Gold Traders

About the job Gold TradersJOB DESCRIPTION – GOLD TRADERS

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

Role Summary

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 company's 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.

Key Responsibilities
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 counter parties.
• 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 client's 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 counter parties 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, counter party 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 company's overall gold trading strategy and business expansion.

Candidate Profile Must Have

• 5–10+ years of experience in physical gold trading, precious metals trading or commodity trading.
• Proven experience in sourcing, purchasing and selling…