Trading Assistant EMEA

Gerald Group; Dubai; On-site; USD 50,000 - 90,000; Full time

Job summary

An established industry player is seeking a Trading Assistant to join their dynamic trading team in Dubai. This role offers the chance to work closely with senior traders and contribute to the trading process of non-ferrous, ferrous, and precious metals across Europe, the Middle East, and Africa. The successful candidate will engage in various support functions, ensuring smooth transactions and effective communication with stakeholders. This position not only promises valuable experience in the commodity trading sector but also opens pathways to future roles, including junior trader positions. If you're ambitious, proactive, and ready to thrive in a fast-paced environment, this opportunity is for you.

Qualifications

• 3 years experience in a commodity environment preferred.
• Fluency in English and other European languages is a plus.

Responsibilities

• Coordinate trade details from inception to execution with traders.
• Prepare trade-related documents and ensure data integrity.
• Perform market research and manage projects to maximize trading opportunities.

Skills

Communication Skills

Analytical Skills

Team Player

Entrepreneurial Drive

Fluency in English

Knowledge of European Languages

Education

Bachelor’s Degree in Finance

Degree in International Studies

Degree in Business/Analytical Field

Tools

Microsoft Office

Job description

About the Company:

Gerald Group is one of the oldest and the world’s largest commodity trading companies focused purely on the merchanting of non-ferrous, ferrous, and precious metals, as well as related concentrates and raw materials. For six decades, we have distinguished ourselves as the leading market specialists in the trading of all forms of refined metals and raw materials around the world. We take pride in our well-earned reputation as a dedicated and trusted partner to top-tier miners and processors, industrial consumers, and major financial institutions.

Position Summary:

The Trading Assistant EMEA (“T/A EMEA”) is a member of the front office physical trading team working directly with the Head of Trading EMEA and other (senior) trader(s) located in Dubai but also in other worldwide offices of the Group. The geographical focus is Europe, Middle East, and Africa. The T/A EMEA is exposed to non-ferrous, ferrous, and precious metals in various forms and shapes. His/her main role is to add commercial value through various support functions in order to make deals happen.

The Trading Assistant is immersed in the dynamic global trading process on a daily basis, providing an exceptional opportunity to contribute and learn as a valued member of the trading team. If successful, the trading assistant may become a junior trader or opens the door to any other important position in the Group.

Responsibilities:

• Work closely with the Head of Trading EMEA and other (senior) traders to coordinate details of each trade from inception to execution including liaising with external and internal stakeholders.
• Daily interact with legal, compliance (incl. ESG, KYC), credit, risk, finance, and logistics teams and front office colleagues in the Group’s worldwide offices to maximize the value of each transaction and ensure the information flow and capture is sufficient to satisfy reporting requirements and relevance to desk analysis.
• Support the onboarding of trading counterparties and the establishment of credit limits in coordination with the credit and compliance (incl. KYC, ESG) teams.
• Prepare and execute trade-related commercial documents including contracts, amendments, trade, and price confirmations.
• Perform data entry in the trading and risk systems and ensure data integrity of these data (including amendment to price, quantity, related expenses) along the life of a physical transaction.
• Maintain and report the physical position(s) and counterparties exposure by tracking the physical movement of commodities, the amendment, and booking of transactions.
• Calculate and explain the economics of each commercial deal or trading strategy and report accordingly to the product line(s) and risk department(s).
• Ensure routine pricing and hedging of physical contracts in coordination with the product line(s) and derivatives desk.
• Perform market (incl. product, freight…) research and analysis and manage various projects as needed to support and maximize opportunities in a dynamic global trading environment.
• Other duties as directed or assigned.

Requirements:

• Bachelor’s Degree in finance, international studies, or other business/analytical field required.
• 3 years related experience in a commodity environment with a preference for a trading house background.
• Well spoken, assertive team player capable of effectively communicating in a dynamic global environment.
• Demonstrable ambition, initiative, and goals with proven ability to execute.
• Entrepreneurial drive and willingness to work non-traditional business hours.
• Fluent in English and any other European language such as French, Italian, Spanish, or German is a plus. Advantage will be given to candidates speaking one or more European languages.
• Willing to travel internationally (e.g. in Europe, Africa) up to 30% of his time.
• Proficiency in Microsoft Office.