Trading Assistant - Aluminum Job at Gerald Group, Stamford, CT

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  • Gerald Group
  • Stamford, CT

Job Description

Who We Are: Gerald Group is a leading private global metals trading company founded in 1962. Its business consists of the physical sale, development, trade and structured financing of commodities and commodity linked assets. Gerald is a diversified metals trader, across precious and non-precious metals and operates on a global basis and with mining and metals assets and facilities in various jurisdictions. The Group provides trading and investment solutions to both producer and consumer clients worldwide. Position Summary: The trading assistant is a member of the front office physical trading team working directly with the trader 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 respective 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 physical commodity forward purchase and sale contracts / amendments, OTC financial instruments, trade and price confirmations. Work closely with trader 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. Taking on additional duties as assigned. Requirements: Bachelor's Degree in finance, international studies, or other business / analytical field Previous 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 Ability to come in office 5 days a week Ability to travel Employee Programs & Benefits: Comprehensive medical, dental, vision, and life insurance benefits Commuter benefits Flexible Spending Accounts Health Saving Account 401(k) plan with company match Short- and long-term disability Tuition reimbursement Paid time off for vacation, personal, and sick time We are an equal-opportunity employer. Our teams consist of professionals with diverse backgrounds and skill sets, all of which contribute to the efficacy and profitability of our operations. We take pride in our contributions in aiding developing economies, reducing carbon emissions, and in building towards a more progressive and equitable future. #J-18808-Ljbffr Gerald Group

Job Tags

Contract work, Temporary work, Work at office, Worldwide, Flexible hours,

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