Commodity Broker

Commodity Broker

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

  • Tasks: Promote market intelligence, arrange trades, and maintain client relationships in a dynamic environment.
  • Company: Join a leading global brokerage with a strong presence in freight and commodities.
  • Benefits: Enjoy competitive salary, private healthcare, 25 days holiday, and professional development opportunities.
  • Why this job: Be part of an innovative team making waves in the financial markets.
  • Qualifications: Experience in commodity markets and strong analytical skills are essential.
  • Other info: Fast-paced environment with excellent career growth potential.

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. 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 the 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 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 the 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 & dignity

Their rapidly growing business offers a dynamic environment for talented, entrepreneurial professionals to achieve results and grow/progress their careers.

Benefits

  • Competitive salary and discretionary bonus
  • Private healthcare and life assurance scheme
  • Employee Assistance Programme
  • 25 days holiday
  • Season ticket travel loan
  • Cycle to work scheme
  • Learning & Development / CPD opportunities

Seniority level: Mid-Senior level

Employment type: Full-time

Job function: Consulting

Commodity Broker employer: Gold Group Ltd

Gold Group Ltd is an exceptional employer, offering a vibrant and innovative work culture in the heart of London. With a strong focus on employee growth, they provide extensive learning and development opportunities alongside competitive salaries and benefits such as private healthcare and a generous holiday allowance. As a leading global brokerage, employees are empowered to thrive in a dynamic environment, fostering both personal and professional advancement while being part of a pioneering team in the commodities market.
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Contact Detail:

Gold Group Ltd Recruiting Team

StudySmarter Expert Advice 🀫

We think this is how you could land Commodity Broker

✨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 dream job.

✨Show Off Your Skills

When you get the chance, showcase your knowledge of the commodity markets. Whether it's through casual conversations or formal presentations, let your passion for the financial markets shine through. This will help you stand out from the crowd!

✨Follow Up Like a Boss

After meeting someone, don’t just let it slide! Follow up with a quick message or email to keep the conversation going. This shows you're proactive and genuinely interested in building relationships, which is key in this industry.

✨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 keen to join us at StudySmarter and contribute to our innovative ethos.

We think you need these skills to ace Commodity Broker

Market Intelligence
Analytical Skills
Client Relationship Management
Trade Execution
Risk Management
Communication Skills
Networking Skills
Attention to Detail
Numeracy Skills
Understanding of Commodity Markets
Proactive Lead Generation
Team Collaboration
Regulatory Compliance
Price Risk Management

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 this dynamic role.

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 candidates who can think critically and thrive in fast-paced environments!

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 innovative team!

How to prepare for a job interview at Gold Group Ltd

✨Know Your Commodities

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

✨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've used data to make informed decisions in previous roles. You might even want to bring along some examples of market analysis you've conducted to showcase your expertise.

✨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 would ensure adherence to these regulations and maintain a risk-aware culture within the team.

Commodity Broker
Gold Group Ltd
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