Vice President, Precious Metals Vaulting – Commodities

Wells Fargo Bank•Houston, TX

10d•Onsite

About The Position

Wells Fargo Corporate & Investment Banking is seeking a Vice President to lead the development, launch, and commercialization of a Precious Metals Vaulting platform within the Commodities business. This role combines platform build-out leadership with commercial origination responsibilities across sales, operations, infrastructure, and market structure. The goal is to deliver a market-ready vaulting solution aligned with COMEX and LBMA standards. The role reports directly into the Head of Precious Metals.

Requirements

5+ years of Securities Sales experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education.
5+ years of experience in precious metals markets (physical, trading or sales); or commodities sales/trading with physical exposure.
Demonstrated ability to operate effectively within a regulated financial institution.
Commercial mindset and project execution capabilities.

Nice To Haves

Direct experience with at least one of: vaulting/custody, logistics/supply chain for metals; exchange delivery.
Demonstrated ability to launch new products/platforms; navigate cross-functional organizations; originate and grow client relationships.
Strong understanding of LBMA market structure, COMEX delivery and warranting, and physical metal flows.
Familiarity with inventory management/custody frameworks.
Strong stakeholder management across senior internal groups.
Demonstrated ability to commercialize infrastructure capabilities into client solutions and revenue streams.
Excellent communication with the ability to translate technical and operational concepts for commercial audiences.
Financing structure knowledge (leases, repos, collateralized trades).

Responsibilities

Lead the end-to-end setup of the vaulting business, acting as a commercial project manager.
Define target operating model across internal vault capabilities, third-party depositories, and inventory management; lead regular governance forums across stakeholders.
Drive alignment with industry standards (LBMA, COMEX).
Interface with vault operators, exchanges, logistics providers, insurers, and auditors.
Establish processes for onboarding metal into the network, physical flows, reconciliation, audit, and reporting.
Drive vaulting capabilities to meet regulatory and internal control requirements.
Partner with risk and compliance to implement KYC/AML processes, asset segregation, and client protection frameworks.
Support documentation frameworks (custody agreements, product terms, delivery rules, etc.).
Ensure audit readiness and oversee third-party depository governance.
Develop go-to-market strategy by client segment.
Work with trading and structuring to embed vaulting into broader solutions.
Market vaulting capabilities to existing and new clients.
Build and manage a pipeline of custody and physical metals clients.
Drive revenue through storage fees, clearing/delivery activity, and cross-sell (leasing, hedging, financing).
Maintain high-touch client coverage.