Trade Execution Associate - Grains and Oilseeds at StoneX in Bogotá

Job description

Overview Connecting clients to markets – and talent to opportunity. With 5,400+ employees and over 80,000 institutional, commercial, and payments clients, we operate from more than 80 offices spread across six continents. As a Fortune 100, Nasdaq-listed provider, we connect clients to the global markets – focusing on innovation, human connection, and providing world-class products and services to all types of investors. Whether you want to forge a career connecting our retail clients to potential trading opportunities, or ingrain yourself in the world of institutional investing, StoneX Group is made up of four business segments that offer endless potential for progression and growth. Business Segment Overview - Commercial : With boots on the ground authenticity at the heart of everything we do, our comprehensive array of commercial products and services enable you to work directly with our clients, across hedging, risk management, execution and clearing, OTC products, commodity finance and more. Position Purpose and Impact: The Trade Execution Associate will collaborate with the International Grain, Oilseed, and Feed Ingredient Trading staff to facilitate the purchase, execution and sales of physical grain, oilseed, and feed commodities. This person will work closely with commercial, trade control, settlement, and cash teams to ensure all trades are completed and comply with internal policies and procedures. You will also develop relationships and provide customer service to existing customers. The job will require a very organized and detailed professional to be able to accurately enter contracts and pricings into the system of record. Responsibilities Primary Accountabilities/Responsibilities: Enter all purchase and sale trade information into the system of record timely and accurately Prepare documentation for transactions (such as purchase and sale agreements) and ensure terms of contracts are acceptable under guidelines established by the organization Accept price fixing orders from clients and coordinate positions on hedges of physical commodities with the appropriate department. Ensure those hedges comply with internal policies and exchange rules Coordinate transportation of the movement of physical commodities being purchased and sold with logistics service providers. Ensure all costs of delivery are accounted for appropriately in the system of record Ensure inventory, shipment, and payment information gets entered into our system of record accurately and efficiently by working with the settlements and cash management teams. Build and maintain a close relationship with our partners (suppliers, customers, brokers, and service providers) Keep track of documentation and update the various files needed to successfully execute the different business flows Research, document and verify counterparty information such as financial statements, credit references, and trade references for new clients and for yearly renewal of existing clients Confirm contract, accounts receivable and mark to market reporting being used by commercial, risk, accounting, and management departments are accurate for successful monitoring and portfolio management. Oversee trade positions and identify risk factors Monitor trade limits and receivable limits and communicate with trade control, risk, and management departments daily to ensure trades remain within established credit thresholds Reconcile daily Profit and Loss associated with physical commodity trades and ensures economics are accounted for appropriately (mark-to-market accounting) This list of responsibilities may not be all-inclusive and can be expanded to include other duties or responsibilities as needed Qualifications Minimum Qualifications: Bachelor’s degree Minimum of 3 years’ experience in International Trade, Commodities, Business, and/or Finance Basic understanding of physical commodities, commodity futures markets, and hedging Bilingual: English and Spanish required (English Level: