Trainee Derivatives Trader recruitment

You would primarily hold responsibility for reconciling positions and managing your own small speculative position. The role provides great potential and opportunity for organic growth with the intention of increasing your trading responsibilities and diminishing your back office duties over time.

You must be a highly organised, self-motivated person that displays great initiative and works well as part of a team; willing to undertake a variety of tasks as required.

RESPONSIBILITIES

Back-office (50%)

• Issue trade execution confirmations to clients and suppliers.

• Monitor the overall physical basis position and net market position. Establish the daily position report and distribute to traders and management.

• Reconcile all futures and options trades.

• Enter futures and options trades into the in-house system.

• Switch fixation month as per clients’ orders and issue contract amendments.

• Complete daily and monthly reporting for the department.

Trading (50%)

• Manage own profit levels whilst trading within agreed limits.

• Conduct technical and fundamental analysis of the coffee market.

• Execute futures and options for senior traders.

• Work closely with your line manager on direction and premium income trades.

• Take orders from clients and suppliers to hedge physical coffee contracts, executing these orders either via a broker or the electronic trading system.

• Advise clients regarding the switch policy.

PERSON SPECIFICATION

• 3-5 years working within a Trading or Banking environment with back office experience. Derivatives trading experience would be preferable.

• Sound knowledge of futures and options.

• Determined and resilient with a desire to make a long term contribution to the business.

• Entrepreneurial spirit; able to adjust to change quickly and be keen to take on new challenges.

• A strong interest in the agricultural commodities industry.

• Proficient IT skills are crucial, particularly Excel for sending out and collating information.

• Excellent business English is a requirement.

• Committed team player who is willing to be flexible and assist with a whole range of tasks to support your colleagues.

COMPANY BACKGROUND

Volcafe

Volcafe Ltd, based in Switzerland is one of the world's largest coffee trading houses. Under the corporate umbrella of a London based commodities firm EDF Man, it operates in over 20 countries globally, in coffee procurement, blending and export as well as importing, and supplies every major roaster with their green coffee requirements.

EDF Man

EDF Man was established in 1783. Today the company is a leading provider of commodities, logistics and risk management services. The company is employee owned with approximately 4,000 employees working in 50 countries around the world.

EDF Man is a highly entrepreneurial environment providing the opportunity to build an international career in a partnership culture.