Your Job
Proprietary SHFE Arbitrage Trader
Our Team
We are seeking an experienced and highly analytical proprietary SHFE Arbitrage Trader to identify, develop, and execute arbitrage strategies across the Shanghai Futures Exchange (SHFE) and global base metals markets, including LME and COMEX. This role requires deep expertise in metals trading, strong quantitative capabilities, and the ability to operate decisively in fast-paced market conditions.
What You Will Do
- Design, back test, and implement arbitrage strategies focused on SHFE and related instruments.
- Analyze market microstructure to identify cross-exchange and cross-contract arbitrage opportunities, including calendar spreads, inter-month trades, and LME-SHFE basis strategies.
- Monitor daily profit and loss (P&L), manage risk exposures, and ensure adherence to margin and position limits.
- Maintain accurate trade capture, position reporting, and post-trade reconciliation; contribute to automation and process improvements.
- Prepare daily market insights, trade rationales, and periodic performance reports for senior stakeholders.
- Ensure compliance with all applicable regulatory requirements and maintain robust internal controls.
Who You Are (Basic Qualifications)
- 4–8+ years of experience trading metals (copper preferred), with a demonstrable track record in arbitrage trading and consistent P&L generation.
- Strong understanding of SHFE contract specifications, delivery mechanisms, warehousing systems, margining, and Chinese market microstructure.
- Advanced quantitative and analytical skills, including experience developing statistical arbitrage models and conducting rigorous strategy validation.
- Familiarity with electronic trading systems, order management systems, and real-time market data feeds.
- Proven risk management expertise, including experience with VaR, stress testing, and scenario analysis.
- Excellent written and verbal communication skills; fluency in English required, Mandarin strongly preferred.
What Will Put You Ahead
- Direct experience with LME-SHFE basis trading, physical metal logistics, and warehouse receipt systems.
- Experience engaging with Chinese market participants, brokers, and regulatory frameworks.
- Knowledge of options trading and hedging strategies within metals markets.
- Bachelor's or master's degree in finance, Economics, Mathematics, Engineering, Physics, or a related discipline.
At Koch companies, we are entrepreneurs. This means we openly challenge the status quo, find new ways to create value and get rewarded for our individual contributions. Any compensation range provided for a role is an estimate determined by available market data. The actual amount may be higher or lower than the range provided considering each candidate's knowledge, skills, abilities, and geographic location. If you have questions, please speak to your recruiter about the flexibility and detail of our compensation philosophy.
Who We Are
As a Koch company, Koch Minerals & Trading (KM&T) specializes in the innovative procurement, exchange, and delivery of essential commodity products and services that empower our daily way of life. We pursue the development of investments into successful ventures and new, transformative platforms.
At Koch, employees are empowered to do what they do best to make life better. Learn how our business philosophy helps employees unleash their potential while creating value for themselves and the company.
Additionally, everyone has individual work and personal needs. We seek to enable the best work environment that helps you and the business work together to produce superior results.
