At a Glance
- Tasks: Lead strategic growth of gold and silver derivatives trading in Asia.
- Company: Dynamic exchange focused on precious metals with a global reach.
- Benefits: Competitive salary, career development opportunities, and a vibrant work culture.
- Other info: Join a collaborative team and shape the future of trading.
- Why this job: Make a significant impact in the precious metals market and drive innovation.
- Qualifications: 10+ years in precious metals markets and strong commercial acumen required.
The predicted salary is between 72000 - 108000 £ per year.
The Business Development, Precious Metals will lead the strategic growth of gold and silver derivatives trading on the exchange, with a primary focus on Asia. This role is responsible for driving market adoption, developing liquidity, and transitioning precious metals trading activity from OTC markets to interact with exchange-traded derivatives.
The successful candidate will possess deep technical expertise across the full precious metals trade lifecycle—from futures execution and clearing through physical delivery, vaulting, and bullion logistics—and will act as a key interface between market participants, infrastructure providers, and internal exchange stakeholders.
Key Responsibilities- Define and execute the exchange’s precious metals growth strategy for gold and silver derivatives, with a focus on Asia-Pacific markets.
- Identify structural inefficiencies in existing OTC precious metals markets and design exchange-based solutions to improve transparency, capital efficiency, and risk management.
- Lead initiatives to migrate trading flows from OTC spot and forwards into standardized, cleared derivatives products.
- Assess regional regulatory, tax, and market structure considerations impacting bullion trading and derivatives adoption.
- Develop and manage senior-level relationships with bullion banks, producers, refiners, traders, vault operators, logistics providers, and institutional investors.
- Drive sales, onboarding, and activation of new participants across futures, options, and physically deliverable contracts.
- Work closely with liquidity providers and market makers to support sustainable order book depth and tight spreads.
- Act as a subject-matter expert for clients on product design, contract specifications, delivery mechanisms, and margining.
- Maintain expert-level understanding of the full precious metals trade lifecycle, including: Futures and options execution; Clearing, margining, and settlement; Physical delivery processes; Vaulting, custody, and inventory management; Bullion quality standards, bar lists, and assay processes.
- Provide commercial and technical input into new product launches, contract enhancements, and delivery infrastructure.
- Collaborate with clearing, operations, and technology teams to ensure robust and scalable post-trade processes.
- Represent the exchange externally at industry conferences, regulatory discussions, and client forums.
- Provide market intelligence and feedback to senior management on competitive dynamics, client demand, and regional trends.
- Partner with legal, compliance, and regulatory teams to support approvals and market access initiatives.
- Provide leadership and guidance to the regional sales and BD team as the business grows.
- Extensive experience (typically 10+ years) in precious metals markets, derivatives trading, or bullion banking.
- Deep technical knowledge of precious metals markets across derivatives and physical markets.
- Proven understanding of physical bullion markets, including vaulting, logistics, and settlement workflows.
- Strong background in OTC precious metals trading and demonstrated experience driving or supporting the transition to exchange-traded derivatives.
- Established network across the precious metals ecosystem in Asia, including banks, traders, refiners, and infrastructure providers.
- Strong commercial acumen with a track record of revenue growth, client acquisition, and liquidity development.
- Ability to engage credibly with both trading desks and operations teams on complex lifecycle and infrastructure topics.
- Excellent communication and stakeholder management skills across cultures and jurisdictions.
Business Development, Precious Metals employer: Abaxx Commodity Futures Exchange and Clearinghouse
As a leading exchange in the precious metals market, we offer an exceptional work environment that fosters innovation and collaboration. Our focus on strategic growth in Asia provides employees with unique opportunities to engage with industry leaders and drive meaningful change in the trading landscape. With a commitment to professional development and a culture that values expertise and initiative, we empower our team members to excel in their careers while contributing to the evolution of the precious metals sector.
Contact Details:
Abaxx Commodity Futures Exchange and Clearinghouse Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Business Development, Precious Metals
✨Network Like a Pro
Get out there and connect with people in the precious metals industry! Attend conferences, join relevant online forums, and engage on LinkedIn. Building relationships can open doors to opportunities that aren’t even advertised.
✨Showcase Your Expertise
When you get the chance to chat with potential employers or industry peers, don’t hold back on sharing your knowledge. Discuss trends in gold and silver derivatives, and how you can help drive market adoption. This will position you as a go-to expert in the field.
✨Tailor Your Approach
Every conversation is a chance to tailor your pitch. Highlight your experience in transitioning OTC trading to exchange-traded derivatives, and how you can tackle structural inefficiencies. Make it clear how your skills align with their needs.
✨Apply Through Our Website
Don’t forget to check out our website for job openings! Applying directly through us not only shows your interest but also gives you a better chance of being noticed by our hiring team. Let’s get you on board!
We think you need these skills to ace Business Development, Precious Metals
Some tips for your application 🫡
Show Your Passion for Precious Metals:When writing your application, let your enthusiasm for the precious metals market shine through. We want to see that you’re not just knowledgeable but genuinely excited about driving growth in gold and silver derivatives trading.
Tailor Your Experience:Make sure to highlight your relevant experience in precious metals and derivatives trading. We’re looking for candidates who can demonstrate their deep technical expertise and how it aligns with our goals at StudySmarter.
Be Clear and Concise:Keep your application straightforward and to the point. We appreciate clarity, so avoid jargon unless it’s necessary. Remember, we want to understand your qualifications without wading through unnecessary fluff!
Apply Through Our Website:Don’t forget to submit your application through our website! It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, it’s super easy to do!
How to prepare for a job interview at Abaxx Commodity Futures Exchange and Clearinghouse
✨Know Your Precious Metals Inside Out
Make sure you brush up on your knowledge of gold and silver derivatives trading, especially in the context of Asia-Pacific markets. Understand the full trade lifecycle, from futures execution to physical delivery. This will not only help you answer technical questions but also show your passion for the industry.
✨Showcase Your Network
Be prepared to discuss your established connections within the precious metals ecosystem. Highlight relationships with bullion banks, traders, and refiners. This demonstrates your ability to drive market adoption and develop liquidity, which is crucial for the role.
✨Demonstrate Problem-Solving Skills
Think about structural inefficiencies in existing OTC markets and come up with potential solutions. Be ready to share your insights on how to improve transparency and capital efficiency. This shows that you can think strategically and are proactive in addressing challenges.
✨Communicate Effectively
Practice articulating complex concepts clearly and confidently. You’ll need to engage with various stakeholders, so being able to communicate across cultures and jurisdictions is key. Prepare examples of how you've successfully managed stakeholder relationships in the past.
