Business Function
As an Asian leader in treasury operations, DBS Global Financial Markets (GFM) extends a broad range of capabilities ranging from trading, structuring and sales in foreign exchange, precious metals, interest rates, money market, credit, equity, commodities, bonds, derivatives and securities. We are a key player in various regional markets and actively make market, structure, originate, innovate and distribute a wide range of products.
Our extensive network in Asia and our growing Asian focused franchises helps expand our product outreach and deepen product penetration. Altogether, our specialists are working across our expanding branch network to offer a full range of products and exceptional levels of services to clients investing and hedging in the global markets.
Job Summary
We are seeking a highly motivated and experiencedPrecious Metals Trader to join our Precious Metals Trading team. The ideal candidate will lead pricing, execution and risk management for the bank’s precious metals franchise across gold, silver and PGMs, with a strong focus on basis trading. The role is responsible for market-making, active risk-taking and robust risk management across diverse Precious Metals products and key market locations. The trader will work closely with sales, structuring, custody and e-trading teams to deliver competitive client solutions, drive P&L and support strategic initiatives to grow the precious metals business, while maintaining the highest standards of control and compliance.
Key Responsibilities
- Make markets and executes trades in precious metals (spot, forwards, swaps and futures ) for both client and proprietary flows.
- Actively manage and trade basis between different locations and instruments (e.g. COMEX vs Loco London, regional locos, EFP), optimizing carry and funding cost.
- Manage physical gold positions including loco movements, allocations and conversions between physical and paper exposure.
- Manage intraday andovernight risk within approved limits and monitor/explain P&L drivers.
- Partner with eFX/Quant teams to improve pricing models, auto hedging logic and e-distribution for precious metals products.
- Support sales and structuring in designing and executing client solutions across both all precious metals products
- Track macro, commodities and cross-asset developments affecting precious metals
- Contribute to internal market commentary and analyze market trends, news, and data to drive informed trading decisions
- Experience in FX trading will be an added advantage.
Qualifications & Skills
- 4-7 years of experience in Precious Metals trading
- Proven track record in a trading / market-making role in precious metals.
- Strong understanding of basis trading with deep knowledge of pricing and risk concepts is strongly preferred.
- Proven experience in physical gold trading including interaction with refineries, vaults and custodians.
- Proficiency in Python, KDB, or other relevant tools for trading analytics and automation will be an added advantage.
- Bachelor's or Master’s degree in finance, Mathematics, Computer Science, or related field
- Entrepreneurial mindset, able to work in a fast-paced and evolving environment
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Location:
DBS Asia CentralJob:
TraderSchedule:
RegularEmployee Status:
Full timeSimilar Jobs
What We Do
DBS Bank is a leading financial services group in Asia, headquartered in Singapore. It provides a full range of consumer, SME, and corporate banking services. The bank is recognized for its digital innovation, having been named 'World's Best Digital Bank' and 'World's Best Bank' by various publications. It also operates the DBS Foundation, which supports social enterprises and community initiatives, reflecting its commitment to creating impact beyond traditional banking.
