CEO Lead Broker Copenhagen

JOB DESCRIPTION
ABOUT FIS
Freight Investor Services (FIS) is a leading global brokerage of freight and commodities. We are the world’s largest broker on dry freight futures, and have a strong presence across the bulk commodities, metals, and energy markets. We were the first brokerage to trade in the cleared market on iron ore and later coking coal futures, we also maintain a strong position in broking steel futures on all exchanges, as well as fuel oil, base metals, fertilisers, and tanker freight. We are proud of our innovative ethos, having been first mover on a number of products, most recently on the cobalt and air freight futures markets. Not only do we provide excellent brokerage services, but also data services, our App FIS Live, as well as education services to help those entering new markets.
We have expanded via our network of trading associates and branch offices to offer coverage of derivative and physical shipping markets in the UK, US, Dubai, India, Singapore and China. Through our global network, FIS offers full brokerage services, trade execution and in-depth market intelligence and data for freight and commodities, as well as providing physical ship and cargo services. Our expertise in managing credit and counterparty risk provides a vital competitive advantage while enabling clients to trade with confidence.
THE ROLE
We have an exciting opportunity for a CEO/ Lead Broker with proven and demonstrable experience as a Senior Derivatives or Commodities Broker to join our global team. The role will be based in our new Copenhagen office and is a senior-level role with oversight for the new office.

Responsibilities & Competencies
CEO Responsibilities:

• Compliance with the FSA rules relating to the firm’s management responsibilities map
• Responsibility for the development and maintenance of the firm’s business model by the governing body.
• Control the strategic direction of the firm;
• Set budgets for all projects/initiatives/departments
• Target and initiate business partnerships with other firms
• Drive the culture of the business
• Oversee employment and ensures there are enough staff (and the right people)
• Generate new business and gives approval of new projects
• Identify risks and ensures appropriate strategies are in place to mitigate risks
• Ensure the correct practices are being met
• Attend board meetings and other presentations
• Drive profitability of the business
• Responsible for day-to-day decisions

• The Chair has ultimate responsibility for Board performance and must guide the Board in its task of setting and helping to implement the Company’s strategic policies;
• The Chair must lead the Board, encourage critical discussions and challenge mind-sets;
• The Chair sets the agenda for the Board’s deliberations focusing primarily on strategy, performance, accountability and the creation of value for shareholders;
• The Chair must promote effective communication between executive/ non-executive directors and with shareholders and other stakeholders;
• The Chair must provide overall leadership, to enhance the effectiveness and performance of the Board and act as the primary spokesperson for the Board;
• The Chair must proactively and effectively manage FIS’s relationship with the Financial Conduct Authority (“FCA”) and other regulators/ interested parties;
• The Chair should assist with developing FIS’s corporate strategy, growing FIS’s market profile and establishing new corporate relationships;
• The Chair should foster ethical and responsible decision-making by the Board, Board Committees and individual directors;
• The Chair sets clear expectations with respect of FIS’s culture, values and behaviours;
• The Chair must ensure that the Board determines the nature and extend of the risk involved in the implementation of FIS’s strategy;
• The Chair must ensure effective resource, content and frameworks are in place to ensure proper risk management and compliance;
• The Chair must work with management in reviewing plans, defining issues, maintaining accountability and in any marketing efforts to facilitate growth;
• The Chair must ensure the implementation of the management succession and development plans;
• The Chair must ensure that the different duties, responsibilities and roles of the Board are clearly understood by the Board and management as well as the boundaries between them;
• The Chair must ensure that the Board receives appropriate and timely information, material and reports from management regarding FIS’s business and affairs in order to permit the Board to discharge its duties and responsibilities;
• The Chair must assist the Board, Board Committees and individual directors in effectively understanding and discharging their respective duties and responsibilities;
• The Chair must oversee all aspects of the Board and Board Committee functions to ensure compliance with FIS’s corporate governance policies and good corporate governance more generally;
• The Chair must carry out duties and responsibilities as the Board may reasonably request from time to time;
• Board Meeting related duties
• To ensure the board meets at least four times a year and otherwise as required;
• To prepare the agenda in consultation with the CEO and Company Secretary;
• To ensure all matters required to be considered by the Board are bought to a board meeting in a timely fashion;
• To monitor adequacy of materials provided to the Board by management in connection with Board deliberations, and ensure that the Board has sufficient time to review materials and to fully discuss the business that comes before the Board during deliberations;
• To ensure all agenda items are properly discussed, considered and resolved;
• The ensure Board meetings are run efficiently and sufficient time is provided to discuss agenda items;
• To create a cooperative atmosphere where the Board is encouraged to openly discuss, debate and question matters requiring attention in a constructive and productive fashion;

