Steel & Scrap Broker

Houston, TX, United States

Houston, United States | Posted on 11/10/2023

Freight InvestorServices (FIS) is a leading global brokerage of freight andcommodities. We are the world’s largest broker on dry freightfutures, and have a strong presence across the bulk commodities,metals, and energy markets. We were the first brokerage to tradein the cleared market on iron ore and later coking coal futures,we also maintain a strong position in broking steel futures onall exchanges, as well as fuel oil, base metals, fertilisers,and tanker freight. We are proud of our innovative ethos, havingbeen first mover on a number of products, most recently on thecobalt and air freight futures markets. Not only do we provideexcellent brokerage services, but also data services via our FISLive App and API services, as well as education services to helpthose entering new markets.

Wehave expanded via our network of trading associates and branchoffices to offer coverage of derivative and physical shippingmarkets in the UK, US, Dubai, India, Singapore, and China.Through our global network, FIS offers full brokerage services,trade execution and in-depth market intelligence and data forfreight and commodities, as well as providing physical ship andcargo services. Our expertise in managing credit andcounterparty risk provides a vital competitive advantage whileenabling clients to trade with confidence.

Job Description ABOUT FIS

FreightInvestor Services (FIS) is a leading global brokerage of freight andcommodities. We are the world’s largest broker on dry freight futures, and havea strong presence across the bulk commodities, metals, and energy markets. Wewere the first brokerage to trade in the cleared market on iron ore and latercoking coal futures, we also maintain a strong position in broking steelfutures on all exchanges, as well as fuel oil, base metals, fertilisers, andtanker freight. We are proud of our innovative ethos, having been first moveron a number of products, most recently on the cobalt and air freight futuresmarkets. Not only do we provide excellent brokerage services, but also dataservices, our App FIS Live, as well as education services to help those enteringnew markets.

We haveexpanded via our network of trading associates and branch offices to offercoverage of derivative and physical shipping markets in the UK, US, Dubai,India, Singapore and China. Through our global network, FIS offers full brokerageservices, trade execution and in-depth market intelligence and data for freightand commodities, as well as providing physical ship and cargo services. Ourexpertise in managing credit and counterparty risk provides a vital competitiveadvantage while enabling clients to trade with confidence.

THE ROLE

We havean exciting opportunity for an experienced Broker to join our Houston based teamworking across the Steel and Scrap Market. Responsible for promoting FISand arranging trades on behalf of clients, you will be dynamic and personablewith a passion for the financial markets. You will be a natural networker,having a proactive approach to generating leads and securing new business. Idealcandidates will have experience in the commodities space.

Requirements Keyresponsibilities:

• Promote FIS as a company, providing market intelligence and analysisto clients

• Arrange trades via voice broking on and behalf of clients forexecution at relevant exchange;

• Create liquidity and price discovery with entities includingExchanges, SI’s, MTF’s, clearers, prime brokers and prop traders

• Maintain and create relationships with other brokers when there isno liquidity from Liquidity Providers

• Maintain and enhance existing client relationships, making regularcontact and tracking daily trading activities

• Proactively solicit feedback from industry participants via tradecalls, surveys, industry events, trade shows and conferences

• Identify and seize new business opportunities relating to trends,future markets, products and clients

• Produce a daily/weekly update of market prices, market direction forinternational desks

• On-board new clients following correct Compliance and Operations procedures

• Regularly assess client needs and financial conditions to identifyinternal cross-selling opportunities

• Perform any other reasonable duties the company may require

Riskrelated responsibilities

• Understand regulation within the evolving regulatory landscape

• Support a risk and compliance aware culture and comply with all FIScompany policies and handbooks

• Exercise judgement and act with integrity, due care, skill and diligenceand open and co-operative with the NFA, other regulators and exchanges

• Ensure full awareness of and adhere to internal policies that relateto the role or any relevant other activities

• Observe standards of market conduct / ethics and ensureunderstanding and adherence to all regulatory, exchange or clearing houserequirements applicable to role

• Possess sound knowledge of Steel & Scrap products and markets - preferred

• Strong client focus; personable and engaging building relationshipsand networks wherever possible - essential

• Degree in Economics, Geology or related degree – preferred

• Communicate effectively with clients and colleagues - essential

• Tenacious and thrives in a pressurised environment – essential

• Team orientated; works well with others and diverse groups /personalities – essential

• Excellent attention to detail; strong analytical and numeracy skills– essential

• Must be willing to take Series 3 NFA test or have Series 3 NFA credentials

Our rapidly growing business offers a dynamic environment for talented, entrepreneurial professionals to achieve results and grow their careers.

• Competitive salary and discretionary bonus

• Learning & Development / CPD opportunities

FIS is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, religion, colour, sex, national origin, disability, protected veteran status, sexual orientation or any other characteristic protected by law.

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