Commodities Trader

Posted Date 06 Nov 2023

Experience	7 Years	Salary	17000AED - 20000AED
Job Type	Full Time	Company	bankfab
Job Category	Trade	Qualification	BS Economics
Gender	Male	Last Date	26 Nov
Vacancies	1	Remote	No
Location(s)	Abu Dhabi , United Arab Emirates

Job Description

First Abu⠀Dhabi Bank⠀is an⠀inclusive⠀environment⠀where each⠀person⠀values the⠀experiences,⠀perspectives,⠀ideas and⠀beliefs of⠀others.⠀We’re in⠀a unique⠀position⠀to learn⠀from all⠀our⠀colleagues,⠀combining⠀international⠀experience⠀with deep⠀cultural⠀knowledge⠀and local⠀expertise.⠀At FAB,⠀you’ll⠀have the⠀support of⠀your team⠀and a⠀strong⠀relationship⠀with your⠀line⠀manager,⠀who will⠀trust you⠀with⠀responsibility⠀and⠀recognize⠀your good⠀performance.⠀As we⠀embrace⠀different⠀ways of⠀seeing the⠀world,⠀listening⠀to each⠀other and⠀respecting⠀different⠀viewpoints,⠀we grow⠀stronger⠀–⠀together.

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.