Commodity Broker

Company: Freight Investor Services Ltd.
Location: Houston
Posted on: September 17, 2023

Job Description:

Houston, United States - Posted on 19/10/2022 Freight InvestorServices (FIS) is a leading global brokerage of freight andcommodities. We are the world's largest broker on dry freightfutures, and have a strong presence across the bulk commodities,metals, and energy markets. We were the first brokerage to tradein the cleared market on iron ore and later coking coal futures,we also maintain a strong position in broking steel futures onall exchanges, as well as fuel oil, base metals, fertilisers,and tanker freight. We are proud of our innovative ethos, havingbeen first mover on a number of products, most recently on thecobalt and air freight futures markets. Not only do we provideexcellent brokerage services, but also data services via our FISLive App and API services, as well as education services to helpthose entering new markets.
Wehave expanded via our network of trading associates and branchoffices to offer coverage of derivative and physical shippingmarkets in the UK, US, Dubai, India, Singapore, and China.Through our global network, FIS offers full brokerage services,trade execution and in-depth market intelligence and data forfreight and commodities, as well as providing physical ship andcargo services. Our expertise in managing credit andcounterparty risk provides a vital competitive advantage whileenabling clients to trade with confidence.
Job Description ABOUT FIS -
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, our App FIS Live, as well as education services 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 the UK, US, Dubai, India, Singapore and China. 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.
THE ROLE -
We are expanding our OTC & Listed Derivatives team in Houston and have an exciting opportunity for a Commodit y Broker. This is amid-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. -
Requirements Key responsibilities:
Promote FIS as a company, providing market intelligence and analysis to clients -
Arrange physical or financial trades via voice broking on and behalf of clients for execution at relevant exchange;
Create liquidity and price discovery with entities including Exchanges, SI's, MTF's, clearers, prime brokers and prop traders ;
Maintain and create relationships with other brokers when there is no liquidity from Liquidity Providers ;
Maintain and enhance existing client relationships , making regular contact and tracking daily trading activities ;
Proa ctively solicit feedback from industry participants via trade calls, surveys, industry events, trade shows and conferences ;
I dentify and seize new business opportunities relating to trends, future markets, products and clients ;
Produce a daily/weekly report of market prices, market direction for international desks ;
On-board new clients following correct Compliance and Operations proc edures ;
Regularly a ssess client needs and financial conditions to identify and pursue internal cross - selling opportunities ;
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)
Demonstrate experience in execution brokerage covering commercial clients (financial markets or the physical markets)
Deep understanding of price risk management - essential
Series 3 license may be required (must obtain within first 6 months of employment; company will cover cost)
Willing to travel to visit clients - essential
Robust quantitative, presentation, and decision-making capabilities -
Entrepreneurial mindset / self-motivated
Possess knowledge of Commodity markets - essential -
Strong client focus; personable and engaging building relationships and networks wherever possible
Degree in Agriculture , Economics, Chemical Engineering or related degree - essential -
Communicate effectively with clients and colleagues - essential
Tenacious and thrives in a pressurised environment - essential
Team orien ta ted; works well with others and diverse groups / personalities - essential
Excellent attention to detail; strong analytical and numeracy skills - essential

Keywords: Freight Investor Services Ltd., Houston , Commodity Broker, Accounting, Auditing , Houston, Texas