Director, Commodities Trader

3 weeks ago

Abu Dhabi, United Arab Emirates First Abu Dhabi Bank Full time

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 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 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.

Qualifications

  • 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. 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.

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