Role Responsibilities for Trade Support Manager:
- Collaborating with traders to manage exposure on dry freight chartering activities.
- Daily reporting of Profit and Loss based on changes in marks, new trades, pricing of derivatives and structural changes in existing positions.
- Present accurate and timely position/exposure reports to traders and Senior Management.
- Follow the shipping sector to understand how the different products are affected under different market scenarios.
- Execute hedging strategies for both physical and derivatives trading to reduce basis risk.
- Create and present market reports to senior management and traders to assist with decision-making.
- Produce daily forward marks for position valuations.
Individual Skills for Trade Support Manager:
- Sound understanding of the shipping sector in relation to dry bulk commodities.
- A background in shipping operations or risk management is preferred.
- Prior experience within a commodity trading house or ship owner is essential.
- Full understanding of the relevant market drivers in order to understand the dynamics of the bulk segments.
- Ability to operate autonomously without compromising quality or accuracy of reports.
- Willing to be based in Dubai.
