Main Purpose

• Proprietary trading on the SHFE and LME - from intra-day proprietary trading to medium term arbitrage trading.   
• Facilitate/execute hedging orders from internal departments
• Explore other opportunities in the domestic market (such as domestic equity, fuel oil, FX structured transactions)
• Support book heads in developing new trading strategy
• Review and advise physical traders on structured derivatives business to help them manage risks
• Manage TIC exposure to China markets, hedge quotas and position limits with Exchanges

Knowledge, Skills and Abilities

• More than 3 years experience with respect to the Derivative markets and/or related cross-commodity trading is an asset.
• A full and detailed understanding of the fundamental drivers of the China Metals markets
• Experience of developing & implementing of trading strategies and tactics with accountability for delivery against annual profit target
• 3 years (or more) LME and/or SHFE experience, as well as such in propriety trading
• Demonstrable knowledge of structuring products and derivatives for physical trading and excellent risk management skills
• Entrepreneurial spirit, self-disciplined, stress-resistant
• Negotiation skills and ease of communication are an important component to succeed in the position
• Exceptional communication and presentation skills – including the ability to convey esoteric derivative concepts to non-expert audience and to influence others
• Able to work effectively at all levels in an organization
• Strong problem solving and decision making abilities
• Must be a team player and able to work with and through others
• Mandarin speaker / English speaker

Key Responsibilities      

• Trade proprietary on the SHFE and LME and generate positive team P/L
• Develop & implement of trading strategies and tactics with accountability for delivery against annual profit target
• Watch the market and gathers market information pertinent to the physical desks; ensures prompt market information flow; discovers neglected market opportunities and translate market information into trading ideas; calculate/follow up on discovered market opportunities
• Help physical traders with external customers for the structured deals related to derivatives part
• Provide training on derivatives and structure for the physical departments particularly
• Prepare daily arbitrage calculations and other calculations for other metals traders
• Enter & Verify accuracy of some derivatives and physical trading records on the shanghai side.
• Manage the trades within the risk limits and global/TIC trading strategy; ensuring the trades remain within the agreed risks.

Key Relationships          

• China based Trafigura Traders (Physical and Derivatives)
• Colleagues in head office and offices in other countries
• Structured Derivatives desk
• External Customers