Company Description
You’re talented and adaptable. That’s why you’ll fit in.
The purpose of the Marketing BU is to sustainably maximise cash flows from the marketing of Anglo American products and services. Iron ore is an integral part of marketing and would grow its contribution the business profitability.
Over the last decade, commodity markets have undergone fundamental changes with unprecedented price volatility, shifting trade flows and new players changing the rules of engagement. Iron Ore has irreversibly evolved over this time to now include a liquid paper market with diverse participation and high correlation to exponentially increased physical flows. As a result, Anglo American has embarked on an ambitious journey to leverage the competitive advantages inherent in the existing business to generate greater revenue opportunities to the team.
With this foundation in place, Iron Ore is moving towards securing a full trading mandate in order to implement a comprehensive physical and financial iron ore trading strategy with significant Profit & Loss targets from February 2018. The physical and financial trading activities will be utilized as a toolkit to increase the value proposition to the Anglo American equity trade flow and further enhance the relationships to end users of the products.
Job Description
What you’ll do
Execute the fulfilment of contractual transactions related to iron ore onshore in China domestic market to satisfy Anglo American’s and customers’ contractual obligations.
Generate margin from the trading of iron ore onshore in China and within risk tolerances and governance frameworks.
KEY TASKS
Sales
- Support senior trader to implement the company’s strategy within the relevant market area.
- Selling onshore iron ore cargoes with Chinese customers to hit earnings and volume targets. These would be seaborne and onshore cargoes.
- Manage risk by using financial instruments to protect and enhance value from traded ores.
- Explore and collect market intelligence and provide in-depth and comprehensive market analysis report for senior management.
- Work closely with back-office functions, trade executions, and risk to ensure all targets are met within the defined risk parameters.
Plan and Targets
- Support the Manager – China onshore sales in the creation of the annual sales targets and plans for AARTC.
- Deliver the budgeted sales volume for AARTC.
Contract Execution
- Work closely with the sales operations team to oversee the sales execution process and ensure excellent service delivery and quick resolution of customer queries.
Compliance and Governance
- Ensure conduct in China is in accordance with Anglo American governance policies.
- Execute the commodity regional strategy within Marketing’s defined risk and governance framework.
- Support the goal of building a zero-breach culture.
Safety, Health & Environment
- We give our all to eliminating injuries because we value life and are unconditional about safety, health and well-being at work and at home.
- Every Marketing Employee will spend time each quarter working on activity which supports Physical Health and Safety.
Qualifications
What we’re looking for
- Understanding and experience of the commodity industry and landscape, globally and more specifically iron ore in China.
- Strong understanding of risk management principles.
- Knowledge of iron ore value chain.
- Experience/knowledge of the iron ore market, technical specifications and operational and sales knowledge.
- Sound knowledge of financial management.
- Sounds knowledge of contract management.
- Bachelor’s degree, majored in marketing, economics or engineering
- China onshore iron ore trading experience (trader or steel mill), with a minimum of 5 years preferred.
- Broad knowledge of iron ore industry/steel industry
- Solid knowledge and understanding of DCE, market analysis and trading concepts
- Ability to achieve aggressive targets in a challenging environment
- Demonstrate a high level of analytical and problem-solving skills
- Ability to work alone and as part of team
- Ability to connect and liaise with diverse range of people
- Fluency in Mandarin and English
Additional Information
Who we are
Anglo American is a global diversified mining business. Our portfolio of world-class mining operations provides the metals and minerals that make modern life possible. We use innovative practices and the latest technologies to discover new resources and mine, process, move and market our products to our customers around the world.
As a responsible miner – of diamonds (through De Beers), copper, platinum and other precious metals, iron ore, coal and nickel – we are the custodians of what are precious natural resources. We work together with our key partners and stakeholders to unlock the sustainable value that those resources represent for our shareholders, the communities and countries in which we operate and for society at large. Anglo American is re-imagining mining to improve people’s lives.
What We Offer
- Competitive salary and benefits package
- Amazing opportunities for learning and growth - from technical training to leadership programs, we bring out the best in our people
- We’re a large, successful multinational company and there are plenty of opportunities internally to move onwards and upwards too
Inclusion and Diversity
Anglo American is an equal opportunities employer. We are committed to promoting an inclusive and diverse workplace where we value and respect every colleague for who they are and provide equality of opportunity so that everyone can fulfil their potential.
Covid Vaccination Intent
Since safe and effective COVID-19 vaccines have become widely available this year, we have strongly encouraged employees to get vaccinated at the earliest possible opportunity. However, as vaccines have been proven to be a very effective and safe way of protecting people and reducing Covid-19 transmission, we have now announced our intent to introduce a policy that requires Covid-19 vaccination for access to all sites and offices. This policy would apply to all new joiners to the company as well as existing employees and contractors.
We are in the process of undertaking a comprehensive engagement process with all our stakeholders about our intent. This is so we can tailor our approach in each country, including ensuring what we do is lawful. Once this is complete, we will look to implement the policy. There may be differences in how and when it is implemented due to local context and legal requirements.
How To Apply
To apply for this role, please complete our online application form. You will have the opportunity to upload your CV and other relevant documentation as part of this process.
