What are the responsibilities and job description for the Commodity Trader position at Freeport-McMoRan?
Why You Should Apply for This Job
At Freeport-McMoRan, we are committed to providing an employment package that recognizes excellence, encourages safe production and a culture supported by our core values. Here, you’ll find a collaborative environment where safety is a top priority, all opinions are valued, and people are empowered to grow in their career. Apply Today!
Where You Will Work
Our global headquarters is in Phoenix, Arizona. Several hundred employees support global operations in finance, human resources, information technology, planning and more from the main office, satellite offices or online. As a Hybrid employee, you’ll engage in virtual collaboration as well as attend in-person meetings at our Collaboration Hub in Phoenix or at one of our site locations. The Collaboration Hub provides an open, flexible workspace for individuals and teams to come together for various business needs. Amenities at the Hub include a working café, phone booths and meeting rooms with technology tools for virtual and in-person collaboration. In-person attendance may vary based on the position and department requirements.
Phoenix is the capital of the Grand Canyon State and enjoys mostly bright skies throughout the year. It is the perfect place if you enjoy the outdoors, love sports, concerts and other big city amenities or technology. There are great neighborhoods around Phoenix, with easy access to a major city, nature, the arts and many more amenities.
What You Will Do
Under general supervision, you will manage commodity price risk and oversee daily Trade Desk functions, including executing authorized copper strategic price risk management programs and maintaining derivative positions. The position will not engage in speculative trading. Execute customer-directed price hedges through broker counterparts, confirm transaction details, and monitor counterparty limits to ensure compliance. Maintain accurate data entry in derivatives databases, coordinate monthly position closeouts, and partner with Compliance for trade accuracy. Prepare and distribute daily market reports, interact with Sales to achieve hedge objectives, and assemble metals price data for invoicing accuracy. Perform other duties as requested.
What You Bring To Freeport
The estimated annual pay range for this role is currently $73,500-$101,000. This range reflects base salary only and does not include bonus payments, benefits or retirement contributions. Actual base pay is determined by experience, qualifications, skills and other job-related factors. This role is eligible for additional discretionary and incentive payment considerations based on company and individual performance. More details will be shared during the hiring process. Click here to view a sample of Total Rewards Estimate for this role.
Freeport-McMoRan promotes a drug/alcohol-free work environment using mandatory pre-employment drug testing as allowed by applicable laws.
Equal Opportunity Employer
Please be advised Freeport-McMoRan will never request payment for job-related expenses from applicants. If you receive any suspicious emails, please disregard them, and report the incident to HRSC@fmi.com.
At Freeport-McMoRan, we are committed to providing an employment package that recognizes excellence, encourages safe production and a culture supported by our core values. Here, you’ll find a collaborative environment where safety is a top priority, all opinions are valued, and people are empowered to grow in their career. Apply Today!
Where You Will Work
Our global headquarters is in Phoenix, Arizona. Several hundred employees support global operations in finance, human resources, information technology, planning and more from the main office, satellite offices or online. As a Hybrid employee, you’ll engage in virtual collaboration as well as attend in-person meetings at our Collaboration Hub in Phoenix or at one of our site locations. The Collaboration Hub provides an open, flexible workspace for individuals and teams to come together for various business needs. Amenities at the Hub include a working café, phone booths and meeting rooms with technology tools for virtual and in-person collaboration. In-person attendance may vary based on the position and department requirements.
Phoenix is the capital of the Grand Canyon State and enjoys mostly bright skies throughout the year. It is the perfect place if you enjoy the outdoors, love sports, concerts and other big city amenities or technology. There are great neighborhoods around Phoenix, with easy access to a major city, nature, the arts and many more amenities.
What You Will Do
Under general supervision, you will manage commodity price risk and oversee daily Trade Desk functions, including executing authorized copper strategic price risk management programs and maintaining derivative positions. The position will not engage in speculative trading. Execute customer-directed price hedges through broker counterparts, confirm transaction details, and monitor counterparty limits to ensure compliance. Maintain accurate data entry in derivatives databases, coordinate monthly position closeouts, and partner with Compliance for trade accuracy. Prepare and distribute daily market reports, interact with Sales to achieve hedge objectives, and assemble metals price data for invoicing accuracy. Perform other duties as requested.
What You Bring To Freeport
- Bachelor’s degree and 3 years of experience in finance, accounting, commodity trading, hedging, or related fields
- High School Diploma/GED and 7 years of experience in finance, accounting, commodity trading, hedging, or related fields
- Present a positive, professional image
- Strong problem-solving, analytical, and attention-to-detail skills
- Excellent verbal and written communication abilities
- Ability to prioritize tasks and work well under pressure
- Proficiency in Microsoft Office (Word, Excel, SharePoint, Outlook) and database programs
- Self-motivated and client service oriented
- Ability to work independently with minimal supervision
- Awareness of occupational hazards and adherence to safety practices
- Position is remote but candidate must be located in the Phoenix metropolitan area with access to Corporate offices.
- Must be available to begin work by 8:00 a.m. EST to align with the opening of the Commodities Exchange (COMEX).
The estimated annual pay range for this role is currently $73,500-$101,000. This range reflects base salary only and does not include bonus payments, benefits or retirement contributions. Actual base pay is determined by experience, qualifications, skills and other job-related factors. This role is eligible for additional discretionary and incentive payment considerations based on company and individual performance. More details will be shared during the hiring process. Click here to view a sample of Total Rewards Estimate for this role.
- Affordable medical, dental and vision benefits
- Company-paid life and disability insurance
- 401(k) plan with employer contribution/match
- Paid time off, paid sick time, holiday pay, parental leave
- Tuition Assistance
- Employee Assistance Program
- Discounted insurance plans for auto, home and pet
- Internal progression opportunities
- Learn more about our competitive and comprehensive benefits package!
Freeport-McMoRan promotes a drug/alcohol-free work environment using mandatory pre-employment drug testing as allowed by applicable laws.
Equal Opportunity Employer
Please be advised Freeport-McMoRan will never request payment for job-related expenses from applicants. If you receive any suspicious emails, please disregard them, and report the incident to HRSC@fmi.com.
Salary : $73,500 - $101,000