Archer Daniels Midland→
Senior Trader, Oils at Archer Daniels Midland in Singapore
ExperiencedOn-siteSingapore
Job Description
Your Responsibilities
Your Profile
- Execute physical trading of crude palm oil (CPO), RBD palm oil, RBD palm olein, and related products alighed to customer needs in bulk or containers.
- Execute physical trading of soft oils such as RBD Soybean Oil, Canola Oil, Sunflower Oil, Corn Oil in bulk or containers to customers at destinations.
- Establish strong relationships with customers and suppliers at the origins and destinations.
- Developing trading strategies and arbitrage opportunities to optimize profits
- Execute hedging strategies using futures, swaps etc to manage flat price and basis risk.
- Manage position limits in coordination with risk management team
- Manage counterparty credit exposure in coordination with credit and finance team
- Qualifying new suppliers in coordination with sustainbility team
Your Profile
- Minimum 5-10 years of experience trading in edible oils with proven positive P&L track record and contributions.
- Candidate must be very motivated, independent and confident to succeed in a pure trading environment with no asset/plantation backing.
- Strong network of customers in Bangladesh , Pakistan, India, Sri Lanka, Myanmar, Africa etc. Strong knowledge on daily local prices of different edible oils in the local market.
- Additional advatange if candidate is well verse in trading ex tank or domestic distribution
- Strong understanding of edible oils market including supply/demand of the origin
- Strong understanding of Biofuels, feedstocks, waste economics
- Good knowledge of the freight and logistics market
- Strong and objective team player who can work collaborate within a multi-cultural setting
- Possess a strong “owner” mindset when performing all responsibilities.