Saturday, November 20, 2010

Commodity Deivatives Sales Trader

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Employment Type: Regular
Full/Part Time: Full-time
Division: Division Commercial

Job Description: 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.

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