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- Tasks: Join our Base Metals trading desk to develop market-making strategies and manage trading positions.
- Company: Commerzbank, a leading financial institution with a focus on innovation.
- Benefits: Competitive salary, dynamic work environment, and opportunities for professional growth.
- Why this job: Make an impact in the commodities market while working with a talented team.
- Qualifications: 5+ years in base metals trading and strong analytical skills required.
- Other info: Be part of a forward-thinking team driving automation and digitisation in trading.
The predicted salary is between 80000 - 120000 £ per year.
Main purpose of the role: The Commodities trading desk at Commerzbank is looking for a highly motivated individual with a strong level of intellectual curiosity to join their Base metals trading desk. As a base metals trader your task will be to further develop the market making business. Your daily tasks will be to structure, price, trade and manage positions on Base metals derivatives and LME warrants in order to exploit and develop the bank's core client franchise in a risk controlled, capital efficient and cost effective manner.
Key activities:
- Effectively market make, manage risk and keep senior staff informed of current risk positions, be up to date with the rules and regulations of the base metals markets and exchanges.
- Work with the Head of Commodity trading to implement the most optimal trading strategies on base metals assets.
- Interact with OTC/listed brokers to ensure the best execution is always performed.
- Build and maintain strong relationships with Trading counterparties.
- Monitor current market levels and competitor pricing, mark the trading books and make available such market data across the Commodity platform, reconcile and ensure accuracy of Risk and Profit & Loss figures on a daily basis.
- Keep trading books within all required risk limits.
- Develop technical, market, product and technological expertise in a fashion consistent with the strategic aims of the business.
- Act as subject matter expert on base metals in the bank and represent the business with all internal stakeholders.
- Coordinate with Support units to set up any new trading instruments in the various trading systems.
- Work with the operations team to enable them to handle the settlement and delivery of the various financial and physical instruments.
- Actively promote the base metals franchise with Sales teams.
- Provide accurate and timely prices on their requests and provide regular trade ideas and market comments.
- Assist in the further automation and digitisation of the base metals business, coordinate projects, monitor performance against objectives.
- Typical instruments traded include spot, futures, forwards, swaps, vanilla options and exotic options, both cash settled and physically settled.
Key requirements:
- Experience of at least 5 years in Base metals trading is essential.
- Expert knowledge of the LME market.
- Sharp technical expertise in base metals derivatives contracts.
- The successful candidate will have a solid understanding of the various base metals supply and demand fundamentals.
- Robust comprehension of who are the key European consumers and producers.
- Ability to carry out execution of multiple base metals contracts in a short timeframe in the most efficient, compliant and cost-effective way.
- Excellent numerical and analytical skills.
- Solid problem-solving abilities.
- Strong commercial mindset and high communication skills.
- High entrepreneurial mindset required to develop a business.
- Excellent P&L track record.
- The successful candidate is likely to be educated to degree level in Mathematics, Physics, Engineering, Econometrics, or similar highly quantitative discipline.
Base Metals Trader - VP in City of London employer: Commerzbank AG
Contact Detail:
Commerzbank AG Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Base Metals Trader - VP in City of London
✨Network Like a Pro
Get out there and connect with people in the industry! Attend trading events, webinars, or even local meetups. Building relationships can open doors that a CV just can't.
✨Show Off Your Skills
When you get the chance to chat with potential employers, don’t hold back! Share your insights on market trends and your experience with base metals. Let them see your passion and expertise in action.
✨Stay Informed
Keep yourself updated on the latest news and regulations in the base metals market. Being knowledgeable will not only boost your confidence but also impress those you’re speaking with.
✨Apply Through Us!
Don’t forget to check out our website for openings! Applying directly through us can give you an edge, as we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Base Metals Trader - VP in City of London
Some tips for your application 🫡
Show Your Passion for Base Metals: When writing your application, let your enthusiasm for base metals trading shine through. We want to see that you’re not just ticking boxes but genuinely excited about the role and the market!
Highlight Relevant Experience: Make sure to detail your experience in base metals trading, especially your knowledge of the LME market. We’re looking for someone with at least 5 years under their belt, so don’t be shy about showcasing your achievements!
Be Clear and Concise: Keep your application straightforward and to the point. We appreciate clarity, so avoid jargon unless it’s relevant. Remember, we want to understand your skills and experiences without wading through 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 Commerzbank AG
✨Know Your Metals
Make sure you brush up on your knowledge of base metals and their market dynamics. Understand the supply and demand fundamentals, as well as the key players in the European market. This will not only show your expertise but also your genuine interest in the role.
✨Showcase Your Analytical Skills
Prepare to demonstrate your numerical and analytical skills during the interview. You might be asked to solve a problem or analyse a trading scenario on the spot. Practising with real-world examples can help you articulate your thought process clearly.
✨Be Ready to Discuss Risk Management
Since managing risk is a crucial part of the role, come prepared to discuss your approach to risk management. Think about past experiences where you've successfully navigated risk and how you would apply those strategies in this new position.
✨Build Relationships
Emphasise your ability to build and maintain strong relationships with trading counterparties. Prepare examples of how you've successfully collaborated with others in previous roles, as this will be key in promoting the base metals franchise and working with sales teams.