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About this role:

At Wells Fargo, we are looking for talented people who will put our customers at the center of everything we do. We are seeking candidates who embrace diversity, equity and inclusion in a workplace where everyone feels valued and inspired.

Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.

Working at Wells Fargo | Jobs and Careers at Wells Fargo (wellsfargojobs.com)

Wells Fargo is seeking a **Senior** **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:

+ Perform diligence, analysis and underwriting of alternative investment funds which are the form of collateral or part of the custom loan structure

+ Work with internal risk management ongoing approval and inclusion as collateral of alternative investment funds

+ Monitor alternative investment funds on an ongoing basis, perform collateral reviews, coordinate all fund ratings and analysis with broader Wells Fargo, including CIB partners

+ Develop subject matter expertise in the Alternatives Asset industry

+ Responsible for the efficient and timely analysis and underwriting of highly complex loan structures, financial and 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

+ Provide leadership and guidance to others.

+ Exercise independent judgment and work with no direct supervision

Required Qualifications:

+ 7+ 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 fund/ alternative investment fund due diligence, counterparty credit risk management, fund underwriting, fund credit risk

+ Background in wealth & commercial lending/underwriting is preferred. Familiarity with collateral including alternative assets.

+ Ability to monitor a portfolio on an ongoing basis.

+ Be a subject matter expert in alternative investment funds, the market, and ongoing factors that affect these funds.

+ 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 in one of the listed locations

+ This position is not eligible for Visa sponsorship

Job Location:

+ 550 S Tryon St, Charlotte NC, 28202

+ 90 S 7th St, Minneapolis MN, 55402

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.

$111,100.00 - $197,500.00

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:

12 May 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-447420