Commodity options trading graduate programme trafigura

But if you are willing to put in 100 percent, we will do all we can to ensure you career is propelled at an unprecedented rate, without the need for a formal university education. With a concrete support system from a dedicated manager, recent graduates, programme leads and global heads of function, we will give you real responsibility ensuring unrivalled exposure to the global trading industry. Do you like high pressure environments? There is no shadowing or making tea. What qualities do you think makes a successful trader at Trafigura? We want to hear from you directly. Do you have a strong personality but are still able to listen to others with an ability to communicate effectively? What interests you about the commodity trading industry? Do you know what commodities trading is? Simply put, opportunities at the end of the programme are unlimited, whether that ultimately be in trading or management. Those selected will be offered the chance to start in either Houston or Singapore.

We want you to be sure you are applying for the right reasons. At Trafigura we like big personalities, people who are hungry, driven and motivated to succeed, but most of all we like people who are friendly and take care of each other and the people they work with. If you think the programme is the right opportunity for you and Trafigura the right company, congratulations! We will take a small group of Trafigura managers and traders to meet with you. Are you a fast learner? Have you read about the Trafigura graduate programme?

Do you take ownership of your own projects? USD40 million or even put in charge of financing multiple deals at one time with a combined total worth of over USD400 million. You will be supported fully throughout the programme to ensure you learn and progress as quickly as you can. Please tell us about yourself. Are you comfortable with big numbers and complex concepts? This is the final part of the selection process. Please give an example of a recent global news story that you have found particularly interesting and why? We want to know what interests you, what you are passionate about. Have you researched the industry?

Do you like solving problems? This test is not meant to catch you out. We use this to see how you are with numbers and complex concepts. Fluency in English is a requirement. What motivates you about working for a global company? Are you globally mobile, do you want to live and work in different parts of the world? Do you like looking at things on a massive scale as well as understanding the finer details?

Do you know the difference between physical and paper trading? When applying, take time to think about what you are writing, you can always come back to the application later, discuss this with friends, family, anyone who can advise you. Do you take responsibility for your own mistakes? Yes, it will be tough. From day one you will be a part of the team and expected to contribute as such. It should only take about 30 minutes and you can even take trial tests before just so you are sure of what to expect.

Do you like working in big teams? This is your opportunity to ask questions. This is your opportunity to tell us what makes you someone that will succeed at Trafigura. Go ahead and apply. The learning curve will be steep and we will expect a huge amount from you in a very short space of time. Most of all: be yourself, be honest! Trafigura has deployed the. Guru educates about commodities markets such as metals, energy and agriculture, derivatives trading, careers, and sustainability. Trafigura Deploys Allegro for Commodity Trading Risk Management Global Leader in International Trading and Logistics Has Deployed Allegro 8 to Manage its Natural Gas.

Big Commodity Traders profit Clout Trafigura, Vitol Among a Handful of Firms Shaking Up Markets. Commodity trading firms urged to use advancements in big data to profit strategic advantage. Founded in 1993, Trafigura is one of the largest physical commodities trading groups in the world. Energy Risk Europe: Commodity trading demands big data, says Trafigura CRO. Graduate Programme jobs in Tehran. Trafigura grows trading volumes amid crude oil oversupplyTrafigura is a provider of commodities trading and logistics services. Graduate Programme vacancy in Tehran, Iran with Trafigura. LONDON Commodities trading house Trafigura aims to expand its oil trading business further to rival that of top trader Vitol in the next few years and.

LNG WorldTrafigura Beheer is a Dutch multinational commodity trading company comprised of independent commodity traders specializing in the oil, minerals, and metals markets. Bas: contacts and services Gunvor, Trafigura, Mercuria. Dutch multinational commodity trading company founded in 1993. TheTrafigura Beheer BV is a Dutch multinational commodity trading company founded in 1993 trading in base metals and energy, including oil. Vitol, Trafigura and Gunvor have upped. Tatyana Shumsky and Tatyana Shumsky.

