Senior Trader – Energy Products

JSW INTERNATIONAL TRADECORP PTE. LTD.; Singapore; On-site; SGD 120,000 - 160,000; Full time

Job summary

A global coal trading firm in Singapore is seeking an experienced professional to develop new markets for thermal coal cargoes. The role requires a minimum of 10-12 years of trading experience, ideally with established networks in the industry. You will be responsible for trading, market intelligence, and ensuring compliance with regulations. Excellent negotiation and interpersonal skills are essential for success in this role.

Qualifications

• Minimum 10-12 years of experience in trading thermal coal with a proven track record.
• Established industry network of buyers and sellers.
• Comprehensive understanding of trading operations and compliance.

Responsibilities

• Develop and trade thermal coal in the specified regions.
• Build the thermal coal origination business.
• Ensure compliance with company guidelines and regulations.

Skills

Trading thermal coal

Market analysis

Negotiation skills

Job description

Position Purpose:

The incumbent will be responsible for developing new origination markets for Thermal Coal cargoes like Colombia, Australia, US, Mozambique and South Africa. The successful candidate will also be responsible for sales of Thermal Coal cargoes into South Asia Markets.

Experience in Trading of Iron Ore and Ferrous Scrap would be an added advantage.

Responsibilities:

Trading:

1. Develop physical trades leveraging the dynamics of the physical and futures thermal coal;

2. Build the Non-Indonesia thermal coal origination business for JITPL;

3. Ensure trades and positions accuracy in relevant trading systems;

4. Draft business proposals/contracts and work with Legal and Compliance on commercial terms;

5. Collaborate with Trade Operations Team on daily operations related matters such as LC, LOI, etc.

6. Engage in external stakeholder interactions and manage counterparties in the respective markets;

7. Conduct overseas visits for business discussions and negotiations;

8. Support colleagues outside the assigned tasks to enhance the total value/ trading portfolio;

9. Work closely with relevant departments on Market Risk and Credit for internal control requirements.

Market Intelligence and Reporting:

1. Research and analyse industry developments and trends using various publications and resources;

2. Regularly report and share information with relevant parties within the company;

3. Create reports as required by the Director on an ad-hoc basis;

4. Understand accounting requirements relevant to transactions.

Compliance:

1. Ensure all activities comply with company guidelines, policies, and relevant laws and taxes;

2. Trade within the designated business framework and assigned trading limits;

3. Prepare supporting documents for internal control;

4. Liaise with legal and compliance for counterparty registration applications (i.e. KYC, AML etc);

5. Prepare Security Trade Control documents and ensure compliance;

6. Coordinate with Finance and Accounting for correct accounting treatments.

Requirements:

• Minimum 10-12 years of working experience in the area of trading thermal coal in the origins and markets specified with a good track record of handling at least 2 Million MT annually.
• Established industry network in terms of both buyers and sellers.
• Knowledge in at least Thermal Coal and in addition Iron Ore and Ferrous Scrap as commodities and its value/ supply chain.
• Understanding of Business Operations, Structured trading, L/C, Security trade Control, Internal Control, and International Trade Compliance regulations.
• Comprehensive understanding of the macro- economic, cultural, and political environment surrounding the products involved.
• Knowledge of paper markets, hedging, book positions management, and traded markets.
• Ability to draw analysis and make sound commercial decisions.
• Good people management and interpersonal skills with persuasive negotiation skills.