JOB DESCRIPTION

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WELLS FARGO CIB SUMMER ANALYST 2020

At Wells Fargo, we want to satisfy our customers’ financial needs and help them succeed financially. We’re looking for talented people who will put our customers at the center of everything we do. Join our diverse and inclusive team where you’ll feel valued and inspired to contribute your unique skills and experience.

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

When you start your career with Wells Fargo Corporate & Investment Banking, you’re joining a team that is committed to your development now and over time. We are also deeply committed to the communities we serve, and to creating an environment where each team member’s unique skills, experience, and backgrounds are embraced. We pride ourselves on being ranked the 14th Best Company for Diversity and the Top Company for LGBT employees by Diversity Inc., and on our perfect score of 100 on the Corporate Equality Index by the Human Rights Campaign.

2020 WELLS FARGO CORPORATE & INVESTMENT BANKING (“CIB”) SUMMER ANALYST PROGRAM The Summer Analyst Program provides the opportunity to gain exposure and experience working for one of the most well regarded financial institutions in the world; learn about our business and the many careers and professional development opportunities; expand personal and professional networks; incorporate knowledge gained in school while learning new skills and interviewing for future career opportunities at Wells Fargo. The Summer Analyst Program offers students three main tracks: Corporate Banking, Investment Banking and Sales and Trading. The duration of the Summer Analyst program is ten (10) weeks and opportunities are primarily available in Charlotte, New York and San Francisco, with limited opportunities available in, but not limited to, Houston, Los Angeles and Washington, D.C. The Investment Banking track includes the following groups below:

INVESTMENT BANKING OVERVIEW The Investment Banking (“IB”) group, which is organized by industry or product, is dedicated to understanding the unique competitive and operating environments of our clients.  The group combines strong relationships and industry knowledge with superior capital markets and advisory capabilities that includes debt and equity underwriting, mergers and acquisitions, and loan syndications.  The team maintains active relationships with a broad universe of middle market, large corporate, financial sponsor and institutional clients, and is highly experienced in delivering exceptional execution.  You may be placed in an Industry Coverage or a Product Group. INVESTMENT BANKING INDUSTRY COVERAGE TEAMS Provides a full range of investment banking and advisory services to clients in the following industries:

• Consumer & Retail
• Energy & Power
• Financial Institutions
• Healthcare
• Industrials
• Real Estate, Gaming, Lodging and Leisure (REGAL)
• Regional Investment Banking
• Technology, Media & Telecommunications

INVESTMENT BANKING PRODUCT TEAMS

Provides a full range of execution capabilities and services to clients in the following products:

• _Corporate Finance _
• Syndicated & Acquisition Finance
• _Mergers and Acquisitions _
• Real Estate Syndicated Finance
• Leveraged Finance
• Equity Capital Markets
• Global Institutional Client Group/Financial Sponsors
• High Grade Debt Capital Markets

ASSET-BACKED FINANCE OVERVIEW The Asset-Backed Finance (“ABF”) group provides direct structured lending, in addition to the underwriting and distribution of asset-backed securities, for clients who access the bond markets through securitizations.

There are 5 Asset Classes under the ABF umbrella, with two cross functional groups supporting the organization:

• Consumer Finance Group (“CFG”) provides warehouse financing and capital markets solutions to specialty finance companies that originate consumer receivables including credit cards, auto loans/leases and unsecured consumer loans.
• Corporate Debt Finance (“CDF”) provides structured finance warehouse facilities and term ABS securitization solutions to investors and asset managers that invest in corporate loans.
• Subscription Finance Group (“SFG”) provides revolving and term Subscription Commitment Facilities to a broad range of domestic and European fund types (LBO, venture, real estate, energy, infrastructure).
• Commercial Operating Asset Finance (“COAF”) team provides warehouse and permanent financing, as well as capital markets solutions, to asset-rich clients by leveraging tangible assets with long-term stable cash flows (e.g. containers, aircraft, railcars, cell towers, billboards).
• Mortgage Finance Group (“MFG”) provides warehouse and permanent financing as well as capital markets solutions to companies and investors that own, originate or invest in residential real estate loans and mortgage backed securities

INVESTMENT PORTFOLIO OVERVIEW The Investment Portfolio (“IP”) group is comprised of public investments for the Credit Investment Portfolio, public investments for the Macro Investment Portfolio, and the Reinsurance business and manages over $400B for the Bank.

With team members in offices located across North America, IP is comprised of several core businesses, including credit-sensitive investments, macro strategies, portfolio analytics, reinsurance, and infrastructure.

• _Credit Investment Portfolio _evaluates credit-driven investment opportunities, on a risk-adjusted return basis, across a broad spectrum of asset classes, including loans, fixed income securities, structured products, and municipal bonds.
• _Portfolio Coverage _is organized by both asset class and industry sector.  
• _Macro Investment Portfolio _manages Wells Fargo's liquidity and interest rate risk, with oversight by the Corporate Asset & Liability Committee, the Treasurer, CFO, and CEO.
• _Reinsurance _is comprised of analysts and actuarial professionals who manage surplus relief and rider-only variable annuity solutions for clients, as well as the Bank Owned Life Insurance (BOLI) program.
• Infrastructure Team coordinates and delivers support across the portfolio, including program and initiative management for all asset classes, risk/regulatory and governance program implementation, as well as staff support activities. The group is led by the Chief Investment Officer of Wells Fargo.

