At a Glance
- Tasks: Manage clients and execute trades on commodity options while analysing market trends.
- Company: Join a dynamic team in the fast-paced world of commodity trading.
- Benefits: Enjoy competitive salary, private medical insurance, and an electric car scheme.
- Why this job: Be part of a supportive team and make an impact in global trade.
- Qualifications: 2-5 years in commodity broking with strong analytical and communication skills required.
- Other info: Ideal for self-motivated individuals who thrive in a collaborative environment.
The predicted salary is between 43200 - 72000 £ per year.
As a Commodity options broker, you will be responsible for managing clients and executing trades on options across a range of commodities. You will work closely with a broad spectrum of financial and physical clients to assess and manage risk, execute trades, and analyze market trends. The role requires an understanding of commodity markets, option calculation, and how these are used to hedge or speculate on different products.
Key Responsibilities:
- Trade Execution: Negotiate and transact options across different segments of the commodity markets, such as FFA, Iron Ore, TTF, and JKM to hedge risk or capitalize on market opportunities.
- Market Analysis: Monitor global commodity markets, including volatility surface and matrix movements, geopolitical events, and economic indicators, to inform trading strategies.
- Risk Management: Utilize our access to different commodities to mitigate exposure to underlying physical positions or give correct vol exposure. Develop and implement hedging strategies for clients.
- Client Relationship Management: Build and maintain relationships with clients while establishing new relationships with prospective clients.
- Research and Reporting: Produce daily reports using trade recommendations based on market conditions and forecasts.
- Compliance: Ensure that all trading activities adhere to regulatory guidelines and company policies.
Required Skills and Qualifications:
- Experience: 2-5 years of experience in commodity broking or equivalent markets. Previous experience in options broking is highly desirable.
- Analytical Skills: Strong quantitative and analytical skills with the ability to interpret data and market trends.
- Market Knowledge: Understanding of how options work, how to price them, and an understanding of different strategies.
- Communication Skills: Excellent written and verbal communication skills, with the ability to interact with clients, stakeholders, and internal teams.
- Software Proficiency: Familiarity with trading platforms, financial modeling software, and advanced Excel functions.
- Self-motivated and able to thrive in a fast-paced, dynamic environment. Ability to work both independently and as part of a collaborative team. Interest in global shipping and freight markets, with a focus on global trade trends.
Competitive salary and performance-based incentives. Private Medical Insurance. Electric Car Scheme. Opportunity to be part of a friendly and supportive team.
Commodity Options Broker (FFA) employer: JR United Kingdom
Contact Detail:
JR United Kingdom Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Commodity Options Broker (FFA)
✨Tip Number 1
Familiarise yourself with the specific commodities mentioned in the job description, such as FFA, Iron Ore, TTF, and JKM. Understanding these markets will not only help you during interviews but also demonstrate your genuine interest in the role.
✨Tip Number 2
Network with professionals in the commodity broking industry. Attend relevant events or join online forums to connect with others who can provide insights or even refer you to opportunities at StudySmarter.
✨Tip Number 3
Stay updated on current market trends and geopolitical events that affect commodity prices. Being able to discuss recent developments during your interview will showcase your analytical skills and market knowledge.
✨Tip Number 4
Prepare to discuss your previous experience in commodity broking or related fields. Be ready to share specific examples of how you've managed client relationships or executed trades, as this will highlight your suitability for the role.
We think you need these skills to ace Commodity Options Broker (FFA)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in commodity broking and options trading. Emphasise your analytical skills and any specific software proficiency that aligns with the job description.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of commodity markets and your ability to manage client relationships. Mention specific examples of how you've successfully executed trades or developed hedging strategies in the past.
Highlight Relevant Skills: In your application, clearly outline your quantitative and analytical skills. Provide examples of how you've used these skills to interpret market trends or produce reports that informed trading strategies.
Showcase Communication Abilities: Since excellent communication is key for this role, include instances where you've effectively interacted with clients or stakeholders. This could be through presentations, reports, or direct client management.
How to prepare for a job interview at JR United Kingdom
✨Showcase Your Market Knowledge
Make sure to demonstrate your understanding of commodity markets and options during the interview. Be prepared to discuss recent market trends, geopolitical events, and how they might impact trading strategies.
✨Highlight Analytical Skills
Since strong analytical skills are crucial for this role, come ready to share examples of how you've used data to inform trading decisions or risk management strategies in your previous roles.
✨Prepare for Client Relationship Scenarios
Expect questions about client management. Think of specific instances where you successfully built or maintained client relationships, and be ready to explain your approach to establishing trust and rapport.
✨Familiarise Yourself with Compliance Regulations
Understanding compliance is key in this role. Brush up on relevant regulations and be prepared to discuss how you ensure adherence to guidelines in your trading activities.