Capital Markets Middle Office Associate - Commodities

About this role:

Wells Fargo is seeking a Capital Markets Middle Office Associate within the Commodities team as a part of Corporate Investment Banking Operations. Learn more about the career areas and business divisions at wellsfargojobs.com.

This role is responsible for comprehensive P&L reporting and end-to-end trade lifecycle management across a diverse energy and commodities portfolio, including natural gas, crude oil, power, agriculture, and metals.

In this role, you will:

• Support daily profit and loss (P&L) reporting, trade capture, market data management, risk monitoring, and physical commodities scheduling activities

• Provide middle office support for financial and physical commodities trading desks, ensuring accurate trade processing and lifecycle management

• support of physical commodities, futures, swaps, options, swaptions, and structured products traded on exchanges and OTC

• Prepare end-of-day P&L reports, monitor new and existing trades throughout their lifecycle, and support the scheduling of physical commodity transactions across pipelines, and EBBs etc

• Collaborate with trading, sales, operations, technology, finance, risk, legal, audit, and other internal stakeholders to resolve issues and support business activities

• Ensure integrity of market data and systems used for pricing, valuation, and reporting

• Perform risk analysis and produce routine risk reports using established procedures, guidelines, and reporting tools

• Contribute to projects and process improvement initiatives, including documenting business requirements and supporting implementation efforts

• Assist with the creation, maintenance, and enhancement of desk procedures, operational processes, and supporting documentation

• Ensure data accuracy, operational efficiency, and adherence to internal controls, policies, and regulatory requirements

Required Qualifications:

• 6+ months of Capital Markets industry experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:

• 6+ months of middle office P&L experience in high-volume energy trading environments, supporting firms heavily engaged in energy trading

• Strong knowledge of financial and physical commodities markets and instruments

• Proven experience with P&L reporting, attribution, and reconciliation processes

• Experience with both physical and financial derivative products

• Experience with Endur and ION/Openlink systems

• Strong analytical skills and effective communicator

• Strong Microsoft Excel capabilities, including experience working with large datasets and the ability to interpret, analyze, and clearly communicate what the data represents

• Ability to work in a fast-paced deadline driven environment 

• Effective organizational, multi-tasking, and prioritizing skills

• Extensive knowledge and understanding of loan, securities, and derivative products 

Job Expectations:

• Ability to work a hybrid schedule

• Willingness to work on-site at stated location on the job opening

• Ability to work additional hours as needed

• This position is not eligible for Visa sponsorship

Posting Location:

• 550 S Tryon St, Charlotte, NC 28202

This position is subject to FINRA Background Screening Requirements, including successful completion and clearing of a background check. Internal transfers are subject to comply with 17 CRF 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.

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.

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.

Posting End Date: 

*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. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.