Tuesday, January 13, 2009

Commodity Sales Trader

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Description Employment Type: Regular
Full/Part Time: Full Time FLSA Status: Exempt
Division: Commercial
Location: 222 South Riverside Plaza, Chicago, IL

GENERAL FUNCTION:
A Structured Commodity Derivatives Sales Trader will be responsible for management and coordination of all sales and marketing efforts for "over the counter" (OTC) commodity derivatives transactions that hedge a corporation's underlying commodity exposure. These financial derivatives are marketed to corporations throughout Fifth Third's Affiliate and Large Corporate footprint.

DUTIES & RESPONSIBILITIES:
# Identifying accounts and their exposures to build a book of business through hedge programs that create a recurring trade and revenue stream
# Help identify and work closely with structured products traders to provide effective and suitable hedges for customer exposures
# Work with Affiliate Relationship Managers and other Capital Markets Products Groups (Foreign Exchange, Interest Rate Derivatives, and Public Finance) to identify, meet and close OTC
# commodity transactions.
The commodity OTC underlying products will include, but not be limited to:
# ENERGY - Heating Oil, Natural Gas, Crude Oil, Fuel Oil, Jet Fuel Lead, Unleaded Gasoline, Diesel
# METALS/Other Base - Zinc, Aluminum, Copper, Steel, Petrochemicals (HDPE, PVC), Tin, Nickel
# PRECIOUS/Other - Gold, Silver
# OTC contracts will include options, forwards, and commodity swaps.

SUPERVISORY RESPONSIBILITIES:
None
Requirements MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:

# Undergraduate degree in Business Administration, Mathematics, or related field is required.
# Structured derivatives sales experience.
# Complete understanding of derivatives and structured products net present values and profitability.
# Base understanding of all commodity fundamentals including correlations, hedging effectiveness and client suitability.
# Ability to use Bloomberg, Reuters, Excel, and Modeling systems to determine pricing and hedge effectiveness for all proposed OTC structured hedges.
E.O.E., M/F/D/V

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