VACANCY: Cocoa Trader West Africa

Vacancy Summary

  • Sector: Agriculture, Agronomy, FMCG
  • Field of Expertise: Specialist
  • Work Experience: 3-5 years
  • Preferred Candidates: Both international and national jobseekers invited to apply
  • Posted on: Apr 17, 2018
  • Vacancy closing date: May 30, 2018

Job Description

For our client, one of the leading players in the world cocoa bean trading market, we are looking for a Cocoa Trader creating profit contribution mainly via trading physical cocoa and working on global cocoa markets to establish, maintain and develop relationships with customers and suppliers. The focus will be on procurement West Africa.
The Cocoa Trader identifies business opportunities, negotiates and closes business deals. Builds and maintains extensive knowledge of current market conditions in the cocoa market. The person reports to the Head Trader

1. Buying, marketing and selling
2. Relationship management
3. Contract execution
4. Using futures, options & FX for hedging
5. Risk Management
6. Market research
7. Sustainability
8. Management support

Key tasks
1. Buying, marketing and selling:
• Buying and selling of physical cocoa to maximize company revenue.
• Daily contact with regional and/or local representatives in origin about market developments.
• Communication with regional and/or local representatives about execution of sourcing strategy.
• Daily contact with clients and suppliers.
• Using and performing market analysis to implement appropriate buying and selling strategies.

2. Relationship management
- Maintaining and developing commercial relationships with suppliers and buyers.

3. Contract execution
- Responsible for sound execution of sale and purchase contracts related to the assigned origins.
- Solid communication with and provide support for back-office and logistics team.
- Close liaison with origin teams.

4. Futures & FX trading for hedging and proprietary book
- Assist Head Trader and/or Trader responsible for hedging and proprietary book in developing and maximizing the company’s trading strategy within the guidelines of the risk management policy.
- Being able to replace in absence of the Head Trader and/or Trader responsible for hedging and proprietary book in trading futures, options and foreign exchanges for hedging purposes and proprietary trading.

5. Risk management
- Ensure full insight and taking full ownership in the portfolio of physical book in terms of positions allocation, value at risk and risk controls with full understanding on all related risks, such as counterparty, origin and market risks.
- Develop and advise (potential) customers and suppliers on risk management policies and tools.

6. Market research
- Conduct research and analyse data in supply and demand factors of cocoa, related markets and of macro-economic fundamentals.
- Prepare analytical commodity market reviews for rest of trading team and clients.

7. Sustainability
- Work jointly with the CR Officer in the implementation of sustainability projects/strategy in the assigned origins and with clients.

8. Management and team support
- Supporting the management in the implementation of the business strategies via daily execution of sales and account management as well as sourcing strategies and risk management.
- Work closely with origin reps and teams to ensure market share growth in the cocoa market.

Education, knowledge and experience
• Level of skill commensurate with a bachelor degree or higher qualification (Mathematics, Econometrics). At least 3 years of relevant experience may substitute for the formal qualification.
• 3+ years of experience in preferably procurement of cocoa or other soft/agricultural commodities trading.
• Proven sourcing experience.
• Sound knowledge on cocoa or other soft/agricultural markets.
• Good understanding of risk management in physical soft/agricultural commodities trading.

• Fluent in French and English, both verbal and written.
• Team player with strong commercial acumen.
• Good analytical and numerical skills with attention to detail.
• Keen sense of priorities to meet short deadlines.
• Good working knowledge of Microsoft office applications, especially Excel.

• Entrepreneurial, dynamic and looking for trading opportunities.
• Continuous drive to understand and beat the market.
• Well organized, accurate.
• Effective and convincing communicator and negotiator.
• Committed and determined. Pro-active, focussed and decisive, a winner!

Travel: Position requires international travelling
Package: To be defined
Starting date: from Mid April on

Are you interested in becoming a Cocoa Trader West Africa? Apply now at the top or bottom of our page.