What are the responsibilities and job description for the Junior Cotton Trader position at StoneX Group?
Overview
Connecting clients to markets – and talent to opportunity
With 4,300 employees and over 400,000 retail and institutional clients from more than 80 offices spread across five continents, we’re a Fortune-100, Nasdaq-listed provider, connecting clients to the global markets – focusing on innovation, human connection, and providing world-class products and services to all types of investors.
Whether you want to forge a career connecting our retail clients to potential trading opportunities, or ingrain yourself in the world of institutional investing, The StoneX Group is made up of four segments that offer endless potential for progression and growth.
Commercial: With boots on the ground authenticity at the heart of everything we do, our comprehensive array of commercial products and services enable you to work directly with our clients, across hedging, risk management, execution and clearing, OTC products, commodity finance and more.
Position Purpose:
The Junior Trader (Cotton) will be responsible for providing support as a first step to the trading team. In addition, you will have to learn all the aspects of cotton specifications and trading so that at a later stage you will be able to take part as a second in either buying or selling markets. This position requires patience and a strong team spirit, as well as the ability to listen and understand the different aspects of the business.
Responsibilities
Primary duties will include:
- Learning physical cotton specifications / values,
- Understanding and maintenance of accurate costings,
- Assist and learn in executing trades in strict adherence with compliance and risk management guidelines,
- Monitor market movements and analysis to identify trading opportunities,
- Support senior traders in developing and implementing trading strategies / new channels,
- Maintain accurate records of trades, both physical and derivatives,
- Collaborate with the trading team as well as back office to enhance trading practices and service to customers,
- Participate in weekly trading calls and contribute insights based on analysis,
- Negotiation and relationship with local suppliers,
- Follow up of contracted deliveries and take-up results
Qualifications
To land this role you will need:
- University degree with Economic and Trading background preferably
- Fluent English, any other languages is a plus
- Good knowledge of trading platforms, ideally Fintrade
- Excellent attention to detail
- Good customer service skills and hands-on experience with data management tools and office software programs
- Able to work and perform within a fast- growing business keeping motivation and contributing to the business expansion and success
- Travel required
Working environment:
- Hybrid
#LI-Hybrid #LI-AS1
