Trader, Met Coal and Coke Trading (Proficient in Business Japanese Language)

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

1. 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

1. 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

1. 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

1. 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