- Outram Central Region (Singapore) Singapore
MITSUBISHI CORPORATION RTM INTERNATIONAL PTE. LTD. Hiring! Full Time Trader, Met Coal and Coke Trading (Proficient in Business Japanese Language) in Central Region (Singapore), Earn up to SGD 16,000 - Ricebowl
Trader, Met Coal and Coke Trading (Proficient in Business Japanese Language)
MITSUBISHI CORPORATION RTM INTERNATIONAL PTE. LTD.
Share
Save
Working Location
Job Description
Responsibilities
Scope
To ensure well-functioning Met Coal initiatives and activities on a global scale including Japan. Expand RtM’s presence and business in the industry. This position reports to the Head of Trading Met Coal and Coke.
Responsibilities
1.
Operational (50%)
Develop and execute detailed Met Coal trading strategies together with GM, Met Coal and Coke which are aligned with the Company and division’s business goals and strategies
Assist GM, Met Coal and Coke to prepare proposals for management (Coal Division management as well as the company management) approval of detailed Met Coal trading strategies
Promote, share and execute met coal trading strategy with Coal Division’s colleagues in regional offices upon management’s approval
Review and update met coal trading strategies on annual basis or according to business needs
Produce periodical report e.g. market conditions, trends and other resources which could value add to the business
Achieve targets which have been mutually agreed
Support GM, Met Coal Division and GH, Coal to manage and optimize the coal trading book for both Met Coal
Create reports for updates to the management and to the MC HQ in Japanese
Network, develop rapport and maintain positive relationship with industry peers e.g. suppliers, counterparties, traders
Attend relevant industry events, training regularly to maintain the Company’s presence in the market
Visit key stakeholders as and when necessary
2.
Internal Stakeholder Management (20%)
Maintain good communication and work closely with various stakeholders in the company e.g. Heads of corporate support teams, back and middle office functions and Legal and Compliance, such as with:
Market Risk
to ensure appropriate measurement, monitoring and reporting of Market related risks as well as an accurate Mark-to-Market (“MTM”) profit and loss from both physical and derivative transactions.
Credit risk
to ensure appropriate policies and procedures for effective management of counterparty’s performance risk stemming from OTC Swap Trades (E.g. margining procedures). Preparation of country risk control documents, resolve various country risk control issues, ensure compliance with requirement of Country Risk Control.
Legal and Compliance
to complete counterparty registration applications including Anti-Money-Laundering (AML), Know Your Customer (KYC), Security Trade Control (STC) compliance, AEO.
Finance and Accounting
to create vendor account, ensure tax compliance and resolve direct / indirect tax issues.
Actively engage and create synergy with Coal division colleagues in regional offices for support
3. Team Support (10%)
Support other team members, consult with the management of Coal Division if needed for people management
Lead other team members especially in the area of internal stakeholder management (ie, active leadership role when liaising with the shareholder, Mitsubishi Corporation)
Support the management of Coal Division to build a strong, focused global team that operates competitively, efficiently and effectively
Ensure effective communication between team members to share updates on trading activities
Contribute to a positive atmosphere of motivation and encouragement within the team
4.
Compliance (10%)
Ensure all activities comply with company guidelines, policies (both RtMI and MC Global) and adherence to related legislation such as trade, tax laws
Follow through and support the preparation of required approval/legal documents with relevant departments for the trade
Monitor and be updated about legislation related to the trade activity
4. Ad-hoc Support (10%)
If required and under instructions by the management of Coal Division, to provide support for the following tasks:
Manage global risk position including execution of trade strategies and hedging of market risk using coal index futures where appropriate
Support application process for internal risk limits (e.g. Mikoshi) and managing the division’s trading activities to ensure compliance with Company’s policies and approved limits
Monitor changes in counterparty’s risk (MTM exposures) regularly
Actively provide market insights for Coal and/or even other commodities for information sharing
REQUIRED KNOWLEDGE & EXPERIENCE
5 years of working experience in physical and/or futures commodities trading with minimum 2 years’ experience in bulk commodities trading
Possess a recognized degree in business, financial studies or other relevant specializations
Experiences in Financial or Commercial Marketing or Trading are essential
Business proficiency in both written and spoken English and Japanese. Japanese language proficiency is required because the role regularly communicates with MC Tokyo, and counterparties in Japan, and is responsible for preparing reports, presentations and business communications in Japanese.
Good grasp of accounting requirements relevant to trade transactions
Extensive experience in development and execution of business strategies
Familiar with freight and handling B/Ls, L/Cs and B/Cs, etc
Proven balanced commercial decision making skills
Proven people management skills, excellent interpersonal skills such as influencing and negotiation skills
Good knowledge of insurance, AEO, import duties, indirect tax such as VAT, GST etc and compliance
Able to work under pressure and prioritize workload
Able to work with a high degree of accuracy and attention to details
Excellent PC skills – advanced knowledge of Microsoft Office as well as trade systems, willingness to learn new systems
Excellent stress and time management skills
Strong interpersonal, communication and negotiation skills
Attention to details and strong numerical ability
Good team-player
Forward-thinking
Strong sense of integrity
Logical
Entrepreneurial
MITSUBISHI CORPORATION RTM INTERNATIONAL PTE. LTD.
