Commodities

Commodities

Selby Jennings: A Specialized Talent Partner for Commodity Recruitment

Selby Jenningsโ€™ commodity recruitment team is a global operation, delivering permanent, contract, and multi-hire recruitment services from our offices located in three different continents.

For nearly two decades, we have instilled confidence in our clients and candidates in the commodity hiring process, ensuring that their recruitment needs are managed by experts. With the sectorโ€™s rapid expansion, itโ€™s essential for companies to devise a successful strategy to attract top talent and identify the right professionals to propel their organization forward.

Our commodity consultants advise business leaders on refining processes, improving workforce skills, and implementing flexible work models to maintain a competitive edge. We also provide valuable insights to commodity professionals on evaluating benefits packages and salaries, and support them in their career progression.

Whether youโ€™re aiming to secure top commodity talent or youโ€™re a professional exploring top commodity career opportunities, the Selby Jennings Commodity team serves as a bridge connecting exceptional talent with industry-leading clients.

โ€‹If you're a commodities professional, please register your CV/resume.

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If you're looking for commodity trading talent, please register your vacancy today.

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Benefits of Partnering with Selby Jenningsโ€™ Commodities Team

We are a specialist talent partner in the commodities sector. Here are some of the advantages of collaborating with Selby Jenningsโ€™ global commodities Recruitment team:

Experience

Experience

We have nearly two decades of experience as a leading recruiter in the commodities market, working with a range of commodities including energy, metals, agriculture, and more.

Network

โ€‹Network

Our extensive, global network comprises top-tier professionals in the commodities sector, spanning from the worldโ€™s largest trading houses to innovative start-ups and beyond.

Knowledge

โ€‹Knowledge

Our award-winning recruitment specialists provide customised advice on the latest hiring trends and industry news in the commodities market to help you achieve your goals.

At Selby Jennings, we believe in building long-term relationships based on trust, integrity, and mutual success. Our commodities recruiters work diligently to provide bespoke solutions tailored to your specific needs, offering flexible options to suit your commodities hiring preferences. Whether you need to fill critical roles swiftly or are seeking strategic talent acquisition solutions, we have the resources and expertise to deliver results. Submit your vacancy to us today.

Take the first step towards addressing your talent shortage today by completing the form. Our commodities recruitment team looks forward to discussing how we can collaborate with your organisation to meet your commodities recruitment needs efficiently and effectively.

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Commodity Jobs

Professionals in commodity Jobs are essential in finance. As financial forecasting becomes increasingly important, professionals with these skills are highly sought after. Partnering with Selby Jennings, a recruitment specialist in commodity roles, could significantly advance your career. Explore our commodity job listings or submit your CV/resume, and weโ€™ll reach out to you when a suitable opportunity arises.

REV - Asset Optimization

We have a current opportunity for a REV- Asset Optimization on a permanent basis. The position will be based in Houston. For further information about this position please apply. Join my client's dynamic team and lead the charge in managing a rapidly expanding portfolio of wind and solar assets, set to surpass 8GW of installed capacity. Be at the forefront of the renewable energy revolution! Key Responsibilities: Develop cutting-edge forward hedging strategies for wind and solar assets. Model long-term valuations for co-locating renewable and battery storage assets. Create trading strategies that mitigate risks and boost profitability. Implement hedging strategies using a variety of instruments (energy hedges, gas hedges, options, etc.). Develop strategies for Day-Ahead offers for wind and solar farms. Engage with external partners to drive new product initiatives. Review and discuss commercial terms of Power Purchase Agreements (PPAs). Monitor market trends, regulatory changes, and risk levels. Qualifications: Bachelor's degree in a quantitative discipline (e.g., Computer Science, Engineering, Finance, Economics, Mathematics). 10+ years of general business experience. 5+ years in Competitive Energy Markets. 3+ years in power marketing, trading, asset management, or risk management. Experience in structuring and negotiating deals. Familiarity with ERCOT, MISO, SPP, and PJM markets. Excellent skills in data handling and presentation (Excel, PowerPoint). Solid finance knowledge and commercial insight. Strong project management skills.

