Lead Securities Trader - Physical Natural Gas - Commodities

Wells Fargo • Houston, TX

2d

About The Position

Position Summary: The Wells Fargo Commodity Product Group is seeking an experienced individual with physical trading experience in the U.S. natural gas markets. The individual will be responsible for overseeing the physical gas desk’s Northeast portfolio, managing its market risk from client business and generating trading revenue through market-making and physical trading activities, as well as partnering with the wider team in managing the overall physical natural gas portfolio. Generally, transactions will involve working capital and hedging solutions for Wells Fargo’s customers. In addition, the individual will partner in developing new relationships in these markets for financial hedging and physical trading in Wells Fargo’s geographic footprint. Examples of common transaction structures include physical trading, park and loans, term supply and/or offtake transactions, prepays, intermediations, OTC financial swaps and options, energy reserve securitizations, and asset management agreements. This team member will work closely with other members of the desk’s trading and structuring team to manage these transactions, including risk management, modeling, and obtaining customer flow through deal origination. Wells Fargo is one of the largest domestic lenders to upstream, midstream, and downstream markets for energy, so the depth of potential opportunities with current customers is extensive. This position reports into the Markets Division of the Wells Fargo Corporate & Investment Bank (CIB), which transacts in traded products, such as foreign exchange, rates, commodities, and equities. In This Role, You Will: Be part of the Markets Division in Houston which encompasses trading, sales relationships, and client pricing Perform daily risk management duties for all aspects of the physical natural gas portfolio Exhibit strong analytical and quantitative skills. Be able to work well under pressure and be part of a global team Work with the wider commodities trading team to develop and implement trading and risk management strategies and compete for client business Help build analytical tools that improve our risk management capabilities and customer engagement Be able to build a franchise by fostering current customer relationships and onboarding new prospects

Requirements

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

Nice To Haves

• 6+ years of physical natural gas trading, origination, and/or marketing experience
• Experience with trading physical commodities within the financial services industry
• Proven history of successful trading book management
• Knowledge and understanding of business development: business vision, strategies, and goals
• Strong, clear and concise written and oral communication skills
• Advanced analytical and numerical competency
• Experience building partnerships and consulting effectively with leadership
• Ability to make timely and independent judgment decisions while working in a fast-paced and results-driven environment

Responsibilities

• Be part of the Markets Division in Houston which encompasses trading, sales relationships, and client pricing
• Perform daily risk management duties for all aspects of the physical natural gas portfolio
• Exhibit strong analytical and quantitative skills.
• Be able to work well under pressure and be part of a global team
• Work with the wider commodities trading team to develop and implement trading and risk management strategies and compete for client business
• Help build analytical tools that improve our risk management capabilities and customer engagement
• Be able to build a franchise by fostering current customer relationships and onboarding new prospects

Benefits

• 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
• This position is subject to FINRA Background Screening Requirements, including successful completion and clearing of a background check.
• Internal transfers are subject to compliance with 17 CFR 240.17f-2 of the Securities Exchange Act of 1934 and FINRA Bylaws, Article III, Section 3, which states that Associated Persons should not be subject to statutory disqualification
• Successful candidates must also meet ongoing regulatory requirements including additional screening and are required to report certain incidents.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed
• Number of Employees: 5,001-10,000 employees