Commodity Trader

Responsibilities:

• Analyze market trends, price movements, and supply-demand factors to identify trading opportunities.
• Execute commodity trades (buy/sell) in line with market conditions and the company's trading strategies.
• Develop and implement hedging strategies to mitigate risks.
• Conduct in-depth research on market conditions, geopolitical factors, weather patterns, and economic indicators affecting commodity prices.
• Monitor and report on price volatility, market liquidity, and future supply/demand projections.
• Monitor exposure to market risks, including price, credit, and liquidity risks.
• Use financial derivatives such as futures, options, and swaps to hedge positions.
• Manage position limits and ensure compliance with risk management policies.
• Maintain and develop relationships with key stakeholders, including suppliers, customers, brokers, and financial institutions.
• Negotiate and finalize contracts for the supply or purchase of commodities.
• Provide clients with insights on market movements and trading opportunities.
• Ensure all trades comply with relevant regulations and internal policies.
• Work closely with logistics, finance, legal, and operations teams to ensure smooth execution of trades.
• Liaise with commercial and logistics teams to monitor the physical delivery of commodities.
• Maintain accurate records of trades, positions, and relevant documentation.
• Prepare regular reports on trading performance and market outlook for management.

Requirements:

• Bachelor’s degree in finance, Economics, Business, or a related field.
• 5-8 years of experience in commodity trading, preferably in (a specific commodity, e.g., oil, metals, or agricultural products).
• Experience in trading across multiple commodities.
• Familiarity with environmental, social, and governance (ESG) considerations in commodity markets.
• Strong understanding of commodity markets, trading platforms, and hedging strategies.
• Knowledge of financial derivatives, including futures, options, and swaps.
• Proficiency in trading software, such as Bloomberg, Reuters, or similar platforms.
• Ability to analyze large amounts of data and make sound trading decisions under pressure.
• Excellent negotiation and interpersonal skills to maintain strong relationships with clients and suppliers.
• Proficiency in managing risks and applying hedging techniques.
• Meticulous in tracking trades, compliance, and documentation.
• Ability to collaborate with various internal and external teams effectively.

Location: Lagos

Work Mode: Hybrid