Up to US$150000 per year
Houston
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Metal Paper Trader

Are you an expert in derivatives trading with a focus on metals and bulk commodities? Do you seek to broaden your horizons by venturing into physical trading as well? An esteemed commodity trading house is seeking a Metal Paper Trader for their operations based out of vibrant Singapore. Key Responsibilities: - Execute derivatives trades specializing in metal and bulk commodities. - Gain experience with aspects of physical commodity trading alongside paper transactions. Skills & Expertise Required: - Extensive knowledge of financial instruments linked to commodities markets required - Ability to analyze market trends for informed decision-making critical - Skillful management of potential risks inherent to high-stake trades essential - Interest or prior exposure advantageous but not mandatory If this role aligns with your career aspirations, we are excited about the prospect of welcoming such caliber aboard our dedicated team. Please submit your application if meeting these distinguished criteria speaks directly towards who you are professionally-our doors open wide awaiting unique talents like yours.

Up to S$200000 per annum
Singapore
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LNG Desk Assistant

Overview: We are looking for a highly motivated LNG Desk Assistant to support the LNG (Liquefied Natural Gas) trading team in daily operations. The ideal candidate will assist with the analysis, execution, and administration of LNG trading activities, contributing to the smooth and efficient running of the desk. You will be involved in data management, reporting, and communication with internal and external stakeholders to support the team's objectives in the global LNG market. Key Responsibilities: Provide administrative and operational support to the LNG trading desk, assisting traders in daily tasks. Maintain and update trading databases, ensuring accuracy of pricing, volumes, and logistics information. Assist with the preparation and analysis of market reports, trade summaries, and other relevant trading data. Monitor LNG market developments, including supply and demand factors, pricing trends, and vessel movements. Liaise with internal teams (operations, logistics, finance, etc.) and external stakeholders (suppliers, customers, counter parties) to ensure smooth execution of trades and timely communication. Assist in managing shipping schedules, including coordinating with vessel operators and port agents to track shipments. Prepare and update contracts, invoices, and other documentation required for LNG transactions. Help track and manage inventory and shipping schedules to ensure the timely delivery of LNG cargoes. Assist in risk management activities, including updating positions, exposure reports, and trade confirmations. Handle requests and perform other tasks as required by the LNG trading team. Requirements: Previous experience in a trading support or operations role (preferably in LNG, energy, commodities, or shipping). Strong knowledge of the LNG market, its supply chain, and trading processes is a plus. Excellent organisational and time-management skills, with the ability to handle multiple tasks simultaneously. Strong attention to detail and ability to spot discrepancies in data and documents. Good communication skills, with the ability to work effectively with various internal and external teams. Ability to work well under pressure in a fast-paced environment.

Negotiable
Singapore
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Pricing Analyst

Overview: We are looking for a detail-oriented Pricing Analyst to join our team. The ideal candidate will play a crucial role in supporting pricing strategies and ensuring that our products and services are competitively priced to meet market demands while maximising profitability. As a Pricing Analyst, you will collaborate with various departments to analyse pricing data, perform market research, and implement pricing models that align with the company's business objectives. Key Responsibilities: Analyse market trends, competitor pricing, and customer behaviour to assist in the development of pricing strategies. Conduct detailed pricing analysis and produce reports to support pricing decisions. Maintain and update pricing models and systems to ensure accuracy and relevance. Collaborate with sales, marketing, finance, and product teams to ensure alignment on pricing strategies. Monitor the effectiveness of pricing strategies and recommend adjustments as needed to optimise revenue and margins. Provide pricing reports, insights, and recommendations to senior management. Track and analyse sales performance against pricing strategies to identify potential improvements. Assist in the preparation of pricing proposals for new products, services, or customers. Review pricing guidelines and adjust according to internal policies and external market conditions. Ensure compliance with company policies and legal/regulatory pricing requirements. Provide support in contract negotiations by assessing pricing impacts on margins and profitability. Requirements: Proven experience as a Pricing Analyst, Financial Analyst, or in a similar analytic role (preferably in a related industry). Strong knowledge of pricing strategies, cost structures, and profitability analysis. Strong analytic and problem-solving skills with attention to detail. Excellent communication skills and the ability to present complex data in an understandable way. Strong teamwork and collaboration skills.