Trafigura commissioned a white paper this year on commodity trading firms and systemic risk. Trafigura sources, stores, transports and delivers a range of raw. Commodity trader Trafigura has published a whitepaper analysing the economics of commodity trading firms. Commodity Traders Boost Role As Banking. How much is a ship of size X from Saudi to Europe? WTI and Brent, and most deals have some pricing based on the benchmarks. If you are trading index contracts or FX or selling AAPL to a hedge fund, the product is standardized and the transaction happens in the comfort of the protection of US courts. The insights are definitely worhtwhile either way, i am just trying to get a handle on how much salt to take them with. BO rotational programme with a chance of getting a trading seat in a couple years.

Thanks for the contribution blender. Stay loyal to your team and your firm, and wait for the money and the location moves. He has to take decisions on what kind of freight to arrange, who should be booked to check the ship, etc. Might be useful in petrochemicals? Unlike investment banking, there are no skills that are necessarily more important than the others, there is no book you can buy to give you all the answers, there is absolutely no defined path to becoming a physical trader, and so on. Here is my deal. How does the hedging work, and why should you do it with futures rather than options? Glencore to stuff it and selling it to the Noble guy helpfully turning up to scoop up your crop. The point of the graduate programme is to teach trainees that stuff right? But think outside the box and go the extra mile at all times.

Just finished reading it, definitely a recommend if you are interested in commodities trading. Or is that just BS to get me to sign the offer. Do you think this is a prerequisite, for example when doing physical trading in industrial metals would it give some candidate an edge to be highly knowledgeable in metallurgy? Agro def is an edge in agriculturals. Out of the box thinking here is the key to serious profits. He was an flexible deal structurer who always came up with creative financing solutions and other valuable services for his suppliers.

If investment banking is on one end of the spectrum, physical trading is on the other. We get a lot more bank traders applying to trade physical than physical guys leaving to do bank trading. At least by trying you will be at an advantage over those who think oil is transported by magic instantaneously and for free between continents. Tough, life is unfair and especially in commodities. Very cool, thanks for sharing. One thing frustrating me though. This is not your corporate fin IB job to create a deck and cool looking football field.

If you want to delta hedge your calendar spread on a US corporate, there is a deep and liquid market for you to buy or sell the underlying and the relationships mostly hold in times of crisis. Apparently it does not. John has had lunch with his family in his home village several times. Got asked by my family and friends how the stock market was doing constantly. Also, no one will know or understand what you do unless they have in the industry themselves. He sucked at maths, most definitely, except for what his margin would be, but his amazing ability to BS and befriend counterparties made him a very good trader. Whatever commodities houses you get into you will have an in dept training. Again, unlike the commoditized equities, FI, FX etc. CEO of your region.

One of my favorite ags traders was good at only one thing: befriending the guy and making him believe he had a fantastic deal. They will happen in time. For metals, understanding how screwed up stuff like scales work is probably harder than being able to quote the elements in an assay. Once you know the market well enough, then people will start considering you for a trading role. If you love commodities you will ignore this and do very well in commodities, of course. Loyalty and integrity are incredibly important in physical trading. How strongly of a effect does the macro conditions have on the crude market?

If they do exist, you will spend an incredible amount of time to learn what would take a very short amount of time at a physical shop. Sure loyalty to your firm is important but even when phys guys change shops, there are dealing with the same people one way or another. Was going to have a longer reply then blender did a better job at answering. You have to have big balls to succeed. Keep in mind, however, that this makes you more valuable down the line. Regarding the lifestyle, I can only say that if you trade with Russian counterparties, and they like you, it will be FUN. All that said, how big of an opportunity is this offer? BlueGold, Pierre Andurand worked at Vitol where it is said he was paid 30m one year.

ALL his business with him. Never traded physical myself. Is the business model based on profiting numerous low risk arbs consistently, or does the most traders make big bucks by having doing a through analysis and take on big positions only couple of times a year? How Big an Opportunity? Commodities trading is a different animal to equities, FI, FX, etc. Depends on the commodity. The interviews were effing hard tho. Thanks for the comments and the time it took to write that, I appreciate it. Getting screwed: How often does this happen?