PUBLIC FINANCE OVERVIEW The Public Finance group is responsible for originating and structuring transactions for municipal and not-for-profit issuers, including capital raising solutions for governments, education & nonprofit and nonprofit healthcare institutions. 

Clients are covered by geographic and industry specific teams:

• Atlantic, Northeast, Midwest, Southern and West
• Utilities & Corporate Backed, Education & Nonprofit, Nonprofit Healthcare, Transportation, and Housing
• Public-Private Partnerships and Sports Finance

FIXED INCOME RESEARCH OVERVIEW The Fixed Income Research group provides published research and analysis on fixed income bonds and securities across government, agency, municipal, corporate and structured product issuers. The research is independent and client centric with an emphasis on fundamental analysis, technical trends and relative value. The team of top ranked analysts are nationally and internationally regarded as best in class with deep industry knowledge and market insight.

ECONOMICS OVERVIEW The Economics group provides research and analysis on international, national, and regional economic trends to help serve our clients’ business and financial needs. Our experienced economists have been featured in many national publications, academic and economic journals, and on popular television and radio programs. As one of the most-respected economic research organizations in the industry, Bloomberg News has named it a top economics team for the past five years.

TRAINING The IB Summer Analyst Program is designed to provide undergraduate students an in-depth understanding of the day-to-day responsibilities of a full-time team member.  Summer Analysts receive a comprehensive professional and educational experience through on-the-job training by joining a business group and working alongside team members who are experts in their fields. In addition, the program offers organized activities that allow Summer Analysts to receive analytical training, meet senior executives, and network with other participants across business lines.

RESPONSIBILITIES IB Summer Analysts, depending on the group to which they are assigned, assume significant responsibilities that may include:

• Developing and maintaining models to depict projected financial results and to value companies
• Working closely with senior bankers to prepare presentations and other materials for clients
• Performing comprehensive and in-depth company and industry research
• Participating in strategic planning and assisting in the execution of advisory services
• Conducting financial and credit analysis, preparing credit packages, and monitoring existing deals
• Participating in client meetings, due diligence visits, and other client interactions to gain exposure to key executives and senior bankers

Team members 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.

FULL-TIME ANALYST OPPORTUNITIES Based on outstanding performance, Summer Analysts may receive an offer to join a business within Corporate & Investment Banking upon receiving their college degree.  Prior to starting in an office, analysts participate in a comprehensive training program in Charlotte.  The training brings together all the analysts from various lines of business and includes classroom instruction in financial accounting, cash flow, credit analysis, financial modeling, valuation, and market fundamentals.

DESIRED QUALIFICATIONS

• Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment
• Ability to work effectively, as well as independently, in a team environment
• Ability to work in a fast paced deadline driven environment
• Excellent verbal, written, and interpersonal communication skills
• Strong analytical skills with high attention to detail and accuracy

OTHER DESIRED QUALIFICATIONS

Summer Analysts must demonstrate a combination of academic aptitude, quantitative skills and personal motivation. It is preferred that your background includes:

• Demonstrated interest in finance and the financial markets
• Proven ability to take on significant responsibility
• Energetic self-starter who is flexible, organized, conscientious, and proactive
• An individual who demonstrates a sense of personal accountability and urgency for achieving results
• Dedication to building a career in the financial services industry
• Relevant internship experience
• Bachelor’s degree with an expected graduation in December 2020 or May/June 2021

DISCLAIMER

All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act. Relevant military experience is considered for veterans and transitioning service men and women. Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.

_WELLS FARGO WILL NOT SPONSOR VISAS FOR THESE POSITIONS, AND WILL NOT HIRE INDIVIDUALS WHOSE WORK ELIGIBILITY IS BASED ON THEIR F-1 OR OTHER STUDENT VISA STATUS. CANDIDATES MUST BE AUTHORIZED TO WORK IN THE UNITED STATES ON A PERMANENT BASIS. _

Wells Fargo Corporate & Investment Banking is the trade name for the corporate banking, capital markets and investment banking services of Wells Fargo & Co. and its subsidiaries, including but not limited to Wells Fargo Securities, LLC, member of NYSE, FINRA, NFA and SIPC, Wells Fargo Prime Services, LLC, member of FINRA, NFA and SIPC, and Wells Fargo Bank, N.A. Wells Fargo Securities, LLC and Wells Fargo Prime Services, LLC, are distinct entities from affiliated banks and thrifts.

Wells Fargo’s historical bank has been serving communities since 1852—with customers in one in three households nationwide and 8,700 locations across 33 countries. Wells Fargo—“Most Admired” among the world’s largest banks by Fortune magazine—offers an extensive portfolio of banking, mortgage, insurance, investment, consumer, and commercial expertise for every financial need. The Vision, Values & Goals of Wells Fargo details the enduring principles that guide all Wells Fargo team members in the work they do every day — in serving customers and helping each other.