Negotiable
Singapore
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Bunker Sales Trader

Overview: We are seeking an experienced and results-driven Bunker Sales Trader to join our team. The ideal candidate will be responsible for driving the sales of marine fuels (bunkers) to customers within the shipping industry, including vessel operators, shipowners, and management companies. The Bunker Sales Trader will also be required to manage relationships with suppliers, understand market trends, and ensure optimal pricing and profit margins. A strong understanding of the marine fuel market is essential to succeed in this role. Key Responsibilities: Source and secure bunker fuel sales to shipping companies, vessel owners, and operators worldwide. Negotiate pricing, supply terms, and contracts with customers, ensuring competitive pricing and favorable terms. Manage the relationship with existing clients and develop new customer accounts. Coordinate with suppliers, port agents, and logistics teams to ensure timely and cost-effective delivery of bunker fuels. Monitor and analyze market trends, fuel prices, and industry regulations to provide strategic insights and maintain competitiveness. Provide excellent customer service by responding to inquiries, resolving issues, and offering tailored solutions. Work closely with the operations and finance teams to ensure accurate invoicing, credit management, and risk mitigation. Stay up-to-date with global fuel regulations, environmental standards, and any potential impacts on the bunker market. Prepare regular reports on sales activities, market developments, and business forecasts for senior management. Requirements: Proven experience as a Bunker Sales Trader or in a similar sales/trading role within the marine or energy sector. Strong knowledge of the global bunker market and marine fuel supply chains. Excellent negotiation, communication, and interpersonal skills. Ability to work under pressure and handle multiple accounts simultaneously. Strong analytic skills to assess market conditions and determine pricing strategies. Self-motivated with a high level of initiative and an entrepreneurial mindset.

Negotiable
Singapore
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Group Tax AVP

Tax AVP Role - Leading Renewable Energy & Development Firm Responsibilities: Provide regional tax advisory support and manage projects related to investments, acquisitions, transactions, and funding. Review tax computations, tax returns, and necessary supporting work for corporate tax compliance for entities within the Group. Evaluate tax policies, controls, and processes to ensure proper tax governance. Ensure compliance with Transfer Pricing requirements for all related party transactions. Manage tax queries and audits conducted by tax authorities. Handle property tax matters, including the preparation of property tax returns for Singapore entities. Assist other Group Tax Members with assigned tax projects, such as BEPs implementation. Candidate Requirements: Familiarity with CTRM and TGF is advantageous. Experience in managing tax matters in countries like China, Vietnam, Indonesia, and the Middle East is preferred. Degree in Accounting/Tax, Accredited Tax Professional, or equivalent professional credentials. Strong team player who demonstrates collaboration, accountability, and prioritises the institution's interests. Ability to adapt communication styles to different audiences. Broad understanding of tax information, strategic approach to resolving issues, and ability to assess various factors to make appropriate and commercially supported decisions. Strong organizational and project management skills, with the ability to handle multiple assignments efficiently. Excellent attention to detail, high accuracy, and ability to work under pressure and tight deadlines. Growth mindset, staying updated on business changes, commercial arrangements, and tax technical changes.

Negotiable
Singapore
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Database Administrator

We are partnered with a leading Commodities Risk Management Firm to hire for an experienced Database Administrator with expertise in SQL Server and Oracle databases, as well as a strong background in Azure architecture and database solutions. This role involves troubleshooting, performance optimization, and migration of databases, with a focus on cloud-based solutions. Key Responsibilities: Troubleshoot and resolve database issues (SQL Server, Oracle) in collaboration with technical teams. Monitor and manage Oracle and SQL Server databases using appropriate tools. Design, deploy, and maintain Azure SQL Database, Cosmos DB, and MySQL on PaaS solutions. Migrate SQL Server databases from on-premises to Azure. Develop and maintain Python scripts for database management and automation. Ensure database performance, security, and availability. Support database-related projects and initiatives. Qualifications: Extensive experience with Oracle and SQL Server technologies. Strong understanding of Azure architecture and database solutions (Azure SQL Database, Cosmos DB, MySQL on PaaS). Proven experience migrating SQL Server databases to Azure. Proficient in Python scripting for database management. Excellent organizational, verbal, and written communication skills. Essential Skills and Experience: Strong troubleshooting skills and experience in database support. Comprehensive understanding of Oracle and SQL Server database management. Experience with Azure architecture and cloud-based database solutions. Proven experience in database migrations to Azure. Ability to work independently with minimal supervision. Desirable Attributes: Knowledge of migrating SQL Server databases to Azure. Ability to work effectively with both technical and functional teams. Strong problem-solving skills, attention to detail, and self-motivation. Commitment to continuous learning and improvement.

