At a Glance
- Tasks: Promote FIS, arrange trades, and build client relationships in the oil market.
- Company: Dynamic London-based team in the financial markets sector.
- Benefits: Competitive salary, professional development, and a vibrant work culture.
- Other info: Opportunity for growth and continuous learning in a supportive team.
- Why this job: Join a fast-paced environment and make an impact in the oil trading world.
- Qualifications: Experience in oil products and strong networking skills required.
The predicted salary is between 36000 - 60000 £ per year.
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.
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 exchanges
- Create liquidity and price discovery with entities including Exchanges, SIs, MTFs, 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 be open and cooperative 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)
Key Competencies / Skills
- 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
- CISI Regs 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
Oil Broker employer: Freight Investor Services
Freight Investor Services (FIS) is an exceptional employer that fosters a dynamic work culture in the heart of London, where creativity meets strategic marketing. Employees benefit from comprehensive growth opportunities, a collaborative environment, and the chance to lead impactful events on a global scale, all while utilising cutting-edge AI tools to enhance their workflows.
StudySmarter Expert Advice🤫
We think this is how you could land Oil Broker
✨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 oil market will not only impress potential employers but also help us engage in meaningful conversations with clients and colleagues.
✨Tip Number 3
Don’t be shy about reaching out! Proactively contact industry participants for feedback and insights. This shows initiative and can lead to new business opportunities, which is exactly what we want.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are genuinely interested in joining our team.
We think you need these skills to ace Oil Broker
Some tips for your application 🫡
Show Your Passion for the Market:When writing your application, let your enthusiasm for the oil market shine through! We want to see that you’re not just experienced, but genuinely excited about the financial markets and how they work.
Tailor Your Experience:Make sure to highlight your relevant experience with oil products and commodities. We’re looking for candidates who can demonstrate their knowledge and skills in a way that aligns with what we do at StudySmarter.
Be Personable and Engaging:Since this role involves building relationships, your application should reflect your personable nature. Use a friendly tone and don’t hesitate to share examples of how you’ve successfully networked or built client relationships in the past.
Apply Through Our Website:We encourage you to apply directly 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 proactive, which is exactly what we’re looking for!
How to prepare for a job interview at Freight Investor Services
✨Know Your Oil Products Inside Out
Make sure you brush up on your knowledge of oil products and the commodities market. Be prepared to discuss recent trends, price movements, and how they impact trading. This will show your passion for the industry and your ability to provide valuable insights to clients.
✨Show Off Your Networking Skills
As a natural networker, you should be ready to share examples of how you've built and maintained relationships in the past. Think about specific instances where you've successfully generated leads or secured new business. This will demonstrate your proactive approach and ability to thrive in a dynamic environment.
✨Demonstrate Your Analytical Prowess
Prepare to showcase your analytical skills by discussing how you've assessed client needs and identified cross-selling opportunities. Bring examples of how you've used market intelligence to inform your trading strategies, as this will highlight your attention to detail and understanding of price risk management.
✨Be Ready for Compliance Questions
Since compliance is crucial in this role, be prepared to discuss your understanding of regulations and how you've adhered to them in previous positions. Show that you can exercise judgement and act with integrity, which will reassure the interviewers that you can maintain a risk-aware culture.
