that all deal requirements are met;
Negotiation, structuring, and execution of amendments and other facility modifications;
Supporting team members in collateral analysis and compliance tracking;
Monitoring financial performance and internal credit ratings of borrowers and limited partners;
Periodic client due diligence;
Annual reviews; and
Contributing to portfolio analysis across the broader Fund Finance Group portfolio.
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.
Required Qualifications:
7+ years of Investment Banking experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Desired Qualifications:
7+ years of front office or credit experience at a major firm with a focus in finance
Bachelor's Degree in Business, Finance, Accounting, Math, Economics or Engineering (or MBA)
Experience in structured finance or investment banking is preferred
Direct client interaction experience, including experience leading relevant transaction elements and interacting with senior decision makers
Leadership experience and/or experience training others in a relevant professional capacity
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
Strong analytical skills with high attention to detail and accuracy
Excellent verbal, written, and interpersonal communication skills
Experience with originating and monitoring subscription facilities, asset backed finance, securitization, or other structured products
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.
Job Expectations:
Ability to travel up to 15% 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.
Pay Range
Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to achievements, skills, experience, or work location. The range listed is just one component of the compensation package offered to candidates. $173,300.00 - $359,900.00 Benefits
Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit Benefits - Wells Fargo Jobs for an overview of the following benefit plans and programs offered to employees.
Health benefits
401(k) Plan
Paid time off
Disability benefits
Life insurance, critical illness insurance, and accident insurance
Parental leave
Critical caregiving leave
Discounts and savings
Commuter benefits
Tuition reimbursement
Scholarships for dependent children
Adoption reimbursement
Posting End Date: 20 Oct 2024 * Job posting may come down early due to volume of applicants.
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