Capital Markets Counsel 4, Commodities
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Legal - Our vision is to advance the company's strategy, support its transformation, and effectively manage risk through a team known for collaboration, sound judgment, and proactive advice.
This position reports to the Managing Counsel of the team covering Commodities, Foreign Exchange, Institutional Derivatives, Special Entities and Hedge Reviews of the Global Capital Markets Division of the Wells Fargo Legal Department.
Responsible for providing legal advice and counsel to the Macro commodities derivatives business of Wells Fargo Bank, NA, and its affiliates, including sales & trading, credit, operations, and compliance functions. Develops strong working relationships with senior management of the commodities and Macro businesses, with an understanding of its needs and strategic direction, and assists in developing the overall legal coverage strategy and philosophy of support and decision-making for this business. Works closely with senior leaders to evaluate the legal and commercial impact of major decisions where applicable law, regulations, or facts are unclear, controversial, or conflicting. Independently develops and renders opinions, consults with, and advises clients on commercial, legal, and regulatory matters.
Provides regulatory, structuring, documentation and transactional support related to physical and financial commodities products offered to U.S. and non-U.S. persons and entities, whether such products are exempt or non-exempt under Title VII of Dodd-Frank. Represents Wells Fargo on transactions and advocacy efforts inside and outside the organization. Reads, writes, analyzes, and interprets complex documents. Works independently on matters of significance to the commodities business and the swap dealer business of Wells Fargo Bank, N.A. Provides support when needed on matters outside areas of primary coverage, including other asset classes. Also supports Wells Fargo as an end user of commodities and other derivative products. Manages outside counsel support and legal expense. Follows Legal Department policies and procedures in carrying out support and matter management responsibilities.
- 8+ years of legal experience with a major law firm, securities regulatory agency or in-house law department; including 5+ years of representing firms in capital markets and investment banking activities; or 6+ years of experience with a major law firm and 2+ years of experience in one or a combination of the following areas: risk, compliance, contracts, government/regulatory, financial services, or technology, including 5+ years of representing firms in capital markets and investment banking activities
- Active State Bar membership
- Excellent verbal, written, and interpersonal communication skills
- Strong organizational, multi-tasking, and prioritizing skills
- Strong analytical skills with high attention to detail and accuracy
- Experience building partnerships and consulting effectively with leadership
- Outstanding problem solving and decision making skills
- Ability to execute in a fast paced, high demand, environment while balancing multiple priorities
Other Desired Qualifications
- 5+ years of significant experience in representing clients with respect to commodities and derivatives transactions, including experience with crude oil and refined products physical markets and/or metals
- Significant knowledge and experience with U.S. and foreign laws, rules and regulations relevant to commodities and derivatives transactions, including the Dodd-Frank Act; Sections 23A and B of the Federal Reserve Act; securities, commodities and investment laws (including clearing, margining, disclosure, licensing requirements and conflicts of interests); bankruptcy laws (including netting laws); and laws related to corporate compliance and governance matters.
- Ability to travel up to 5% of the time
NY-New York: 150 E 42nd St - New York, NY
NC-Charlotte: 550 S Tryon St - Charlotte, NC
IL-Chicago: 10 S Wacker Drive - Chicago, IL
- All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.
Relevant military experience is considered for veterans and transitioning service men and women.
Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.
Visit https://www.wellsfargo.com/about/careers/benefits for benefits information.