The incumbent will be responsible for efficiently utilizing Global Mitsubishi Corporation (“MC”) resources and execute trading activities to enhance the Division’s trading portfolio, while managing these activities within agreed budgets and in accordance with the Company’s policies.
In addition to above trading activities, contributes to coordination of internal activities such as budget preparation, weekly and monthly updates on progress of budget and trade positions, KPI setting and understanding the progress and coordination of internal application for necessary credit lines, trading limits and system development.
This position will report to the DGM/GM of Aluminium Division, as a trader for the company’s Aluminium physical trades in including but not limited to Asian regions.
For coordination of internal activities, the Senior Trader reports to the Global Head of Aluminium Division.
Responsibilities
1. Trading (70%)
- Manages customer hedging and LME derivatives operations when required.
- Initiates the execution of physical Aluminium trades, including Primary and Value-added Products across Asian markets. Manages the entire trade lifecycle, from negotiation to settlement, ensuring optimal pricing and effective risk management.
- Negotiates contracts with customers and suppliers, ensuring favorable terms covering pricing, volume, quality, and delivery.
- Builds and maintains strong relationships with customers and suppliers. Understands their needs, provide exceptional service, and identify new business opportunities.
- Manages and optimizes Aluminium inventory levels to minimize carrying costs and maximize profitability. Supports Trade Operations Department accordingly when needed in terms of logistics, shipping, warehousing, as well as financing to ensure efficient and smooth handling of physical inventories.
- Implements and monitors risk management procedures to mitigate market, credit, and operational risks. Manages credit lines for existing customers, in alignment with Middle Office and Market Risk policies and procedures.
- Prepares regular reports on trading activities and market trends.
- Supports the trading desk with other daily operations, including supporting trade system development to ensure smooth trading processes.
- Liaises with Legal and Compliance department to complete counterparty registration applications including Anti-Money-Laundering (AML), Know Your Customer (KYC) and SAP company registrations where applicable.
- Liaise with Legal and Compliance department to prepare Security Trade Control (STC) documents and ensure STC compliance.
- Processes credit applications (including review on customer’s creditability) by liaising with Credit Risk Dept.
2. Internal Coordination (30%)
- Communicates with all relevant entities of Aluminum global teams and corporate depts, for the required internal activities, including but not limited, annual and long-term budget (including weekly and monthly monitoring on progress and positions), KPI and qualitative action plans (including periodical follow up on progress), internal applications for necessary credit line, trading limit and system development.
- In addition, prepare the supplemental documents and dates for internal explanations.
- According to directions given by Global Head and in alignment with the Company’s strategy, support Global Head to create and update commodity’s strategy.
- Communicate with Mitsubishi Corporation’s Investment Department ( based in Tokyo ) to align the strategy overarching trading and investment, including but not limited, preparation for internal strategy meeting.
Ad-hoc duties whenever required.
Required Knowledge and Experience
- At least 7-10 years of relevant experience in Metals trading.
- Experience in middle office scope will be advantageous.
- Strategic and tactical in stakeholder engagements (supported by success/failure experiences).
- Business Operations (such as flow of international trading, L/C, Security Trade Control, Internal Control).
- STC (Export Control) and Compliance.
- Trade related knowledge of SAP Software.
- An understanding of the economic, cultural and political environments that the company may face in the respective regions assigned.
- Ability to communicate in both written and verbal English and Japanese at business proficiency (Japanese language is required due to coordination with teams in Japan for information consolidation and internal processes.)
- Experiences and understanding of Freight and knowledge of handling B/Ls, L/Cs and B/Cs
- Excellent PC skills – advanced knowledge of Microsoft Office as well as trading systems, and willingness to learn new systems.
