Trading Assistant - Tin Desk

About The Company

Gerald Group is one of the world’s oldest and largest commodity trading companies focused on the merchanting of non-ferrous, ferrous, precious metals. For over six decades, we have distinguished ourselves as leading market specialists in the merchanting of all forms of refined metals and raw materials around the world. We take pride in our well-earned reputation as a dedicated and trusted partner to top-tier miners and processors, industrial consumers, and major financial institutions. We are boldly continuing this tradition as we advance a more sustainable metals trade. Founded in the United States, our main trading office is in Stamford, Connecticut. Our world-wide operations are supported by trading hubs and offices in Geneva, Shanghai, Dubai, and other locations. In addition to our merchanting business, our mining assets include the Marampa Mines iron ore mine in Sierra Leone, and the Soremi copper and zinc mine in the Republic of Congo.

Position Summary

The Trading Assistant is a member of the front office physical trading team working directly with the trader(s) 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 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 amendments, OTC financial instruments, trade, and price confirmations
• Work closely with trader(s) 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
• Other duties as directed or assigned
  
  

Requirements

• Bachelor’s Degree in finance, international studies, or other business/analytical field required
• 2-3 years related experience in a commodity trading environment preferred
• 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
• Proficiency in Microsoft Office