Commodity Broker

Copenhagen, Denmark | Posted on 09/05/2024

Freight InvestorServices (FIS) is a leading global brokerage of freight and commodities. We are the world's largest broker on dry freight futures, and have a strong presence across the bulk commodities, metals, and energy markets. We were the first brokerage to trade in the cleared market on iron ore and later coking coal futures. We also maintain a strong position in broking steel futures on all exchanges, as well as fuel oil, base metals, fertilisers, and tanker freight. We are proud of our innovative ethos, having been first mover on a number of products, most recently on the cobalt and air freight futures markets. Not only do we provide excellent brokerage services, but also data services via our App, FIS Live, and other data services, as well as education to help those entering new markets.

We have expanded via our network of trading associates and branch offices to offer coverage of derivative and physical shipping markets in London, Houston, New York, Dubai, Mumbai, Athens, Copenhagen, Singapore, and Shanghai. Through our global network, FIS offers full brokerage services, trade execution, and in-depth market intelligence and data for freight and commodities, as well as providing physical ship and cargo services. Our expertise in managing credit and counterparty risk provides a vital competitive advantage while enabling clients to trade with confidence.

COMMODITY BROKER

THE ROLE

We have an exciting opportunity for a Commodity Broker to join a dynamic, entrepreneurial and fast-moving broking environment. This diverse role will sit in our newly created Copenhagen office and will suit dynamic individuals who have a passion for the financial markets. You will be personable, tenacious, and a natural networker, having a proactive approach to generating leads and securing new business.

Key responsibilities:

1. Promote FIS as a company, providing market intelligence and analysis to clients.
2. Arrange physical or financial trades via voice broking on behalf of clients for execution at the relevant exchange.
3. Create liquidity and price discovery with entities including Exchanges, SI's, MTF's, clearers, prime brokers, and prop traders.
4. Maintain and create relationships with other brokers when there is no liquidity from Liquidity Providers.
5. Maintain and enhance existing client relationships, making regular contact and tracking daily trading activities.
6. Proactively solicit feedback from industry participants via trade calls, surveys, industry events, trade shows, and conferences.
7. Identify and seize new business opportunities relating to trends, future markets, products, and clients.
8. Produce a daily/weekly report of market prices and market direction for international desks.
9. On-board new clients following correct Compliance and Operations procedures.
10. Regularly assess client needs and financial conditions to identify and pursue internal cross-selling opportunities.
11. Perform any other reasonable duties the company may require.

Training

• Seek regular feedback from Desk Head to ensure role requirements are met.
• Complete any mandatory training required by the company and required deadlines.
• Maintain own Continued Professional Development (CPD).

1. Demonstrate experience in execution brokerage covering commercial clients (financial markets or the physical markets).
2. Deep understanding of price risk management - essential.
3. Willing to travel to visit clients - essential.
4. Robust quantitative, presentation, and decision-making capabilities.
5. Possess knowledge of Commodity markets – essential.
6. Strong client focus; personable and engaging, building relationships and networks wherever possible.
7. Degree in Economics or related degree – essential.
8. Communicate effectively with clients and colleagues - essential.
9. Tenacious and thrives in a pressurised environment – essential.
10. Team orientated; works well with others and diverse groups / personalities – essential.
11. Excellent attention to detail; strong analytical and numeracy skills – essential.

Our rapidly growing business offers a dynamic environment for talented, entrepreneurial professionals to achieve results and grow their careers.

• Competitive salary and discretionary bonus.
• Learning & Development / CPD opportunities.
• Private healthcare and life assurance scheme.
• Season ticket travel loan.
• Cycle to work scheme.

Freight Investor Services is an equal opportunities employer and we welcome applications regardless of personal characteristics such as age, race, disability, gender, sexual orientation, socio-economic background, ethnicity, nationality, and religious beliefs.

We are committed to treating all of our candidates fairly and would like you to have every opportunity to excel in our application and interview selection process. If you need any adjustments to be made as part of the process (such as for a neurodiverse condition, a disability, a medical condition, or other individual need) please let us know in good time, so that we can support you.