At a Glance
- Tasks: Drive market growth by building relationships and promoting commodity benchmarks.
- Company: Join Fastmarkets, a trusted leader in global commodity price reporting.
- Benefits: Inclusive workplace, competitive salary, and opportunities for professional growth.
- Other info: Be part of a fast-paced team committed to equality and innovation.
- Why this job: Make an impact in dynamic markets while collaborating with diverse teams.
- Qualifications: Experience in market development and a passion for commodities is essential.
The predicted salary is between 60000 - 80000 £ per year.
Fastmarkets is an industry-leading price-reporting agency (PRA) and information provider for global commodities, providing price data, news, analytics and events for the agriculture, forest products, metals and mining and new-generation energy markets. Fastmarkets' data is critical for customers seeking to understand and predict dynamic, sometimes opaque markets, enabling trading and risk management. Fastmarkets is a global business with a history dating back to 1865 and is built on trust and deep market knowledge. It has more than 700 employees spread across global locations in the UK, US, China, India, Singapore, Brazil, Belgium, Finland and beyond.
Role Purpose
We are seeking a commercial, customer‑focused Market Development Manager to grow adoption and usage of our commodity benchmarks across the markets we serve. The role is centred on developing markets through customer relationships and partnerships, with a strong emphasis on derivatives and risk‑management use cases as a key driver of benchmark relevance, liquidity, and long‑term market adoption.
Key Responsibilities
- Build and manage senior customer relationships across producers, consumers, traders, financial institutions, exchanges, and brokers.
- Drive benchmark adoption by embedding prices into customer workflows, including physical contracts, pricing mechanisms, and derivatives and hedging activity.
- Develop and manage strategic partnerships (e.g. exchanges, trading venues, brokers, platforms) that support market growth and participation.
- Support initiatives that improve market usage, engagement, and liquidity, particularly where financial instruments play a role.
- Identify new commercial and market development opportunities informed by customer needs and market structure.
- Act as a bridge between the market and internal teams (editorial, product, commercial), ensuring customer and market insight is reflected internally.
- Represent the business in customer meetings, industry forums, and working groups.
Qualifications
We recruit talented, dynamic people with diverse backgrounds and experiences, all united by a belief in our mission to provide the world’s leading and most trusted price reporting, events, and intelligence service for the markets we serve. We’re proud to be an equal opportunities employer and are committed to creating a fully inclusive workplace, where everyone feels able to participate and contribute meaningfully. If you are open‑minded, curious, resilient, solutions‑oriented and committed to promoting equality, then read on...
Knowledge, Experience and Skills
We are looking for an individual who is highly motivated, driven, and has a passion to be part of a fast‑paced, successful team. Being a strong team player is also important as well as someone who is happy to work flexibly. Proven experience in market development, business development, or customer‑facing roles within commodity markets.
Essential:
- Hands‑on experience working with commodity derivatives (e.g. futures, options, swaps, OTC products), either:
- At an exchange or trading venue
- Within a bank, broker, or clearing member
- At a trading house, producer, or consumer using derivatives for risk management
- Strong understanding of how derivatives support price adoption, liquidity, and benchmark relevance.
- Demonstrated ability to develop markets through adoption, education, and partnerships, particularly in evolving or less mature markets.
Market Development Manager employer: FastMarkets Ltd
Fastmarkets is an exceptional employer that fosters a dynamic and inclusive work culture, where employees are encouraged to grow and develop their skills in the fast-paced world of commodity markets. With a commitment to equality and collaboration, Fastmarkets offers unique opportunities for professional advancement while being part of a global team dedicated to providing trusted price reporting and market intelligence. Located in various global hubs, including the UK, employees benefit from a diverse environment that promotes innovation and meaningful contributions.
StudySmarter Expert Advice🤫
We think this is how you could land Market Development Manager
✨Tip Number 1
Network like a pro! Get out there and connect with industry folks at events, webinars, or even on LinkedIn. Building relationships can open doors to opportunities that aren’t even advertised.
✨Tip Number 2
Show your passion! When you get the chance to chat with potential employers, let your enthusiasm for the commodity markets shine through. Share your insights and ideas on how you can contribute to their success.
✨Tip Number 3
Be proactive! Don’t just wait for job openings to pop up. Reach out to companies you admire, like Fastmarkets, and express your interest in working with them. You never know when they might have a role that fits you perfectly.
✨Tip Number 4
Utilise our website! Check out the latest job postings and apply directly through StudySmarter. It’s a great way to ensure your application gets noticed by the right people.
We think you need these skills to ace Market Development Manager
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Market Development Manager role. Highlight your experience in market development and customer relationships, especially in commodity markets. We want to see how your skills align with our mission!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to tell us why you're passionate about this role and how you can contribute to our team. Be sure to mention specific experiences that relate to driving benchmark adoption and building partnerships.
Showcase Your Knowledge of Commodities:We’re looking for someone who knows their stuff when it comes to commodity derivatives. In your application, demonstrate your understanding of how these products work and their importance in risk management and market development.
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 serious about joining our team at Fastmarkets!
How to prepare for a job interview at FastMarkets Ltd
✨Know Your Commodities
Make sure you brush up on your knowledge of commodity markets, especially derivatives like futures and options. Understanding how these instruments work will help you articulate their importance in driving benchmark adoption during the interview.
✨Build Your Customer Relationship Skills
Since the role focuses heavily on managing customer relationships, think of examples from your past experiences where you've successfully built and maintained strong partnerships. Be ready to discuss how you can apply those skills to engage with producers, consumers, and traders.
✨Showcase Your Market Development Experience
Prepare to talk about specific instances where you've driven market development or adoption in previous roles. Highlight any strategies you implemented that led to increased engagement or liquidity, as this will resonate well with what Fastmarkets is looking for.
✨Be Solutions-Oriented
Fastmarkets values a solutions-oriented mindset, so come prepared with ideas on how to tackle challenges in the commodity markets. Think about potential opportunities for growth and how you would approach them, demonstrating your proactive attitude.
