At a Glance
- Tasks: Promote market intelligence, arrange trades, and maintain client relationships in a dynamic environment.
- Company: Leading global brokerage with a strong presence in freight and commodities markets.
- Benefits: Competitive salary, private healthcare, 25 days holiday, and professional development opportunities.
- Why this job: Join a pioneering firm and make an impact in the fast-paced financial markets.
- Qualifications: Experience in commodity markets and strong analytical skills are essential.
- Other info: Dynamic workplace with excellent career growth and a flat management structure.
The predicted salary is between 36000 - 60000 £ 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 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 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
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 in London employer: Gold Group Ltd
Contact Detail:
Gold Group Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Commodity Broker in 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 dream job.
✨Show Off Your Skills
When you're chatting with recruiters or at networking events, don’t be shy about showcasing your skills and experience in the commodity markets. Be ready to discuss your past successes and how you can bring value to their team.
✨Follow Up
After meeting someone or having an interview, always follow up with a quick message. It shows you're keen and keeps you on their radar. A simple thank you or a note about something you discussed can go a long way!
✨Apply Through Our Website
Don’t forget to apply through our website for the best chance at landing the job! We love seeing candidates who take the initiative to connect directly with us. Plus, it makes tracking your application easier!
We think you need these skills to ace Commodity Broker in London
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 don’t miss out on any important updates. We can’t wait to hear from you!
How to prepare for a job interview at Gold Group Ltd
✨Know Your Commodities
Make sure you brush up on your knowledge of the specific commodities relevant to the role. Understand the market trends, recent news, and how they impact pricing. This will not only show your passion for the industry but also demonstrate your analytical skills during the interview.
✨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 leverage your connections to benefit the company.
✨Demonstrate Your Analytical Mindset
Be prepared to discuss your experience with market analysis and price risk management. Bring along any relevant data or reports you've worked on that showcase your analytical abilities. This will help you stand out as someone who can provide valuable insights to clients.
✨Understand Compliance and Risk Management
Familiarise yourself with the regulatory landscape and compliance requirements in the commodity markets. Be ready to discuss how you would ensure adherence to these regulations while executing trades. This shows that you are not only focused on sales but also on maintaining integrity and professionalism.