Senior Iron Ore Physical Trader

Description:

We are looking for ambitious and talented people, not just a CV that ticks all the boxes. If you find that this position resonates with you, even though you might not meet every single requirement we've listed, we still encourage you to throw your hat in the ring. We value unique individuals who feel a strong connection to the role, so please, don't hesitate to apply.

Open Mineral (OM) stands at the forefront of the digital revolution in physical commodity trading, merging advanced technology with deep market insights to drive profitable and efficient transactions in raw materials. With a focus on metals critical to the energy transition, Open Mineral has carved out a technological advantage in origination, sales, logistics, and market intelligence. The company's innovative use of data analysis, machine learning, and AI algorithms has fueled its growth and facilitated strategic global partnerships.

About the role:

Open Mineral is looking for a strong trader for the position of Senior Iron Ore Physical Trader for its office in Abu Dhabi.

Purpose:

• To support the growth of group’s iron ore business, build stronger customer base and enrich valuable market insight.
• To help the group to build an Iron Ore trading team

Key Responsibilities

• Set up Trading strategy
• Sourcing Iron Ore and Ferrous related metals in value
• Building an IO book and generating positive PnL
• Efficiently market iron ore materials
• Independently develop and maintain solid and long-term relationship with suppliers and customers
• Ensure continuous price discovery and keep a constant up to date knowledge of the market
• Work effectively with Risk department, trade finance and operations dept.

Essential Requirements

• More than 5 years’ experience in the iron ore physical market
• Existing network in the iron ore trading market, especially in sourcing non-mainstream materials
• High degree of commercial focus, strong business acumen and PnL responsibility
• Experience of developing and implementing trading strategies with responsibility of generating annual profit target
• Motivation to drive transactions from idea to closure through all approvals
• Strong problem solving and decision making abilities
• A team player and able to work with and through others
• Entrepreneurial spirit, self-disciplined, stress-resistant