Trading Assistant - Aluminum Desk

Gerald Metals LLC
Oct 12, 2016
Nov 09, 2016
Employer Type
Direct Employer
Employment Type
Full Time
Job Description:

Description: The trading assistant is a member of the front office physical trading team working directly with the trader to add commercial value through various support functions including the tracking and analysis of commercial risks and exposures inherent to physical commodities trading. This includes tracking physical movements of commodities and associated documents, monitoring market exposures and execution of hedges, tracking contract execution and optionality, reporting and analysis of profit and loss as well as various administrative duties and special projects. The information and reports generated by the trading assistant are essential in allowing the trader to make informed commercial decisions. The trading assistant is immersed in the dynamic global trading process on a daily basis, providing an exceptional opportunity to contribute and learn as a valued member of the trading team. Responsibilities: Maintain report and analyze profit and loss, risks and exposures resulting from the daily physical and derivative commercial activities of the respective trading desk. Ensure routine daily hedging of certain exposures is executed properly. Independently explain and justify the economics of each commercial deal or trading strategy and how changes in the market impact the strategy as well as overall position. Produce daily results and commentary in a concise manner for management and traders. Track the physical movement of commodities and associated coordination of financing banks, shipping and title documents, transfers and associated risks. Identify arbitrage opportunities through coordination of market data and logistics costs. Track daily mark to market exposure arising from derivatives positions in various financial markets including but not limited to the London Metal Exchange, Chicago Mercantile Group and Shanghai Metals Exchange. Prepare and execute trade related commercial documents including but not limited to physical commodity forward purchase and sale contracts / amendments, OTC financial instruments, trade and price confirmations. Work closely with trader to coordinate details of each trade from inception to execution including liaising with legal, logistics, credit, risk, finance teams and colleagues in various foreign offices to maximize the value of each transaction and ensure the information flow and capture is sufficient to satisfy reporting requirements and relevance to desk analysis. Full responsibility for integrity of data in trading systems used to capture and provide information relied on for commercial matters with direct financial and legal impact. Work with IT department to maximize efficiency in reporting. Provide analysis and manage various special projects as needed to support and maximize opportunities in a dynamic global trading environment. Requirements: Degree in finance, international studies or other business / analytical field 2-3 years related experience in a commodity trading environment Well spoken, assertive team player capable of effectively communicating in a dynamic global environment Demonstrable ambition, initiative and goals with proven ability to execute Entrepreneurial drive and willingness to work non-traditional business hours

Company Description:

Group Summary:
The Gerald Group is a leading private global commodity trading company founded in 1962 and based in Stamford, Connecticut. Over the last 50+ years, Gerald has been actively engaged in the physical merchanting, trade and structured financing of commodities, growing to a global network across all four corners of the world which provides trading and investment solutions to both producer and consumer clients worldwide.
Gerald focuses primarily on the global commerce of commodities. The Group is involved in the sourcing of physical commodities, logistics and transportation services, processing and refining solutions, as well as the sale to ultimate consumers and fabricators. In addition to merchant and trading services, The Group also engages in specialized merchant banking services with global partners across the commodity stream, providing structured trade finance and growing a diverse portfolio of projects. This includes developing and managing strategic investments in counter parties such as producers, refineries, smelters, storage and logistics entities, industrial consumers, and fabricators. During its long and successful history, The Gerald Group has built a strong repertoire of knowledge in physical merchanting and trade finance, becoming one of the leading participants in the international physical commodity markets, with approximately US $3 Billion in assets and US $10 Billion in revenue. The Groups position as a global leader in commodity trading and commerce, coupled with our unique experience and expertise, provides our counter-parties with unprecedented market access and custom tailored solutions.