2022 Wells Fargo CIB Sales & Trading Summer Analyst Program

 

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

 

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 duration of the Summer Analyst program is 10 weeks and opportunities are available in Charlotte and New York with limited opportunities available in Houston and San Francisco.

 

Corporate & Investment Banking 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.

The sales and trading team delivers a comprehensive set of capital market products and solutions to the broader Wells Fargo customer base, ranging from distribution of public debt and equity products to hedging interest rates, commodity and equity risks. You may be placed in one of the following businesses:

Macro:

Credit Sales & Trading: Addresses client investment needs and objectives through the distribution and placement of underwritten deals, as well as by providing and facilitating secondary market liquidity and other resources. The Credit Business is comprised of 3 sub businesses:

o   High Grade Sales and Trading

o   Loan and Distressed Sales and Trading

o   High Yield Sales and Trading

Asset Backed Sales and Trading: Conducts market making activity to meet the needs of clients, including Wells Fargo Home Lending. Clients include money managers, REITS, hedge funds, banks, insurance companies, etc. The desks also play a large part in the support of and distribution of new issue origination. The ABF business is comprised of 3 sub businesses:

o   RMBS Sales and Trading

o   CMBS Sales and Trading

o   ABS Sales and Trading

Municipal Sales, Trading, Underwriting & Credit Strategy: This business is dedicated to providing value to both issuer and investor clients. The desk is focused on the origination, trading, and successful distribution of tax-exempt and taxable municipals bonds. Underwriters work closely with issuing clients and investment bankers to help provide financing solutions for municipalities. The trading desk consists of High Grade, High Yield, Electronic, Taxable, & Middle Market trading teams, and these group focus on providing liquidity, trade ideas, and market color to investor clients. Dedicated salespeople focus on the successful distribution of municipal products and delivering valuable trade ideas to top-tier institutional clients nationwide including Mutual Funds, Asset Managers, Insurance Companies, Banks, Hedge Funds and other accounts. Our team of credit strategists ensure the desk and our clients are informed of credit information, news, and other market developments. These teams work closely to ensure Wells Fargo provides the best solutions to our municipal customers.

o   Municipal Sales & Trading

o   Municipal Derivatives Marketing

The Equity Research group conducts independent research and analysis on nearly 1,000 public equity securities, maintaining financial projections, investment recommendations, and price targets. The group serves its institutional investor client base by providing differentiated, anticipatory perspectives at the sector, industry, and issuer levels. Wells Fargo’s Equity Research department has been recognized for its expertise, depth, and accuracy of projection by various independent polling organizations.

 

Global Exchange Trade Services (Futures Commission Merchant (FCM)): Global Exchange Traded Services (FCM) delivers high-quality execution and clearing of futures and options, and the clearing of OTC derivatives to corporate and institutional customers globally. We provide “high-touch” voice brokerage for futures and options, direct market access for self-execution of futures and options, customized clearing services, a single point of contact across cleared OTC and listed futures products. Our mission is to help Wells Fargo customers meet their risk management needs by providing them with effective and convenient access to the derivative markets through full-service execution and clearing of exchange-traded and over-the-counter (OTC) derivatives.

The 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.

Summer Analysts assume significant responsibility that may include:

 

Team members support our focus on building strong customer relationships via a strong risk mitigating and compliance-driven culture, both critical to the success of our customers and company.  Collectively, we 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.

Summer Analysts must demonstrate a combination of academic aptitude, analytical skills, personal motivation, distinguished written and verbal communication and presentation skills, excellence in working effectively as an individual and as part of a team, and an ability to manage multiple projects and deadlines simultaneously. It is preferred that your background includes:

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.

 

For more information on Corporate & Investment Banking and our Analyst programs, please visit https://www.wellsfargojobs.com/university-programs.

 

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.

 

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.

 

 

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 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.

 

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