Vice President, Precious Metals Vaulting - Commodities

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 Commodities is seeking a Vice President to lead the development, launch and commercialization of a Precious Metals Vaulting platform within the Commodities business. The role combines platform build-out leadership with commercial origination responsibilities across sales, operations, infrastructure and market structure, with responsibility for delivering a market-ready vaulting solution aligned with COMEX and LBMA standards. This role reports directly into the Head of Precious Metals. In this role, you will: Build-Out & Platform Development 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 Governance, Risk & Market Infrastructure Drive vaulting capabilities to meet regulatory and internal control requirements Partner with risk and compliance to implement KYC/AML processes, asset segregation, client protection frameworks Support documentation frameworks (custody agreements, product terms, delivery rules etc.) Ensure audit readiness and oversee third-party depository governance Commercial Strategy & Product Development Develop go-to-market strategy by client segment Work with trading and structuring to embed vaulting into broader solutions Sales & Client Origination 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 Required Qualifications: 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. Desired Qualifications: 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 Ability to operate effectively within a regulated financial institution. Financing structure knowledge (leases, repos, collateralized trades) Commercial mindset and project execution capabilities Job Expectations: Travel up to 30%. 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. Posting Locations: 500 West 33rd St. - New York, New York 10001 1000 Louisiana St. - Houston, Texas 77002 Pay Range: New York City/Houston-Pay Range: $200,000-$225,000 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. $185,000.00 - $300,000.00 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: 5 Jun 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: 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. Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $2.1 trillion in assets. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 33 on Fortune’s 2025 rankings of America’s largest corporations. News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories. Additional information may be found at: wellsfargo.com wellsfargojobs.com For questions on how to search and apply, visit frequently asked questions.