At a Glance
- 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 and collaboration.
- Benefits: Competitive salary, professional development, and opportunities for career advancement.
- Other info: Fast-paced environment with opportunities for automation and digitisation projects.
- Why this job: Make an impact in the dynamic world of commodities trading and work with industry experts.
- Qualifications: 5+ years in base metals trading and strong analytical skills required.
The predicted salary is between 80000 - 100000 £ 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 make sure 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 in London employer: Commerzbank AG
Commerzbank is an exceptional employer for Base Metals Traders, offering a dynamic work environment that fosters intellectual curiosity and professional growth. With a strong emphasis on collaboration and innovation, employees benefit from comprehensive training, competitive compensation, and the opportunity to work alongside industry experts in a leading financial institution located in a vibrant financial hub. The bank's commitment to risk management and client relationships ensures that traders can thrive while contributing to the development of cutting-edge trading strategies.
StudySmarter Expert Advice🤫
We think this is how you could land Base Metals Trader in London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Commerzbank AG. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Base Metals Trader in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Commerzbank AG.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Commerzbank AG's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Commerzbank AG
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Commerzbank AG.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Commerzbank AG will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Commerzbank AG employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
