Scotiabank
Director, Commodities Trading
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Senior Trader, Base & Precious Metals – UK
Requisition ID: 266137 Location: Greater London, London (UK)
About the Role
Join a purpose-driven winning team, committed to results within an inclusive and high-performing culture. This is an opportunity to play a senior role in the continued success and growth of the Commodity Derivatives team, with a special focus on Base and Precious Metals trading in the UK.
The responsible role demands excellence in market judgement, disciplined risk management, and collaborative execution. Your objective will be to:
- Deliver sustainable revenues for the business.
- Support and advance the trading franchise.
- Build strong, trusted relationships with internal and external stakeholders.
Success here will be driven by: ✔ Clearly defined goals ✔ Strong partnership and collaboration ✔ Thoughtful execution of initiatives that align with business strategies ✔ Ensuring compliance with governing regulations, internal policies, and procedures
Critical Note: This role has been identified as a Material Risk Taker (MRT) and falls under the HM Treasury PRA/FCA Certification Regime. Successful candidates must be internally certified as performing a significant harm function.
Key Accountabilities
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Client Focused Culture:
- Champion an approach that deepens client relationships, strengthens trust, and leverages the bank’s systems, expertise, and broader ecosystem.
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Trading Leadership:
- Provide senior oversight of the Base and Precious Metals trading book, exercising strong judgement and accountability to manage associated risks effectively.
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Market Engagement:
- Engage regularly with key clients and stakeholders to:
- Share market insights
- Identify new opportunities
- Execute transactions with clarity and effectiveness
- Engage regularly with key clients and stakeholders to:
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Cross-Selling & Partnerships:
- Collaborate with Corporate and Investment Banking Relationship Managers, aligning with Global Banking and Markets (GBM) to:
- Expand the client base
- Cross-sell broader Bank capabilities, including:
- Supporting approvals for hedging facilities
- Representing the Bank in stakeholder presentations
- Collaborate with Corporate and Investment Banking Relationship Managers, aligning with Global Banking and Markets (GBM) to:
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Industry & Competitive Awareness:
- Stay current with:
- Evolving market conditions
- Competitor best practices
- Regulatory changes to ensure agility and compliance
- Stay current with:
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Risk and Compliance:
- Thoughtfully apply the Bank’s risk appetite and risk culture into daily operations.
- Ensure robust adherence to:
- Operational risk management (frameworks in place)
- Regulatory compliance risk (guided by frameworks)
- AML/ATF risk (ensuring alignment with global Handbook)
- Conduct risk with strict adherence to the Code of Conduct
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Operational Excellence:
- Drive efficient and effective operations improvements for improved resilience.
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Team Culture:
- Contribute to high-performing, respectful, and inclusive teams by supporting:
- Vision, values & strategic objectives
- Cultivating an environment of psychological safety
- Facilitating collaboration
- Contribute to high-performing, respectful, and inclusive teams by supporting:
Requirements & Qualifications
Education & Professional Background
- Undergraduate degree required, preferably in STEM, Finance, Economics, or Business. A relevant Postgraduate degree or CFA designation is an asset.
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Core Expertise & Experience
- Demonstrable competence in Base and Precious Metals derivatives trading.
- Deep understanding of financial markets with the ability to apply expertise in a fast-moving, high-pressure trading environment.
- High-level knowledge of:
- Bloomberg Terminal and other trading tools
- Current trading protocols
- Booking systems
- Strong reputation for honesty, sound judgement, and deep commitment to compliance.
- In-depth knowledge of margin calls, risk requirements, and complex financial structuring.
About Scotiabank
We are a leading bank in the Americas, guided by our purpose: "For every future". Our support enables clients, their families, and communities to thrive through an extensive array of advisory, product, and service offerings, including:
- Personal and commercial banking
- Wealth management & private banking
- Corporate and investment banking
- Capital markets
Our values shape why we succeed: ✔ Inclusivity & accessibility – We value the unique skills and experiences each employee brings ✔ Dedication to equity – Committed to fostering an environment where everyone can realise their potential.
If you need accommodation, accessibility adjustments, or technology support during recruitment (including an accessible interview site, documents in an alternate format, ASL interpreting services, or assistive technology), please let our Recruitment team know.
Exclusive to direct applications: Applications must be submitted directly online. Only those short-listed for an interview will be contacted.
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