Executive Director, Physical Base Metals Trading - Commodities

Job Description
The Wells Fargo Commodities group is seeking an experienced physical base metals trader to expand our portfolio and generate trading revenue. In this role, you will execute physical market-making strategies, structure working-capital and hedging solutions for corporate clients, and collaborate with internal teams to manage inventory, client flows, and commercial opportunities across key markets.
Key Responsibilities:

• Trade & market-make physical base metals and premiums/differentials; actively manage basis, spreads, and calendar rolls.
• Manage risk across the book using exchange and OTC instruments; maintain disciplined risk/limits adherence and thoughtful hedge construction.
• Coordinate logistics with internal operations and scheduling teams on deliveries, warrants/storage, and documentation to ensure smooth execution.
• Develop client solutions including supply/offtake agreements, inventory financing structures, and bespoke physical strategies that align with customer objectives.
• Grow relationships & revenue by originating new business, deepening existing client engagement, and collaborating with Sales/Structuring on wallet expansion.
• Monitor markets and provide timely views on fundamentals, flows, and price drivers; contribute to trade ideas, product innovation, and commercial strategy.
• Collaborate with Structuring, Legal, Credit, and Finance to support transactions from origination through execution and lifecycle management.

Required Qualifications:

• 7+ years of experience in capital markets or industry experience within the specific sector of the position, or a combination of both.

Desired Qualifications:

• 7+ years of physical base metals trading, origination, and/or marketing experience.
• Demonstrated success managing a physical trading book, including pricing, risk, and delivery obligations.
• Expertise in premium/differential markets (e.g., Midwest aluminum) and inventory/storage economics.
• Experience structuring working-capital solutions tied to physical inventory.
• Established relationships across producers, consumers, merchants, and warehouses in the US/EMEA.
• Excellent analytical, communication, and decision-making skills in a fast-paced environment.

Job Expectations:

• This position is subject to FINRA background screening requirements. Candidates must successfully complete and pass a background check prior to hire. In accordance with FINRA rules, individuals who are subject to statutory disqualification are not eligible to be associated with a FINRA-registered broker-dealer. Successful candidates must also meet and comply with ongoing regulatory obligations, which include periodic screening and mandatory reporting of certain incidents.
• Specific compliance policies may apply regarding outside activities or personal investing; affected employees will be expected to provide information to the Wells Fargo Personal Account Dealing Team and abide by applicable policy requirements if hired. Information will be shared about expectations during the recruitment process.
• This position is eligible for a discretionary bonus, restricted share rights, and other long-term incentive awards, which may be a significant component of the total compensation package

Pay Range
Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to demonstrated examples of prior performance, skills, experience, or work location. Employees may also be eligible for incentive opportunities.
$215,000.00 - $355,000.00
Benefits
Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit Benefits - Wells Fargo Jobs for an overview of the following benefit plans and programs offered to employees.

• Health benefits
• 401(k) Plan
• Paid time off
• Disability benefits
• Life insurance, critical illness insurance, and accident insurance
• Parental leave
• Critical caregiving leave
• Discounts and savings
• Commuter benefits
• Tuition reimbursement
• Scholarships for dependent children
• Adoption reimbursement

Posting End Date:
13 Feb 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.
Applicants with Disabilities
To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo .
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Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.
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