This person will be responsible for assisting the hedging requirements of the Company’s physical position together with some Jobbing / Financial Proprietary Trading.
The Company, predominantly a Physical Trading Company, who trade, distribute metals, metal products in various countries worldwide. The Directors and Senior Staff members have long and solid experience in all facets of the metal trade and are well connected to a worldwide network of partners / agents, all of them experts in their local markets and fields with strong connections and ties.
The Company currently have several long-term contracts with major Middle Eastern smelters / plants. Primary metal intakes are also from Russia and South America. Secondary / scraps is sourced from Russia / CIS / Germany / UK / South Africa.
Sales are made on a worldwide basis with emphasis on USA, Japan, Middle East, India, South East Asian, Pakistan and Europe.
Customers include major consumers in the automotive and construction industries, secondary smelters and traders. Specialising in the sale of Non-Ferrous commodity metals worldwide and currently trades in Aluminium, Tin, Copper, Lead and Zinc.
The business is now looking to expand, and hence the requirement for an experienced LME – Trade Support Analyst to join the team, who will be responsible for assisting he LME Trader, both in terms of FOREX and LME - Aluminium, Copper, Lead, Zinc, Tin and Nickel.
Person Specification: -
The candidate will be very commercially minded, and able to demonstrate a track record of successfully trading on the LME
The candidate must have extensive knowledge and experience LME Trading, with minimum 2 years' experience in hedging or execution in commodities
Experience gained within an Investment Bank, Commodity Trading House, or Brokerage with a good provenance and reputation – with the ability to trade within pre-defined limits on behalf of the Company.
Ability to trade under pressure and to tight deadlines.
A strong knowledge and understanding of physical trading, logistics and contract administration.
Paper experience across all LME products
A solid academic background
Execution of derivatives to hedge physical exposure to LME products, to ensure all physical volumes are fully and effectively hedged
Risk assessment and reporting to management on this subject
Staying up to date regarding new regulations or trends that can affect the business
Continuously monitoring the market to identify the risk to trade and hedge physical positions
Understanding of hedging strategies.
Good Verbal and written Communication skills, able to engage with all stakeholders
Numerical, financial researching and analytical skills
IT skills including Word, Excel, Outlook
Commercial and entrepreneurial attitude
Cultural empathy and diplomacy.
To be considered for this role, applicants must be either citizens of the United Kingdom, EU-nationals or have the legal right to live and work in the UK.
Reporting to: Managing Director / LME Trader
Hours of work: 9am to 6pm although reasonable flexibility is required. Candidate must be willing to travel when required.
Salary: Flexible depending upon experience and background. P/L formulaic bonus