Graduate - Commodity Trader

A leading corporate banking and capital markets organisation is seeking a Commodity Trader Graduate to join their team in London.

Main Purpose of the role:

Commerzbank Corporates clients (CC) is the integrated Corporate and Investment Banking division of Commerzbank AG. CC provides corporate and institutional clients with a broad range of commercial and investment banking products. It is active in Europe’s most important markets with main offices in Frankfurt and London. The business incorporates capital markets activities in commodities, interest rates and foreign exchange with a strong focus on derivatives. It provides clients with capital and debt raising solutions and offers its customers access to a broad range of investment and risk management products across all major asset classes.

The Commodity trading team within Financial Markets (FM) is a product specialist team with the responsibility of market making and risk managing the whole Commodity products suite of the bank. This includes Precious metals, Base metals, Oil & Gas, Power, Carbon and Agricultural products. Our clients are corporates who manage their commodity price risk; and their banks that act as their counterparties when Commerzbank has no relationship with the end-client. We provide tailor-made Commodity hedging solutions to our clients across the globe. We design complex Commodity trading strategies to maximize the value of our client franchise and optimize the P&L for the bank.

Key Activities and Competencies:

• Work with senior traders to produce risk management and P&L reports.
• Gain a solid understanding of all Commodities derivatives products.
• Pricing of all commodity payoffs following sales requests.
• Use VBA programming or similar language to support the automation of daily trading tasks.
• Idea generation: keeping on top of market, political and economic trends, developing an understanding of relevant issues in the market, and conveying this understanding to sales, in order to facilitate the sales process.
• Structure, price, trade and manage positions on Commodities in order to exploit and develop the bank's core client franchise in a risk controlled, capital efficient and cost effective manner.
• Effectively market making, managing risk and keeping senior staff informed of current risk positions.
• Be up to date with the rules and regulations of the markets and exchanges in which you trade and ensure an accurate mark-to-market of the trading book at all times.
• Monitor current market levels and competitor pricing, marking the trading books and making available such market data across the Commodity platform.
• Reconcile and ensure accuracy of Risk and Profit & Loss figures on a daily basis.
• Develop technical, market, product and technological expertise in a fashion consistent with the strategic aims of the business.
• Coordinate projects, monitor performance against objectives and ensure timely delivery.

Typical instruments traded will include futures/forwards, swaps and options.

Key Requirements:

• Graduated in the last 12 months or graduating in 2025.
• Educated to degree level in Mathematics, Physics, Engineering, Econometrics, or similar highly quantitative discipline.
• Expected to or have achieved a minimum 2.1 UK bachelors degree (or equivalent).
• Excellent numerical and analytical skills.
• Solid problem-solving abilities.
• Strong commercial mindset and high communication skills.
• High entrepreneurial attitude required to develop a business.
• Strong verbal and written communication skills.
• Business knowledge from a previous internship within Financial Services.
• Solid understanding of derivatives products at a theoretical and practical level.
• Knowledge of Microsoft Office.
• Experience in at least one programming language (VBA, Python, etc…).
• Team player.