Trading Operations Administrator

At First Quantum, we free the talent of our people by taking a very different approach which is underpinned by a very different, very definite culture – the “First Quantum Way”.

Working with us is not like working anywhere else, which is why we recruit people who will take a bolder, smarter approach to spot opportunities, solve problems and deliver results.

Our culture is all about encouraging you to think independently and to challenge convention to deliver the best result. That’s how we continue to achieve extraordinary things in extraordinary locations.

Job Description

Purpose of the Role:

First Quantum Minerals is a leading Canadian-based global mining & metals company focused on the production of copper, nickel, gold & cobalt. With operations and future developments spanning across Africa, Europe, the Middle East, Australia and the Americas, in a range of diverse conditions, FQM is globally recognised for its specialist technical, engineering & operational skills, all of which allow for the development & operation of complex mines and minerals processing plants. As we expand our operations, continue to provide metals to build the modern world and shift to a low carbon, greener economy in the years ahead, our mining projects will continue to require the best and the brightest talent to help us solve the emerging challenges of our time, shape our business and unlock opportunities for our future.

Although our production and financial results are the engine that drives our business, it is the depth of capability in our people that will continue to determine First Quantum’s ongoing success. Reporting to the Lead Operations Controller for Concentrates products, this role will form an integral part of our operations team, situated in the Toronto offices. The incumbent will act as a junior administrator pertaining to Concentrates-related operations responsible for executing a broad array of contracts, administering key logistics tasks for various commodity shipments, and safeguarding associated revenues through various financial instruments. This role will involve close collaboration with the trade desks, banks, and a variety of third-party entities. The ideal candidate will demonstrate strong organizational skills, a familiarity with commodity markets, and a keen drive to learn in a fast-paced environment all that is required to become a successful commodity trade operations administrator.

Key Responsibilities

Contracts Administration:

• Carrying out contracting administration, ensuring adherence to commercial terms outlined within traders’ business confirmations.
• Supervision & administration of contracts execution for the full trade life cycle of each shipment through to final settlement.
• Ensuring accurate & timely documents issuance whether via letter of credit, copy documents and/or open account for all shipped products from FQM’s concentrates producing mines.
• Observing quality assurance protocols and identifying any outliers to mitigate against exposure to quality claims and/or losses in product value.

Shipping

• Collaborating with the wider operations team for the scheduling and coordination of shipments across global trade routes covering multiple FQM sites & commodities including Copper, Nickel & Zinc Concentrates, Coal, Sulphur, Pyrites, and Dore.
• Responsibility for laytime calculations, freight payments, dispatch/demurrage settlements, and addressing any customer related post-fixture queries.

Financial & Exposure Management

• Coordinating with banks & customers for the timely issuance of fully workable letters of credit in accordance with sales contracts.
• Vigilantly assessing mark to market movements and exposure for all open shipments, including ensuring all letters of credit remain fully workable for the full shipment/trade life cycle.
• Preparing and monitoring the status of shipments for all FQM Trading sales each month to support the hedging team with management of hedge positions.

Compliance & Customer Relations

• Conducting KYCs for customers, service providers, and third-party entities to ensure compliance with internal and external standards.
• Regularly meeting with all aforementioned entities to better understand how to address any concerns and challenges for the optimization of logistical factors.
• Maintaining positive working relationships with colleagues at the various sites and identifying opportunities to ameliorate intercompany operations considering the upstream effect on the Group and downstream impact on our customers.

Qualifications Required

• Bachelor’s Degree in a related field from a leading university.
• Master’s Degree in relevant field preferable, but not mandatory.

Experience And Technical Skills Required

• Excellent verbal, written and interpersonal communication skills.
• Strong critical thinking and problem-solving skills.
• Diligence and strong attention to detail.
• Adaptable and comfortable working in a fast-paced environment.
• Proficiency wi