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.

Description

Position Purpose

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.

Principal Accountabilities

65%

Trading & Risk Management

  • Peer group leadership (working with the other desk heads)

  • Product line P&L

  • Profit growth P&L (derivatives, options, FFA’s)

  • Trading Analytics

  • 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

Risk Tolerance

  • 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

Qualifications

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

Preferred Qualifications

  • 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

Schedule Full-time

Job Type Standard

Shift Day Job

Req ID: GEN01499