Commodity Trader : Phoenix, AZ, US, 85004-2121

Description

Under general supervision, responsible for commodity price risk management daily trade desk functions, including trade execution of authorized Freeport-McMoRan base metals (primarily copper), precious metals and energy tactical and strategic price risk management programs. Responsible for derivative’s position maintenance and commodity price risk management administration. The position will not engage in speculative trading.

• Trade order execution of customer price fixations and offsetting tactical hedge with broker counterparts; coordinate with customers and financial counterparts to structure the monthly copper hedge book; implement derivative product transactions for copper, gold, silver, diesel fuel and natural gas strategic price risk management programs for Freeport-McMoRan and subsidiary companies; confirm transaction details with customers and broker counterparts
• Enter daily trade details and market data into derivatives position databases insuring integrity of these systems and compliance with authorization/corporate risk management policy; coordinate monthly close out of positions and settlements; interact with Compliance Department
• Assemble and maintain metals and energy price data; prepare mark-to-market evaluations, presentations and report to management and other corporate teams/departments
• Prepare and distribute daily market report to internal and external customers; interact with Sales department to ensure customer price fixations/hedge objectives are achieved

Qualifications

Minimum Qualifications

• Bachelor's degree and three (3) years of experience in finance, accounting, sales, marketing, commodity trading, hedging, or closely related fields
• Present a positive, professional image
• Must be self-motivated and client service oriented
• Must be able to prioritize tasks and work well under pressure
• Excellent problem solving, attention to detail, and analytical skills
• Excellent verbal and written communication skills
• Ability to work independently with some supervision
• Proficiency in Microsoft Office (Word, Excel, SharePoint, Outlook), database programs and the Internet
• Ability and willingness to work early morning hours (i.e., 5:00 AM)
• Ability to develop and maintain awareness of occupational hazards and safety precautions
• Skill in following safety practices and recognizing hazards

Preferred

• None

Criteria/Conditions

• Ability to understand and apply verbal and written work and safety-related instructions and procedures given in English
• Ability to communicate in English with respect to job assignments, job procedures, and applicable safety standards
• Must be able to work in a potentially stressful environment
• Must be available to work early morning hours to cover COMEX opening (5:00 AM)
• Must be able to work effectively in an active trade desk environment
• Position is in busy, non-smoking office located in downtown Phoenix, AZ
• Location requires mobility in an office environment; each floor is accessible by an elevator
• Must be able to work effectively in an active trade desk environment
• Must be able to frequently sit, stand and walk
• Must be able to frequently lift and carry up to ten (10) pounds
• Personal protective equipment is required when performing work in a mine, outdoor, manufacturing or plant environment, including hard hat, hearing protection, safety glasses, safety footwear, and as needed, respirator, rubber steel-toe boots, protective clothing, gloves and any other protective equipment as required
• Freeport-McMoRan promotes a drug/alcohol free work environment through the use of mandatory pre-employment drug testing and on-going random drug testing as per applicable State Laws