Commodity Broker

Gold Group; City Of London; On-site; GBP 40,000 - 60,000; Full time

Job summary

A leading global brokerage firm in London seeks a passionate Commodity Broker to join their team. In this mid-level role, you will be responsible for promoting the company and providing market intelligence, while managing client relationships and executing trades. Successful candidates will have experience in commodity markets and a strong focus on client interaction. The position offers competitive salary and extensive benefits, including healthcare and opportunities for professional development.

Benefits

Competitive salary and discretionary bonus

Pension scheme

Private healthcare

Gym membership

Learning & Development opportunities

Qualifications

• Experience in commodity markets preferred.
• Sound knowledge of broking and market aspects essential.
• Experience as a broker with commercial clients essential.

Responsibilities

• Promote the company and provide market intelligence.
• Arrange trades on behalf of clients.
• Maintain and enhance client relationships.

Skills

Client focus

Communication skills

Tenacity

Analytical skills

Teamwork

Education

CISI Regs & Derivatives exams

Tools

Excel

Job description

My client's global head office in London is a leading global brokerage of freight and commodities. They are the world's largest broker on dry freight futures, and have a strong presence across the bulk commodities, metals, and energy markets. They were the first brokerage to trade in the cleared market on iron ore and later coking coal futures, they also maintain a strong position in broking steel futures on all exchanges, as well as fuel oil, base metals, fertilisers, and tanker freight. they are extremely proud of their innovative ethos, having been first mover on a number of products, most recently on the cobalt and air freight futures markets. Not only do they provide excellent brokerage services, but also data services via their App, FIS Live, other data services, as well as education to help those entering new markets.

They have expanded via their network of trading associates and branch offices to offer coverage of derivative and physical shipping markets in London, New York, Houston, Dubai, Mumbai, Athens, Copenhagen, Geneva, Singapore and Shanghai. Through their global network, offers full brokerage services, trade execution and in-depth market intelligence and data for freight and commodities, as well as providing physical ship and cargo services. Their expertise in managing credit and counterparty risk provides a vital competitive advantage while enabling clients to trade with confidence.

The Role and Benefits

They have an exciting opportunity for a Commodity Broker in their London office. This is a mid-level role for a dynamic individual who has a passion for the financial markets. You will be, tenacious and a natural networker, having a proactive approach to generating leads and securing new business.

Key responsibilities:

• Promote their company; providing market intelligence and analysis to clients
• Arrange trades via voice broking on and behalf of clients
• Ensure all trades are executed on a non-advice / execution only basis
• Reconcile and enter trades in Trade Manager and/or relevant exchange as necessary
• Maintain and enhance existing client relationships, making regular contact and tracking daily trading activities
• Proactively solicit feedback from industry participants via trade calls, surveys, industry events, trade shows and conferences
• Produce a daily/weekly update of market prices, market direction for international desks
• On-board new clients following correct Compliance and Operations procedures Regularly assess client needs and financial conditions to identify internal cross-selling opportunities
• Understand the desk's business strategy; identify and seize new business opportunities relating to trends, future markets, products and clients
• Perform any other reasonable duties the company may require

Risk related responsibilities

• Understand regulation within the evolving regulatory landscape
• Support a risk and compliance aware culture and comply with FIS company policies Exercise judgement and act with integrity, due care, skill and diligence and open and co-operative with the FCA, other regulators and exchanges
• Ensure full awareness of and adhere to internal policies that relate to the role or any relevant other activities
• Observe standards of market conduct and ensure understanding and adherence to all regulatory, exchange or clearing house requirements applicable to role

Requirements

• Experience in any of the commodity markets in which they operate - preferred
• Sound knowledge of underlying markets and technical aspects of broking - essential
• Demonstrate experience as a broker covering commercial clients (financial markets) - essential
• Deep understanding of price risk management - essential
• CISI Regs & Derivatives exams - preferred
• Strong client focus; personable and engaging building relationships and networks wherever possible - essential
• Communicate effectively with clients and colleagues - essential
• Tenacious and thrives in a pressurised environment - essential
• Team orientated; works well with others and diverse groups / personalities - essential Excellent attention to detail; strong analytical and numeracy skills - essential
• Exhibit professional and ethical conduct at all times, establishing and developing all business relationships (internal and external stakeholders) based on respect, integrity & dignity
• Strong IT Systems experience - Excel - essential

Benefits

Their rapidly growing business offers a dynamic environment for talented, entrepreneurial professionals to achieve results and grow/ progress their careers.

• Competitive salary and discretionary bonus
• Pension scheme
• Private healthcare and life assurance scheme
• Employee Assistance Programme
• 25 days holiday
• Gym membership
• Season ticket travel loan
• Cycle to work scheme
• Learning & Development / CPD opportunities