There is a freight charter course online you can take as well. In South america, asia, africa. However, there are a few things to consider. This is the second most important thing to look at after knowing what the supply is. It states trade finance. There are few trading spaces in commodities. Btw I think that being in the middle of a process is the best way to learn about it. What are the main delivery points in the US? Bear in mind the type of people are very different too.

Myanmar without thinking about it. FO BB offers in trading. You will find it VERY difficult in this field. If you screw over your counter party, they can refuse to do business with you and word will spread throughout the community. For what it is worth they match with all my impressions from interviews. But you will need a cover story for your wife. Beyond that the ones I dealt with were as indistinguishable as the bank names on my FX trading platform.

All previous knowledge you accumulated before will essentially be useful to not sound like a douch during ITW and will make your learning easier. What grade of what can go where? Did a bunch of good internship along the way in research and trading, buy and sellsides. Would you say having a solid foundation in logistics is the most vital part of physical trading? How are you expected to answer the questions you were asked if you have no working experience? Sure you can declare a mistrade but almost nobody does it ever, if somebody does a large compliance nightmare might follow and if somebody does it again people will probably stop having him as a counterparty. First, congrats on the offers!

He focused on long term and spent time developing relationships with suppliers, establish long term contracts and acquire physical assets which yielded him payoff in the long run. In my opinion, being considered for a trading role after even 3 years is very generous of some of these companies to do. If so, do they anticipate any spec changes in their streams of gasoline as a result? We aim to give our operators the personalized training and skills necessary to properly identify and mitigate risks on each shipment and to find customized solutions to the optimal benefit of both our counterparties and ourselves. Before confirming to the trader I need to perform inspection of the facility using the most competitive and reputable inspection company, confirm it with our VAT department, Insurance companies and Risk department. Furthermore, I appreciate the market perspective I am receiving. There is nothing like seeing the things we handle from remote offices, up close and happening in real time.

In the meantime I am receiving pricing orders from my customers, which I am authorizing and passing to my hedge desk. Vessel crew and captain. Request my finance department to take the metal out of financing, and give a phone call to my haulier to negotiate the freight rate. Need to phone the customers and advise the current situation. As operators are not only juggling a multitude of information feeds on a number of different shipments, they need to filter information quickly to determine what is relevant and prioritize. Today is a rare occasion where all has been loaded according to plan. Instead, I concentrate on Asia, and discuss an issue with one of our operators in Singapore. As a result, operators are exposed to many aspects of the business and communicate directly with a number of 3rd parties, supplying and receiving information. The first thing I do is send an update to my trader, deals desk, and operators in other offices on the status of each vessel.

One customer has Just In Time production method and relies heavily on our deliveries. Once the sales are done, I communicate with our clients, update them on the free windows to load and ask for barge nominations. We have the best steak in town just a few blocks from the office. We work together as a team. For example, is their refinery changing crude? Quick catch up with our Stamford Ops manager to hear about her trip to a terminal on the US West Coast where we have just started shipping.

Therefore there will be delays on the arrival times. The trader wants to bring product into 3 different storage locations, but before we can do that I have to find out from our counterparties where the product is being supplied from. Having an in house chartering department is great, and as the majority of coal cargoes are shipped via ocean going vessels we rely heavily on them for support. Check the vessel schedule for incoming shipments to the US and set up releases for that material. Our operators also interact with various internal departments such as the commercial, finance, chartering and deals desk teams. Trader asked me to find out if this can be an option. But, in operations, I can honestly say I learn something new each and every day. Meanwhile, I help to draw contracts with assistance from the Mumbai Support team.

However, that thought is short lived because it is not in my nature to back down from a challenge. Where else could I learn how product moves on vessels, pipelines, and trucks all in same morning? US overnight, but I know I have a few hours to sort through those. By far, the best attribute of the Houston Operations Team, is their willingness to train and teach individuals who want to learn. Once all agreed I send the delivery instructions and issue the invoice. We are meeting one our counterparties there to not only network, but also to get a good indication on what is developing in the market. CPs, what the key market indicators are, but also about Traf and what we can do for CPs.

