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Venture Capital/Private Equity Associate Healthcare
Wells Fargo
Job Description 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 want to satisfy our customers' financial needs and help them succeed financially. We're looking for talented people who will put our customers at the center of everything we do. Join our diverse and inclusive team where you'll feel valued and inspired to contribute your unique skills and experience. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you. Wells Fargo Strategic Capital (WFSC), a business unit within Wells Fargo Bank, N.A. and part of Wells Fargo Commercial Capital, is a multi-strategy, principal investment business providing private equity and debt capital. The group has the flexibility to structure investments that best fit a company's needs and can include venture and growth capital, middle market transactions, private equity, structured solutions, senior and subordinated debt, and other special situations financing. WFSC invests capital directly from Wells Fargo's $1.9 trillion balance sheet and is a financial investor focused on helping both existing clients of Wells Fargo and companies new to Wells Fargo succeed financially. In addition to the expertise and resources within WFSC, WFSC has the unique opportunity to draw on Well Fargo's strong breadth and depth of relationships, product offerings, and expertise to source investment opportunities and provide value-added solutions. WFSC has industry-focused divisions in energy, healthcare, technology, and diversified industries and also has divisions in fund investing and strategic investing. The Healthcare Division of WFSC pursues investments across all sectors of the healthcare industry including healthcare services, HCIT/digital health, medical technology/products, and biopharma. The team is comprised of people with deep experience in the healthcare industry, private capital investing, and helping companies succeed. Investment size typically ranges from $5MM to $30MM per investment. WFSC can lead a financing syndicate, follow another lead, or be a solo investor in a company. There is flexibility in the stage of development of companies of interest, but the primary focus is on private companies with commercially available products/services and proven business models. Some examples of recent investments include 10x Genomics (tools to enable genetic discoveries), Limelight Health (seamless quoting of employee benefits), Sharecare (health and wellness solutions), and Array Behavioral Care (behavioral health via telemedicine). We embrace the Wells Fargo values of doing what is right for customers, people as a competitive advantage, ethics, diversity and inclusion, and leadership. In addition, we value a team based approach to investing, focus on results with appropriate balance, effective and transparent communication, and generating financial returns with healthcare companies that do good. The Associate position offers a tremendous opportunity for a high-energy candidate who is a motivated self-starter. The Healthcare Division of WFSC was started in 2017 and this Associate will have the opportunity to play an important role in helping build and shape how this investing platform develops over time. As a member of lean deal teams, this Associate will have the opportunity to participate in all aspects of the investment process including evaluating, executing, closing, and ongoing monitoring of investment opportunities. The Associate will be involved in interaction with internal and external constituents including portfolio companies, partner investors, other Wells Fargo lines of business, and the WFSC investment committee. The Associate will have exposure to a broad array of creative financial structures for some of the most interesting and exciting companies in the world. The position offers significant upward opportunity for the right candidate and will report to the head of the WFSC Healthcare Division. The Associate is responsible for providing support to the team in all aspects of potential and active investments where key job responsibilities include, but are not limited to:
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. Required Qualifications Desired Qualifications Other Desired Qualifications
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