At a Glance
- Tasks: Manage dairy derivatives trading strategies and provide liquidity to clients.
- Company: Join a leading US investment bank with a global commodities platform.
- Benefits: Competitive salary, exposure to institutional clients, and significant career growth.
- Other info: Ideal for established traders seeking a dynamic and supportive environment.
- Why this job: Make an impact in the dairy market while working with top-tier clients.
- Qualifications: 5+ years of dairy derivatives trading experience and strong analytical skills.
The predicted salary is between 54000 - 66000 £ per year.
A leading US investment bank is seeking an experienced Derivative Dairy Trader to join its global commodities platform.
The successful candidate will be responsible for developing and managing dairy derivatives trading strategies across CME-listed dairy products, providing liquidity to clients, managing risk, and identifying proprietary trading opportunities.
This is a front-office revenue-generating role offering exposure to institutional clients, dairy producers, processors, food manufacturers, commodity trading houses, and financial investors.
Key Responsibilities
Overview
A leading US investment bank is seeking an experienced Derivative Dairy Trader to join its global commodities platform.
The successful candidate will be responsible for developing and managing dairy derivatives trading strategies across CME-listed dairy products, providing liquidity to clients, managing risk, and identifying proprietary trading opportunities.
This is a front-office revenue-generating role offering exposure to institutional clients, dairy producers, processors, food manufacturers, commodity trading houses, and financial investors.
Key Responsibilities
- Manage a proprietary and client-facing dairy derivatives trading book.
• Trade CME Dairy futures and options, including
- Class III Milk
- Class IV Milk
- Dry Whey
- Non-Fat Dry Milk (NFDM)
- Cheese
- Butter
- Develop and implement trading strategies based on fundamental, technical, and quantitative analysis.
- Price, structure, and execute dairy hedging solutions for commercial and institutional clients.
- Monitor market risk, position limits, Va R, and P&L performance.
- Analyse global dairy supply and demand dynamics, milk production trends, weather impacts, feed costs, and macroeconomic developments.
- Build and maintain relationships with dairy producers, cooperatives, processors, food manufacturers, commodity trading firms, hedge funds, and asset managers.
- Collaborate closely with sales, research, structuring, and risk management teams.
- Identify new market opportunities and contribute to growth initiatives across the agricultural commodities business.
- Prepare market commentary and trade ideas for both internal stakeholders and external clients.
Requirements
- 5+ years of dairy derivatives trading experience gained within an investment bank, commodity trading house, dairy cooperative, hedge fund, merchant, or commodity brokerage.
- Strong understanding of CME dairy contracts and dairy market fundamentals.
- Proven track record of generating profitable trading P&L while operating within a robust risk management framework.
- Experience marketing and executing hedge solutions for commercial dairy clients.
- Strong quantitative, analytical, and problem-solving skills.
- Excellent communication and relationship management abilities.
- Bachelor's degree in Finance, Economics, Agriculture, Mathematics, Engineering, or a related discipline.
- Series 3 and/or relevant regulatory registrations preferred.
- Preferred Experience
- Existing network of dairy producers, processors, cooperatives, food manufacturers, and institutional market participants.
- Options trading and volatility management expertise.
- Experience covering both North American and global dairy markets.
- Understanding of related agricultural and feed markets including corn, soybean meal, and energy inputs.
- Key Success Measures
- Trading profitability and risk-adjusted returns.
- Growth in client revenues and market share.
- Development of new client relationships and commercial opportunities.
- Effective management of risk exposures.
- Contribution to the broader agricultural commodities franchise.
This role would suit an established dairy derivatives trader or senior dairy trader looking to join a tier-one commodities platform with significant balance sheet support and access to a leading institutional client base.
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Dairy Trader employer: Selby Jennings
Selby Jennings is an exceptional employer, offering a dynamic work culture that fosters collaboration and innovation in the heart of London. Employees benefit from extensive growth opportunities, competitive compensation, and a supportive environment that encourages professional development, making it an ideal place for those looking to make a meaningful impact in the finance technology sector.
StudySmarter Expert Advice🤫
We think this is how you could land Dairy Trader
✨Connect with Local Farmers and Co-ops
Don't underestimate the power of local connections in agriculture. Get involved in local farmers' markets or agricultural co-ops. These are great places to meet potential employers and get the inside scoop on job openings before they're even advertised.
✨Get Involved in Agricultural Events
Keep an eye out for agricultural fairs, conferences, and workshops in your area. These events are golden opportunities to network with industry professionals and showcase your passion. You might even stumble across job boards or companies actively looking to hire!
✨Volunteer for Relevant Experience
Consider volunteering with organisations focused on agriculture, sustainability, or community gardening. This not only boosts your CV but also expands your network. You never know who might be watching your hard work and dedication!
✨Keep an Eye on Job Listings at Industry-Specific Websites
Be sure to check out agriculture-focused job boards and websites regularly. Companies like Selby Jennings often post opportunities on their own sites before anywhere else, so don’t miss out! Apply directly through us to increase your chances!
We think you need these skills to ace Dairy Trader
Some tips for your application 🫡
Showcase Your Relevant Experience:When applying for a role in agriculture, it's crucial to highlight any hands-on experience you have in farming, crop management, or sustainable practices. We want to see how your background aligns with the role you're after, so be specific about the responsibilities you've had and any tools or techniques you've used.
Certifications Matter:In agriculture, relevant certifications can really give your application a boost. If you have any qualifications related to agricultural practices, pest management, or environmental regulations, make sure to mention them! They're great indicators of your commitment and expertise in the field.
Tailor Your CV to the Agriculture Sector:Your CV should reflect your passion for agriculture. Structure it to emphasise your field experience and any relevant projects you've been involved in. Don't forget to highlight your soft skills, like teamwork and communication, which are essential in this sector.
Passion is Key in Your Cover Letter:Since this is a full-time position, we want to feel your enthusiasm for agriculture in your cover letter. Share why you're drawn to this industry and mention any long-term goals you have that align with what Selby Jennings does. This can really set you apart from other candidates.
How to prepare for a job interview at Selby Jennings
✨Get Familiar with Agricultural Technologies
Make sure you're up to speed with the latest agricultural technologies and tools that are commonly used in the field. Whether it’s precision farming tools or crop management software, being able to discuss these effectively during your interview with Selby Jennings will show that you're technically savvy and ready to contribute from day one.
✨Showcase Your Practical Experience
Since agriculture is a hands-on industry, be prepared to share any practical experiences you've had. This could be through internships, volunteer work, or even personal projects. Discussing specific challenges you faced and how you overcame them can really impress the interviewers, especially in a full-time role at Selby Jennings.
✨Understand the Sustainable Practices
Sustainability is a hot topic in agriculture right now, so it's important to understand current practices and regulations in the industry. Familiarise yourself with concepts like crop rotation, organic farming, and environmental impact. Having informed opinions on these topics can set you apart from other candidates during your interview.
✨Practice Common Industry Scenarios
Expect to tackle a few scenario-based questions that mimic real-life challenges in agriculture. For instance, you might be asked how you would handle a pest infestation or manage resources during a drought. Practising these scenarios will help you respond confidently and showcase your problem-solving skills during the interview with Selby Jennings.
