Scotiabank
Director, Commodities Trading
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Director, Commodities Trading
Commodity Derivatives Trader - Base & Precious Metals
Join a purpose-driven winning team, committed to results, in an inclusive and high-performing culture.
Purpose
This opportunity offers a senior role in the continued success and growth of the Commodity Derivatives team, with a focus on Base and Precious Metals in the UK.
The role entails:
- Managing the Base and Precious Metals trading book in close partnership with the wider Trading team.
- Exercising strong market judgement and disciplined risk management, combined with collaborative execution.
- Ensuring sustainable revenue delivery, development of the trading franchise, and building trusted relationships with internal and external stakeholders.
Success criteria include:
- Achieving clear and consistent goals.
- Strong, partnership-focused execution.
- Thoughtful initiatives aligned with team business strategies and objectives.
- Compliance with governing regulations, internal policies, and procedures.
This is a Material Risk Taker (MRT) position within the PRA/FCA Certification Regime. Successful candidates will undergo internal certification as performing a significant harm function.
Accountabilities
Strategic Leadership & Relationship Management
- Champion a client-focused culture, prioritising relationship-building and trust.
- Deepen engagement with the broader bank’s relationships, systems, and expertise.
- Leverage internal networks to expand a global commodities client base.
Trading & Risk Management
- Provide senior oversight of the metals trading book, managing risk with sound judgment and accountability.
- Regularly engage with clients and stakeholders to share market insights, opportunities, and execute transactions effectively.
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Client & Market Growth
- Partner with Corporate and Investment Banking Relationship Managers to:
- Expand the client base.
- Cross-sell Global Banking and Markets (GBM) and broader bank capabilities.
- Support stakeholder engagement through presentations and facilitating approval of hedging facilities.
Market & Regulatory Awareness
- Monitor industry developments, including:
- Market conditions.
- Competitor practices.
- Regulatory changes.
- Ensure the business remains responsive and aligned with evolving requirements.
Risk & Compliance
- Thoughtfully apply the bank’s risk appetite and risk culture to daily activities.
- Maintain regulatory compliance while adhering to:
- Operational Risk Management Framework.
- Regulatory Compliance Risk Management Framework.
- AML/ATF Global Handbook.
- Code of Conduct.
Operational & Cultural Contributions
- Drive efficiency and effectiveness within the respective area.
- Uphold day-to-day business controls to meet obligations related to:
- Operational risk.
- Regulatory compliance risk.
- AML/ATF risk.
- Conduct risk.
- Foster a high-performing, respectful, and inclusive team culture.
- Support the team’s vision, values, and business strategy.
Education & Experience Requirements
Qualifications & Expertise
- Undergraduate degree required, preferably in:
- Science, Technology, Engineering, or Mathematics (STEM).
- Finance, Economics, or Business.
- CFA designation or an advanced degree considered an advantage.
- Demonstrated confidence in applying expertise in a fast-paced trading environment.
- Strong product knowledge of financial markets.
- Proficiency with Bloomberg, booking systems, and trading protocols.
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Critical Attributes
- High levels of integrity and sound judgment.
- Commitment to maintaining compliance standards.
- Proven experience in trading Precious and Base Metals derivatives.
Location
- London (Greater London, England, UK)
About the Organisation
Scotiabank is a leading bank in the Americas and is guided by its purpose: "For every future, we help our customers, their families, and communities thrive."
The bank provides a broad range of products and services, including:
- Personal and commercial banking.
- Wealth management and private banking.
- Corporate and Investment Banking.
- Capital markets.
At Scotiabank:
- We value diversity of skills, experience, and perspectives.
- We foster an inclusive and accessible environment for all.
- Support is available for accommodations during the recruitment process, including:
- Alternative interview formats.
- ASL interpretation.
- Assistive technologies.
All candidates must apply directly online. Interviews will only be conducted with shortlisted applicants. Thank you for your interest in Scotiabank.
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