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- Tasks: Join our dynamic team to trade and manage base metals derivatives while developing market strategies.
- Company: Commerzbank, a leading financial institution with a focus on innovation and collaboration.
- Benefits: Competitive salary, professional development opportunities, and a vibrant work culture.
- Why this job: Make an impact in the commodities market and enhance your trading expertise.
- Qualifications: 5+ years in base metals trading with strong analytical and communication skills.
- Other info: Opportunity to work with cutting-edge technology and drive business growth.
The predicted salary is between 100000 - 150000 £ 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 - Director in London employer: Commerzbank AG
Contact Detail:
Commerzbank AG Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Base Metals Trader - Director in London
✨Network Like a Pro
Get out there and connect with people in the base metals trading scene. Attend industry events, join relevant online forums, and don’t be shy about reaching out to professionals on LinkedIn. Building relationships can open doors that a CV just can’t.
✨Show Off Your Expertise
When you get the chance to chat with potential employers, make sure to highlight your knowledge of the LME market and base metals derivatives. Share insights or recent trends you've noticed – it shows you're not just a trader, but a thought leader in the field.
✨Be Ready for the Numbers Game
Brush up on your analytical skills and be prepared to discuss your P&L track record. Employers love candidates who can back up their claims with solid data, so have examples ready that showcase your success in managing risk and executing trades efficiently.
✨Apply Through Our Website
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we’re always looking for passionate individuals who want to make an impact in the commodities trading world.
We think you need these skills to ace Base Metals Trader - Director in 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. Share any relevant experiences or insights that highlight your intellectual curiosity!
Tailor Your CV and Cover Letter: Make sure your CV and cover letter are tailored specifically to the Base Metals Trader position. Highlight your experience in trading, especially with LME markets, and showcase your analytical skills. We love seeing how your background aligns with what we’re looking for!
Be Clear and Concise: Keep your application clear and to the point. We appreciate well-structured documents that make it easy for us to see your qualifications. Avoid jargon unless it’s relevant, and focus on what makes you a great fit for the role.
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 shows you’re keen on joining our team at Commerzbank!
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 the LME market. Be prepared to discuss current trends, supply and demand fundamentals, and how they impact trading strategies. This shows your intellectual curiosity and expertise.
✨Showcase Your Analytical Skills
Be ready to demonstrate your numerical and analytical skills during the interview. You might be asked to solve a problem or analyse a scenario related to base metals trading. Practising with real-world examples can help you shine in this area.
✨Build Relationships
Since building strong relationships with trading counterparties is key, think of examples from your past experiences where you successfully established or maintained professional relationships. This will highlight your communication skills and commercial mindset.
✨Discuss Risk Management
Prepare to talk about your approach to risk management in trading. Be specific about how you've kept trading books within risk limits and any strategies you've implemented to manage risk effectively. This will show that you understand the importance of risk control in trading.