Job title: Junior Trader
Job type: Permanent
Emp type: Full-time
Industry: Agricultural
Expertise: Trade Floor
Salary type: Annual
Salary: negotiable
Location: Durban
Job published: 19-06-2020
Job ID: 32510
Contact name: Lucy De Freitas
Phone number: +44 121285 3888 OR +27 898 9448
Contact email: lucy@nticesearch.com

Job Description

COMMODITY TRADER

Our Client, an international import/export company is looking for an experienced Trader to join their team in KZN

You will be responsible for managing commodity risk and exposures for the trading business and ensuring co-ordinated cross commodity trading whilst maximising market opportunities.

Role Overview:

  • Provide professional advisory service function to the agricultural market in addition to risk management and maize price management for a portfolio of key agricultural customers in all areas of the business
  • Lead market analysis and discussions and ensure that both local and international market opportunities are maximised
  • Key link between the local business and the rest of the company
  • Provide input into the business plan
  • Identify trading opportunities, which incorporates supply and demand analysis, arbitration potential, spread trading and flat price trading
  • Develop professional relationships with a portfolio of agricultural customers
  • Develop and utilise internal/external networks with International Futures Exchange entities
  • Advises customers regarding the risk associated with the grain marketing strategy
  • Responsible for the implementation of the marketing strategy 
  • Presentations/seminars to customers in order to retain or gain new business
  • Ensure export and import targets are achieved annually
  • Manages sales targets and plan marketing initiatives in line with the business unit
  • Executes customer trades on behalf of customers
  • Provide analysis and advice on market expectations
  • Monitor the agricultural market in the local and international areas
  • Monitor competitor activity for the purpose of understanding the potential and risk profile of each portfolio
  • Lead analysis of both imported and local supply and demand factors
  • Actively manage the overall company risk and exposure to the local market including commodity and forex positions where applicable
  • Ensure adherence to ethical practices as well as Corporate Governance o Complies with all SOL/Corp procedures and policies

Qualifications/Experience Required

  • Undergraduate University Degree which is Business/Economics/Financial orientated
  • Thorough understanding of basic accounting practices
  • In depth knowledge and understanding of market analysis, trading concepts and futures markets 
  • Understanding of options trading, technical analysis and experience in risk management

 

Should you meet the required skills please respond to this advert