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.

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

• 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.

• 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

• 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