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Title:  Commodity Trader

Requisition ID:  88205
Location: 

Phoenix, AZ, US, 85004-2121

Category:  Sales & Marketing
Description: 

Freeport-McMoRan is a leading international mining company with headquarters in Phoenix, Arizona. We operate large, long-lived, geographically diverse assets with significant proven and probable reserves of copper, gold, and molybdenum. The company has a dynamic portfolio of operating, expansion and growth projects in the copper industry. Freeport-McMoRan is one of the world’s largest publicly traded copper producers, the world’s largest producer of molybdenum and a significant gold producer. We have a long and successful history of conducting our business in a safe, highly efficient and socially-responsible manner. We have the assets, the talent, the drive and the financial strength to provide attractive and rewarding careers of our employees. We encourage you to take the time to explore the opportunity to advance your career at Freeport-McMoRan.

We have the assets, the talent, the drive and the financial strength to provide attractive and rewarding careers of our employees. We encourage you to take the time to explore the opportunity to advance your career at Freeport-McMoRan.

Please note: This position has the possibility of working remotely within 150 miles of Phoenix, Arizona for a percentage of the scheduled work time, as determined by the supervisor. If hired, you will be required to comply with Freeport-McMoRan’s requirement of all employees who are working or attending a meeting onsite at a corporate office location, to submit proof that they are fully vaccinated against COVID-19 prior to entry, unless the company has granted them a medical or religious accommodation.

Description

Under general supervision, responsible for commodity price risk management daily trade desk functions, including trade execution of authorized Freeport-McMoRan base metals (primarily copper), precious metals and energy tactical and strategic price risk management programs. Responsible for derivative’s position maintenance and commodity price risk management administration. The position will not engage in speculative trading.

 

  • Trade order execution of customer price fixations and offsetting tactical hedge with broker counterparts; coordinate with customers and financial counterparts to structure the monthly copper hedge book; implement derivative product transactions for copper, gold, silver, diesel fuel and natural gas strategic price risk management programs for Freeport-McMoRan and subsidiary companies; confirm transaction details with customers and broker counterparts
  • Enter daily trade details and market data into derivatives position databases insuring integrity of these systems and compliance with authorization/corporate risk management policy; coordinate monthly close out of positions and settlements; interact with Compliance Department
  • Assemble and maintain metals and energy price data; prepare mark-to-market evaluations, presentations and report to management and other corporate teams/departments
  • Prepare and distribute daily market report to internal and external customers; interact with Sales department to ensure customer price fixations/hedge objectives are achieved

Qualifications

Minimum Qualifications

 

  • Bachelor's degree and three (3) years of experience in finance, accounting, sales, marketing, commodity trading, hedging, or closely related fields
  • Present a positive, professional image
  • Must be self-motivated and client service oriented
  • Must be able to prioritize tasks and work well under pressure
  • Excellent problem solving, attention to detail, and analytical skills
  • Excellent verbal and written communication skills
  • Ability to work independently with some supervision
  • Proficiency in Microsoft Office (Word, Excel, SharePoint, Outlook), database programs and the Internet
  • Ability and willingness to work early morning hours (i.e., 5:00 AM)
  • Ability to develop and maintain awareness of occupational hazards and safety precautions
  • Skill in following safety practices and recognizing hazards

 

Preferred

 

  • None

 

Criteria/Conditions

 

  • Ability to understand and apply verbal and written work and safety-related instructions and procedures given in English
  • Ability to communicate in English with respect to job assignments, job procedures, and applicable safety standards
  • Must be able to work in a potentially stressful environment
  • Must be available to work early morning hours to cover COMEX opening (5:00 AM)
  • Must be able to work effectively in an active trade desk environment
  • Position is in busy, non-smoking office located in downtown Phoenix, AZ
  • Location requires mobility in an office environment; each floor is accessible by an elevator
  • Must be able to work effectively in an active trade desk environment
  • Must be able to frequently sit, stand and walk
  • Must be able to frequently lift and carry up to ten (10) pounds
  • Personal protective equipment is required when performing work in a mine, outdoor, manufacturing or plant environment, including hard hat, hearing protection, safety glasses, safety footwear, and as needed, respirator, rubber steel-toe boots, protective clothing, gloves and any other protective equipment as required
  • Freeport-McMoRan promotes a drug/alcohol free work environment through the use of mandatory pre-employment drug testing and on-going random drug testing as per applicable State Laws

Freeport-McMoRan has reviewed the jobs at its various office and operating sites and determined that many of these jobs require employees to perform essential job functions that pose a direct threat to the safety or health of the employees performing these tasks or others.  Accordingly, the Company has designated the following positions as safety-sensitive:

  • Site-based positions, or positions which require unescorted access to site-based operational areas, which are held by employees who are required to receive MSHA, OSHA, DOT, HAZWOPER and/or Hazard Recognition Training; or
  • Positions which are held by employees who operate equipment, machinery or motor vehicles in furtherance of performing the essential functions of their job duties, including operating motor vehicles while on Company business or travel (for this purpose "motor vehicles" includes Company owned or leased motor vehicles and personal vehicles used by employees in furtherance of Company business or while on Company travel); or
  • Positions which Freeport-McMoRan has designated as safety sensitive positions in the applicable job or position description and which upon further review continue to be designated as safety-sensitive based on an individualized assessment of the actual duties performed by a specifically identified employee.

Equal Opportunity Employer/Protected Veteran/Disability


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