Securities Algorithmic Trading Associate

About this role:
The Wells Fargo Commodities group is seeking a experienced Vice President level trader to lead the firm's European natural gas trading activity. This role carries primary responsibility for P&L generation and risk management across the European gas portfolio and works in close partnership with the commodities sales organization to compete for and service client OTC swaps and options hedging needs.
The successful candidate will act as a market-maker to clients and the wider market, deploying discretionary and systematic trading strategies within defined risk limits, while contributing meaningfully to the desk's commercial strategy and cross-commodity coverage model.
In addition to European natural gas, the role provides cross-commodity trading coverage during European hours, pricing and hedging client activity across related products (e.g., crude oil, metals) while U.S. trading desks are offline, ensuring continuity of client service and disciplined risk transfer.
In this role, you will:

• Trade and market-make across major European natural gas hubs (e.g., TTF, NBP, THE) using swaps, options, and exchange-traded instruments in support of client hedging and flow business.
• Own and manage P&L and market risk for the European gas portfolio, maintaining strong discipline around limits, stress testing, and intraday risk management.
• Actively manage basis risk, locational and calendar spreads, and settlement exposures (e.g., TTF Monthly vs. ICIS Daily) while overseeing non-linear risk across the options book (Vega, Gamma, Vanna).
• Construct and maintain forward curves and volatility surfaces, applying market insight and trading judgement to support client pricing, portfolio valuation, and robust P&L attribution.
• Partner closely with Sales, Structuring, and Quantitative teams to price complex client flows, enhance modeling and risk methodologies, and expand trading and execution capabilities.
• Originate and grow revenue by deepening client relationships, developing new trading opportunities, and contributing to product and commercial strategy.
• Monitor market developments and communicate concise, actionable views on fundamentals, flows, weather, storage, LNG dynamics, and geopolitical drivers.
• Mentor and develop junior talent, set desk standards, and reinforce strong market conduct, control awareness, and risk culture.

Required Qualifications:

• Experience of direct European natural gas trading experience on a dealer desk.
• Demonstrated ability to price and risk-manage client hedging flows across major European hubs and benchmarks/indices.
• Proven P&L track record managing a material trading portfolio within a regulated risk framework.
• Solid experience managing an options portfolio, including volatility surface construction and non-linear risk.
• Strong understanding of European gas fundamentals, including storage, LNG flows, weather impacts, outages, and seasonal dynamics.
• Ability to operate effectively in a fast-paced, client-driven trading environment with strong partnership across Sales, Quants, Technology, and Risk.

Desired Qualifications:

• Trading experience across European gas and/or adjacent energy markets, including power, LNG, oil products, or emissions, with the ability to operate across interconnected markets.
• Strong understanding of cross-commodity relationships (e.g., gas-power linkage, LNG arbitrage, fuel switching, weather impacts) and how these dynamics influence pricing and risk.
• Experience supporting or leading client-driven OTC trading, including structured hedging solutions and bespoke risk transfer.
• Demonstrated ability to form and express a market view, translating fundamentals, flows, and volatility into executable trading strategies.
• Comfortable partnering with Quantitative, Technology, Sales, and Risk teams to improve pricing tools, analytics, and execution capability.
• Evidence of operating effectively within a regulated risk framework, balancing commercial opportunity with disciplined control.
• Experience contributing to or informally leading within a trading desk environment, including mentoring junior traders or analysts.
• Degree in a quantitative, scientific, or financial discipline preferred; advanced qualifications (e.g., Master's, CFA) viewed positively but not required.

Job Expectations:
This position is deemed to be a Certified Person function under the FCA and PRA Certification Regime. You must at all times remain fit and proper to perform your role, and this will be assessed on at least an annual basis.

• In addition to the responsibilities summarised in your job description, you are also required to comply at all times with the FCA/PRA Conduct Rules:
• You must act with integrity.
• You must act with due skill, care and diligence.
• You must be open and cooperative with the FCA, the PRA and other regulators.
• You must pay due regard to the interests of customers and treat them fairly.
• You must observe proper standards of market conduct.

Posting End Date:
14 May 2026
*Job posting may come down early due to volume of applicants.
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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.
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