Corporate Banking Associate - Renewables

About This Role

Corporate & Investment Banking ("CIB") delivers a comprehensive suite of capital markets, banking, and financial products and services. A trusted partner to our clients, we provide corporate and transactional banking; commercial real estate lending and servicing; investment banking; equity; and fixed income solutions including sales, trading, and research capabilities to corporate, commercial real estate, government, and institutional clients across the globe.

Wells Fargo is seeking a Corporate Banking Associate to support CIB Banking's Energy & Power Renewables & Asset Finance ("RAF") team. The Renewables Portfolio Management team supports the portfolio management activities associated with a growing portfolio of loans (>$4B of commitments) with significant activity including refinancings, monitoring project finance deals, waivers, and amendments.

The Corporate Banking Associate will report to the Energy & Power Head of Portfolio Management.

Wells Fargo's growing RAF business is an integral part of the Power, Utilities & Renewables ("PUR") group within Energy & Power, providing financing, capital markets and advisory services to corporate clients. Our coverage universe includes renewable developers, independent power producers, infrastructure / private equity funds and utilities globally. The PUR group is a market-leading franchise in the sector, including top ranked positions in the equity and debt capital markets league tables.

In This Role, You Will

• Support the management of a portfolio of loans originated by the RAF team, including structured financing and corporate facilities, including performing financial and credit analysis
• Perform monthly monitoring of construction financings for renewable assets (wind, solar, and energy storage), reviewing progress and monthly draws, working collaboratively with the Independent Engineer
• Coordinate with operational teams for all day-to-day activity for the loans, including draws and issuances of Letter of Credit
• Review and interpret credit policies and procedures and incorporate requirements into credit analysis, observations and monitoring
• Perform all credit monitoring work including annual reviews, status updates and focus reviews for the assigned portfolio, accounting for all risk factors and providing risk rating recommendations with oversight from the Portfolio Manager; provide support for audits
• Manage communication between Borrowers and the syndicate of lenders for transactions where we act as Administrative Agent, in collaboration with the Leveraged Finance team
• Train and oversee analysts
• Represent the bank in maintaining relationships with clients
• Review credit agreements and contribute to the analysis and review of project documents including but not limited to Consultant Reports, Power Purchase Agreements, Operations & Maintenance reports
• Collaborate and consult with peers, internal partners and stakeholders, including clients
• Contribute to regular reporting to credit and senior management on the portfolio, in collaboration with more senior staff - including but not limited to maintenance of transaction databases and comps for the team
  
  

Required Qualifications:

• 2 years of Corporate Banking Relationship Management experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
  
  

Desired Qualifications:

• Corporate Banking Program Analyst formal training with a Tier 1 bank
• Strong financial modeling, credit, accounting and technical skills with high attention to detail and accuracy
• Strong verbal, written, and interpersonal communication skills
• Demonstrated excellence in working effectively as an individual and as part of a team
• Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic, fast paced and complex environment
• High level of initiative and accountability
• Collaborative mindset and ability to work with team members who are in different locations (mainly: Charlotte, Denver, Houston)
• Ability to act with integrity, good character and exercise sound judgement
  
  

Job Expectations:

• Registration 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
• Ability to travel up to 10% of the time
  
  

Additional Compensation Details:

• Base pay for this position in MN is $125,000
• 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.

$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 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 Mar 2025

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

We Value Diversity

At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.

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.

Candidates applying to job openings posted in US: 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.

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

• Third-Party recordings are prohibited unless authorized by Wells Fargo.
• Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.
  
  

Reference Number

R-440145-2