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The Base Metals Trading team in London plays a pivotal role in Macquarie’s global commodities business. The desk covers both financial and physical base metals markets, trading a diverse range of instruments including options, futures, and related contracts. We foster a collaborative and entrepreneurial environment, leveraging fundamental, quantitative, and technical analysis to identify trading opportunities and deliver consistent results. Our focus is on generating strong risk-adjusted returns and expanding Macquarie’s market presence.

At Macquarie, our advantage is bringing together diverse people and empowering them to shape all kinds of possibilities. We are a global financial services group operating in 31 markets and with 56 years of unbroken profitability. You’ll be part of a friendly and supportive team where everyone - no matter what role - contributes ideas and drives outcomes.

What role will you play?

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As a Base Metals Options Trader, you will be part of a dynamic trading team, proactively identifying and capitalising on opportunities to grow the business. You will execute and manage options flow across major exchanges and OTC markets, overseeing positions and risk throughout the trade lifecycle. Building and maintaining relationships with brokers, counterparties, and other market participants is a key aspect of this role. You will analyse market trends, volatility, price movements, and supply and demand fundamentals across global base metals markets, contributing to the team’s ongoing success.

What you offer

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• Minimum 5 years’ experience trading base metals options, with a proven track record of positive P&L

• In-depth understanding of financial base metals markets globally, including options, futures, and OTC structures

• Good risk appetite with a proven track record of deploying risk proactively and responsibly

• Deep knowledge of base metals fundamentals and the ability to translate that into price views and options strategies

• Strong entrepreneurial drive with the ability to independently source and structure new opportunities

• Demonstrated success in high-pressure trading environments and collaborative team settings

• Excellent analytical, quantitative, and communication skills, with an established network in the base metals trading community

• Fluent in English; proficiency in additional languages is advantageous

• Technically skilled in Excel and market platforms such as Bloomberg

We love hearing from anyone inspired to build a better future with us, if you're excited about the role or working at Macquarie we encourage you to apply.

What we offer

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At Macquarie, you’re empowered to shape a career that’s rewarding in all the ways that matter most to you. Macquarie employees can access a wide range of benefits which, depending on eligibility criteria, include:

• 1 wellbeing leave day per year and a minimum of 25 days of annual leave.
• 26 weeks’ paid parental leave for primary caregivers along with 12 days of paid transition leave upon return to work and 6 weeks’ paid leave for secondary caregivers
• Paid fertility leave for those undergoing or supporting fertility treatment
• 2 days of paid volunteer leave and donation matching
• Access to a wide range of salary sacrificing options
• Benefits and initiatives to support your physical, mental and financial wellbeing including, comprehensive medical and life insurance cover
• Access to our Employee Assistance Program, a robust behavioural health network with counselling and coaching services
• Access to a wide range of learning and development opportunities, including reimbursement for professional membership or subscription
• Access to company funded emergency and backup dependent care services
• Recognition and service awards
• Hybrid and flexible working arrangements, dependent on role
• Reimbursement for work from home equipment

About Commodities and Global Markets

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Commodities and Global Markets is a global business offering capital and financing, risk management, market access, physical execution and logistics solutions to its diverse client base across Commodities, Financial Markets and Asset Finance.

Our commitment to diversity, equity and inclusion

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We are committed to providing a working environment that embraces diversity, equity, and inclusion. We encourage people from all backgrounds to apply regardless of their identity, including age, disability, neurodiversity, gender (including gender identity or expression), sexual orientation, marriage or civil partnership, pregnancy, parental status, race (including ethnic or national origin), religion or belief, or socio-economic background. We welcome further discussions on how you can feel included and belong at Macquarie as you progress through our recruitment process.

Our aim is to provide reasonable adjustments to individuals as required during the recruitment process and in the course of employment. If you require additional assistance, please let us know during the application process.