At a Glance
- Tasks: Promote FIS, arrange trades, and provide market intelligence in the oil sector.
- Company: Leading global brokerage in freight and commodities with a strong innovative ethos.
- Benefits: Competitive salary, bonuses, healthcare, 25 days holiday, and career development opportunities.
- Other info: Thriving environment with opportunities for personal and professional growth.
- Why this job: Join a dynamic team and make an impact in the fast-paced oil market.
- Qualifications: Experience in oil products, strong client focus, and excellent communication skills.
The predicted salary is between 48000 - 72000 £ 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 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 Oil Broker to join our London based team working across the Oil Market. Responsible for promoting FIS and arranging trades on behalf of clients, you will be dynamic and personable with a passion for the financial markets. You will be a natural networker, having a proactive approach to generating leads and securing new business. Ideal candidates will have experience with oil products within the commodities space.
Key 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
- Create liquidity and price discovery with entities including Exchanges, SI's, MTF's, clearers, prime brokers and prop traders
- Maintain and create relationships with other brokers when there is no liquidity from Liquidity Providers
- 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
- Identify and seize new business opportunities relating to trends, future markets, products and clients
- 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
- Perform any other reasonable duties the company may require
Risk related responsibilities
- Understand regulation within the evolving regulatory landscape
- Support a risk and compliance aware culture and comply with FIS company policies
- Exercise judgement and act with 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
- Build on oil product knowledge for relevant products and markets
- Regular management feedback to ensure meet requirements
- Complete any mandatory training required by the company and required deadlines
- Maintain own Continued Professional Development (CPD)
Requirements
- Possess knowledge of oil products and markets; sound knowledge of derivatives as well as underlying markets and technical aspects of broking - preferred
- Degree in Economics or related degree - preferred
- Demonstrate experience as a broker covering commercial clients (financial 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
- Exhibit professional and ethical conduct at all times, establishing and developing all business relationships (internal and external stakeholders) based on respect, integrity & dignity
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
Oil Broker in City of London employer: Freight Investor Services Ltd.
Freight Investor Services (FIS) is an exceptional employer, offering a vibrant and innovative work culture in the heart of London. With a strong commitment to employee growth, FIS provides extensive learning and development opportunities alongside competitive salaries and benefits such as private healthcare and a generous holiday allowance. Joining our team means being part of a dynamic environment where your contributions directly impact the global commodities market, all while enjoying the perks of working in one of the world's leading financial hubs.
Contact Details:
Freight Investor Services Ltd. Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Oil Broker in City of London
✨Network Like a Pro
Get out there and start networking! Attend industry events, trade shows, and conferences to meet potential clients and other brokers. The more connections you make, the better your chances of landing that Oil Broker role.
✨Show Off Your Market Knowledge
When you get the chance to chat with industry folks, don’t hold back on sharing your insights about oil products and market trends. This not only showcases your expertise but also positions you as a go-to person in the field.
✨Follow Up, Follow Up, Follow Up
After meeting someone, drop them a quick email or message to keep the conversation going. It shows you're genuinely interested and helps you stay top of mind when they think of brokers for their next trade.
✨Apply Through Our Website
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about joining our team at FIS.
We think you need these skills to ace Oil Broker in City of London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Oil Broker role. Highlight your experience with oil products and any relevant market knowledge. We want to see how your skills align with what we do at FIS!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to showcase your passion for financial markets and your proactive approach to generating leads. Let us know why you’re the perfect fit for our team.
Showcase Your Networking Skills:As an Oil Broker, networking is key! In your application, mention any relevant connections or experiences that demonstrate your ability to build relationships in the industry. We love a natural networker!
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. We can’t wait to hear from you!
How to prepare for a job interview at Freight Investor Services Ltd.
✨Know Your Market
Before the interview, dive deep into the oil market trends and recent developments. Being able to discuss current events or shifts in the market will show your passion and expertise, which is crucial for an Oil Broker role.
✨Showcase Your Networking Skills
Prepare examples of how you've successfully built and maintained client relationships in the past. Highlight your proactive approach to generating leads and securing new business, as this is key for the position.
✨Demonstrate Analytical Skills
Be ready to discuss your experience with market analysis and price risk management. Bring along any relevant data or reports you've worked on to illustrate your analytical capabilities and attention to detail.
✨Emphasise Compliance Awareness
Familiarise yourself with the regulatory landscape affecting the oil market. Be prepared to discuss how you ensure compliance in your work and how you would support a risk-aware culture at FIS.
