Wells Fargo & Company (NYSE: WFC) is a leading global financial services company with $2.0 trillion in assets and offices in over 37 countries. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides asset management, capital raising and advisory, financing, foreign exchange, payments, risk management, and trade finance services to support customers who conduct business in the global economy. At Wells Fargo, we want to satisfy our customers' financial needs and help them succeed financially. We also value the viewpoints of our team members and encourage them to be their best. Join our diverse and inclusive team where you will feel valued and inspired to contribute your unique skills and experience. 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. Learn more at our International Careers website .
Market Job Description
We are looking for final year students to join our UK Commercial Real Estate graduate programme which will start in September 2020. The successful candidates will be working in a front office function focused on the origination, execution and ongoing management/monitoring of real estate lending transactions.
The Well Fargo Commercial Real Estate division has consistently performed and have a leading market share in the US. In the UK, following a recent period of expansion including the acquisition of a UK real estate platform, the team is seeking to establish itself as the premier provider of real estate finance for the UK institutional market.
The UK CRE team use innovative and often complex debt structures to support investors across a wide spectrum of real estate assets located within the UK and Ireland. There is a focus on the core commercial asset classes of office, retail and industrial, however the business's mandate is broad, so analysts will gain exposure to a range of sectors and lending structures. Clients are both UK and internationally based with a particular focus on the US, and include some of the sectors best known UK Real Estate Investment Trusts (REITs), fund managers and large private property companies. Typical deal sizes average £50 - £75 million and the team completed approximately £1.5 billion of new business in 2018.
Training & Development
In addition to the day-to-day role of supporting the team, you will commence a three year graduate training course known as the Financial Analyst Programme ("FAP"). The FAP is attended by approximately 200 Wells Fargo graduate analysts each year joining the Wholesale side of the bank from across the US and globally. It offers a broad financial analyst education which is not real estate specific however most of the skills and knowledge you will acquire will be applicable in your everyday role. The training itself will be completed via a syllabus of online modules but will also include one week of every year spent in the US undertaking classroom training alongside fellow FAPs from across Wells Fargo's global offices. Whilst your primary focus in the bank will be supporting the real estate team, the FAP will give you a chance to interact with analysts from across the spectrum of wholesale banking products that Wells Fargo offers and will broaden your understanding of the financial services sector. Modules will include accounting fundamentals, advanced risk analysis and an introduction to capital markets. You will be mentored by a senior team member throughout your time on the FAP and will also be provided with more specific training relating to your role in the real estate business both online and in the office.
It is expected that analysts will balance their training with their primary function of assisting the real estate team and successful candidates will be working on live transactions from the outset.
Market Skills and Certifications
The successful candidates will be working with the UK Commercial Real Estate team from day one based in their office in Monument, London.
Primary functions/responsibilities will include:
Financial and cashflow analysis to assess and quantify key risks in new lending opportunities.
Analysis of the financial creditworthiness of companies. Often these will be tenants and borrowers.
Attend site visits of existing properties and potential new opportunities throughout the UK and Ireland.
Attend client meetings throughout the UK and Ireland.
Monitor and analyze conditions in specific real estate market sectors or locations by drawing on both the internal research team's opinions and external market research commentary/data.
Preparation of deal summary memorandums to assist in pitching new opportunities to relevant credit and senior business side.
Running internal models to assess transaction profitability and risk ratings.
Preparing ongoing loan monitoring reports on a periodic basis.
Helping new business origination by creating deal pitch documents.
Perform additional duties and project work which may be assigned to you or self-assigned if an opportunity becomes apparent.
A successful candidate must:
Have achieved/be on track for at least a 2:1.
A Masters or higher level degree will be considered an advantage but is not essential.
Have at least a basic grasp of Microsoft Excel.
Have an interest in finance and real estate and a desire to learn more.
Team culture is very important at WF CRE UK and so candidates must have strong interpersonal skills and express the ability to communicate effectively with clients and colleagues alike.
Possess good mathematical and written communication skills.
Be capable of managing their own time and workload.
Possess the ability to digest a range of information into succinct reports.
Demonstrate the ability to adapt to numerous roles.
Be able to work under pressure to complete tight deadlines.
We Value Diversity
At Wells Fargo, we believe in diversity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national or ethnic origin, age, disability, religion, sexual orientation, gender identity or any other status protected by applicable law. We comply with all applicable laws in every jurisdiction in which we operate.
Internal Number: 6592635
About Wells Fargo
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