Wells Fargo Securities Program Analyst 1 Commodities Trading

Job Description

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At Wells Fargo, we are looking for talented people who will put our customers at the center of everything we do. We are seeking candidates who embrace diversity, equity and inclusion in a workplace where everyone feels valued and inspired.

Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.

Corporate & Investment Banking delivers a comprehensive suite of capital markets, banking, and financial products and services. A trusted partner to our clients, we provide corporate and transactional banking; commercial real estate lending and servicing; investment banking; equity; and fixed income solutions including sales, trading, and research capabilities to corporate, commercial real estate, government, and institutional clients across the globe.

**Due to a high volume of inquiries and multiple hiring managers for these roles, please do not contact the hiring manager listed. Any inquiries sent to the hiring manager listed will not receive a response **

The Commodities team of the Macro group within Corporate and Investment Banking is seeking a first year Analyst to join in the Houston, TX office.

Within Corporate & Investment Banking, the Macro Group is responsible for the sales and trading platform for rates, FX, commodities and CVA. Under this group, the Commodities team helps Wells Fargo clients manage exposures to energy, metals, and agricultural products through the structuring of hedging strategies and commodity linked finance. Our integrated trading team provides best in-class commodity risk management products, execution and customer service for Wells Fargo’s clients.

A Commodity Trading Analyst is expected to partner closely with senior commodity traders, commodity marketers, and support partners to provide comprehensive risk management services to Wells Fargo’s clients. The position will be required to support/manage daily business of trading, risk management, modeling, and market-making. Candidates will be mentored by senior traders in the trading and management of portfolios of financial and physical swaps, futures, options, and other derivatives, as well as fundamental analysis, the art of market making, and game theoretical aspects of market behavior.

Specifically, this individual will be responsible for assisting in the booking and management of the desk’s daily trades, as well as working with the senior traders in pricing, executing, and hedging the risk positions from derivative transactions with our clients. They will provide analytical support for senior traders and marketers. They will handle transactions covering a wide variety of issuers, types, volumes, and complexity with accuracy and a sense of urgency. The analyst will be responsible for building and utilizing risk management tools to monitor trading, positions, and risk. Also, the analyst will assume responsibilities in identifying market trends, and preparing research and strategy reports to support the trading desk.

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.

• 1+ year of financial services industry experience; or a BS/BA degree or higher obtained prior to program start date

• Strong analytical skills with high attention to detail and accuracy
• Excellent verbal, written, and interpersonal communication skills
• Strong organizational, multi-tasking, and prioritizing skills

• Hire is subject to NFA proficiency exam within 30 days of start date.
• Direct experience within the commodities product industry is preferred.
• Strong understanding of derivative theories, such as Black Scholes, is preferred.
• Experience in programming, such as Python and VBA, is preferred.

TX-HOU-Downtown: 1000 Louisiana St - Houston, TX

All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.
Relevant military experience is considered for veterans and transitioning service men and women.
Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.

Benefits

Visit https://www.wellsfargo.com/about/careers/benefits for benefits information.