Markets provides solutions to clients with the means to manage their exposure through various derivatives, lending and cash products across Structured Products Group, Macro, Equities, Municipal Products Group, Credit Sales & Trading.
About This role:
Seeking an Associate - Physical Dairy Trading - Commodities. Looking for a candidate who can help build and expand physical dairy trading capabilities by onboarding warehouses, cultivating counterparty relationships, and executing transactions across milk, cream, butter/AMF, cheese, and powders.
In this role, you will:
- Develop Physical Trading Capabilities: Lead efforts to onboard warehouses, establish counterparty relationships, and manage contracting, logistics, and delivery processes.
- Source and Execute Transactions: Handle physical dairy transactions (milk, cream, butter/AMF, cheese, powders) and negotiate long-term supply/off-take agreements. Build and deepen relationships with producers, processors, and distributors.
- Risk Management: Oversee the physical dairy trading book, manage risk using exchange and OTC instruments, and maintain disciplined risk/limits adherence.
- Logistics Coordination: Work with internal operations and scheduling teams to ensure smooth execution of deliveries, warrants/storage, and documentation.
- Market Monitoring & Strategy: Track supply-demand fundamentals, storage and production reports, and trade auctions to inform pricing and competitiveness. Contribute to trade ideas and commercial strategy.
- Cross-Functional Collaboration: Work with structuring, legal, risk, and back-office teams to support transactions from origination through execution and lifecycle management.
Required Qualifications:
- 2+ years of Securities Trading experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Desired Qualifications:
- 2+ years of industry experience in the relevant sector
- Experience in physical dairy trading, origination, or marketing.
- In-depth knowledge of dairy products (milk, cheese, butter, powders, whey) and their market dynamics, including quality specifications and logistics.
- Strong grasp of market fundamentals, basis and spreads, and physical execution (contracting, logistics, delivery, settlement).
- Experience in working‑capital solutions tied to physical inventory.
- Established relationships across producers, consumers, merchants, and warehouses in the U.S.
- Excellent analytical, communication, and decision‑making skills in a fast‑paced environment.
Job Expectations & Compensation:
- Travel up to 30%
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