Negotiable
Singapore
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Senior Contract Administrator

Senior Contract Administrator We are seeking an experienced Senior Contract Administrator to join our client, a well-established oil & gas company in Singapore. In this role, you will: Create and review contracts of crude oil and petroleum products for purchase and sales transaction Respond counter proposals and negotiate with counter-parties Various coordination with HQ and oversea offices, includes Legal department Carry out other ad-hoc activities upon request by managers Other requirements: Minimum 5 years of related experience Fluent in English Motivated, pro-active and capable Team spirit

Negotiable
Singapore
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Senior Software Engineer

Selby Jennings is partnered with a renowned proprietary trading firm on a business-critical search for a Senior Software Engineer to join their Commodity Trading team in Austin, TX (or Houston, TX). Expertise in professional python coding and data analytic and/or ML tools is required, and a background in trading is preferred, however, the team is open to software engineers with impressive/notable backgrounds (such as in Big Tech and/or start ups). Responsibilities: Develop tools and workflows to facilitate exploratory research. Design Python APIs to boost research productivity. Maintain and define Python research environment, optimized for data-intensive tasks. Create web user interfaces for data exploration and presenting research findings. Collaborate with researchers to implement studies, analytics, and production models for commodities trading. Utilize the firm's Linux computer cluster in collaboration with the research infrastructure team. Enhance processes for data acquisition, storage, and accessibility in collaboration with data management teams. Construct data and ML infrastructure to make trading data sets accessible and beneficial for researchers. Oversee production workflows for real-time forecasting, modeling, and analytics within the Linux compute environment. Develop systems for back testing and creating systematic trading strategies, and deploy them into the production trading environment. Qualifications: Expert in python coding Experience in API design/usability Modern data technology exposure (ex: Airflow, Snowflake, Postgres, etc.) ML tools and/or scalability of analysis Data visualization exposure (Dash, Plotly, etc.) Comfortability in secondary coding language (C++, Rust, etc.) Computer Science (or similar, like mathematics)

US$175000 - US$350000 per year
Austin
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Market Risk & Portfolio Analytics Advisor

Position Overview: Selby Jennings is partnered with a top Global Energy Firm to source talent for a Market Risk & Portfolio Analytics Adivosr. A key member of the Risk & Finance Group, the Market Risk & Portfolio Analytics Advisor collaborates with front-office teams and other stakeholders to provide analytical insights, market intelligence, and strategic support. This role focuses on evaluating risk management strategies and optimizing P&L within defined risk mandates. The position reports to the Portfolio Analysis Director. Key Responsibilities: Develop and assess commercial strategies to balance value and risk across retail supply and renewable energy portfolios, including power, gas, and battery energy storage systems (BESS). Conduct periodic and ad-hoc analysis. Identify and create cost/risk valuation models for power purchase agreements (PPAs) and investment analysis. Collaborate with commercial and risk teams to build models for complex structured transactions and conduct post-processing analysis using Excel and other platforms. Research and analyze historical and forward market prices, market fundamentals, and financial forecast variances to provide strategic recommendations. Develop and enhance methodologies and tools to assess pricing and risk in commercial transactions. Utilize benchmarking data to support competitive assessments and valuation processes. Maintain internal models to track and evaluate asset-specific performance metrics. Recommend risk mitigation strategies, including offsets and efficiencies in bid-ask spreads and credit exposure. Conduct economic analyses of structured transactions to support origination and structuring activities. Participate in knowledge sharing with internal teams and provide insights into market fundamentals, renewable energy development, and PPA pricing opportunities across various ISO markets (ERCOT, PJM, SPP, MISO, NYISO, ISO-NE). Track regulatory developments, assess their impact on commodity risk positions, and relay findings to front-office teams. Perform additional duties as assigned. Qualifications: Bachelor's degree in an analytical field such as Engineering, Finance, Economics, or Mathematics. Minimum seven years of business experience, with at least three years of relevant exposure to competitive energy markets, particularly renewable assets and/or retail supply. Proficiency in advanced modeling techniques using Excel+VBA, SQL, Python, R, or other analytical tools. Experience handling large datasets and presenting findings effectively to leadership. Strong understanding of financial derivatives and commodity markets, including power, gas, and environmental products. Resourcefulness in leveraging various tools, data sources, and analytical methods. Familiarity with wholesale and retail energy markets, with experience in at least two major ISO markets (e.g., ERCOT, PJM, SPP, MISO, NEPOOL, NYISO). Knowledge of integrated portfolio valuation and risk management strategies. Experience with BESS modeling and ETRM systems is a plus. Strong analytical skills, ability to structure and defend recommendations, and capacity to manage multiple priorities. Effective communication and presentation skills, with the ability to articulate complex analyses to stakeholders. Team-oriented mindset with a capability to operate within a matrixed structure and manage stakeholder expectations. This opportunity offers a dynamic environment for professionals seeking to apply their expertise in market risk and analytics to drive strategic decision-making and optimize portfolio performance.

