Commodity Trader Trainee

6 days ago

North Vancouver, Canada Olympic Industries ULC Full time

**Who We Are**:
Olympic Industries ULC is a leading international forest products trading company with our annual revenue exceeding $500 million. Our expertise includes the trading, importing/exporting, and manufacturing of forest products from the comfort of our office located in the heart of the vibrant and beautiful Lonsdale Quay in North Vancouver, BC.

Established in 1972, we have a strong record of success and a clear vision for our industry's sustainable future. With over 30 active Commodity Traders, we are proud to have a corporate culture that rewards hard work, entrepreneurship, and team collaboration.

**The Opportunity**:
Olympic Industries is currently searching for a highly driven and competitive Trader Trainee to join our growth-oriented team and contribute to the company's success through buying and selling forest products. Reporting to the President, the Commodity Trader will work both in individual and team capacity to build sustainable businesses for extracting margin from arbitrage opportunities.

**Training Program for Trader Trainees**:

- Working with the logistics team to manage lumber distribution by growing Olympics’ transportation network and negotiating overland freight costs with various stakeholders.
- Opportunity to learn and understand all parts of the business including accounting, international compliance, and various operations.
- Communicating and collaborating with Olympic Industries’ Commodity Traders to resolve challenges in the distribution of forest products.
- Networking with Olympic Industries Traders to learn about the company's business model.
- Monitoring and analyzing market trends within the forest product trading industry.
- Developing and presenting a personal business plan before transitioning to the trading floor.

**Specific Responsibilities of a Commodity Trader**:

- Building and maintaining professional relationships with external stakeholders through cold-calling, and qualifying prospects.
- Leading, developing, and supporting trading activities.
- Negotiating prices and sales with producers and consumers.
- Continuously generating new trading ideas by identifying arbitrage opportunities.
- Keeping a constant up-to-date knowledge of the markets.
- Managing trading positions while balancing risk and financing.
- Communicating and collaborating with the operations team to ensure smooth transactions.

**Who We’re Looking For**:

- Degree or Diploma in a related program such as Business or equivalent experience.
- Previous experience in a meritocratic role where there is a requirement to influence other’s decisions and actions considered as asset. For example: sales, account management, and business development.
- Experience in competitive sports or other highly competitive roles is considered an asset.
- Excellent analytical and mathematical skills.
- Proficient in Microsoft Excel.

**What We Offer**:

- ** Unlimited earning potential with a highly competitive compensation model.**:

- Work hard, play hard company culture.
- Employee stock ownership plan.
- RRSP Contribution Plan.
- Extended health benefits.
- Life insurance and Accidental Death & Dismemberment Insurance.
- Long-term disability insurance.
- Employee assistance and scholarship programs.
- On-site gym and showers.
- On-site kitchen with a Nespresso coffee bar.
- Easy access to the mountains and oceans.
- _

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