Executive Director, Precious Metals Trader

Job Purpose:

The Commodity trading desk is providing commodity hedges and risk management solutions. The desk covers a wide product range, covering Energy, Carbon, Base and Precious Metals and Agriculture.
• The role seeks a Commodity trader with specifically strong experience Precious Metals.
• The candidate’s primary focus would be to:
- Manage and leverage customer flow to deliver the assigned budget.
- Generate P&L with a detailed knowledge of Precious Metals markets.
- Enhance the Commodity desk capabilities and help growing the Precious Metals franchise.
- Establish relationships with key clients and counterparties.
- Support distribution avenues to enhance the flow business.

Job Context/ Dimensions:

• Price, Execute and Risk manage the client flow.
• Precious Metals Derivatives Market Making
• Physical Precious Metals Business development
• Proven track record in running risk and implementing trading strategies in Precious Metals.
• Natural drive to grow, develop and improve the business.
• Manage risk position of the desk within the applicable limits and desk risk tolerance and monitor the risks in the global commodity book.
• Be accountable for the risk levels and limits set by desk head and be responsible for adding revenue streams to Commodities.
• Have continuous interaction with sales on trading/hedging ideas.
• Work with other international FAB centers capturing flow and pricing for new additional local customers business.
• Continually interface with desk head to ensure trading positions are reported daily and the long-term requirements of FAB remain the target.
• Maintain and enhance market counterparty and customer perception of FAB as the number one institution for local banks and corporates to handle their commodity business hedging requirements.

Key Competencies:

• Minimum 10 years’ experience in commodity trading with specifically strong experience in Precious Metals.
• Preference for candidates with a proven track record in running risk in Precious Metals.
• Strong knowledge of commodity markets, trading platforms and trading systems.
• Strong analytic background and eager to learn.
• Demonstrable track record of managing commodities risk.
• Promotes and encourages co-operation within the team and its stakeholders. Maintaining an open dialogue between desks.
• Anticipates customer needs and responds to requirements in a timely and efficient manner. Show's strength in building positive relationships with existing and new clients.
• Recognizes and demonstrates the ability to exploit new business avenues, generating additional flow for the unit up and beyond his remit.
• As a strong team player would show the ability to distribute important news to the room/network.
• Adapts to change and supports any new desk initiatives. Promotes new ways of working and remains of a confident and approachable nature.
• Has a comprehensive mastery of the key financial and commercial performance indicators of the strategic business unit.
• Shows great awareness in developing new products that have the potential to increase revenue and keep the bank at the forefront of changes.