Trade Associate - Grain
Posted on: 8 Apr 2021
Omaha, NE
Job Description
Position Purpose:
The Trade Associate - Grain will be responsible for processing, monitoring, and reconciling futures and OTC clearing transactions.
Primary Accountabilities/Responsibilities:
Enters and retrieves orders.
Provides back up to Trading Assistants and Risk Management Consultants on phones.
Checks trades at end of day.
Processes Exchange for Physicals (EFP), Exchange of Futures for Swaps (EFS) and Exchange for Risk (EFR) requests.
Checks futures tickets daily.
Reconciles daily check out.
Monitors open orders.
Communicates corrections to appropriate personnel.
Manages futures requests to move trades and Purchase & Sales Statement trades.
Reports assignments as they occur.
Maintains prompt and regular attendance.
This list of responsibilities may not be all-inclusive and can be expanded to include other duties or responsibilities as needed.
Dependent on location may also perform some or all of the following responsibilities.
Gathers posted basis bid information for current and future delivery periods on corn and soybean markets and enters information into database/bid sheet which is distributed internally and to customers.
Reviews daily margin call sheet and communicates with those customers who are on call to request they send additional funds to cover the margin call.
Prepares and develops appropriate futures price charts from ProphetX and/or basis graphs to be distributed to customers and brokers.
Communicates requests from customers regarding cash/futures exchanges, including customer account, commodity, volume, exchange price and appropriate counter-party account information to FCStone personnel in Chicago and verifies the accuracy of the trade.
Processes orders filled overnight.
Enters data into Portfolio Manager and reconciles with the equity run.
Job Requirements:
High school graduate
1-3 years commodity experience preferred
Series 3 Commodities Brokerage License preferred, but not required
1-5 years accounting experience preferred
Prior 10-key experience
Excellent written and verbal communication skills.
Proficient knowledge of Microsoft Office including Excel
Excellent organization and multitasking skills.
Strong work ethic and emphasis on attention to details.
Must be authorized to work in the US for any employer
Physical requirements/Working conditions:
Climate controlled office environment
Minimal physical requirements other than occasional light lifting of boxed materials
Dynamic, time-sensitive, trading room environment
INTL FCStone
New York, New York
INTL FCStone Inc. operates as a financial services company worldwide. The company's Commercial Hedging segment offers risk management consulting services related to agricultural and energy commodities, and base metal products listed on the London Metals Exchange. Its Global Payments segment provides payment solutions to banks and commercial businesses; and charities and non-governmental organizations, and government organizations.
The company’s Securities segment offers value-added solutions that facilitate cross-border trading in foreign securities, including unlisted American Depositary Receipts, Global Depository Receipts, and foreign ordinary shares. It also operates as an institutional dealer in fixed income securities to serve asset managers, commercial bank trust and investment departments, broker-dealers, and insurance companies. In addition, this segment originates, structures, and places debt instruments; trades in various international debt instruments; and offers asset management services.
The company’s Physical Commodities segment provides a range of trading and hedging services comprising over-the-counter (OTC) products for various producers, consumers, and investors. It also provides financing services to commercial commodity-related companies against physical inventories.
The company’s Clearing and Execution Services segment offers prime brokerage foreign exchange services for the financial institutions and professional traders; provides a range of OTC products, such as 24-hour a day execution of spot, forwards, and options, as well as non-deliverable forwards; and operates a proprietary foreign exchange desk that arbitrages the exchange-traded foreign exchange markets with the cash markets. The company was formerly known as International Assets Holding Corporation and changed its name to INTL FCStone Inc. in March 2011. INTL FCStone Inc. was founded in 1924 and is headquartered in New York City, New York.
-
IndustryAccounting/Finance
-
No. of Employees1,851
-
Website
-
Jobs Posted167
