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THE DETAILS

DΞΛDLINΞ IN

COMMODITY TЯΛDING – INTΞЯN

 

 

London

Task:

Commerzbank Corporates clients (CC) is the integrated Corporate and Investment Banking division of Commerzbank AG.

CC provides corporate and institutional clients with a broad range of commercial and investment banking products. It is active in Europe’s most important markets with main offices in Frankfurt and London.

The business incorporates capital markets activities in credit, equities, commodities, interest rates and foreign exchange with a strong focus on derivatives. It provides clients with capital and debt raising solutions and offers its customers access to a broad range of investment and risk management products across all major asset classes.

Key activities:

The Commodity trading team within Interest Rates Currency and Commodity Trading (IRCCT) is a product specialist team with the responsibility of Market making and risk managing the whole Commodity products suit of the bank. This includes Precious metals, Base metals, Energy, Carbon and Agricultural products.

Our clients are corporates who manage their commodity price risk; and their banks that act as their counterparties when Commerzbank has no relationship with the end-client.

We provide tailor made Commodity hedging solutions to our clients across the globe. We design complex Commdity trading strategies to maximize the value of our client franchise and optimize the P&L for the bank.

As an intern in the Commodity trading team you will be focusing on product development, representation of commodity products and market expertise to clients. You will support traders in their daily risk management and market making activities.

The role will be as a Trading intern and involve:

  • Generation of reports for indicative levels and market conditions for our sales.
  • Pricing of exotic payoffs (mostly TRFs and Accumulators) following sales requests.
  • Coordinating the deal process from sales enquiry to support of the trading desk for execution.
  • Work with traders to produce risk management and P&L reports.
  • Use VBA programming to support the automation of daily trading tasks.
  • Work with traders to optimise the e-Trading platform by analysing client flow data and propose algorithmic improvements.
  • Idea generation: keeping on top of market, political and economic trends, developing an understanding of relevant issues in the market, and conveying this understanding to sales, in order to facilitate the sales process.
  • Development of management information systems to facilitate the sales process for commodity solutions.
  • Gain a solid understanding of all Commodities derivatives products.

Profile:

  • Graduated in the last 12 months or graduating in 2022.
  • The successful candidate is likely to be educated to degree level in Mathematics, Physics, Engineering, Econometrics, or similar highly quantitative discipline.
  • Expected to or have achieved a minimum 2.1 UK bachelors degree (or equivalent)
  • Minimum 320 UCAS points (or equivalent)
  • Some business knowledged from a previous internship within Financial Services
  • Understanding of derivatives products at a theorethical and practical level.
  • Knowledge of Microsoft Office (especially excel and word)
  • Experience in at least one programming language (VBA, Python, etc…)
  • Team player
  • Strong verbal and written communication skills
  • Fluent English
ΛPPLY

About Commerzbank

Commerzbank is the leading bank for the German Mittelstand and a strong partner for around 28,000 corporate client groups and around 11 million private and small-business customers in Germany.

The Bank’s two Business Segments Private and Small-Business Customers and Corporate Clients – offer a comprehensive portfolio of financial services. Commerzbank transacts approximately 30 per cent of Germany’s foreign trade and is present internationally in almost 40 countries in the corporate clients’ business. The Bank focuses on the German Mittelstand, large corporates, and institutional clients.

As part of its international business, Commerzbank supports clients with German connectivity and companies operating in selected future-oriented industries.

Following the integration of comdirect, private and small-business customers benefit from the services offered by one of Germany’s most advanced online banks combined with personal advisory support on site. Its Polish subsidiary mBank S.A. is an innovative digital bank that serves approximately 5.6 million private and corporate customers, predominantly in Poland, but also in the Czech Republic and Slovakia. In 2021, Commerzbank generated gross revenues of some €8.5 billion with around 46,500 employees.