As a result I need to cancel my previous invoices ex Trieste and prepare new invoices and delivery instructions and send the trucks to the customer. Each shipment is different, and therefore each situation encountered requires a unique approach. Therefore, if the Captain insists, stevedores must comply with his requirements. The delivery delay can cause a production closure and needs a quick solution. German customer has sent us a DDP delivery schedule for 1000mt of primary aluminum together with their pricing request. Receiving a phone call from the stevedore, the Captain of the vessel loading in Belgium is demanding extra and unneecessary lashing when securing the cargo. The coal operations team in Geneva meets once a week with our commercial team for an uninterrupted hour to run through our shipping schedule and alert them to any issues. This information is very important for our planning purposes and I head back to my desk to update the schedules and send out an email to the team. At Trafigura, the scope of Operations expands to executing all aspects of the trade to the best commercial advantage while ensuring full compliance with regulations and legislation.

My trader just shouted at me that he want to bring 85 trucks of butane in our storage terminal. This is an opportunity for me to use my persuading skills to minimize the cost. One to West Coast Central America, one to Argentina, another to our storage in New York Harbor, and we just fixed a vessel to to a new location. Trafigura for 4 years and experienced several different roles within the company. Ensure that all material will be delivered to our customers within the month. This is valuable information that I pass back to the trader that helps him make more informed trading decisions in the future. Customer in Austria has asked our trader to establish a consignment storage location at their premises.

The speed picks up during the Platts window, as most barges sales happen at this time of the day. It is important for them to also know when the vessel will finishing loading or discharging as this could dramatically effect pricing and supply. We are struggling to secure a workable documentary credit from a receiver, with the vessel giving eta loadport in just a couple of days we need to make sure the trader is informed so we can start pushing from a commercial perspective. All warehouses are closing at this time and I find out if appointments have been fulfilled. The captain has never loaded the ingots before on his vessel and after the conversation became more flexible working with our stevedores and gangs that are well experienced and perform this operation on a weekly basis. Confirm appointments for the next day. It scheduling day on Colonial Pipeline for 62 grade and our scheduler is on vacation so need to fill in for her. Texas origins in order to get the product into our storage so I ask a couple of my contacts if they can help me out.

Essentially, Operations is the movement of goods from point A to point B and all the corresponding logistics and invoicing relevant to the movement. Once substitution found I confirm it with my trader. Call from forwarder due to strike action that has started in Trieste port, Italy, trailers coming in to North Italy are being held at the port. You can apply for a graduate job regardless of where you went to university or what you studied. Olivia Higgins, Global Talent Acquisition Manager at Trafigura. We push you very hard and have high expectations, but the level of personal responsibility is unmatched in the sector.

Optionality is one of the key differentials between us and other programmes on the market. Higgins says graduates are rotated into different cities according to the needs of the business. PNG or the DRC. We see this flexibility as a strength. Sunday and asked to make vital decisions. If you get past these initial stages, you face two rounds of panel interviews with business leaders. Trafigura at a reasonable risk?

World events help to shape trading in physical commodities. After the rotations are over, you take up a permanent role. Global mobility starts from day one at Trafigura. We want graduates from all disciplines who are passionate about working in physical trading and developing a global career. Graduates on the global programme can work anywhere in the world and move countries as they move desks. Trafigura is also flexible when it comes to the backgrounds of the trainees it hires.

Girty, for example, has recently joined the LNG trading team in Geneva. Your next destination will be where opportunity for exposure is the greatest just before you move. When your two years of training is over, the sky is literally the limit at Trafigura. We want the best of the best. Main Traders, Oil 6 Supermajors, and the Banks. The energy markets are huge, and are relatively fragmented. Oil companies focus on crude oil and oil products. Resume and understood the Application Process, it is time to determine where to apply.

Below companies have huge trading desks. Smaller traders have also an intense presence in markets such as sugar and energy. Some might offer trading development positions to cover vacancies. Glencore went public in 2011. Once in, you will notice that you are valuable. However, also great place to start commodity trading careers. This means that traders can not difficult understand the value chain just by looking at their company operations. Energy companies focus on gas, power, and coal. Generally speaking, the big traders recruit experienced traders and industry veterans.

