Gold Traders

Location: Dubai UAE
Employment Type: Full-time Permanent
Reports To:CEO

Client is seeking experienced Gold Traders to manage and execute physical gold trading transactions develop relationships with gold producers and suppliers across Africa and expand the companys gold trading business.

The role involves sourcing gold negotiating purchase and sale agreements managing pricing and trading positions coordinating shipments and deliveries and building relationships with mining companies licensed aggregators exporters refiners and international buyers.

The successful candidates will be responsible for identifying profitable trading opportunities while ensuring proper risk management regulatory compliance and responsible gold sourcing.

1. Gold Sourcing & Business Development

• Identify and develop gold sourcing opportunities across Africa particularly in West and Central Africa.
• Build and maintain relationships with gold producers mining companies licensed aggregators exporters and refiners.
• Identify new suppliers buyers and strategic trading partners.
• Develop a strong pipeline of physical gold trading opportunities.
• Negotiate commercial terms with suppliers and counterparties.
• Explore opportunities with producing and near-production mines junior mining companies and established gold exporters.

2. Gold Trading & Transaction Execution

• Execute physical gold purchase and sale transactions in accordance with company trading policies.
• Negotiate gold pricing premiums discounts quantities and delivery terms.
• Manage spot and term contracts offtake agreements and prepayment-linked transactions.
• Monitor international gold prices and market movements to identify profitable trading opportunities.
• Coordinate buying selling and delivery of gold with suppliers buyers and trading partners.
• Manage transactions from initial negotiation through to final delivery and settlement.

3. Pricing & Market Analysis

• Monitor international gold prices LBMA benchmarks and precious metals market developments.
• Analyse market trends supply-demand dynamics and pricing opportunities.
• Evaluate trading margins premiums discounts and transaction costs.
• Develop competitive pricing strategies to maximise trading profitability.
• Monitor foreign exchange movements and their impact on trading transactions.
• Prepare regular trading performance and market reports for management.

4. Supplier & Client Relationship Management

• Establish and maintain strong relationships with gold producers mining companies exporters refiners bullion banks and international buyers.
• Negotiate long-term supply agreements and trading partnerships.
• Manage existing supplier and customer accounts.
• Identify new markets and expand clients international trading network.
• Represent the company in industry meetings negotiations and relevant events.

5. Logistics & Delivery Management

• Coordinate gold shipments transportation refining assay and settlement processes.
• Work closely with logistics providers refiners financial institutions and operations teams.
• Ensure deliveries meet agreed contractual specifications and timelines.
• Monitor shipment documentation insurance and delivery arrangements.
• Resolve operational and settlement issues affecting trading transactions.

6. Risk Management & Compliance

• Ensure all trading counterparties undergo appropriate KYC AML sanctions and responsible sourcing checks.
• Verify gold origin ownership and chain-of-custody documentation.
• Assess country-specific risks foreign exchange regulations and gold export requirements.
• Monitor price exposure counterparty risk and transaction risks.
• Work closely with Risk Legal and Compliance teams.
• Ensure no transactions proceed without the required compliance approvals.
• Maintain accurate trading records and transaction documentation.

7. Reporting & Performance Management

• Maintain accurate records of trading activities transactions and outstanding deliveries.
• Monitor trading volumes profitability margins and settlement performance.
• Prepare regular reports on trading performance market developments and business opportunities.
• Identify opportunities to improve trading efficiency and profitability.
• Contribute to the companys overall gold trading strategy and business expansion.

Must Have

• 510 years of experience in physical gold trading precious metals trading or commodity trading.
• Proven experience in sourcing purchasing and selling physical gold.
• Strong network of gold producers mining companies aggregators exporters refiners or international buyers.
• Experience negotiating and executing gold purchase and sale agreements.
• Strong understanding of international gold pricing LBMA benchmarks premiums discounts and trading margins.
• Knowledge of physical gold trading operations including assay refining logistics shipment and settlement.
• Experience working with African gold supply chains and international commodity markets.
• Understanding of KYC AML sanctions and responsible gold sourcing requirements.
• Strong commercial negotiation and relationship management skills.
• Excellent communication and business development abilities.
• Bachelors degree in Finance Business Economics Mining Engineering or a related discipline.
• Fluent English written and spoken.

Preferred

• Experience trading gold across West and Central African markets.
• Established relationships with African gold producers licensed aggregators and exporters.
• Experience working with international bullion banks refiners and commodity trading houses.
• Knowledge of Dubais gold trading market DMCC and UAE regulatory requirements.
• Experience with gold offtake agreements prepayments and structured commodity financing.
• French language skills; Arabic or Portuguese would be an advantage.
• Experience working with international commodity trading companies such as Trafigura Glencore Mercuria Gunvor or equivalent.

• Strong gold trading and commercial expertise.
• Supplier sourcing and business development.
• Negotiation and deal execution.
• International gold market knowledge.
• Pricing and market analysis.
• Risk management and compliance awareness.
• Strong supplier and client relationship management.
• Ability to work in a fast-paced international trading environment.
• High integrity and accountability.
• Results-oriented and commercially driven mindset.

• Gold trading volumes and transaction values.
• Number of new suppliers and buyers onboarded.
• Number and value of successfully executed transactions.
• Gross trading margins and overall profitability.
• Supplier network development and retention.
• Transaction execution and delivery timelines.
• Settlement efficiency and counterparty performance.
• Compliance with KYC AML and responsible sourcing requirements.

• Location: Dubai UAE with regular travel to gold-producing countries across Africa and international trading and financing centres.
• Compensation: Base salary and performance-linked annual bonus (to be confirmed).
• Benefits: UAE residence visa medical insurance annual flights and relocation support (to be confirmed).

Apply now!