What are the responsibilities and job description for the Trader Assistant position at Glencore?
JOB TITLE: Trader Assistant
LOCATION: Cleveland or Pittsburgh, USA _________________________________________________________
Reporting to the Custom Feed Manager in Pittsburgh, this position is primarily responsible for supporting the identification, acquisition, and coordination of custom feeds raw materials for the Falconbridge smelter, Kristiansand refinery, & Agmet LLC. It will also handle the movement and traffic of these materials. The position requires a specialist with sound interpersonal skills, preferably with a technical and specialized logistics background, but certainly with a commercial aptitude. Is quick thinking, alert, and able to interact with and handle a large number of designated raw materials accounts, including designated traders, with whom they deal. It’s overall objective is to support the Pittsburgh and Agmet team in achieving profitable custom feeds material acquisition under safe logistical conditions and risk reduced execution.
NATURE AND SCOPE OF POSITION
The challenge of this position is to meet the objectives designated with respect to margins, volumes and contract execution activities. This requires constant communication with the relevant stakeholders and an awareness of the continually changing raw materials markets and associated risks. They monitor developments, seek and develop new sources of profitable Custom Materials and accounts, and negotiate contracts to maximize risk adjusted profits. While maintaining high ethical standards, must be conversant with the operations of the smelter and of the refinery (and Agmet), of cost, and of environmental regulations affecting the business.
POSITION RESPONSIBILITIES & REQUIREMENTS
1. Maintain contract execution relationships for key supplier accounts to ensure appointments and payment execution performed to contract specifications.
2. Support the management of risk within the material acquisition process, including with respect to customers profile (KYC), effective contract drafting, price risk, logistics optimization, credit risk, other execution risks, inventories and material safety.
3. Market Research: Seek out and identify potential feed sources by being constantly in touch with the designated accounts and relevant feed markets
4. Support the Custom Feed Material Manager’s negotiations for the acquisition of suitable raw materials at maximum profits with minimum risks for allocated capacities in constant and close teamwork with the other members of the acquisition team.
5. Issue Indication of Terms (IOT) to potential shippers, and additionally provide profit estimates for Glencore, the shipper`s estimated return, and other confidential data to the Vice President and Vice President’s acquisition team.
6. Maintain and develop excellent relationships and good will with all stakeholders, internal and external. Set high ethical standards.
7. Build and maintain excellent working relationships with production personnel including efficient travel arrangements for their pre-treatment inspections and field sampling as required.
8. Develop as part of a team, business in new industry sectors and geographical areas through sound contacts and professional relationships.
9. Be aware of all cost bases and parameters used in the CTTS. Independently, be current with non-fixed parameters affecting profitability, such as pretreatment, constraints to smelting and refining, penalty elements, special charges, price participation and price cap thresholds, minimum deduction guidelines, shipping costs, insurance and duties. Where appropriate, profitability models will include an addition showing the competition`s estimated net back.
10. Monitor markets, available capacities, inventories and treatment rates, and be alert to any relevant trading type opportunities that may arise such as diversions, swaps, price fixings, options, etc. Constantly provide adequate, accurate input to the Custom Feed Material Manager with regard to budget updates and Glencore`s required feed treatment priorities.
11. Encourage and actively contribute in meetings to help shape and form company acquisition strategy.
12. The job involves a flexible working schedule as needed, including considerable travel.