If you plan to apply to any of the below companies, have a look at out selection of recommended readings, in particular the books by Daniel Yergin. This group of Asian traders broke into the game in the last decades and have kept gaining market share. Your knowledge is your asset. Compared to the main traders above, the ABDC traders are more of an industrial corporation with massive trading desks. In addition the massive NOCs above, smaller players are also good starting points and have excellent trading desks. Clearly, miners are some of the largest players in commodity markets. Olam and Wilmar lean more towards the ABCD model.

Banks are clearly pulling out of commodity trading. You are investing in yourself. This post will help you. Remember, once you break in the industry, your value increases proportionally to your understanding and connections in the industry. Do you know anyone who could be interested in this post? But how is the money actually made? Mistakes are fantastically expensive and the culture is tough. You will also have to be able to prove that you have at least a basic understanding of mining and commodities to stand any chance of getting a job at Glencore. You are also trading millions of dollars of commodities every day.

In Australia the grain price will fall. You really have to pay your dues before you get the big money. Glencore owns or has access to the infrastructure required to get the commodity between the two points. Although the salary for a trader is often very high it is not typically the biggest part of their pay. Furthermore experience in trading can be gained in the big oil companies such as Exxon, Shell and BP etc or at various big mining companies which can be a route in. Small trading houses also exist which are less competitive. The most senior traders will be carrying out transactions involving billions of dollars as a matter of routine. Well, for a start, the job has extremely high stress levels. Figuring out what a trader at Glencore earns is not straightforward but if you dig deep you can put together some scraps of information and slowly build up a rough picture of the earning potential at Glencore.

Traders at Glencore use various tricks such as data analysis, futures contracts, commodities storage and forward contracts to set up such opportunities. Furthermore when the stock is going up traders are making lots of money whereas when it is going down they will be losing lots of money. It is worth noting that there is huge variability in income among Glencore traders and even between years. Large joining bonuses paid by other trading firms to poach you away from Glencore. That is the essence of trading and is, hence, what a trader does. Mining or agricultural experience is also very valuable. This is because traders typically rely on dependable anomalies in commodities markets and use the power of Glencore to make money out of them. The simple answer is that they are responsible for buying and selling.

It is also worth noting that Glencore is highly entrepreneurial so anything you can do to show experience of this will stand you in good stead. Another form of arbitrage that is a major part of Glencore is time arbitrage. What do they do exactly? Therefore if you can buy it in the low priced area and sell it in the high priced area; you will be able to make the difference less the cost of getting it there. Fundamentally you need to be able to convince the human resources people and existing traders that you are going to be an asset to the company. This is part of the reason why Glencore owns hundred of thousands of acres of land. Glencore rewards success and punishes failure.

Here are a few data points that can be assembled which point you in the direction towards the correct answer. It is also worth remembering that unless you have a lot of trading experience you will not enter Glencore as a trader. This is a situation where the price for a commodity is different in different places. As long as the trader can be sure that the cost of shipping is less than the difference in price then the trade will be profitable. It was reported that just prior to the flotation in 2011 six employees of Glencore would become billionaires. The most convincing way is to have a track record of trading profitability. Most people earn money in their job though their salary however at Glencore things are much more complicated. Furthermore, a relevant internship is absolutely essential. This is where there is a difference in price between what you can pay for a commodity now and what it can be sold for in the future.

If Glencore can make only a few dollars per tonne the trader can make millions for Glencore by moving huge volumes. One such form of arbitrage is geographical arbitrage. You are constantly being evaluated on how much money you are making. How exactly is it that Glencore traders earn so much? The secret sauce at Glencore is that the trading is surprisingly consistently profitable. It usually irrelevant whether prices go up. Becoming a Glencore trader is not not difficult. Imagine for example that crop yields are down in the United Kingdom.

