At a Glance
- Tasks: Lead the 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, and opportunities to network with industry leaders.
- Other info: Join a collaborative team and shape the future of trading in Asia.
- Why this job: Make a significant impact in the evolving world of precious metals trading.
- Qualifications: 5+ years in precious metals markets and strong commercial acumen required.
The predicted salary is between 80000 - 100000 £ 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 have 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.
- 5+ years experience in precious metals markets, derivatives trading, or bullion banking.
- Technical knowledge of precious metals markets across derivatives and physically 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 in Newport employer: Abaxx Commodity Futures Exchange and Clearinghouse
As a leading exchange in the precious metals sector, we offer an exceptional work environment that fosters innovation and collaboration. Our London and Singapore offices provide a dynamic atmosphere where employees can thrive, with ample opportunities for professional growth and development in a rapidly evolving market. We prioritise employee well-being and engagement, ensuring that our team is equipped with the resources and support needed to excel in their roles while making a meaningful impact on the global trading landscape.
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 in Newport
✨Network Like a Pro
Get out there and connect with people in the precious metals industry! Attend conferences, join relevant online forums, and don’t be shy about reaching out to potential contacts on LinkedIn. We all know that sometimes it’s not just what you know, but who you know!
✨Show Off Your Expertise
When you get the chance to chat with industry folks, make sure to highlight your knowledge of the full precious metals trade lifecycle. Whether it's futures execution or bullion logistics, we want to see you shine as a subject-matter expert. This will help you stand out from the crowd!
✨Tailor Your Approach
Every conversation is an opportunity, so tailor your pitch to the person you're speaking with. If you're chatting with a trader, focus on liquidity and market dynamics; if it’s a logistics provider, dive into vaulting and delivery processes. We want to see you adapt and engage!
✨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 to showcase your skills and experience in the precious metals market. Let’s get you on board!
We think you need these skills to ace Business Development, Precious Metals in Newport
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Business Development role in Precious Metals. Highlight your experience in derivatives trading and any relevant technical expertise. We want to see how your background aligns with our needs!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about precious metals and how you can drive market adoption. We love seeing enthusiasm and a clear understanding of the role.
Showcase Your Network:If you've got connections in the precious metals ecosystem, flaunt them! Mention any relationships with banks, traders, or refiners that could benefit us. It shows you’re well-connected and ready to hit the ground running.
Apply Through Our Website:Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy – just follow the prompts!
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 the precious metals trade lifecycle. Understand everything from futures execution to physical delivery and vaulting. Being able to discuss these topics confidently will show that you're not just familiar with the theory but also have practical insights.
✨Showcase Your Market Understanding
Be prepared to discuss the current state of the OTC precious metals market and how you would approach transitioning trading flows to exchange-traded derivatives. Highlight any specific inefficiencies you've identified and suggest innovative solutions. This will demonstrate your analytical skills and strategic thinking.
✨Build Relationships, Even Virtually
Since this role involves managing senior-level relationships, think about how you can convey your networking skills during the interview. Share examples of how you've successfully engaged with bullion banks, traders, or logistics providers in the past. This will illustrate your ability to foster connections in the industry.
✨Prepare for Cultural Nuances
Given the focus on Asia-Pacific markets, be ready to discuss how cultural differences can impact business development strategies. Show that you understand the regional regulatory landscape and can navigate it effectively. This will highlight your adaptability and awareness of global market dynamics.
