Wealth Custom Lending Specialist

Wells Fargo & Company•Paramus, NJ

2d•$92,000 - $145,000

About The Position

At Wells Fargo, we are looking for talented people who will put our customers at the center of everything we do. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you. Wealth & Investment Management (WIM) is one of the United States' leading providers of financial and investment services. We offer a full range of personalized wealth management, investment, planning, and retirement products and services to help meet clients' unique needs and to help them pursue their financial goals more confidently. We bring together subject matter expertise, products, and services, so it's easier for clients to do business with us and for advisors to support their clients. Banking, Lending, & Trust (BL&T) unlocks access to Wells Fargo Bank products and services to high-net-worth and ultra-high-net-worth individuals and families based on needs related to banking, custom lending, and trust services. These bank specialists leverage resources, valuable research, relationships, custom solutions, and highly tuned strategies to address clients' unique needs and aspirations. Provides support to WIM in providing services to affluent, high net worth and ultra-high net worth individuals, families, family offices and charities. BL&T further provides legal guidance on a variety of banking and fiduciary topics including investment management, general trust administration, specialty trusts, custody, tax, specialty assets, regulatory, privacy, ecommerce, deposit relationship and strategy, and business strategies. The section also provides support to the WIM Diverse Segments group, including WIM referral activity. About this role: Wells Fargo is seeking a Wealth Custom Lending Specialist... Working at Wells Fargo | Jobs and Careers at Wells Fargo (wellsfargojobs.com) In this role, you will: Participate in marketing custom lending solutions across the Wells Fargo platform Partner with senior level specialists to deliver Custom Lending solutions to high-net-worth clients Recommend structure of credit opportunities and assist in negotiating deal terms directly with clients In conjunction with senior level specialists, present deals to Independent Risk Management, along with underwriting teams, for final approval Assist in new custom credit origination and care for more routine/less complex portfolio management (including ongoing financial reporting, out of margin resolution, renewal of maturing credit facilities, etc.) Develop deeper understanding of custom lending to partner with relationship managers. Make recommendations on situations requiring understanding of the Wealth Custom Lending functional area policies, procedures, and compliance requirements Collaborate and consult with Wealth Custom Lending peers, colleagues, and managers to resolve issues and achieve goals

Requirements

2+ years of Custom Lending experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
US only: Obtaining and/or maintaining appropriate Financial Industry Regulatory Authority (FINRA) license(s) is required for ongoing employment in this position.
FINRA Series 7 and 66 examinations, or equivalent must be completed within either a 90 or 180-day time period following commencement of employment, depending upon the number of license(s) needed if not immediately available to transfer upon hire. FINRA recognized equivalents will be accepted. This will be communicated at time of offer acceptance.
Registration for FINRA Series 65 or 66 must be completed prior to conducting Investment Advisory business.
Compliance with state law registration and licensing requirements is mandatory.
In addition to state registration and licensing requirements, specific product licenses or SAFE licensing may apply.
Additional requirements include meeting enhanced financial fitness and criminal background standards.
Wells Fargo will initiate the FINRA licensing review process at the time of offer acceptance.
For specific FINRA qualification exams obtained after 9/30/2018, the Securities Industry Essentials (SIE) exam co-requisite is required.
Specific compliance policies may apply regarding outside activities and/or personal investing; affected employees will be expected to provide information to the Wells Fargo Personal Account Dealing Team and abide by applicable policy requirements if hired.

Nice To Haves

Private Banking, Corporate Banking or Commercial Lending experience
Excellent sales and relationship management skills
Knowledge of traditional banking products
Credit risk experience
FINRA registration including Series 7 and 66 (or FINRA recognized equivalents)

Responsibilities

Participate in marketing custom lending solutions across the Wells Fargo platform
Partner with senior level specialists to deliver Custom Lending solutions to high-net-worth clients
Recommend structure of credit opportunities and assist in negotiating deal terms directly with clients
In conjunction with senior level specialists, present deals to Independent Risk Management, along with underwriting teams, for final approval
Assist in new custom credit origination and care for more routine/less complex portfolio management (including ongoing financial reporting, out of margin resolution, renewal of maturing credit facilities, etc.)
Develop deeper understanding of custom lending to partner with relationship managers.
Make recommendations on situations requiring understanding of the Wealth Custom Lending functional area policies, procedures, and compliance requirements
Collaborate and consult with Wealth Custom Lending peers, colleagues, and managers to resolve issues and achieve goals