Director - Commodities Trader

Job Description

• The Commodity trading desk is providing commodity hedges and risk management solutions. The desk covers a wide product range, covering Energy, Base and Precious Metals and Agriculture
• The role seeks a Commodity trader with specifically strong experience in Base Metals and Iron Ore
• The candidates primary focus would be to:
• Manage and leverage customer flow to deliver the assigned budget.
• Generate P&L with a detailed knowledge of metals markets (Ferrous and non-ferrous) and Iron Ore.
• Enhance the Commodity desk capabilities and help growing the Metals franchise.
• Establish relationships with key clients and counterparties.
• Support distribution avenues to enhance the flow business
• Price, Execute and Risk manage the client flow
• 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 closely with the sales team creating solutions
• 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 remains 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.

• Minimum 7 years experience in commodity trading with specifically strong experience in in Base Metals and Iron Ore
• 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. Shows 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.

Keyskills :

About Company

FAB, the UAE’s largest bank and one of the world’s largest financial institutions offers a an extensive range of tailor-made solutions, and products and services, to provide a customised banking experience. Through its strategic offerings, it looks to meet the banking needs of customers across the world via its market-leading Corporate and Investment Banking and Personal Banking franchises.
Headquartered in Abu Dhabi, in Khalifa Business Park, the bank’s international network spans over 19 countries, across the world, providing the global relationships, expertise and financial strength to support local, regional and international businesses seeking to do business at home and abroad. In line with its commitment to put customers first, to Grow Stronger, FAB will continually invest in people and technology to create the most customer-friendly banking experience and will support the growth ambitions of its stakeholders across the global network in which the bank operates.