Commodities Job Description

Commodities Job Description

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Commodities provides real time advisory and compliance support to commodities sales and trading division and business lines trading in futures.

Commodities Duties & Responsibilities

To write an effective commodities job description, begin by listing detailed duties, responsibilities and expectations. We have included commodities job description templates that you can modify and use.

Sample responsibilities for this position include:

Provide support to the Commodities Front Office team as required
Performing an independent interdivisional reconciliation which includes working with FX, Interest Rates and Equity teams
Reconciling pre-settlement and post-settlement internal trades across all desks in Commodities BU such as electricity, oil, natural gas, metals
Develop pricing and risk systems used by the commodities desk globally
Assist in coordinating marketing efforts targeting existing clients with new products
Provide support to account managers with respect to team’s specific products
Assist with updating marketing presentations
Frequent prospecting calls to existing accounts
Prospecting and generating new sales leads and growth through referrals, cold-calling and market research within your given client base
Processing the settlements of OTC financial products, physical metals and physical oil trades through the IDEFT settlement system and payment through Safecash

Commodities Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Commodities

List any licenses or certifications required by the position: APICS, CFA, CPA, ISM, PMP, ERP, MBA, CPIM, CIA, CPM

Education for Commodities

Typically a job would require a certain level of education.

Employers hiring for the commodities job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Business, Engineering, Finance, Economics, Education, Science, Accounting, Computers, Supply Chain Management, Mathematics

Skills for Commodities

Desired skills for commodities include:

Excel
Digital and platform development within the Automotive Industry
Python
FX
SQL
Commodities
Futures
Object modeling and design patterns
Cost structures
Options

Desired experience for commodities includes:

Academic background in a technical field – Computer Science, Physics or natural sciences, Pure or Applied Mathematics, or Statistics
Mathematical knowledge – calculus, probability, statistics
Experience working on a trading desk or similar fast-paced, open environment
Problem-solving and communication skills, ability to convey technical topics to a diverse audience
Initiative and ownership, track record in developing business agendas
Market Risk Toronto is to provide independent and effective on-site monitoring, controlling and communicating on the nature and extent of all material market risk positions and to ensure the implementation of and compliance with risk management policies

Commodities Examples

1

Commodities Job Description

Job Description Example
Our growing company is looking for a commodities. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for commodities
  • Perform additional duties as assigned as related to commodities
  • Ensure all internal and external queries are responded to daily, liaising with clients, traders, controllers, credit, documentation, legal & compliance, and IT
  • Coordinating responses to certain audit requests
  • Identify and implement continuous improvement in systems and processes to improve efficiency and controls
  • Monthly reconciliation of Risk/Trading system profit and loss to general ledger
  • Performing analysis to ensure accuracy of gross margin
  • Preparing and booking journal entries impacting the gross margin
  • Identifying and reconciling discrepancies that impact the gross margin
  • Preparing and allocating cost of cash usage by dept/portfolio
  • Analyzing, ensuring accuracy, and preparing reconciliation of trade accruals, inventory and other accounts
Qualifications for commodities
  • Act as the conscience of trading management by provide trading businesses with timely and relevant independent risk analysis
  • Exceptional quantitative abilities and attention to detail, written/verbal communication skills
  • Student pursuing an undergraduate degree with a focus in Sales/ Marketing
  • Experience in or selling to the financial markets is required
  • Extensive fundamental knowledge and experience of European Power and Gas from a trading/strategist/structuring/analyst perspective, ideally gained while working at a utility, commodity trading house or bank
  • Has built credible contacts in the market and has a strong understanding of the companies participating in these market
2

Commodities Job Description

Job Description Example
Our innovative and growing company is looking to fill the role of commodities. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for commodities
  • Assisting in the monthly preparation of ASC 815/820 schedules
  • Understanding and reporting profit and loss and mark to market attributes and movements
  • Validating market valuation
  • Monitoring and ensuring compliance of control policies and procedures
  • Assisting in the annual external audit
  • Fielding and responding to inquiries from management, traders, and external auditors
  • Complete monthly Net Revenue, Balance Sheet and Expense reconciliations identifying the differences between our General Ledger and the P&L reporting systems
  • Support Traders in day to day tasks such as trade pricing, risk management, trade booking, P & L decomposition and reconciliation
  • Develop trading infrastructure alongside the Quantitative Analysts
  • Liaising on a daily basis with clients, sales people and traders on issues such as scenarios, trade ideas
Qualifications for commodities
  • Experience in a commodity trading house, utility or bank
  • Extensive knowledge European power and gas markets from a trading/sales/structuring perspective
  • Strong understanding of what our clients need in their daily workflow
  • Ability to travel throughout Europe
  • Ability to proactively contact clients and manage projects
  • Languages such as Spanish or Italian would be an advantage
3

