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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: Be at the forefront of base metals trading and make impactful decisions in a fast-paced market.
- Qualifications: 5+ years in base metals trading with strong analytical and communication skills.
- Other info: Collaborate with experts and drive automation in a thriving trading environment.
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 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 - VP 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 - VP in London
✨Tip Number 1
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 potential colleagues on LinkedIn. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Show off your expertise! When you get the chance to chat with hiring managers or recruiters, make sure to highlight your knowledge of the LME market and your experience with base metals derivatives. Share specific examples of how you've successfully managed risk and executed trades to demonstrate your value.
✨Tip Number 3
Stay updated on market trends! Keep an eye on current market levels and competitor pricing. Being well-informed will not only help you in interviews but also show that you're genuinely interested in the role and the industry. Plus, it gives you great talking points!
✨Tip Number 4
Apply through our website! We’ve got a streamlined application process that makes it easy for you to showcase your skills. Don’t miss out on the chance to join our team at Commerzbank – we’re looking for someone just like you to help us grow our base metals trading desk!
We think you need these skills to ace Base Metals Trader - VP 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!
Highlight Relevant Experience: Make sure to detail your experience in base metals trading clearly. We’re looking for at least 5 years of relevant experience, so don’t be shy about showcasing your achievements and expertise in your written application.
Be Analytical and Precise: Since this role requires excellent numerical and analytical skills, use your application to demonstrate these abilities. Include specific examples of how you've successfully managed risk or executed trades in the past.
Tailor Your Application: Don’t send a generic application! Tailor your CV and cover letter to reflect the key activities and requirements mentioned in the job description. We love seeing candidates who take the time to align their skills with what we’re looking for.
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 LME market. This will not only help you answer questions confidently but also show 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. Practise with real-world examples and be ready to explain your thought process clearly.
✨Be Ready to Discuss Strategies
Think about the trading strategies you've used in the past and be prepared to discuss them. Highlight how you've managed risk and executed trades efficiently. This will show that you have the entrepreneurial mindset they're looking for.
✨Build Rapport with Interviewers
Remember, building relationships is key in this role. During the interview, engage with your interviewers and show your communication skills. Ask insightful questions about the team and the bank's trading strategies to demonstrate your enthusiasm and fit for the culture.