About this role:
Wells Fargo, CIB Fund Finance Group is seeking an Investment Banking Program Associate to join its Charlotte or New York office.
The Fund Finance Group provides fund-level financing to private equity funds and other asset managers through structured credit facilities. Fund Finance is part of the Corporate and Investment Bank (CIB).
The Investment Banking Program Associate 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 within the assigned portfolio. The Program Associate role includes both (i) structuring, credit analysis, and execution of new subscription facilities and (ii) maintenance (including ongoing credit 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 include:
Creating pitches/term sheets
Preparing borrowing base calculations in excel
Leading due diligence meetings
Writing detailed credit memos
Working closely with internal and external counsel to negotiate legal documentation; 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 include:
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 team portfolio.
Both aspects of the role include meaningful direct client interaction and interaction with Credit. The Fund Finance team also works closely with the Syndications team, other product groups (e.g. FX and treasury management), and relationship coverage platforms across the institution.
Required Qualifications:
2+ years of Investment Banking Program experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Desired Qualifications:
2+ 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 with originating and monitoring subscription facilities, asset backed finance, securitization, or other structured products
Familiarity with private equity funds.
Formal credit training program
CFA.
Excel modeling and/or VBA experience.
Strong analytical skills with high attention to detail and accuracy
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
Credit underwriting experience
Experience in structured finance or investment banking is preferred
Experience in fixed income capital markets, fixed income private placement market, or loan market/corporate finance
Experience reading, negotiating, and/or interpreting legal documents
Leadership experience and/or experience training others in a relevant professional capacity
Able to review and interpret financial statements
Experience monitoring covenants and client reporting
High level of personal motivation. Does more than what is asked for and anticipates questions/issues.
Direct client interaction experience, including some experience interacting with senior decision makers.
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.
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
This position may require you to meet FINRA registration requirements, which states that Associated Persons (AP) cannot be subject to statutory disqualification, in addition to regulatory and compliance requirements, including successful completion of criminal and regulatory checks and disclosure reviews
Additional Compensation Details:
Base pay range for NY and NC: $175,000-$200,000
May be considered for an annual discretionary bonus
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.
$120,400.00 - $287,600.00
Benefits
Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit Benefits - Wells Fargo Jobs (https://www.wellsfargojobs.com/en/life-at-wells-fargo/benefits) 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:
22 Aug 2025
*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 (https://www.wellsfargojobs.com/en/diversity/disability-inclusion/) .
Drug and Alcohol Policy
Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy (https://www.wellsfargojobs.com/en/wells-fargo-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.
Req Number: R-476601