US$150000 - US$180000 per year
Houston
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Senior Intraday Power Trader

Senior Short Term Power Trader - Exciting Opportunity in Poland Are you ready to accelerate your career with a high-octane trading role? My client, a prestigious and dynamic proprietary energy trading firm based in Poland is searching for a Senior Short Term Power Trader. This elite business stands out as cash rich and firmly established within the competitive European Power Trading landscape, yet maintains a uniquely dynamic and entrepreneurial culture. As the ideal candidate for this permanent position based in beautiful Poland, you will thrive on taking on the challenges that come with working on the intraday to Week Ahead Power Trading markets across all of Europe. Role Essentials: Take charge of short-term power trading from intraday up to weeks ahead Engage deeply with pan-European market activities offering vast exposure Contribute significantly towards strategy development using sophisticated analysis tools Role requirements: Several years of speculative/proprietary trading experience across the European markets A consistent, impressive and demonstrable PnL track record The ability to work well both independently as well as in a team You must either be based in Poland or be willing to relocate If you fit these requirements and are excited by the prospect of joining a highly respected, performance oriented boutique in Poland, please apply!

Negotiable
Poland
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Bunker Sales Trader/Broker

Bunker Sales/Trader Opportunity in the Heart of London's Commodities Sector Our client is seeking an ambitious Bunker Sales/Trader, prepared to navigate and thrive within the bustling commodities market. In this permanent position, leverage your expertise by engaging directly with back-to-back trading activities that keep our global economy buoyant. Your mission will be clear: drive forward bunker transactions aimed at optimizing trade flows and client satisfaction. Key Responsibilities: - Engage actively in bunkering operations encompassing marine fuels - Cultivate robust relationships through strategic sales initiatives - Navigate complex deal-making environments efficiently Desired Skill Set: -Commodities Knowledge: Understand intricacies involved within commodity markets. -Sales Acumen: Exhibit proven capability to close deals and foster growth. -Maritime Fuel Insights: Apply sector-specific know-how tailored towards bunker fuel dynamics. -Back-to-Bank Trading Aptitude: Display competency managing successive trades seamlessly aligning buyer-seller networks. This opportunity promises more than just professional development. It offers a platform where industry-leading techniques meet innovative strategy execution right here amidst London's dynamic freight landscape! If you feel you would be a strong fit, apply today!

Negotiable
London
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Commodities News & Insights

