Vice President, Commodities - Physical Dairy Trading

Vice President, Commodities - Physical Dairy Trading Wells Fargo 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. Markets provides solutions to clients with the means to manage their exposure through various derivatives, lending and cash products across Structured Products Group, Macro, Equities, Municipal Products Group, Credit Sales & Trading. About this role: Wells Fargo is seeking a Vice President, Commodities - Physical Dairy Trading to lead the build-out, growth, and ongoing management of Wells Fargo's physical dairy trading platform. This is a revenue-generating role with end-to-end responsibility for strategy, market presence, risk management, and profitability across physical dairy products including milk, cream, butter/AMF, cheese, and powders. The position will play a critical role in expanding Wells Fargo's physical commodities franchise, integrating physical trading with existing financial capabilities, and representing the firm to key market participants. In this role, you will: Lead the development and expansion of physical dairy trading capabilities, including onboarding and managing warehouses, storage, and logistics providers Establish Wells Fargo as a credible, long-term participant in U.S. physical dairy markets Originate, structure, and execute physical dairy transactions across milk, cream, butter/AMF, cheese, and powders Negotiate and manage medium- and long-term supply and off-take agreements Develop and maintain senior-level relationships with producers, processors, distributors, merchants, and warehouses Own financial performance and risk management of the physical dairy book, including inventory, basis, spread, and outright price risk Partner closely with centralized risk and control functions to ensure disciplined governance Oversee logistics, scheduling, warehousing, warrants, inventory financing, and settlement processes in coordination with operations and middle office teams Structure transactions efficiently from a balance sheet, working capital, and liquidity perspective Partner closely with financial sales teams to deliver integrated physical and financial solutions, enhancing client coverage, deepening relationships, and unlocking cross-product synergies across Wells Fargo's Markets platform Work with legal, compliance, credit, and operations to support transactions from origination through lifecycle management Act as a senior representative of the dairy platform internally and externally Required Qualifications: 5+ years of Securities Trading experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education Desired Qualifications: Proven track record of building and managing physical trading books with P&L accountability. Deep knowledge of dairy products (milk, cream, butter/AMF, cheese, powders, whey), including quality specifications, seasonality, logistics, and storage dynamics. Strong understanding of market structure, basis, spreads, inventory economics, and physical execution. Experience structuring working-capital and inventory-financing solutions linked to physical assets. Established senior relationships across U.S. producers, processors, distributors, merchants, and warehouses. Demonstrated leadership, commercial judgment, and decision-making in a fast-paced trading environment. Ability to operate effectively within a regulated financial institution. Job Expectations: Up to 20% travel This position is subject to Dodd-Frank Background Screening Requirements, including successful completion and clearing of a background screen. Applicants are subject to a new screen to comply with Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act which states that Associated Persons (AP) cannot be subject to statutory disqualification. Under industry regulations, an AP is defined as a team member who solicits or accepts client orders for swaps. Successful candidates must also meet ongoing regulatory requirements including additional screening and are required to report 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. Visa sponsorship is not available. Location: 1000 Louisiana St. - Houston, Texas 77002 Posting End Date: 14 Apr 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. Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process. Applicants with Disabilities To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo . Drug and Alcohol Policy Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more. Wells Fargo Recruitment and Hiring Requirements: a. Third-Party recordings are prohibited unless authorized by Wells Fargo. b. 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