UK is going to have to import more grain. Now imagine in the same year that Australia has a record year and is swimming with grain. Hence if you can get in at one of them your chances of getting in at Glencore are high. Furthermore Glencore has the capacity to store huge amounts of commodities allowing traders to hold huge amounts of commodities bought at low prices to sell on at high prices in the future. Five of the six where traders and the other was the CEO Ivan Glasenberg. They may be well paid but few are able to do what these people do. Contracts, Deals Desk and Trade Finance, ensuring that you have a comprehensive understanding of all areas of the business, opening up a future of unlimited opportunities within Trafigura. We operate responsibly, adding real value for our clients, our stakeholders and our shareholders. It may not be active. We source, store, blend and deliver essential raw materials and commodities.

The environment is highly demanding and candidates who approach the learning process with real passion and commitment will quickly see the benefits of gaining an established foundation from which to catapult their career. It has achieved substantial growth in recent years, growing revenue from USD18 billion in 2004 to USD97. As part of the 2 year program you will have the opportunity to carry out one of three 8 month rotations in a different country to that of your initial application. This job opening was posted long time back. In 2015, we traded 146. The programme will start in September 2017. Our business is advancing trade for a growing array of customers and counterparties around the world.

Please use your discretion. Nor was it removed by the recruiter. Founded in 1993, the company is owned by its founding shareholders and senior management. USA: currently 11 jobs. It changes on an annual basis. We occasionally advertise individual graduate level roles on the careers section of our website www. Mandarin, Portuguese, French or Spanish.

Applications for all of our graduate programmes need to come through our website: www. We have two main business areas that we take graduates into: oil and its derivative products; and metals and minerals. We have a 10 week summer internship which is open to penultimate year students. What can graduates do at Trafigura? We take around 30 graduates globally onto our graduate programmes each year. We hire from, and accept applications from, all over the world. In this way, candidates achieve a solid understanding of the business, and have the opportunity to develop within Trafigura, in whatever role best suits them within the company. Can graduates who want to join you apply for work overseas?

We aim to source several full time graduate hires from this internship to start the following year. How is your training programme structured? If so, what are they? Can you describe the application process for your graduate roles? The oil programme hires specifically into London, Houston and Singapore. Right now, Trafigura is one of the most interesting, driven and ambitious companies to work for. Instead, we have a two year training programme designed to give candidates as much exposure to all areas of the business as possible. We are a people based business so communication skills are hugely important. In oil and its derivative products, we look for fresh graduates or people in their final year of university.

The roles we offer provide maximum exposure, ensuring candidates are given the opportunity to learn as much as possible and develop in the most efficient way. We are global, and understand that people are interested in working in different regions. Students join in Houston, London, Lucerne, Singapore, Stamford, and Shanghai, but London and Lucerne have the biggest intakes. And where should students send their applications? From there, selected candidates are asked to complete a short, informal telephone interview before taking the industry standard psychometric tests to assess their numerical and verbal reasoning skills. From there, they have a first round interview with senior team members from across the business, followed by a final round interview with global heads and senior traders. Why should graduates want to work at Trafigura? We also occasionally hire graduates directly into specific business areas, and will sometimes take people on an ad hoc basis in our offices in Geneva and Amsterdam.

Do you have minimum academic requirements for your graduate recruits? How many interns do you hire? What percentage of entrants make it through your trainee programmes and go on to become traders? Equally, it helps to be aware of the basic principles of risk and hedging. Sell me the merits of your company! What distinguishes a Trafigura person from the average graduate? How many graduates does Trafigura hire in Europe each year? Do you offer internships?

Physical trading is complex, and very different to the regular paper trading you might find in investment banks or other financial institutions. Physical trading is very different from the normal investment banking trading process, and it helps to have an appreciation of this, and to show an interest in our markets. The metals and minerals programme hires mostly into Lucerne, Stamford and Shanghai. How long is it before graduate trainees can start trading? Last week we spoke to Greg Hertault, global head of graduate recruitment at commodities trading firm Trafigura. Within an industry that is truly global, fast paced and hugely relevant, we are a leading company that is expanding its reach on a daily basis. We start advertising our graduate opportunities in September and ask that candidates look at our site to look for individual programme deadlines. Assistant Accountant: currently 27 jobs.