Commodities Job Description

Job Description Example
Our growing company is looking to fill the role of commodities. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for commodities
  • Detailed portfolio and position analysis for clients and potential clients
  • Providing indicative pricing to clients
  • Settle accounts from front and mid-office derivative trades, transactions, hedges, and swaps
  • Account for Renewable Energy Credits (RECs) and Renewable Identification Numbers (RINS)
  • Review mid-office trade capture for completeness and accuracy
  • Assist mid-office in back testing hedge program results for achieving objectives
  • Assist in determining the appropriate accounting treatment for future potential derivative contracts
  • Assist in creating and editing risk management reports and accounting reports for management
  • Calculate settlements and reconcile mid-office statements including line items and the number of trades
  • Perform monthly accounting close for derivatives
Qualifications for commodities
  • Drafting of physical oil trade confirmations
  • Verbal affirmation and Broker affirmation of trade details for physical oil and freight transactions
  • Ensuring all internal and external queries are responded to daily, involves liaising with clients, traders, controllers, credit, documentation, legal & compliance, and IT
  • Assist in meeting the Firm's obligations with regard to Regulations, including Anti-Boycott reporting
  • Escalate breaks and mis-bookings to the desk within set time frames and ensure follow up until issue resolved
  • Risk mitigation via 3rd party (Broker) checks versus risk system checks (T+1 timeframe)
4

Commodities Job Description

Job Description Example
Our innovative and growing company is hiring for a commodities. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for commodities
  • Conduct the transactions including structuring the financing solutions, conducting due diligence and risk analysis etc
  • Works closely with the credit risk team to manage the credit process
  • Responsible for generation, distribution and analysis of weekly, monthly and annual revenue reports for Securities division (with respect to business units, sales locations, client industry and trade type) based on which management strategy is framed and executed
  • Identify possible cross selling opportunities and improve existing client coverage models
  • Work closely with sales/ trading/ finance leadership during Securities division town halls – assist with presentations /performance analysis / future strategy
  • Assist businesses in Opportunity Analysis (potential clients) by providing Industry Analysis/ Market penetration / Coverage reports
  • Manage large and complex data projects related to specific commodity market datasets
  • At least business fluency in Italian and/or French
  • Experience in sales where you have met or exceeded demanding targets
  • A good understanding of the gas & power and/or oil sectors
Qualifications for commodities
  • Control checks on trader activities + enact escalation process for trader activities
  • Managing the identification and implementation of continuous improvement in systems and processes to improve controls and gain efficiencies
  • System enhancement projects and testing for turnover
  • Support for evolving business and product initiatives
  • Design of system to allow new trading activity and product types, regulatory requirements
  • Coordinate and process novations
5

Commodities Job Description

Job Description Example
Our company is looking for a commodities. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for commodities
  • Ensure efficient governance & communication frameworks are in place to steer the FXLM & Commodities initiatives, and act as secretary to them, ensuring proper tracking of decisions and follow-up of actions
  • Able to represent, when relevant, FXLM & Commodities Management in internal forums with regional heads of other GBLs and/or regional heads of desks (trading and sales), in external forums/bodies
  • Leveraging on the Strategy & Client Development teams notably, ensure regular benchmark with competition to feed the development or adjustment of the FXLM & Commodities strategy and roadmap
  • Consultative and solutions sales skills
  • A strong interest in financial markets and technology
  • A track record of building and maintaining solid client relationships
  • Well versed and confident in presentations, training and written communications
  • Daily interaction with Traders, Sales, Technology, Legal, Strategists and other Operational departments
  • Preparation and review of escalation and control reports
  • Coordinate the posting of inventory within Hershey SAP including shipping and receiving process
Qualifications for commodities
  • A proven track record of Physical oils drafting experience
  • A solid understanding of the physical oil and freight markets
  • Communication and risk awareness - ability to understand financial concepts, and communicate end to end lifecycle of a trade, risks and controls clearly and concisely at all levels
  • Numeracy and attention to detail- able to learn concepts quickly and maintain a strong focus on control and accuracy
  • Initiative - high level of self-motivation, ability to take responsibility for tasks and managing team workload, proactive attitude to learning and sharing the team's workload
  • Team leadershipexperience (such as assigning tasks, writing evaluations, setting goals and providing feedback- both verbal and written)

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