Derivatives Trader
- Part of a central Derivatives team that manages all commodity derivatives trading for the Group including Base Metals, Ferrous and Precious Metals, Freight, Fuel as well as Carbon derivatives
- Opportunity to be an integral part of establishing the Integrated Trading footprint in Chicago and to closely partner with the North American Commercial Teams
- Permanent full-time role based in Chicago
- For Illinois-based roles the expected annual salary range is $117,400 – 172,200
About the role
Finding better ways to provide the materials the world needs.
We are looking for a Chicago-based Derivatives Trader to contribute towards expansion in our activities.
This role offers a great opportunity to engage with multiple stakeholders and participate in developing the pathway towards increased activities in the trading space for Rio Tinto Commercial
Reporting to the Senior Trader, Iron Ore, you will be responsible for the optimisation of the sales portfolio and growth in activities:
- Collaborate with the Physical teams to improve effectiveness of hedging and processes around price risk management
- Provide subject matter expertise on financial markets and price risk management to help physical, market analysis & risk teams in Chicago develop risk management approaches & generate value
- Lead or facilitate the development of associated models, tools and systems.
- In collaboration with others in Chicago and Singapore, act as RTs eyes and ears in the financial markets working closely with physical sales and integrated trading teams to identify, monitor and capture pricing dislocations between physical and financial markets e.g. Arbs, spreads, warrants.
- Contribute to and develop market view and generate value-adding insights through regular reporting.
Derivatives trading:
- The incumbent will be covering US hours for mainly base metals derivatives trading and will contribute to the sales team and derivatives team meeting their P&L targets across joint books;
- Coordinate daily with the Singapore based derivatives traders to ensure a smooth transition between time zone;
- Provide advisory to new business requests with implications for derivatives trading, including socialization and education over trade ideas.
- Lead or facilitate the setting up of new derivatives suitable for the organization
- Champion price risk management ideas, engage for trading ideas and execute effectively, generating value.
Business Growth:
- When relevant and based on bandwidth, work closely with various subject matter experts and leaders within Integrated Trading on projects related to the development of trading within Commercial.
About you
To be successfully considered for this role, you will have:
- 5-10 years of experience in Commodity Derivatives within a Physical Trading House, a Bank, Brokerage or a Corporate in the Mining, Energy or Grain sector with experience with complex instruments such as financial or physical options;
- Experience in managing derivatives books with targets and risk allocation will be a plus;
- Understanding risks associated with trading (e.g. price risk, compliance risks);
- Experience with various instruments on exchanges and over the counter globally.
- Exposure to physical commodities and physical settlement of commodity derivatives would be a plus;
- Strong EQ, influencing and interpersonal skills as well as positive attitude towards working collaboratively and solving business problems as part of a global and diverse team;
- Entrepreneurship: demonstrating curiosity and strong problem-solving abilities
- Flexibility around work schedule to work and support different time zones.
#LI-Hybrid
About Rio Tinto
Rio Tinto is a leading global mining and materials company. We operate in 35 countries where we produce iron ore, copper, aluminium, critical minerals, and other materials needed for the global energy transition and for people, communities, and nations to thrive.
We have been mining for 150 years and operate with knowledge built up across generations and continents. Our purpose is finding better ways to provide the materials the world needs – striving for innovation and continuous improvement to produce materials with low emissions and to the right environmental, social and governance standards. But we can’t do it on our own, so we’re focused on creating partnerships to solve problems, create win-win situations and meet opportunities.
Every Voice Matters
Rio Tinto is committed to equal employment opportunity. All qualified applicants will be considered without regard to race, color, sex, age, religion, national origin, disability, or any other characteristic protected by federal, state, or local law.
We are committed to an inclusive environment where people feel safe, respected and valued. We want our people to feel that all voices are heard and that a variety of perspectives are not only welcome but are essential to our success. We treat all our people fairly and with dignity.
Rio Tinto participates in E- Verify to confirm work authorization. Please visit http://www.ucis.gov/ for more information.
JOB_POSTING-3-7309
Rio Tinto is a leading global mining and materials company. We operate in 35 countries where we produce iron ore, copper, aluminum, critical minerals, and other materials needed for the global energy transition and for people, communities, and nations to thrive.
We have been mining for 150 years and operate with knowledge built up across generations and continents. Our purpose is finding better ways to provide the materials the world needs—striving for innovation and continuous improvement to produce materials with low emissions and to the right environmental, social and governance standards. But we can’t do it on our own, so we’re focused on creating partnerships to solve problems, create win-win and meet opportunities.
Rio Tinto is committed to equal employment opportunity. All qualified applicants will be considered without regard to race, color, sex, age, religion, national origin, disability, or any other characteristic protected by federal, state, or local law.
We are committed to an inclusive environment where people feel safe, respected and valued. We want our people to feel that all voices are heard and that a variety of perspectives are not only welcome but are essential to our success. We treat all our people fairly and with dignity.
Rio Tinto participates in E- Verify to confirm work authorization. Please visit http://www.ucis.gov/ for more information.
Take your leadership career to the next level.
Where can Rio Tinto take you?
You’re passionate and ambitious with tremendous career aspirations. The breadth and growth of our organisation empowers you to define your ideal career path.
Take a look at Katie’s career journey
Take a look at Shona’s career journey
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Working at Rio Tinto
Help us deliver the materials that make human progress possible.
The plane you’re flying in just landed. You fire up your phone and get your laptop out of the overhead bin. Immediately, you’re in work mode – thousands of miles from your office. Do you ever stop to think about all the materials that make life in the 21st century possible? At Rio Tinto, we discover, develop and deliver the materials that drive human progress. When you work with us, you’ll experience advantages you won’t find anywhere else.
Working in a technical role at Rio Tinto
Your advanced expertise will help drive human progress.
We’ve developed technical capabilities through nearly 150 years of discovering, planning, and operating mines in every corner of the world. We’re an open, connected international team of technical specialists using some of the most sophisticated tools and robust data on the planet. Join us and experience:
Our application process
01
Apply
The first thing you’ll need to do is apply to the role. You can do this with your LinkedIn profile or you can upload your resume. We’ll also ask you to complete a few questions before you submit your application.
02
Undergo assessments
Our assessments are designed to help us work out whether you are suitable for the role. We will let you know which ones you’ll need to complete.
03
Interview(s)
Our interviews could be in person or online. It’s a great opportunity for us to get to know you a bit better, answer any of your questions and talk about the exciting career opportunity you have applied for.
04
Offers and checks
At this stage, we will let you know if you have been successful. If you have been, we’ll need to conduct a couple of checks, such as a background or security check. You may also need to do a medical assessment depending on the role you have applied for.
05
Join the Rio Tinto team
Once the checks have been completed, we’ll be in touch to talk with you about your start date and answer any questions you may have before you start with us.