The company conducts general wholesale trade, including importers and exporters, in relation to the supply of copper, iron ore and other mineral resources.
To ensure well-functioning Met Coal initiatives and activities on a global scale including Japan. Expand RtM’s presence and business in the industry. This position reports to the Head of Trading Met Coal and Coke.
Responsibilities
1.
Operational (50%)
Develop and execute detailed Met Coal trading strategies together with GM, Met Coal and Coke which are aligned with the Company and division’s business goals and strategies
Assist GM, Met Coal and Coke to prepare proposals for management (Coal Division management as well as the company management) approval of detailed Met Coal trading strategies
Promote, share and execute met coal trading strategy with Coal Division’s colleagues in regional offices upon management’s approval
Review and update met coal trading strategies on annual basis or according to business needs
Produce periodical report e.g. market conditions, trends and other resources which could value add to the business
Achieve targets which have been mutually agreed
Support GM, Met Coal Division and GH, Coal to manage and optimize the coal trading book for both Met Coal
Create reports for updates to the management and to the MC HQ in Japanese
Network, develop rapport and maintain positive relationship with industry peers e.g. suppliers, counterparties, traders
Attend relevant industry events, training regularly to maintain the Company’s presence in the market
Visit key stakeholders as and when necessary
2.
Internal Stakeholder Management (20%)
Maintain good communication and work closely with various stakeholders in the company e.g. Heads of corporate support teams, back and middle office functions and Legal and Compliance, such as with:
Market Risk
to ensure appropriate measurement, monitoring and reporting of Market related risks as well as an accurate Mark-to-Market (“MTM”) profit and loss from both physical and derivative transactions.
Credit risk
to ensure appropriate policies and procedures for effective management of counterparty’s performance risk stemming from OTC Swap Trades (E.g. margining procedures). Preparation of country risk control documents, resolve various country risk control issues, ensure compliance with requirement of Country Risk Control.
Legal and Compliance
to complete counterparty registration applications including Anti-Money-Laundering (AML), Know Your Customer (KYC), Security Trade Control (STC) compliance, AEO.
Finance and Accounting
to create vendor account, ensure tax compliance and resolve direct / indirect tax issues.
Actively engage and create synergy with Coal division colleagues in regional offices for support
3. Team Support (10%)
Support other team members, consult with the management of Coal Division if needed for people management
Lead other team members especially in the area of internal stakeholder management (ie, active leadership role when liaising with the shareholder, Mitsubishi Corporation)
Support the management of Coal Division to build a strong, focused global team that operates competitively, efficiently and effectively
Ensure effective communication between team members to share updates on trading activities
Contribute to a positive atmosphere of motivation and encouragement within the team
4.
Compliance (10%)
Ensure all activities comply with company guidelines, policies (both RtMI and MC Global) and adherence to related legislation such as trade, tax laws
Follow through and support the preparation of required approval/legal documents with relevant departments for the trade
Monitor and be updated about legislation related to the trade activity
4. Ad-hoc Support (10%)
If required and under instructions by the management of Coal Division, to provide support for the following tasks:
Manage global risk position including execution of trade strategies and hedging of market risk using coal index futures where appropriate
Support application process for internal risk limits (e.g. Mikoshi) and managing the division’s trading activities to ensure compliance with Company’s policies and approved limits
Monitor changes in counterparty’s risk (MTM exposures) regularly
Actively provide market insights for Coal and/or even other commodities for information sharing
REQUIRED KNOWLEDGE & EXPERIENCE
5 years of working experience in physical and/or futures commodities trading with minimum 2 years’ experience in bulk commodities trading
Possess a recognized degree in business, financial studies or other relevant specializations
Experiences in Financial or Commercial Marketing or Trading are essential
Business proficiency in both written and spoken English and Japanese. Japanese language proficiency is required because the role regularly communicates with MC Tokyo, and counterparties in Japan, and is responsible for preparing reports, presentations and business communications in Japanese.
Good grasp of accounting requirements relevant to trade transactions
Extensive experience in development and execution of business strategies
Familiar with freight and handling B/Ls, L/Cs and B/Cs, etc
Proven balanced commercial decision making skills
Proven people management skills, excellent interpersonal skills such as influencing and negotiation skills
Good knowledge of insurance, AEO, import duties, indirect tax such as VAT, GST etc and compliance
Able to work under pressure and prioritize workload
Able to work with a high degree of accuracy and attention to details
Excellent PC skills – advanced knowledge of Microsoft Office as well as trade systems, willingness to learn new systems
Excellent stress and time management skills
Strong interpersonal, communication and negotiation skills
Attention to details and strong numerical ability
Good team-player
Forward-thinking
Strong sense of integrity
Logical
Entrepreneurial
MITSUBISHI CORPORATION RTM INTERNATIONAL PTE. LTD.
The company conducts general wholesale trade, including importers and exporters, in relation to the supply of copper, iron ore and other mineral resources.
Important Information
Never provide your bank or credit card details when applying for jobs. Do not transfer any money or complete unrelated online surveys. If you see something suspicious, Report this Job ad.
Learn More