At a Glance
- Tasks: Support traders in booking transactions and managing contracts in a fast-paced trading environment.
- Company: Respected International Commodity Trading Company based in Central London.
- Benefits: Starting salary of £38,000 plus bonuses and benefits, with hybrid working options.
- Other info: Fluency in French and Arabic is a plus; dynamic role with excellent growth potential.
- Why this job: Become a future leader in trading with extensive training and career advancement opportunities.
- Qualifications: 2:1 degree or equivalent, strong interpersonal skills, and interest in international trading.
The predicted salary is between 38000 - 53200 £ per year.
Starting Salary of c.£38,000 plus bonus and benefits
Based: London / Hybrid (min. 4 days in the office)
Our client is a well-respected International Commodity Trading Company based in Central London who are looking to recruit a bright, numerate graduate with commercial flair to join them as a Trainee Trader. Trainee Traders are intended to become the future leaders of the business and will have the opportunity for advancement in a fascinating and fast-paced industry.
Your training will cover all elements of international trading, from negotiation through to shipping and finance. Working closely with the Traders, Senior Traders and specialist internal departments, Graduate Trainee Traders will execute trading contracts booked by Traders, implement all relevant administrative and handling functions in line with company practices, existing laws and regulations, and the conditions of individual contracts.
You will also liaise with multiple internal departments including Trade Finance, Shipping, Risk Management, Legal, Insurance and Accounts, as well as external companies such as banks, customers, suppliers, ports, etc. You will live and breathe the work of your Senior Trader, undertake in-house and external training to develop all the skills needed to progress to become an excellent commodity trader in the future.
Candidates should have at least a 2:1 UK degree or international equivalent, be able to demonstrate entrepreneurial ability and strong interpersonal skills plus a genuine interest in international trading. Language skills are advantageous generally, and at the moment, we are particularly interested in those with French and Arabic fluency.
DAY TO DAY RESPONSIBILITIES:
- Supporting traders to book new transactions
- Issuing contracts for new transactions
- Working with Trade Finance on the financing arrangements for transactions
- Securing, checking, approving adequate and complete documentation, both incoming and outgoing covering both the purchasing and sales of the commodity
- Ensuring prompt invoicing out and payments in, liaising with accounts as necessary
- Working with Shipping and Insurance to arrange the transport of the commodities
- Liaising with suppliers and customers to ensure a timely and smooth execution of all contracts
- Liaising with other administrative departments (including accounts) to trigger all necessary actions and, where necessary, establishing credit and debit notes or other internal documents related to contractual conditions
- Solving delivery problems in cooperation/coordination with the traders
- Assisting traders to resolve claims with suppliers and clients
- Executing all necessary actions within the computer systems to ensure a regular and continuous up to date status of orders to ensure correct reporting at all times
- Arranging issuance of original documentation with external parties such as inspection agents, insurance companies, Chambers of Commerce, and the delivery of those documents as needed internationally.
- Undertaking your training and development tasks
- Any other reasonable tasks as requested
KNOWLEDGE, QUALIFICATIONS AND SKILLS REQUIRED:
- Minimum 2:1 Degree from leading university in a relevant subject
- High proficiency / fluency in both French and Arabic would be highly advantageous
- Fluency in English essential – both written
Trainee Metals Trader employer: Richard James Recruitment Specialists Ltd
Our client is an exceptional employer located in the heart of Central London, offering a dynamic work environment that fosters growth and innovation within the Commodity and Energy trading sector. Employees benefit from a collaborative culture that encourages professional development, with opportunities to engage across various teams and expand their expertise in commodities trading and risk management. The role of Commercial Risk Analyst not only provides exposure to critical business functions but also paves the way for career advancement into leadership positions, making it a rewarding choice for ambitious professionals.
Contact Details:
Richard James Recruitment Specialists Ltd Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Trainee Metals Trader
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We think you need these skills to ace Trainee Metals Trader
Some tips for your application 🫡
Show your numbers!:In banking and financial services, we love a bit of quantification. Be sure to highlight any relevant coursework, grades, or projects that showcase your analytical skills. If you've tackled math-heavy subjects or have experience with financial modelling, let that shine on your CV!
Tailor your application to finance:Don't just copy and paste a generic cover letter; weave in your passion for finance and share any relevant experiences or internships, no matter how small. Writing about your motivations and learning potential in relation to the role will help us see you fit in at Richard James Recruitment Specialists Ltd.
Certifications can set you apart:If you've got any finance-related certifications (think CFA Level 1, ACCA, or even online courses), make sure to include them! They show initiative and a commitment to your career in banking, which we really appreciate.
Proofread with a fine-tooth comb:In finance, attention to detail is crucial! Spam your application with typos or poor formatting, and we may flag you as 'not detail-oriented'. So, let’s double-check everything. A clear structure in your CV and cover letter will also help your application stand out. Remember, apply through our website!
How to prepare for a job interview at Richard James Recruitment Specialists Ltd
✨Brush Up on Your Financial Knowledge
Make sure you’re comfortable with financial concepts and terminology. The interview may dive into areas like risk assessment or investment strategies, so revisiting some core principles and current trends in the banking sector will really help us stand out at Richard James Recruitment Specialists Ltd.
✨Prepare for Case Studies
Expect to encounter case studies or hypothetical financial scenarios where you’ll need to demonstrate your analytical skills. Practising with examples can help us articulate our thought process clearly and show how we approach problem-solving specific to the banking and financial services sector.
✨Highlight Your Learning Agility
As a trainee, they’re looking for potential over experience. We should emphasise our willingness to learn and adapt. Be ready to discuss how we’ve taken on challenges in the past, showcasing our growth mindset and eagerness to dive into the banking world with both feet.
✨Showcase Your Interest in the Industry
Let your passion for banking shine through! Discuss any relevant coursework, internships, or even personal finance projects you’ve explored. This not only demonstrates our knowledge but also our genuine enthusiasm for a career in banking at Richard James Recruitment Specialists Ltd.
