About the Role

As part of a deal team. the Commercial Real Estate Associate supports the underwriting, execution, and ongoing asset management of a diversified portfolio of CRE direct lending and structured finance, including repo, and CMBS‑related exposures. The role requires strong fundamental CRE underwriting and portfolio management capabilities, complemented by a solid understanding of structured finance products. CRE EMEA forms part of the Global Commercial Real Estate platform within the Corporate and Investment Banking Division.

Key Responsibilities Underwriting & Execution

• Underwrite new direct secured lending CRE loans across property types (industrial, office, retail, mixed‑use and living sectors) and facility types (construction, bridge, term, perm).
• Analyse and underwrite structured finance transactions, including repo and CMBS.
• Perform sponsor‑, loan‑, and property‑ financial analysis, including cash flow modelling, leverage metrics, and downside scenarios.
• Support deal structuring, sizing, pricing, and credit positioning across senior and subordinate exposures.
• Prepare underwriting materials, credit memos, and investment committee packages.
• Review third‑party reports (appraisals, property condition reports, environmental, insurance reviews, market studies).

Portfolio Management

• Assist in the ongoing management of a portfolio of CRE loans and CMBS-related exposures including risk retention interests and liquidity facilities.
• Monitor credit performance, covenant compliance, collateral value, and sponsor strength.
• Review and manage quarterly waterfalls and construction draws where applicable.
• Support loan amendments, extensions, modifications, reserve releases, and consent requests.
• Prepare reporting for quarterly and annual portfolio reviews, identifying and presenting any emerging risks and mitigation strategies.
• Preparing adhoc reporting as applicable such as sector reviews or watchlist reporting.

Structured Finance & Capital Markets Experience

• Support securitization and structured finance activity, including CMBS, CRE CLO and Data Center ABS transactions.
• Assist with analysis of capital structures, bond tranching, ratings considerations, and investor requirements.
• Coordinate with internal structured credit, capital markets, and risk teams, as well as external parties (counsel, rating agencies, investors).

Coordination & Stakeholder Management

• Work closely with bankers, senior portfolio managers, credit, legal, and operations teams to execute transactions.
• Interface with external sponsors, borrowers, investors and counterparties as part of deal execution and portfolio oversight.

Required Qualifications

• Experience in commercial real estate lending, structured credit, or investment banking.
• Strong foundational CRE underwriting skills with exposure to cash flow modelling and credit analysis.
• Familiarity with structured lending concepts (repo, CMBS, securitization structures).
• Advanced Excel skills; experience building and reviewing financial models.
• Strong written and verbal communication skills with experience preparing credit and investment materials.

Preferred Qualifications

• Experience across both direct lending and structured finance transactions.
• Exposure to CMBS, CRE CLOs, Data Center ABS or other securitized products.
• Understanding of risk retention, securitization parties, and ratings agency frameworks.

Key Attributes

• Strong analytical judgment with attention to detail
• Ability to identify and articulate credit risk on complex structures
• Collaborative, execution‑oriented mindset
• Interest in developing a hybrid skill set across CRE and structured finance
• Ability to manage multiple transactions and priorities in a fast‑paced environment.

Job Expectations

This position is deemed to be a Certified Person function under the FCA and PRA Certification Regime. You must at all times remain fit and proper to perform your role, and this will be assessed on at least an annual basis

In addition to the responsibilities summarised in your job description, you are also required to comply at all times with the FCA/PRA Conduct Rules:

You must act with integrity. You must act with due skill, care and diligence. You must be open and cooperative with the FCA, the PRA and other regulators. You must pay due regard to the interests of customers and treat them fairly. You must observe proper standards of market conduct.

Posting End Date:

9 May 2026

Job posting may come down early due to volume of applicants.We Value Equal Opportunity

Wells Fargo is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.

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 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.

Applicants with Disabilities

To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo.

Drug and Alcohol Policy

Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.

Wells Fargo Recruitment and Hiring Requirements:

a. Third-Party recordings are prohibited unless authorized by Wells Fargo.

b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.