Associate, Physical Dairy Trading - Commodities

Corporate & Investment Bank (CIB) delivers a comprehensive suite of banking, capital markets and advisory solutions, including a full complement of sales, trading and research capabilities, to corporate, government and institutional clients. We focus on our clients' overall financial needs, with consideration and respect for their total relationship with Wells Fargo.

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 Seeking an Associate - Physical Dairy Trading - Commodities. Looking for a candidate who can help build and expand physical dairy trading capabilities by onboarding warehouses, cultivating counterparty relationships, and executing transactions across milk, cream, butter/AMF, cheese, and powders.

In This Role, You Will

• Develop Physical Trading Capabilities: Lead efforts to onboard warehouses, establish counterparty relationships, and manage contracting, logistics, and delivery processes.
• Source and Execute Transactions: Handle physical dairy transactions (milk, cream, butter/AMF, cheese, powders) and negotiate long-term supply/off-take agreements. Build and deepen relationships with producers, processors, and distributors.
• Risk Management: Oversee the physical dairy trading book, manage risk using exchange and OTC instruments, and maintain disciplined risk/limits adherence.
• Logistics Coordination: Work with internal operations and scheduling teams to ensure smooth execution of deliveries, warrants/storage, and documentation.
• Market Monitoring & Strategy: Track supply-demand fundamentals, storage and production reports, and trade auctions to inform pricing and competitiveness. Contribute to trade ideas and commercial strategy.
• Cross-Functional Collaboration: Work with structuring, legal, risk, and back-office teams to support transactions from origination through execution and lifecycle management.

Required Qualifications:

• 2+ years of Securities Trading experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:

• 2+ years of industry experience in the relevant sector
• Experience in physical dairy trading, origination, or marketing.
• In-depth knowledge of dairy products (milk, cheese, butter, powders, whey) and their market dynamics, including quality specifications and logistics.
• Strong grasp of market fundamentals, basis and spreads, and physical execution (contracting, logistics, delivery, settlement).
• Experience in working-capital solutions tied to physical inventory.
• Established relationships across producers, consumers, merchants, and warehouses in the U.S.
• Excellent analytical, communication, and decision-making skills in a fast-paced environment.

Job Expectations & Compensation:

• Travel up to 30%

Pay Range Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to demonstrated examples of prior performance, skills, experience, or work location. Employees may also be eligible for incentive opportunities.

$119,000.00 - $224,000.00

Benefits Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit Benefits - Wells Fargo Jobs for an overview of the following benefit plans and programs offered to employees.

• Health benefits
• 401(k) Plan
• Paid time off
• Disability benefits
• Life insurance, critical illness insurance, and accident insurance
• Parental leave
• Critical caregiving leave
• Discounts and savings
• Commuter benefits
• Tuition reimbursement
• Scholarships for dependent children
• Adoption reimbursement

Posting End Date: 29 Mar 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.

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

• Third-Party recordings are prohibited unless authorized by Wells Fargo.
• Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.

Reference Number R-517976-1