Cargill Head of Proprietary Trading, Ocean Transportation in Geneva, Switzerland
Head of Proprietary Trading, Ocean Transportation
Cargill provides food, agriculture, financial and industrial products and services to the world. Together with farmers, customers, governments and communities, we help people thrive by applying our insights and over 150 years of experience. We have 150,000 employees in 70 countries who are committed to feeding the world in a responsible way, reducing environmental impact and improving the communities where we live and work.
The successful candidate will be expected to lead and manage a Global Proprietary Trading team including:
Run a proprietary trading book trading either Wet freight derivatives or Dry Freight Derivatives
They will be free to trade all cleared derivatives in the space
They will also be responsible for managing the other trading books on the desk which will include: a cross commodity options book (freight and freight related commodities), bunkers, and whether wet or dry FFAs (depending on their own book)
The P&L target for the desk will be in the region of $20 mio per annum
They will be expected to drive the non-fundamental analysis across the books and feed this into the physical trading game plans
They will work with the trading desks to understand the physical S&Ds but will not be expected to drive their development.
The position is integral to the OT strategy and will focus on being a “Player Coach” in that the position will focus on trading and leading the team.
Trading & Risk Management
Peer group leadership (working with the other desk heads)
Product line P&L
Profit growth P&L (derivatives, options, FFA’s)
Product line trading talent – manage performance, development and successions
Taking directional positions in freight derivatives (either Wet or Dry). This will focus on both short, medium and longer term views of the market
Trading non fundamental strategies
Trading spreads (time and size)
Discussing views with physical desks
Manage within limits (stress) across the different books
Provides oversight on highest trading positions (e.g. micro-oriented, large vessels), including the short-long term trading books.
Determine best risk allocation within the desk between different books
Collaborates with BU Leader in determining appropriate risk limits and book sizes for each commodity/market.
Partners with the Trading Managers to manage and oversee the execution of the short-long term trading books.
Futures and options, hedges, basis trading, OTC swaps/derivatives
Identifies and manages the latest industry developments, including legal and regulatory changes and issues.
20% People Management
- Manage the trading and traders for the other books on the desk – including:
- Execution traders
- Agreeing trading game plans
- P&L reconciliation
- Setting KRAs
- Be the backup trader for the other trading books on the desks and on execution for the physical desks
15% Strategy Development & Compliance
Applies an expert understanding of Trading practices and procedures to oversee the execution of short-long term trading strategies and books for multiple commodities/markets/customers based on speculative and hedged positions.
Oversees, reviews and approves short-long term trading strategies across multiple BU’s and/or Platforms.
Takes the lead role in managing and coordinating the overall BU/Platform’s trading book.
Drive non fundamental analysis in the relevant markets (e.g technical, correlations, spread relationships)
Driving trading performance across the BU
Share best practices from other BU’s and externally
Develops approaches for directing and monitoring the compliance procedures ensuring the team is aware of roles and responsibilities
Directs and oversees implementation of analytics and risk management tools/teams needed to provide insight and enable trading strategies to be executed with a high degree of confidence
Oversees the ongoing relationship between trading teams and risk management and analytics teams
Minimum Required Qualifications
Degree level education
5 years trading experience in a derivative market, with a proven track record
Experience of managing their own profit targets
Strong understanding of risk
Strong communication skills
Knowledge of Dry or Wet freight markets
Previous trading experience in Dry or Wet freight
Options knowledge or experience
Cross commodity knowledge/experience
Strong mathematical background
Job Trading & Merchandising
Primary Location Switzerland-GE-Geneva
Job Type Standard
Shift Day Job
Req ID: GEN01499