The Best Cities for Commodities Jobs Image
sales-and-trading

The Best Cities for Commodities Jobs

Commodity traders, brokers, and investors buy and sell raw products, such as gas, metal, and agricultural products, based on the predicted or actual value of tangible goods. By conducting research, calculating risk, and analyzing financial markets, commodity traders can make a favorable decision on whether to buy or sell commodities based on current market needs.Like shares, commodities are bought and sold on exchanges. Brokers work across a variety of firms, including investment banks, hedge funds, and asset management. Commodity investor and trader positions are available in every city, but not every opportunity is equal.ย Wages, benefits, working hours, and job openings are likely to be different in every city for commodity traders. To help you decide on the best place to live and work as a commodity investor we have identified which cities have the most amount of job vacancies.Offering insights to commodity traders, investors, and brokers considering relocation opportunities, and hiring managers looking to attract top industry talent, here are some of the best cities to work as a commodity trader.Cities with the Most Amount of Vacanciesย Whether you are looking for career opportunities or you are a business in need of top talent, itโ€™s beneficial to know the cities with prominent national commodity markets and investment in banking infrastructure.ย ย The following cities have the greatest number of vacancies and opportunities for commodity brokers. New YorkFollowing the COVID-19 pandemic, New York overtook London as the city with the most amount of vacancies. New York is the financial hub of the world, as a key player in global financial markets due to two of the largest stock exchanges in the world: the New York Stock Exchange and the Nasdaq.It is considered to be one of the best cities for a career in finance and the trading of commoditiesWith the highest 10% of commodity traders earning an average annual salary of $193,000, the outlook for commodities in New York suggests strong market growth likely to attract new entrants.ย DubaiHome to the largest and most diversified exchange in the Middle East, Dubai is an established commodity trading hub and a magnet for international commodity trader talent. Equipped with forward-thinking strategies and advanced infrastructure, Dubai is quickly growing in significance in futures trading.ย In 2023, Dubaiโ€™s economy recorded 3.3% growth in the first nine months, showcasing the cityโ€™s drive, resilience, and innovation. With an economic plan to boost trade and investments in 2024, Dubai boasts a favorable business climate attractive to traders worldwide.ย Hong KongThe commodities market in Hong Kong plays to the investors' advantage as demand for commodity risk management increases to protect against hedge price swings from China. Agriculture, mining, oil, gas, and chemical supply chains are evolving, presenting an excellent opportunity for candidates with commodities trading experience.With developing international trade and changing market demands, experienced commodity traders looking to relocate to Hong Kong have the potential to earn an average annual salary of HK$360,000 and benefit from thriving business environments.ย HoustonHouston presents a variety of commodities job opportunities for commodity traders due to an amplified energy transition and an enhanced focus on renewable energy sources. Talent with experience in renewable power and environmental commodity transactions in Houston are sure to benefit from the industry's exponential growth. Independent commodities trading houses as well as big commodity trading firms maintain a significant presence in this city and present many future trading jobs for candidates.ย BostonAn attractive city for those who are seeking commodities jobs, Boston is a leading location with financial and commodities job availability. With trading firms dominating the financial landscape, this city is sure to catch the eye of traders, investors, and brokers.ย Domeyard LP, Akuna Capital, and Piper Jaffray are among the assortment of firms thatfavor business in this financial services hub, presenting ample commodity trading opportunities to the local area.โ€‹โ€‹Why Choose Us?At Selby Jennings, we provide organizations with access to industry-leading talent and are experts in identifying the right candidates for niche positions.ย We are a lead specialist talent acquisition partner with the latest recruitment news, trends, and knowledge to elevate your hiring process or job search.ย Advertise your banking and financial services open job vacancies via our website to access innovative talent and connect with exciting traders and investment professionals.ย Get in Touch NowFor more information about how we can help you secure top commodity traders, get in touch today.ย For more information or to find your next commodities job position, take a look at our current roles. Alternatively, you can upload your resume. Once received, one of our consultants will be in touch as soon as a role that matches your skill set becomes available.

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commodities

The Future of Commodities

โ€‹In an industry known for its unpredictability, it is especially hard to forecast hiring needs even as Commodities continues to grow.ย ย So how can traditional energy markets retain top talent as the future turns greener?ย In this report, we investigate the 5 most prominent hiring trends in Commodities, and take a closer look at Carbon Markets, Renewable and Traditional Energy, and Metals.ย ย Discover current developments from salaries to flexible working and more by completing the form below:ย โ€‹

