London, United Kingdom | Posted on 04/11/2024
Freight Investor Services (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, 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, New York, Houston, Dubai, Mumbai, Athens, Copenhagen, Geneva, 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.
Job Description
THE ROLE
FIS has an exciting opportunity for a Commodity Broker in our London office. This is an mid-level role for a dynamic individual who has 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. In addition, you will be well organised, highly analytical and thrive in a fast-moving environment with a flat management structure. You are able to work under your own initiative as well as being an excellent team player.
Key responsibilities
* Promote FIS as a company; providing market intelligence and analysis to clients
* Arrange trades via voice broking on and behalf of clients
* Ensure all trades are executed on a non-advice /execution only basis
* Reconcile and enter trades in Trade Manager and/or relevant exchange as necessary
* Maintain and enhance existing client relationships, making regular contact and tracking daily trading activities
* Proactively solicit feedback from industry participants via trade calls, surveys, industry events, trade shows and conferences
* Produce a daily/weekly update of market prices, market direction for international desks
* On-board new clients following correct Compliance and Operations procedures
* Regularly assess client needs and financial conditions to identify internal cross-selling opportunities
* Understand the desk’s business strategy; identify and seize new business opportunities relating to trends, future markets, products and clients
* Perform any other reasonable duties the company may require
Risk related responsibilities
* Understand regulation within the evolving regulatory landscape
* Support a risk and compliance aware culture and comply with FIS company policies
* Exercise judgement and act with integrity, due care, skill and diligence and open and co-operative with the FCA, other regulators and exchanges
* Ensure full awareness of and adhere to internal policies that relate to the role or any relevant other activities
* Observe standards of market conduct and ensure understanding and adherence to all regulatory, exchange or clearing house requirements applicable to role
Requirements
* Experience in any of the commodity markets in which we operate - preferred
* Sound knowledge of underlying markets and technical aspects of broking - essential
* Demonstrate experience as a broker covering commercial clients (financial markets) - essential
* Deep understanding of price risk management - essential
* Strong client focus; personable and engaging, building relationships and networks wherever possible – essential
* Communicate effectively with clients and colleagues - essential
* Tenacious and thrives in a pressurised environment – essential
* Team oriented; works well with others and diverse groups/professions – essential
* Excellent attention to detail; strong analytical and numeracy skills – essential
* Exhibit professional and ethical conduct at all times, establishing and developing all business relationships (internal and external stakeholders) based on respect, integrity & dignity
Our rapidly growing business offers a dynamic environment for talented, entrepreneurial professionals to achieve results and grow their careers.
Benefits
* Competitive salary and discretionary bonus
* Private healthcare and life assurance scheme
* Employee Assistance Programme
* Season ticket travel loan
* Cycle to work scheme
* Learning & Development / CPD opportunities
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