Physical Copper Cathode Trader

Richard James Recruitment Specialists Ltd; Greater London; On-site; GBP 90,000 - 130,000; Full time

Job summary

Richard James Recruitment Specialists Ltd is seeking a skilled copper cathode trader to build and manage the physical copper book in Central London. You will trade copper cathode, hedge exposure, and produce detailed PnL reporting while liaising with risk, settlement, treasury and legal teams.

The role requires understanding of copper fundamentals, price exposure and trading instruments, plus the ability to develop markets and counterparties. A degree and network in copper trading are essential.

Qualifications

• Degree qualified or equivalent.
• Understanding copper cathode fundamentals, products, grades, qualities, geopolitical and environmental influence on copper cathode market.
• Understanding copper cathode price exposure, risk profile, all trading instruments and technical trading.
• Solid knowledge of typical trading counterparties and a strong network.
• Have a strong understanding of the Pioneer trading system.
• Experience of copper concentrate and/or scrap business is a plus.

Responsibilities

• Executing copper cathode trades in the copper market.
• Trading physical copper cathode to develop and increase profitability.
• Negotiating spot and term contracts to supply the copper cathode market.
• Performing analysis and support the team.
• Developing markets and counterparties.
• Proposing and carrying out derivatives strategy for the benefit of the team.
• Contributing to arbitrage options and structure deals with other company entities to share the risk and the reward on a fair basis for the benefit of the team.
• In general, perform any trading activity under supervision.
• Liaising with Risk, Settlement, Treasury, KYC, Legal and other relevant Depts on trade and or system related issues.
• Monitoring major industrial events and arrange marketing trips, and client/counterparty meetings.
• Meeting reporting requirement for business updates, market analysis, risk, application etc. for the Department and wider company.

Skills

Copper trading

Risk analysis

P&L understanding

Market research

Education

Degree qualified

Tools

Pioneer trading system

Job description

Richard James Recruitment Specialists Ltd is seeking a skilled copper cathode trader to build and manage the physical copper book in Central London. You will trade copper cathode, hedge exposure, and produce detailed PnL reporting while liaising with risk, settlement, treasury and legal teams.

The role requires understanding of copper fundamentals, price exposure and trading instruments, plus the ability to develop markets and counterparties. A degree and network in copper trading are essential.