JOB DESCRIPTION

Important Note: During the application process, ensure your contact information (email and phone number) is up to date and upload your current resume when submitting your application for consideration. To participate in some selection activities you will need to respond to an invitation. The invitation can be sent by both email and text message.  In order to receive text message invitations, your profile must include a mobile phone number designated as “Personal Cell” or “Cellular” in the contact information of your application.

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.

Commercial Banking provides financial solutions to businesses with annual sales generally in excess of $5 million. Our business lines are Wells Fargo Commercial Capital, Middle Market Banking, and Treasury Management & Payment Solutions.

Wells Fargo Commercial Capital

• A market-leading provider of working capital, investment capital, trust services, and sales financing solutions that help customers optimize liquidity and grow their business through their lifecycle

The WFCC Asset Based Lending Underwriting Analyst works in partnership with an Underwriting team on aspects of the new business transaction process. This includes leading efforts related to meeting compliance requirements.

Responsible for assisting in the underwriting and closing of a variety of transactions and assisting in prospect review and analysis, as described below:

• Analyze and understand the prospective client’s business and industry as they may apply to Know Your Customer (“KYC”) requirements, general compliance and understanding our client's regulatory compliance requirements
• Coordinate the due diligence process, including the coordination and analysis of third party due diligence, background checks, and general KYC
• Work and influence successfully within a matrix environment and build effective business partnerships with all levels of internal and external customers; actively participate in meetings with the prospective clients.
• Oversee seamless onboarding of new client; help to coordinate the transition to the Portfolio.
• Timely and accurately contribute to the completion of internal compliance requirements when due, i.e., KYC/BSA/AML (Cornerstone).
• Contribute and support the credit approval memo creation and due diligence process related to KYC, BSA/AML, background checks and general understanding of loan parties and principals of the transaction; identify critical transactional and structural risks for WFCF related to KYC, BSA/AML, background checks and general understanding of loan parties and principals to best protect WFCF’s interest; make sure critical issues are elevated to manager and/or senior Underwriter.
• Review all pertinent documentation supporting compliance/Cornerstone approval
• Manage the expectations of the prospect throughout the loan closing process through frequent  communication and provide regular updates of transaction status to relevant parties (internal and external).
• Complete all required compliance and regulatory training within prescribed timelines and due dates; satisfactory results from RAR and other internal reviews.

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.

REQUIRED QUALIFICATIONS

• 2+ years of commercial lending experience

OTHER DESIRED QUALIFICATIONS

• 2+ years of commercial lending experience related to KYC, BSA/AML, and general customer on-boarding requirements
• 3+ of customer service experience
• Experience in commercial banking environment
• Cornerstone and customer on-boarding experience

JOB EXPECTATIONS

• Ability to travel up to 5% of the time

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.

BENEFITS SUMMARY

BENEFITS  

Visit https://www.wellsfargo.com/about/careers/benefits for benefits information.