Senior Metals Trader - Options and Derivatives

Marlin Selection Ltd; London; On-site; GBP 60,000 - 100,000; Full time

Job summary

An established industry player in mining and metals trading is seeking a Senior Metals Trader with expertise in options and derivatives. This role involves managing financial risks and optimizing trading strategies for physical metal positions. The ideal candidate will bring over five years of experience in the field, with a strong focus on derivatives trading and a proven track record in metal options. Join a dynamic and entrepreneurial trading environment that offers exposure to diverse markets and complex financial instruments, while contributing to the growth of a global leader in the industry.

Benefits

Competitive compensation package

Performance-based incentives

Growth potential in a dynamic environment

Qualifications

• 5+ years of experience in metals trading with a focus on derivatives and options.
• Proven track record in metal options trading and risk management.

Responsibilities

• Trade metal options and derivatives to hedge and enhance returns.
• Develop proprietary trading strategies using market insights.

Skills

Metals Trading

Derivatives Trading

Options Trading

Risk Management

Quantitative Analysis

Communication Skills

Tools

Bloomberg

Reuters

Python

Excel

Job description

Use Ctrl (Command on Mac) to Select Multiple

Senior Metals Trader - Options and Derivatives

We are a leading multinational mining group engaged in the extraction, production, and trading of base metals. Our business spans across physical and financial markets, and we are now looking for a skilled Metals Trader to enhance our trading strategies by managing financial risk around our physical cathode and concentrates.

Role Overview:

We are seeking an experienced Metals Trader with a strong background in derivatives and options trading. The ideal candidate will have a minimum of five years of risk-taking experience and a proven track record in metal options trading. You will be responsible for trading financial instruments to optimize our physical positions, mitigate risk, and capitalize on market opportunities.

Key Responsibilities:

• Trade metal options and derivatives to hedge and enhance returns on our physical cathode and concentrates positions.
• Develop and execute proprietary trading strategies in base metals, leveraging market insights and quantitative models.
• Actively manage risk exposure, ensuring compliance with internal risk limits and regulatory requirements.
• Collaborate with physical trading, risk management, and operations teams to align financial trading strategies with business objectives.
• Analyze global market trends, supply-demand fundamentals, and macroeconomic indicators to make informed trading decisions.
• Optimize structured trades, including spreads, volatility, and cross-commodity strategies.
• Engage with counterparties, brokers, and exchanges to enhance market access and execution efficiency.

Key Requirements:

• 5+ years of risk-taking experience in metals trading, with a strong focus on derivatives and options.
• A proven track record in metal options trading is essential.
• Strong knowledge of financial hedging strategies, volatility trading, and market-making.
• Experience trading around physical metal flows, preferably in cathodes and concentrates.
• Solid understanding of risk management principles, P&L drivers, and position limits.
• Strong quantitative, analytical, and problem-solving skills.
• Proficiency in trading platforms and analytical tools (e.g., Bloomberg, Reuters, Python, Excel).
• Excellent communication skills and the ability to work in a fast-paced, global environment.

What We Offer:

• A competitive compensation package with performance-based incentives.
• The opportunity to work with a global leader in mining and metals trading.
• Exposure to diverse markets and complex financial instruments.
• A dynamic and entrepreneurial trading environment with growth potential.