Trade Execution Associate at StoneX Group Inc. (Des Moines, IA)

| Des Moines, IA
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Job Description

Position Purpose and Impact: The Trade Execution Associate will coordinate the physical movement of commodities purchased and sold by the organization. This role will require someone who is detail oriented and able to work in a fast pace environment. You will work closely with management, commercial, settlement, and cash management teams to ensure all aspects of the physical commodity trade are completed and comply with internal policies and procedures.

Primary Accountabilities/Responsibilities:
  • Book physical trades directly with producers and end users of commodities under trade finance or pricing programs.
  • Prepare documentation for transactions such as purchase and sale agreements and ensure terms of contracts are acceptable under guidelines established by the organization.
  • Gather documentation related to the collateral such as warehouse receipts and storage documents.
  • Interact with counterparties to coordinate positions on hedges of physical commodities and make sure those hedges comply with internal policies and exchange rules.
  • Confirm contract, accounts receivable and mark to market reporting being used by commercial, risk, accounting and management departments are accurate for successful monitoring and portfolio management.
  • Monitor trade limits and receivable limits and communicate with commercial, risk and management departments daily to ensure trades remain within established credit thresholds.
  • Reconcile daily and monthly Profit and Loss (through mark to market accounting) associated with physical commodity trades and ensures economics are accounted for appropriately.
  • Build and maintain a close relationship with our partners (suppliers, customers, brokers, and service providers).
  • Ensure inventory, shipment and payment information gets entered into our system of record accurately and efficiently by working with the settlements and cash management teams.
  • Assemble required documentation like financials, tax forms, trade authorities, formation documents or parent guarantees for client onboarding and credit underwriting.
  • Monitor accounts receivable, payment of accounts payable and positions with accounting and risk departments.
  • Evaluate and identify current or potential risks to the portfolio and help implement policies and procedures to mitigate those risks.
  • Help develop technology and test beta versions to improve processes and efficiency for the physical commodity trade flow.
  • This list of responsibilities may not be all-inclusive and can be expanded to include other duties or responsibilities as needed

Minimum Qualifications:
  • Bachelor's degree or equivalent work experience
  • Experience in commodity markets, logistics and operations
  • Excellent customer service skills
  • Detail oriented, organized, and excellent communication and documentation skills

Preferred Qualifications:
  • Basic understanding of commodity futures markets and hedging
  • Experience with SQL, Python and Microsoft Power BI
  • Background or related experience in accounting and mark to market

Physical requirements/Working conditions:
  • Maintain prompt attendance in an office or if working remotely
  • Occasional visits to other offices, client meetings and industry events
  • Dynamic, time-sensitive environment

About Us

StoneX (formerly known as INTL FCStone) is an institutional-grade financial services network that connects companies, organizations and investors to the global markets ecosystem through a unique blend of digital platforms, end-to-end clearing and execution services, high-touch service and deep expertise. We provide access to 36 derivatives exchanges, 175 foreign exchange markets, nearly every global securities marketplace and a number of bi-lateral liquidity venues. We deliver this access with support throughout the entire lifecycle of a trade - from consulting and "boots-on-the-ground" intelligence, to best execution, to post-trade clearing, custody and settlement. In these ways, StoneX enables clients to use the global markets ecosystem to achieve their business goals through one trusted partner. We currently serve more than 30,000 commercial, institutional and payments clients, and more than 125,000 retail clients across more than 130 countries. Our clients use our institutional-grade digital platforms, our high-touch service, and our market intelligence to pursue trading opportunities, make investments efficiently, manage their market risks, and improve their business performance. Our relentless focus on helping them accomplish these objectives has enabled us to build deeply valued, long-term relationships based on guidance, integrity, transparency and trust.

StoneX Group Inc. is an Equal Opportunity Employer. Employment decisions are made without regard to race, color, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability, protected veteran status or other characteristics protected by law.
More Information on StoneX Group Inc.
StoneX Group Inc. operates in the Fintech industry. The company is located in New York, NY. StoneX Group Inc. was founded in 2022. It has 1502 total employees. To see all 19 open jobs at StoneX Group Inc., click here.
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