Physical Precious Metals Trader

Greenland Investment Management; Mumbai; On-site; INR 17,391,304 - 30,917,875; Full time

Job summary

Greenland Investment Management is seeking an experienced Physical Precious Arbitrage Trader to identify, execute, and manage profitable arbitrage opportunities across global precious metals markets. The role requires deep expertise in physical gold and silver trading, cross-border market dynamics, pricing inefficiencies, logistics, financing structures, and risk management.

The successful candidate will generate consistent P&L through arbitrage strategies across geographic spreads, refinery

Qualifications

• Minimum 3 years of experience in physical gold/silver trading and arbitrage.
• Experience with cross-border markets and logistics is essential.
• Strong knowledge of refinery networks, vaulting, and tax rules.

Responsibilities

• Identify and execute physical gold/silver arbitrage across global markets.
• Develop models for geographic spreads, refining margins, and carrying costs.
• Coordinate trade lifecycle from execution to delivery with operations and compliance.
• Monitor VaR, limits, and settlement processes; manage counterparty risk.

Skills

Physical gold trading

Physical silver trading

Precious metals arbitrage

Commodities trading

Bullion trading

Job description

Company: Greenland Investment Management
Location: Flexible / Global Markets Focus
Department: Commodities Trading & Investments
Experience Required: Minimum 3 Years
Employment Type: Full-Time

Position Overview

Greenland Investment Management is seeking an experienced Physical Precious Arbitrage Trader to identify, execute, and manage profitable arbitrage opportunities across global precious metals markets. The role requires deep expertise in physical gold and silver trading, cross-border market dynamics, pricing inefficiencies, logistics, financing structures, and risk management.
The successful candidate will be responsible for generating consistent P&L through physical precious metals arbitrage strategies involving geographical price differentials, import/export opportunities, refinery relationships, vaulting networks, exchange-deliverable products, and physical-to-paper market dislocations.
This is a front-office revenue-generating role with direct responsibility for originating, evaluating, and executing arbitrage trades across global precious metals markets.

Key Responsibilities - Arbitrage Strategy Development

• Identify and execute physical gold and silver arbitrage opportunities across international markets.
• Monitor regional premiums and discounts across major trading hubs, including:
• Dubai
• Hong Kong
• London
• Shanghai
• Develop and maintain arbitrage models covering:
• Geographic spreads
• Refining margins
• Freight and logistics costs
• Financing and inventory carry costs
• Tax and duty structures
• Physical versus futures market opportunities

Physical Precious Metals Trading

• Execute spot, forward, and structured physical gold and silver transactions.
• Build and maintain relationships with:
• Refineries
• Dealers
• Logistics providers
• Institutional counterparties
• Source and place physical inventory efficiently across multiple jurisdictions.
• Track global precious metals supply and demand flows.
• Analyze:
• Central bank activity
• Refinery output
• Regional premiums
• Inventory levels
• Exchange warehouse stocks
• Identify emerging arbitrage opportunities arising from regulatory, logistical, or market dislocations.
• Manage price, currency, liquidity, settlement, logistics, and counterparty risks.
• Utilize futures and OTC derivatives for hedging physical exposure.
• Monitor Value-at-Risk (VaR), position limits, and inventory exposure.
• Ensure all trades comply with company risk parameters.

Trade Execution & Operations

• Coordinate closely with operations, compliance, finance, and logistics teams.
• Oversee trade lifecycle from execution through settlement and delivery.
• Ensure accurate trade capture, reconciliation, and reporting.
• Manage physical delivery schedules and inventory movements.

P&L Ownership

• Generate sustainable risk-adjusted returns through arbitrage activities.
• Maintain detailed records of opportunities, execution performance, and profitability.
• Present regular performance updates to senior management.

Required Qualifications Experience

• Minimum 3 years of experience in:
• Physical gold trading
• Physical silver trading
• Precious metals arbitrage
• Bullion trading
• Commodities trading
• Demonstrated track record of generating profitable arbitrage P&L.

Technical Knowledge
Strong understanding of:

• Physical precious metals markets.
• Global bullion supply chains.
• Precious metals financing and inventory management.
• Import/export procedures.
• International logistics and shipping.
• Futures and OTC hedging instruments.
• Market structure across major precious metals hubs.

Market Knowledge
Experience trading or analyzing:

• London Bullion Market Association
• Shanghai Gold Exchange
• COMEX
• Multi Commodity Exchange of India

Analytical Skills

• Advanced spreadsheet and financial modeling skills.
• Ability to calculate arbitrage profitability incorporating:
• Premiums/discounts
• FX exposure
• Duties and taxes
• Freight and insurance
• Strong quantitative and analytical mindset.

Communication Skills

• Excellent verbal and written communication.
• Ability to negotiate with international counterparties.
• Strong stakeholder management capabilities.

Preferred Qualifications

• Experience working with bullion banks, refineries, trading houses, hedge funds, commodity merchants, or family offices.
• Established network within the global precious metals ecosystem.
• Knowledge of structured trade finance.
• Familiarity with customs regulations and international trade compliance.
• Understanding of vaulting and custody arrangements.
• Experience trading across Asia, Middle East, Europe, and North America.

Key Performance Indicators (KPIs)

• Inventory Turnover
• Sharpe Ratio / Risk Efficiency
• Counterparty Development
• Settlement Accuracy and Operational Efficiency