Analytic Consultant
Wells Fargo
Bengaluru, KA, India
2d ago

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Description

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

About Enterprise Global Services

Enterprise Global Services (EGS) enables global talent capabilities for Wells Fargo Bank NA., by supporting over half of Wells Fargo's business lines and staff functions across Technology, Business Services, Risk Services and Knowledge Services.

EGS operates in Hyderabad, Bengaluru and Chennai in India and in Manila, Philippines. Learn more about EGS at our International Careers website.

Department Overview

The Financial Institutions Group is part of the Corporate and Investment Banking division of Wells Fargo Bank's Wholesale business.

The FIG Portfolio Management and Underwriting Unit supports Wells Fargo Bank in taking the right exposure on other banks / Financial institutions, by underwriting the credit of Financial Institutions across the Globe .

About the Role

The Financial Institutions Group (FIG) Credit Analyst protects Well Fargo's exposure by preparing quality credit underwriting for use by various Wholesale banking personnel.

Specifically, the FIG Credit Analyst evaluates banks and other financial institutions in different regions like Asia and the Indian sub-

continent, Europe, Latin America and the Middle East based upon standard and documented underwriting criteria as per Corporate and FIG Credit Policies.

The end-product of the underwriting activity is a timely and thorough review of the financial institution, with appropriate internal risk ratings assigned to the counterparty and acceptable justification of those ratings.

Primary duties include :

Timely and accurate credit reports of banks and other financial institutions including Non-Bank Financial Institutions (NBFI) in assigned geographic markets.

This includes extensive financial statement analysis of individual institutions and comparison to other peer institutions within the same country

  • In addition to the financial review, the analysis should incorporate current news on relevant topics or / and events related to the counterparty, its industry and country.
  • As part of the analysis, an accurate risk rating (including any changes from current rating) must be assigned to the institution, with adequate justification contained within the analysis to support the assigned rating.
  • Maintain credit files for assigned accounts.
  • May assist in internal and external exams by preparing the necessary credit folders for the exam. This will be done under direct supervision of the Portfolio Manager
  • Essential Qualifications

  • The candidate will typically be an MBA (Finance / Banking), Chartered / Cost and Management Accountant / Post Graduate in economics having 3-
  • 5 years of corporate credit underwriting / 1-2 years of bank underwriting experience, having worked in the credit department of whole sale banks / credit rating agencies

  • In addition, it is desirable that the candidate have basic familiarity with credit reports from Rating Agencies and bank Credit Analysis such as Fitch Ratings, S&P and Moody's.
  • Familiarity with various reports from websites maintained by Central Banks and Banking and Supervisory Agencies in countries in assigned geographic markets.
  • The ideal candidate should have practical experience of 1-2 years of Financial Institutions credit analysis, however, strong knowledge of corporate credit analysis will be considered equal pre-
  • qualification to apply.

  • Must have effective financial analysis research and note writing skills, with a strong command of English.
  • Must be adept at using electronic spreadsheets and word processing, with reasonable command over advanced excel functionalities
  • Desired Qualification

    Adept at advanced excel functionalities and working with voluminous data points in excel.

    Market Skills and Certifications

  • The candidate will typically be an MBA (Finance / Banking), Chartered / Cost and Management Accountant / Post Graduate in economics having 3-
  • 5 years of corporate credit underwriting / 1-2 years of bank underwriting experience having worked in the credit department of whole sale banks / credit rating agencies

  • In addition, it is desirable that the candidate have basic familiarity with some of the following resources :
  • Rating Agencies and bank Credit Analysis : Fitch Ratings, S&P and Moody's.
  • Other publications : various reports from or websites maintained by Central Banks and Banking and Supervisory Agencies in countries in assigned geographic markets.
  • Spreadsheets : SNL
  • Although it is required that the candidate have knowledge of Financial Institutions credit analysis, strong knowledge of corporate credit analysis will be important.
  • Must have effective financial analysis research and note writing skills, with a strong command of English. Must be adept at using electronic spreadsheets and word processing .
  • Recommended course work includes : business finance, macroeconomics, financial markets, financial accounting, statistics, and computer science.
  • 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.

    APAC

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