At a Glance
- Tasks: Lead the trading of Base and Precious Metals while managing risks and building client relationships.
- Company: Join a leading financial institution with a focus on innovation and collaboration.
- Benefits: Competitive salary, inclusive culture, and opportunities for professional growth.
- Other info: Dynamic role with a commitment to diversity and inclusion in the workplace.
- Why this job: Make a significant impact in commodities trading and shape the future of the market.
- Qualifications: Degree in STEM or finance, with experience in metals trading and strong market knowledge.
The predicted salary is between 50000 - 65000 £ per year.
This is an opportunity to play a senior role in the continued success and growth of the Commodity Derivatives team, with a focus on Base and Precious Metals in the UK. The role is responsible for managing the Base and Precious Metals trading book in close partnership with the wider Trading team, combining strong market judgement, disciplined risk management, and collaborative execution. The overall objective is to deliver sustainable revenues, support the development of the trading franchise, and build trusted relationships with internal and external stakeholders. Success in this role will be achieved through clear goals, strong partnership, and thoughtful execution of initiatives that support the team’s business strategies and objectives, while ensuring all activities are conducted in compliance with governing regulations, internal policies, and procedures. This role has been identified as a Material Risk Taker (MRT) and falls within the scope of the PRA/FCA Certification Regime. The successful candidate will therefore be required to be internally certified as performing a significant harm function.
Accountabilities
- Champion a client-focused culture that deepens relationships, strengthens trust, and leverages the broader Bank’s relationships, systems, and expertise.
- Lead oversight of the metals trading book as a senior trader, managing risk for the respective business with sound judgement and accountability.
- Engage regularly with clients and stakeholders to share market insights, identify new opportunities, and execute transactions effectively.
- Partner with Corporate and Investment Banking Relationship Managers to expand the client base and cross-sell Global Banking and Markets (GBM) and broader Bank capabilities, including supporting stakeholder engagement through presentations and approvals of hedging facilities.
- Stay close to industry developments, including market conditions, competitor practices, and regulatory changes, ensuring the business remains responsive and aligned with evolving requirements.
- Apply the Bank’s risk appetite and risk culture thoughtfully in day-to-day activities and decisions.
- Actively pursue effective and efficient operations within the respective area, while maintaining strong day-to-day business controls to meet obligations relating to operational risk, regulatory compliance risk, AML/ATF risk, and conduct risk, including responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook, and the Code of Conduct.
- Contribute to a high-performing, respectful, and inclusive team environment, supporting the team’s vision, values, and business strategy.
Education / Experience
- Undergraduate degree required, preferably in STEM or a related discipline such as Finance, Economics, or Business.
- An advanced degree or CFA designation is an asset.
- Strong product knowledge and understanding of financial markets, with the confidence to apply expertise in a fast-moving trading environment.
- Knowledge of Bloomberg, booking systems, and trading protocols.
- High level of integrity, sound judgement, and commitment to compliance.
- Experience in Precious and Base Metals derivative trading.
Location: England, Greater London, London (UK)
We are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know.
Director, Commodities Trading in London employer: Scotiabank
As a leading player in the commodities trading sector, our company offers an exceptional work environment that fosters collaboration, innovation, and professional growth. Located in the heart of London, we provide our employees with access to a vibrant market, competitive compensation, and comprehensive benefits, all while promoting a culture of inclusivity and respect. Join us to be part of a high-performing team where your expertise in Base and Precious Metals trading will not only be valued but also contribute significantly to our ongoing success.
StudySmarter Expert Advice🤫
We think this is how you could land Director, Commodities Trading in London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Scotiabank. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Director, Commodities Trading in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Scotiabank.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Scotiabank's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Scotiabank
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Scotiabank.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Scotiabank will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Scotiabank employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
