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Trust Closely Held Asset Manager - Fiduciary Specialty Asset Manager

About this role:

Wells Fargo is seeking a Fiduciary Specialty Asset Manager...Working at Wells Fargo | Jobs and Careers at Wells Fargo (wellsfargojobs.com)


In this role, you will:

  • Participate in on going asset reporting activities, including business, financial, operating and performance research
  • Identify opportunity for managing risk, support and holding recommendations within wealth client management
  • Management of a simple-to-moderately complex portfolio of Closely Held Business Interests, including stock and other ownership interests, held in Wealth Management fiduciary accounts
  • Research or perform tasks such as selling assets, negotiating leases, supervising repairs, inspecting assets, asset reporting, and arranging appraisals or valuations, and exercise independent judgment to guide servicing for complex portfolios
  • Present recommendations for resolving asset related issues, assisting in new business development and raising market awareness of business advisory services
  • Exercise independent judgment while developing expertise in banking regulations, fiduciary standards and Wells Fargo investment policies
  • Partner with more experienced asset managers or more experienced trust asset managers in completing their duties related to the management of more complex assets and accounts
  • Establish solid business relationships with internal partners, business stakeholders and centers of influence
  • Provide an unparalleled level of client service in resolving asset related issues, assisting in new business development and raising market awareness of business advisory services

The Closely Held Asset Manager will perform on-going asset review reporting activities, including business financial and operating performance analysis, in order to assess and manage risk, support account acceptance and holding recommendations, and to ensure compliance with banking regulations, fiduciary standards and Wells Fargo’s investment policy. Apply financial, operating and other relevant business information in appropriate valuation methodologies and models to derive and support pricing estimates. Establish solid business relationships with internal partners, business stakeholders, and centers of influence in order to provide an unparalleled level of client service in resolving asset related issues, carrying out asset sale negotiations, assisting in new business development and raising market awareness.

In addition, the Closely Held Asset Manager may serve on closely held entity Board of Directors and other governing bodies. Responsible for understanding and analyzing entity financial statements and tax returns, business operating information, complex legal documents and corporate actions. Communicates
the recommendations, decisions and concepts derived from such analysis to business executives, attorneys, CPA s and Wells Fargo’s internal professionals. Provides guidance to less senior asset managers.


Required Qualifications:

  • 2+ years of experience in Fiduciary Specialty Asset Products, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education


Desired Qualifications:

  • A Master of Business Administration (MBA)
  • BS in Accounting
  • Knowledge and understanding of financial industry closely held business practices
  • Financial accounting experience
  • Financial analysis experience
  • Financial analysis or accounting experience
  • Knowledge and understanding of accounting, business, or law
  • A Juris Doctor (JD) degree
  • Experience building partnerships and consulting effectively with leadership
  • Ability to synthesize complex analytical findings into executive level communications
  • Ability to think creatively to find innovative solutions to complex analytical questions
  • Knowledge and understanding of analytical methods used to: evaluate companies or financial statements
  • Ability to prepare and present senior level communications
  • Highly refined and professional verbal and written communications

Job Expectations:

  • Ability to travel up to 20%

We Value Diversity

At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.

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.

Candidates applying to job openings posted in US: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.


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