Commodity Broker

Commodity Broker

Full-Time 36000 - 60000 Β£ / year (est.) No home office possible
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At a Glance

  • Tasks: Promote the company, provide market analysis, and arrange trades for clients.
  • Company: Leading global brokerage in freight and commodities with a strong innovative ethos.
  • Benefits: Competitive salary, dynamic work environment, and opportunities for professional growth.
  • Why this job: Join a fast-paced team and make an impact in the financial markets.
  • Qualifications: Experience in commodity markets and strong client relationship skills required.
  • Other info: Flat management structure with excellent career advancement opportunities.

The predicted salary is between 36000 - 60000 Β£ per year.

My client's global head office in London is a leading global brokerage of freight and commodities. They are the world's largest broker on dry freight futures, and have a strong presence across the bulk commodities, metals, and energy markets. They were the first brokerage to trade in the cleared market on iron ore and later coking coal futures, and they also maintain a strong position in broking steel futures on all exchanges, as well as fuel oil, base metals, fertilisers, and tanker freight. They are extremely proud of their innovative ethos, having been first mover on a number of products, most recently on the cobalt and air freight futures markets. Not only do they provide excellent brokerage services, but also data services via their App, FIS Live, other data services, as well as education to help those entering new markets.

They have expanded via their 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 their global network, they offer 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. Their expertise in managing credit and counterparty risk provides a vital competitive advantage while enabling clients to trade with confidence.

The Role and Benefits

They have an exciting opportunity for a Commodity Broker in their London office. This is a mid-level role for a dynamic individual who has a passion for the financial markets. 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.

Key responsibilities

  • Promote their company; providing market intelligence and analysis to clients
  • Arrange trades via voice broking on behalf of clients
  • 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

  • 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

Requirements

  • Experience in any of the commodity markets in which they operate – preferred
  • Sound knowledge of underlying markets and technical aspects of broking – essential
  • 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

Commodity Broker employer: Gold Group Limited

As a leading global brokerage based in London, our company offers an exceptional work environment for Commodity Brokers, characterised by a flat management structure that fosters collaboration and innovation. We pride ourselves on our commitment to employee growth, providing extensive training and development opportunities alongside a dynamic and fast-paced culture that encourages initiative and creativity. With a strong presence in the commodities market and a focus on cutting-edge technology, we empower our employees to thrive while making a meaningful impact in the financial sector.
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Contact Detail:

Gold Group Limited Recruiting Team

StudySmarter Expert Advice 🀫

We think this is how you could land Commodity Broker

✨Network Like a Pro

Get out there and connect with people in the industry! Attend trade shows, conferences, and networking events. The more you mingle, the better your chances of landing that Commodity Broker role.

✨Show Off Your Knowledge

When you get the chance to chat with potential employers, make sure to demonstrate your understanding of the commodity markets. Share insights and trends you've noticed; it shows you're not just another candidate but someone who’s genuinely passionate about the field.

✨Follow Up Like a Boss

After any meeting or networking event, don’t forget to follow up! A quick email thanking them for their time and reiterating your interest can keep you top of mind. Plus, it shows you’re proactive and serious about the opportunity.

✨Apply Through Our Website

We’ve got a fantastic platform for job applications. Make sure to apply through our website to ensure your application gets the attention it deserves. It’s a great way to show you’re keen on joining our innovative team!

We think you need these skills to ace Commodity Broker

Market Intelligence
Trade Execution
Client Relationship Management
Analytical Skills
Numeracy Skills
Communication Skills
Networking Skills
Attention to Detail
Risk Management
Compliance Knowledge
Understanding of Commodity Markets
Proactive Lead Generation
Teamwork
Adaptability
Integrity

Some tips for your application 🫑

Tailor Your CV: Make sure your CV is tailored to the Commodity Broker role. Highlight your experience in commodity markets and any relevant skills that match the job description. We want to see how you can bring value to our team!

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 innovative brokerage.

Showcase Your Analytical Skills: Since this role requires strong analytical abilities, make sure to include examples of how you've used these skills in past roles. We love seeing how you tackle challenges and make data-driven decisions!

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 your enthusiasm for joining our team!

How to prepare for a job interview at Gold Group Limited

✨Know Your Commodities

Make sure you brush up on your knowledge of the specific commodities relevant to the role. Understand the latest trends, market movements, and key players in the industry. This will not only help you answer questions confidently but also show your genuine interest in the sector.

✨Showcase Your Networking Skills

As a Commodity Broker, building relationships is key. Prepare examples of how you've successfully networked in the past or generated leads. Be ready to discuss your approach to maintaining client relationships and how you can bring that to the table.

✨Demonstrate Analytical Thinking

Since the role requires strong analytical skills, be prepared to discuss how you analyse market data and make informed decisions. You might even want to bring along a case study or example of a time when your analysis led to a successful trade or decision.

✨Prepare for Compliance Questions

Given the importance of compliance in this role, review the regulatory landscape related to commodities trading. Be ready to discuss how you ensure adherence to regulations and how you would handle any compliance challenges that may arise.

Commodity Broker
Gold Group Limited
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