Commodities Trader jobs in London (Westminster)

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Funnily enough, commodity brokers deal in physical commodities. Essentially, these expert traders broker commodity contracts on behalf of companies. Typically working for investment banks, clearing houses and broking companies, they trade financial derivatives based on commodities such as oil, gas, metals and food products. On a day-to-day basis, commodity brokers are responsible for surveying international markets, conducting research and keeping up-to-date with the latest financial news.

They then get stuck into trading commodities for their clients. Commodity brokers also provide expert advice to their clients, as well as implementing hedging strategies for them. Furthermore, commodity brokers spend a large part of their time visiting suppliers, meeting with clients, and overseeing logistics arrangements for them.

Finally, they are also responsible for building relationships with potential clients and developing new business opportunities. Brokers are also usually given sizeable bonuses and commission payments based on performance. Aspiring commodity brokers should be ready for a career with lots of stress and pressure. Expect early starts and late finishes.

Different markets operate at different times, and this will therefore have an impact on your specific working hours. Investment banks, commodity broking companies junior commodity broker jobs london clearing houses only tend to recruit the very best graduates. Candidates with a degree in any subject can enter this line of work.

If you study a relevant subject, such as business studies, economics, maths, statistics, operational research or accounting, you may stand a better chance of securing an entry-level position. Completing an internship or work experience placement with an investment bank or clearing house is a great idea, and pretty much essential for entry into this competitive area of work.

Many commodity brokers start their careers as part of a graduate scheme. These training programmes tend to last around two years. If you are accepted onto a graduate scheme, the majority of your training will be done whilst on the job under the supervision of senior brokers. You will also have the opportunity to attend in-house training sessions from time to time. Commodity brokers must be registered with the Financial Services Authority before they can start trading, which means passing a number of exams.

As you gain more experience and move up junior commodity broker jobs london career ladder, you will become an junior commodity broker jobs london and then a senior associate. Some people eventually move into director-level roles. The international nature of trading means that you may also get the opportunity to work abroad at some point in your career. What about all the good times we shared?

Ok, before you go, just tell us one thing…. Cancel account I've changed my mind. Working hours Aspiring commodity brokers should be ready for a career with lots of junior commodity broker jobs london and pressure. You may also be required to travel internationally from time to time. Entry Investment banks, commodity broking junior commodity broker jobs london and clearing houses only tend to recruit the very best graduates.

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The commodities sector on eFinancialCareers offers jobs from both investment banks and commodities trading houses. The over-arching term 'commodities' comprises a wide range of different tradable products. Broadly, these include coal and freight; metals and steel; agricultural or 'soft' commodities; gas and power; renewable energy and emissions; and crude oil and petroleum products.

Commodities houses often also produce, store or distribute the products themselves, which means they also employ a whole range of people in non-financial roles. However, here we only look at the financial jobs related to their trading activities, such as commodities broker jobs.

The focus of the commodities trading houses is to deal in the raw materials. Investment banks, meanwhile, largely create and trade commodity derivative products. Derivative products, such as over-the-counter OTC derivatives or commodity futures, are an important way for farming cooperatives and other producers to protect against a poor year or negative price fluctuations and for investment banking clients to hedge against their exposures.

Commodities traders will have a particular area of expertise, usually falling into one of the product types above. Their role is to manage a trading portfolio on behalf of either their company or client, through the buying and selling of either raw commodities or commodity derivatives.

They will also perform regular market analysis and research to inform their trading decisions and be expected to take both a long-term and short-term view of the market. Traders working with the physical products also have to consider issues such as shipping, storage and stock levels as well as how pricing exposure is managed using derivative products. It's largely investment banks who recruit sales staff. A sales job in commodities is largely about developing relationships with clients. These can be commodities producers, who want to use derivative products to manage their price exposure, or simply consumers.

Commodities sales staff need good analytical skills to keep up with the latest movements in the commodities markets and their implications in order to explain the rationale for trading decisions and strategies to clients. Commodities salespeople will develop pitches, write reports and compile presentations for clients.

This role involves a high degree of statistical analysis and is a highly quantitative job. For a junior role, most banks will only recruit people with a Masters degree in a highly mathematical subject, usually physics or quantitative analytics.

As the name suggests a structuring job involves creating commodities structured products to offer clients, as well as performing statistical analysis to track their performance. Examples of these products include commodity-linked notes or baskets of commodities.

Depending on the organisation, structuring roles can also comprise creating bespoke solutions to a client's usually a corporate commodities hedging needs. Our terms and conditions have been updated; click here to read them. We use cookies to ensure we give you the best experience on our websites. If you continue, we'll assume that you are happy to receive all cookies on our websites.

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