At a Glance
- Tasks: Trade metal options and derivatives while managing financial risk and optimising positions.
- Company: Join a leading multinational mining group focused on base metals extraction and trading.
- Benefits: Enjoy competitive pay, performance incentives, and exposure to diverse markets.
- Why this job: Be part of a dynamic trading environment with growth potential and global impact.
- Qualifications: 5+ years in metals trading, strong derivatives knowledge, and excellent analytical skills required.
- Other info: Collaborate with teams across the globe in a fast-paced, entrepreneurial setting.
The predicted salary is between 72000 - 108000 £ per year.
We are a leading multinational mining group engaged in the extraction, production, and trading of base metals. Our business spans across physical and financial markets, and we are now looking for a skilled Metals Trader to enhance our trading strategies by managing financial risk around our physical cathode and concentrates.
We are seeking an experienced Metals Trader with a strong background in derivatives and options trading. The ideal candidate will have a minimum of five years of risk-taking experience and a proven track record in metal options trading. You will be responsible for trading financial instruments to optimize our physical positions, mitigate risk, and capitalize on market opportunities.
Key Responsibilities:- Trade metal options and derivatives to hedge and enhance returns on our physical cathode and concentrates positions.
- Develop and execute proprietary trading strategies in base metals, leveraging market insights and quantitative models.
- Actively manage risk exposure, ensuring compliance with internal risk limits and regulatory requirements.
- Collaborate with physical trading, risk management, and operations teams to align financial trading strategies with business objectives.
- Analyze global market trends, supply-demand fundamentals, and macroeconomic indicators to make informed trading decisions.
- Optimize structured trades, including spreads, volatility, and cross-commodity strategies.
- Engage with counterparties, brokers, and exchanges to enhance market access and execution efficiency.
- 5+ years of risk-taking experience in metals trading, with a strong focus on derivatives and options.
- A proven track record in metal options trading is essential.
- Strong knowledge of financial hedging strategies, volatility trading, and market-making.
- Experience trading around physical metal flows, preferably in cathodes and concentrates.
- Solid understanding of risk management principles, P&L drivers, and position limits.
- Strong quantitative, analytical, and problem-solving skills.
- Proficiency in trading platforms and analytical tools (e.g., Bloomberg, Reuters, Python, Excel).
- Excellent communication skills and the ability to work in a fast-paced, global environment.
What We Offer:
- A competitive compensation package with performance-based incentives.
- The opportunity to work with a global leader in mining and metals trading.
- Exposure to diverse markets and complex financial instruments.
- A dynamic and entrepreneurial trading environment with growth potential.
Senior Metals Trader employer: Marlin Selection Recruitment
Contact Detail:
Marlin Selection Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Metals Trader
✨Tip Number 1
Network with professionals in the metals trading industry. Attend relevant conferences, webinars, and events to meet potential colleagues and learn about the latest trends. Building relationships can often lead to job opportunities that aren't advertised.
✨Tip Number 2
Stay updated on global market trends and macroeconomic indicators that affect base metals. Regularly read industry reports and analyses to enhance your understanding of the market, which will help you during interviews and discussions with our team.
✨Tip Number 3
Familiarise yourself with the trading platforms and analytical tools mentioned in the job description, such as Bloomberg and Python. Having hands-on experience or knowledge of these tools will demonstrate your readiness for the role and set you apart from other candidates.
✨Tip Number 4
Prepare to discuss your previous trading strategies and risk management experiences in detail. Be ready to provide examples of how you've successfully navigated market challenges, as this will showcase your expertise and fit for the position.
We think you need these skills to ace Senior Metals Trader
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your relevant experience in metals trading, particularly your background in derivatives and options. Use specific examples to demonstrate your track record in metal options trading and risk management.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Discuss how your skills align with their needs, particularly in developing proprietary trading strategies and managing risk exposure.
Showcase Analytical Skills: Emphasise your quantitative and analytical abilities in your application. Mention any experience with trading platforms and analytical tools like Bloomberg or Python, as these are crucial for the role.
Highlight Collaboration Experience: Since the role involves working with various teams, include examples of past collaborations with physical trading, risk management, or operations teams. This will show your ability to align financial trading strategies with business objectives.
How to prepare for a job interview at Marlin Selection Recruitment
✨Showcase Your Trading Experience
Be prepared to discuss your previous trading experiences in detail, especially focusing on derivatives and options. Highlight specific examples where you successfully managed risk and capitalised on market opportunities.
✨Demonstrate Analytical Skills
Since the role requires strong quantitative and analytical skills, be ready to explain how you've used data analysis to inform your trading decisions. Discuss any tools or models you've developed or utilised, such as Python or Excel.
✨Understand Market Trends
Familiarise yourself with current global market trends and macroeconomic indicators related to base metals. Be prepared to discuss how these factors influence trading strategies and decision-making processes.
✨Communicate Effectively
Excellent communication skills are crucial for this role. Practice articulating your thoughts clearly and concisely, especially when discussing complex trading strategies or risk management principles. This will help demonstrate your ability to collaborate with various teams.