At a Glance
- Tasks: Broker base metals and options, providing market intelligence and executing trades for clients.
- Company: Join a leading global brokerage in freight and commodities with a strong innovative ethos.
- Benefits: Enjoy competitive salary, bonuses, healthcare, and 25 days holiday.
- Why this job: Be part of a dynamic team in a fast-paced environment with excellent career growth opportunities.
- Qualifications: Experience in options/derivatives and strong client relationship skills are essential.
- Other info: Work in a flat management structure that values initiative and teamwork.
The predicted salary is between 36000 - 60000 £ per year.
Freight Investor Services (FIS) is a leading global brokerage of freight and commodities. We are the world's largest broker on dry freight futures, and have a strong presence across the bulk commodities, metals, and energy markets. We were the first brokerage to trade in the cleared market on iron ore and later coking coal futures. We also maintain a strong position in broking steel futures on all exchanges, as well as fuel oil, base metals, fertilisers, and tanker freight.
We are proud of our innovative ethos, having been first mover on a number of products, most recently on the cobalt and air freight futures markets. Not only do we provide excellent brokerage services, but also data services via our App, FIS Live, other data services, as well as education to help those entering new markets. We have expanded via our network of trading associates and branch offices to offer coverage of derivative and physical shipping markets in London, New York, Houston, Dubai, Mumbai, Athens, Copenhagen, Geneva, Singapore and Shanghai.
Through our global network, FIS offers full brokerage services, trade execution and in-depth market intelligence and data for freight and commodities, as well as providing physical ship and cargo services. Our expertise in managing credit and counterparty risk provides a vital competitive advantage while enabling clients to trade with confidence.
The Role
We have an exciting opportunity for an experienced Base Metals Broker (LME/Options) in our London office. This is a mid-level role for a dynamic individual who has a passion for the financial markets, ideally with experience in an LME base metals or Options market. You will be personable, tenacious and a natural networker, having a proactive approach to generating leads and securing new business. In addition, you will be well organised, highly analytical and thrive in a fast-moving environment with a flat management structure. You are able to work under your own initiative as well as being an excellent team player.
Responsibilities
- Promote FIS as a company; providing market intelligence and analysis to clients
- Arrange trades via voice broking on behalf of clients for execution at relevant exchange
- Ensure all trades are executed on a non-advice / execution only basis
- Reconcile and enter trades in Trade Manager and/or relevant exchange as necessary
- Maintain and enhance existing client relationships, making regular contact and tracking daily trading activities
- Proactively solicit feedback from industry participants via trade calls, surveys, industry events, trade shows and conferences
- Produce a daily/weekly update of market prices, market direction for international desks
- On-board new clients following correct Compliance and Operations procedures
- Regularly assess client needs and financial conditions to identify internal cross-selling opportunities
- Understand the desk's business strategy; identify and seize new business opportunities relating to trends, future markets, products and clients
- Perform any other reasonable duties the company may require
Risk related responsibilities
- Regulation within the evolving regulatory landscape
- Support a risk and compliance aware culture and comply with FIS company policies
- Exercise judgement and act within integrity, due care, skill and diligence and open and co-operative with the FCA, other regulators and exchanges
- Ensure full awareness of and adhere to internal policies that relate to the role or any relevant other activities
- Observe standards of market conduct and ensure understanding and adherence to all regulatory, exchange or clearing house requirements applicable to role
Training
- Seek regular feedback from Desk Head to ensure role requirements are met
- Complete any mandatory training required by the company and required deadlines
- Maintain own Continued Professional Development (CPD)
Requirements
- Possess sound knowledge of Options/Derivatives/Commodity products and markets - essential
- Experience in Battery Metals - preferred
- Sound knowledge of markets and technical aspects of broking - essential
- Demonstrate experience as a broker covering commercial clients (financial or the physical markets) - essential
- Deep understanding of price risk management - essential
- Strong client focus; personable and engaging building relationships and networks wherever possible - essential
- Communicate effectively with clients and colleagues - essential
- Tenacious and thrives in a pressurised environment - essential
- Team orientated; works well with others and diverse groups / personalities - essential
- Excellent attention to detail; strong analytical and numeracy skills - essential
- Strong IT Systems experience - Excel - essential
Benefits
- Our rapidly growing business offers a dynamic environment for talented, entrepreneurial professionals to achieve results and grow their careers.
- Competitive salary and discretionary bonus
- Learning & Development / CPD opportunities
- Employee Assistance Programme
- 25 days holiday
- Private healthcare and life assurance scheme
- Season ticket travel loan
- Cycle to work scheme
- Electric vehicle / salary sacrifice scheme
Base Metals Broker (LME / Options) employer: Freight Investor Services Ltd.
Contact Detail:
Freight Investor Services Ltd. Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Base Metals Broker (LME / Options)
✨Tip Number 1
Network like a pro! Attend industry events, trade shows, and conferences to meet potential clients and other brokers. The more connections we make, the better our chances of landing that dream job.
✨Tip Number 2
Stay updated on market trends and news. Being knowledgeable about the latest developments in base metals and options will help us impress during interviews and discussions with potential employers.
✨Tip Number 3
Practice your pitch! We need to be able to clearly communicate our experience and how we can add value to a brokerage. A confident and engaging pitch can set us apart from the competition.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure our application gets noticed. Plus, it shows we’re genuinely interested in being part of the FIS team.
We think you need these skills to ace Base Metals Broker (LME / Options)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Base Metals Broker role. Highlight your experience in LME and Options markets, and don’t forget to showcase your analytical skills and client relationship management.
Craft a Compelling Cover Letter: Your cover letter should reflect your passion for financial markets and your proactive approach. Use it to tell us why you’re the perfect fit for FIS and how you can contribute to our innovative ethos.
Showcase Your Networking Skills: Since being a natural networker is key for this role, mention any relevant industry events or trade shows you've attended. Let us know how you’ve built relationships and generated leads in your previous roles.
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and get to know you better!
How to prepare for a job interview at Freight Investor Services Ltd.
✨Know Your Markets
Make sure you brush up on your knowledge of base metals, particularly LME and options. Familiarise yourself with current market trends, prices, and any recent news that could impact trading. This will not only show your passion for the financial markets but also demonstrate your analytical skills.
✨Showcase Your Networking Skills
As a Base Metals Broker, being personable and tenacious is key. Prepare examples of how you've successfully built and maintained client relationships in the past. Think about specific instances where your networking led to new business opportunities or valuable insights.
✨Demonstrate Your Analytical Prowess
Be ready to discuss your experience with market analysis and price risk management. Bring along examples of reports or analyses you've produced, and be prepared to explain your thought process. This will highlight your attention to detail and strong analytical skills.
✨Prepare for Compliance Questions
Given the regulatory landscape, expect questions around compliance and risk management. Brush up on relevant regulations and be ready to discuss how you've navigated compliance in previous roles. This will show that you understand the importance of adhering to industry standards.