Trading Associate

Tate & Lyle Sugars; Greater London; On-site; GBP 75,000 - 110,000; Full time

Job summary

Tate & Lyle Sugars in London seeks an experienced Derivatives Trading Support specialist to help manage ITAS and SAP data, support the GSG trading desk, and ensure accurate contract processing.

You will execute FX and F&O trades, run complex Excel reports, and maintain the integrity of trading books, contributing to risk controls and timely reporting for senior leadership.

Qualifications

• Experience with sugar trading terms (SAL/RSAL/ICE) and related constraints.
• Strong Excel and data analysis skills.
• Excellent communication and numeracy.

Responsibilities

• Maintain SAP and ITAS data accuracy and interfaces.
• Enter and track London/Lisbon refinery sales in GSG books.
• Support execution of FX and F&O trades from physical sales.
• Run and edit the desk's complex Excel reports.
• Open new sales in ITAS and SAP for the desk.

Skills

Sugar contracts

Excel Macros

Data analysis

Communication

Teamwork

Tools

SAP

ITAS

Excel

Job description

The ASR Group® family of companies make up the world’s largest refiner and marketer of cane sugar. The companies produce a full line of grocery, industrial, foodservice and specialty sweetener products. Across North America, ASR Group® companies operate five sugar refineries, located in California, Maryland, Louisiana, Canada and Mexico. In Europe, ASR Group® companies operate sugar refineries in the United Kingdom, Portugal, and, with a joint venture partner, Italy. The companies also farm sugarcane and own sugar mills in Mexico and Belize. The ASR Group® portfolio includes the leading brands Domino®, C&H®, Florida Crystals®, Redpath®, Tate & Lyle®, Lyle's®, Sidul® and Whitworths®. ASR Group® companies also produce and market Tellus®, a single-use, compostable tableware and foodservice product made from plant fibers, including sugarcane.

Position Summary

This role will give the right person excellent career growth through exposure to senior leadership, diversity of trading and a focus on learning & development. You'll focus on a mixture of trading (currency, sugar, commidities and energy etc) as well as reporting on pricing & market updates.

POSITION SCOPE

• To support the Global Sugars Group’s (GSG) ITAS and SAP systems and to ensure they are correct
• To support the integrity of the GSG trading books
• To ensure data is inputted correctly to SAP and ITAS and to maintain the accuracy of the interface between SAP and ITAS
• To review and support GSG London in creation, execution and filing of raw sugar contracts, deeds and addendums
• To be able to execute FX and F&O trades externally in the financial markets
• To be able to run and edit the desks complex excel reports
• To open all new sales in ITAS and SAP for the desk from the Sales team
• To send all daily reports to the company from the desk

POSITION STRATEGIC OBJECTIVES AND KEY DELIVERABLES

• Smooth and accurate running of the GSG SAP & ITAS system
• Promote understanding of ASR’s way of working and systems where appropriate.
• Ensure all trades are recorded throughout the day
• Assist in developing strong relationships with all relevant suppliers and consumers
• Client satisfaction
• No breaches or failures in complying with TLS/ASR Risk Policy, Treasury policy and other internal and external requirements.
• Good inter-company relationships.

Detailed Roles & Responsibilities

• Enter and maintain contracts with particular attention to the flow of entries required to properly track London and Lisbon refinery sales back to the GSG book
• Assist GSG to ensure ITAS and other systems properly reflect GSG positions
• To provide cover for the Manager, Derivatives Trading (MDT) and in their absence, to accurately execute futures and currency trades as required from physical sales and customers
• Participate in ITAS training for the GSG team
• Have involvement in development of system improvements as mandated by the business
• Ensure up to date contracts are signed with all counterparties and that those contracts are in line with ESH and ASR policy
• Assist in the analysis of the GSG book and illustrate how the traders can save/make money through efficiencies in the book.
• Assist shipping operations/customer service with running and communicating shipping programs for GSG counterparties for white sugar.
• Liaise with and provide support to the refinery sales teams; ensure their sales to come are communicated to the MDT at least fortnightly for inclusion in the Guide to Buyer.
• Liaise with trading desk to review pending contracts. Monitor their passage through the legal and approval processes, file and ensure a complete record is maintained.

Risk Accountabilities

• Comply with the Trading Risk Policy
• Identify material risks inherent and communicate counterparty credit events to Risk management and GSG.
• Manage the submission if counterparty information to Risk management for credit analysis and review purposes
• Assist in the proactive monitoring of risk exposure as limits are being approached or in anticipation of planned transactions that would increase risk exposure beyond established risk tolerances
• Assist in the obtaining of approval from Legal and Compliance for any risk- associated changes to standard contractual terms.

Essential Capabilities (knowledge, Skills, Abilities And Personal Attributes)

• Good knowledge of sugar contract terms (SAL, RSAL, ICE) including good knowledge of terms of sales / buyers / constraints / anomalies in the sugar trade (preferable but not essential)
• Good communication, presentation, influencing, interpersonal and numerate skills.
• Attention to detail and time management
• Highly organised
• A real team player
• Strong Excel knowledge (writing Macros preferable)
• Ability to work under pressure
• Strong problem solving skills

At Tate & Lyle Sugars, our goal is to be the most admired sweetener Company. Service Excellence - Be the industry's Gold Standard by a relentless focus on reliability, providing products with superior quality and excellent customer services. Efficiency and Sustainability - Eliminate inefficiency to be a sustainable, low cost producer and to generate fuel for reinvestment. Value-Add - create strategic advantage and enhanced profitability through value-added products and services. The foundation of our values is Talent and Culture as we aim to build, retain and motivate a winning team.