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commodities

Adapting Hiring Strategies to the Changing Commodities Landscape

โ€‹Global net-zero targets have altered the commodities landscape, which now sees the industry playing a defining role in supplying essential materials, from copper to rare earth, that work towards a carbon neutral future. Whatโ€™s more, commodities remain the best-performing asset class of 2022 and enjoyed healthy activity in Q1, rising to nearly 30% as calculated by the S&P GSCI Index.The outlook ahead for commodities suggests strong growth, but to be able to capitalize on opportunities, commodities firms need the right people in place. Here we take an introspective look at the latest talent trends that you should be aware of to get ahead in this fast-moving industry. Counter offersย in commoditiesIn todayโ€™s competitive landscape, with the brightest minds in commodities in ever-increasing demand, firms are opening their wallets to not only secure professionals but also as a retention tool. Since the beginning of this year, organizations have found themselves in a candidate-driven market, which has simultaneously resulted in compensation swelling to facilitate this demand. While itโ€™s not all about capital, itโ€™s important to note that professionals are bargaining hard for the top offer. Weโ€™ve observed many professionals increase their salaries by seeking greener pastures, and even passive talent are making moves to follow the money. Commodities firms are rapidly trying to fill seats post-pandemic and are therefore heavily compensating mission-critical professionals to facilitate their expanding growth plans. Counter offers also pose a threat to any firm looking to develop a dynamic pipeline of talent. Selby Jennings has seen business leaders offer top-tier employees large salaries to alleviate the chance of them receiving a counter offer, or any retention issues in the future. According to the latest research, most professionals leave their current employer within 12 months of accepting a counter offer, meaning it is important for firms to retain their staff before it gets to the point of needing one, and for professionals to realize what the cost of accepting one really is on their career. โ€‹Flexible working modelsHowever, while lucrative compensation packages are a big attraction, they are not all encompassing. Heavily driving career decisions is flexible, hybrid, and remote working, with many commodities specialists actively looking for prospective roles that offer fully remote capabilities. The ability to tap into a wider and higher-paying job market that isnโ€™t constrained to one particular location is a compelling factor right now, and even if a role is commutable, professionals are still interested in some degree of flexibility that the hybrid model affords. Itโ€™s clear that the flexible working paradigm is of critical importance to todayโ€™s workforce, yet some individuals are opting for the office to enrich collaboration and communication, and some feel an office environment services them better in building their personal profile. โ€‹Commodities hotspotsย Although rising inflationary pressures and supply chain challenges have impacted commodities verticals, the landscape is buoyant. Since the 1990s, Houston has established itself as the major energy trading arm in the USA. New York closely follows behind as the second energy trading hub, with energy asset operators evolving in the area and enlarging their portfolios. The renewable energy space has surged in importance, with California dubbed to be the key district that is garnering attention from investors and highly skilled talent alike. Houston and New York have also amplified their renewable energy presence, with a large commercial building in Manhattan โ€“ One Manhattan West โ€“ transitioning to 100% renewable fuels. Despite the scarcity of talent in renewable energy, the year ahead for this industry promises exponential growth and acceleration, and the specialist team at Selby Jennings are excited to see the future developments in this space. โ€‹Interested in learning more about current trends in commodities? Whether youโ€™re a professional seeking opportunities or a business in need of the right talent, have a confidential discussion with our commodities talent experts today: request a call back or submit a vacancy and one of our team will be in touch, or browse our latest commodities vacancies here.

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commodities

Commodities Talent Market Overview

Whilst 2020 has represented challenges previously unseen, hiring in the Energy sector has been able to adapt impressively and several companies, large and small, have been able to onboard new talent remotely. The global pandemic has forced businesses in the sector to adopt to new practices such as video conferences for interviews, extending offers without ever meeting a candidate in person, and providing the tools needed for the new employee to succeed while working from home. In particular, the retail energy sector has been buoyant, especially on the sales side, throughout the year in terms of recruitment, with an impetus on the Natural Gas and Electricity side. We have not only seen an increase in hires in this space at Selby Jennings, but also a varied geographic impact as new roles have been vibrant not only in Texas, but also particularly in the Southeast and Northeast. With major volatility in oil & gas prices this year, the retail sector has been ever more reliant on the skillsets and relationships that salespeople are able to leverage. For wholesale traders, the difficulty in hiring new staff was more significant in H1 as, traditionally, it was crucial in these roles for an individual to be working in an office, alongside other traders and support staff. However, as we moved into H2 we began to see firms become much more open to allowing new traders to begin their tenures working from home, albeit still a challenge for employers as limiting collaboration and the cultural component has proved to be a difficulty many are simply just having to adapt to. This has driven the competition for top talent to an all-time high as firms are seeking the candidates with the ability to hit the ground running, who can be successful in an autonomous work environment and have the intrinsic motivation to perform at a high level away from an office setting. Overall, this year has been challenging across the economy with no industry being exempt entirely. That said, the agility and lofty ambitions of growing firms within the energy space has not led to a dramatic downturn in hiring activity. Within revenue generating positions specially, the resilience of the energy sector has allowed for a busy 12 months of recruitment. As we prepare for a new year in an economic climate much different than that of last, there is great expectation for the energy market and commodities markets as a whole to not only bounce back but excel. We are poised for a big year and expecting a lot of activity in the market in 2021. If you need support in hiring top talent in the Commodities sector, or want to discuss your hiring needs in 2021, get in touch with the Selby Jennings team. โ€‹

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