Practice Specialist, Commodity Trading

Consulting

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Practice Specialist, Commodity Trading

Job ID : 90581

Specialists have a strong base of expertise in a function, industry or technical area. They are staffed on engagements (largely in full time roles) and are expected to leverage expertise to solve some of the most pressing and complex issues at clients.

Who You'll Work With

You will be based in the Atlanta, Austin, Boston, Chicago, Cleveland, Darien, Dallas, Denver, Houston, Miami, Minneapolis, New York, San Francisco or St.

Louis office as part of our Global Energy and Materials (GEM) Practice and will work with client service teams that serve commodity producers, processors, buyers, and traders across energy, nonferrous metals, and agriculture value chains.

The Commodity Trading Service Line at McKinsey supports clients in commodity trading growth strategy, operating model design, enterprise risk management, operations transformations, and analytics transformations.

What You'll Do

In this role you will deliver commodity trading content knowledge, working either directly with clients and client project teams.

You will be responsible for identifying issues, forming hypotheses, designing and conducting analysis, synthesizing conclusions into recommendations and helping to implement change with our clients.

Throughout an engagement, you will be involved in discussions and presentations with senior client leadership.

You will maintain or develop a strong internal reputation and network with client teams and be "in the flow" of new external thinking, including maintaining or developing an external reputation.

You will help build company's commodity trading capabilities. You will renew personal knowledge and expertise over time to remain at the leading edge of the field.

As a part of our commitment to apprenticeship and community, consistent and predictable in-person / in-office working time is essential to this role.

Qualifications

• Bachelor's degree with 4+ years' work experience at a physical commodity trader or graduate degree with 2+ years of work experience in physical commodity trading
• 2+ years of commodity markets experience developing trading or hedging strategies (especially physical / cash markets) or price-discovery analysis in oil & gas, power markets, agriculture, or nonferrous metals preferred
• Strong base of expertise in a commodity trading and strong trajectory of building on and expanding that base
• Understanding how price discovery occurs, price convergence of futures to physical, drivers of term structure (e.g., backwardation, contango), and typical physical contract terms for the commodities of your expertise
• Understanding of typical front, middle, and back-office processes at a physical commodity processor / trader and interfaces with corporate functions (e.

g., internal audit, accounting, treasury, FP&A) preferred

• Solid problem solving skills, including the ability to disaggregate issues, develop hypotheses and actionable recommendations from data and analysis (focused on physical commodities).
• Ease in approaching issues from a top management view and discussing them in the overall context of a business
• Ability to absorb rapidly and grapple with a wide range of complex business issues (in area of expertise)
• Effective communicator and presenter, able to facilitate small meetings. Ability to explain nuances of commodity markets, price risk, and trading workflows (e.

g., risk implications of contracts with different incoterms) to people from other fields

Comfortable performing back-of-the-envelope calculations to estimate and pressure-test common risk metrics (e.g., VaR, drawdown, volumetric positions) for common trading strategies preferred

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FOR U.S. APPLICANTS : McKinsey & Company is an Equal Opportunity / Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by applicable law.

Certain US jurisdictions require McKinsey & Company to include a reasonable estimate of the salary or hourly range for this role.

For new joiners for this role in the United States, including all office locations where the job may be performed, a reasonable estimated range is $192,000 - $192,000 -to help you understand what you can expect.

This reflects our best estimate of the lowest to highest salary / hourly wages for this role at the time of this posting, ensuring you have a clear picture right from the start, though it's important to remember that actual salaries may vary.

Factors like your office location, your unique blend of experience and skills, start date and our current organizational needs all play a part in determining the final figure.

Certain roles are also eligible for bonuses, subject to McKinsey's discretion and based on factors such as individual and / or organizational performance.

Additionally, we provide a comprehensive benefits package that reflects our commitment to the wellness of our colleagues and their families.

This includes medical, mental health, dental and vision coverage, telemedicine services, life, accident and disability insurance, parental leave and family planning benefits, caregiving resources, a generous retirement contributions program, financial guidance, and paid time off.

FOR NON-U.S. APPLICANTS : McKinsey & Company is an Equal Opportunity employer. For additional details regarding our global EEO policy and diversity initiatives, please visit our McKinsey Careers and Diversity & Inclusion sites.

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