• Compliance Responsibilities
• Oversight of Compliance function:
• Ensuring that all Senior Manager Function and Certified Persons are aware of their regulatory responsibilities;
• Liaising with regulators and exchanges on regulatory matters;
• Liaising with external regulatory advisors;
• Ensuring the firm conducts its business within the scope of permission;
• Ensuring conflicts of interest are properly managed;
• Managing conflicts regarding finance and HR;

• Guide firm through regulatory changes and safeguarding them from far-reaching implications of non- compliance;
• Firms own business risks;
• Strategy: re regulatory change;
• Advise on prudential implications: who is accountable for what (asset, cash requirements, liquidity);
• Influence the firm’s approach to governance & decision making and planning & strategic execution; understanding customer agenda;

• MLRO Responsibilities
• Oversight of MLRO function:
• Responsibility for the firm’s policies and procedures for countering the risk that the firm might be used to further financial crime
• Registered as SMF17
• Act as the focal point within the firm for the oversight of all activity relating to anti-money laundering. He needs to be senior, to be free to act on his own authority and to be informed of any relevant knowledge or suspicion in the firm
• Where appropriate make reports to NCA, and liaise with NCA on any question whether to proceed with a transaction
• May delegate anti-money laundering duties to other suitably qualified individuals within the firm as appropriate.
• Monitors the day-to-day operation of its anti- money laundering (AML) policies; and responds promptly to any reasonable request for information made by the regulators.
• Responsible for receiving internal reports of suspicious activity;
• Takes reasonable steps to access any relevant know your business information;
• Makes external reports to NCA where appropriate;
• Obtains and uses national and international AML findings;
• Establishes and maintains adequate arrangements for AML awareness and training (whether by himself or someone else);
• Makes an annual report to the firm’s board;
• Establishes an Anti-Bribery and Corruption (ABC) Policy and ABC procedures including a protected and confidential procedure for reporting suspicious activities;
• Makes regular assessments of bribery and corruption risks and monitoring of higher risk third party relationships;
• Makes periodic reports to the Board regarding the risks faced by the firm and external developments;
• Provides an annual training to all members of Staff covering Market Abuse to ensure they understand the legislation, the firm’s internal procedure and their responsibilities;
• Establishes a Market Abuse Policy and Market Abuse Procedures including a protected and confidential procedure for reporting suspicious transactions and orders;
• Makes regular assessments of Market Abuse risks;
• Makes periodic reports to the Board regarding the Market Abuse risks faced by the firm and external developments;
• Detects and reports Market Abuse without delay to the FCA via notification by Suspicious Transaction and Order Reports (“STOR”);
• Establishes an Anti-facilitation of Tax Evasion;
• Makes periodic Risk Assessments on the Firm for risks which could be used to facilitate tax evasion by its associated persons, and put reasonable procedures in place to prevent facilitation of tax evasion, maintaining policy and procedures;
• Provides regular training on Anti-facilitation of Tax Evasion to all staff;
• Receives reports of suspected facilitation of tax evasion, and where appropriate reports to HMRC;
• Establishes a Fraud Policy and procedures including confidential procedures for reporting suspected fraud;
• Makes periodic assessments of fraud risks and monitoring of higher risk third party relationships (e.g. suppliers, contractors and service providers);
• Receives reports of suspicions of fraud from staff, and where appropriate makes reports to NCA and the FCA.

• Key responsibilities:

• Promote FIS as a company, providing market intelligence and analysis to clients
• Arrange trades via voice broking on and behalf of clients for execution at relevant exchange;
• Ensure own trades and those of direct reports are executed on a non-advice / execution only basis
• Manage Profit and Loss of the desk
• Create liquidity and price discovery with entities including Exchanges, SI’s, MTF’s, clearers, prime brokers and prop traders
• Maintain and create relationships with other brokers when there is no liquidity from Liquidity Providers
• Maintain and enhance existing client relationships, making regular contact and tracking daily trading activities
• Proactively solicit feedback from industry participants via trade calls, surveys, industry events, trade shows and conferences
• Identify and seize new business opportunities relating to trends, future markets, products and clients
• Set and develop plans and strategy for desk, manage direct reports to make best use of resources
• Produce a daily/weekly update of market prices, market direction for international desks
• On-board new clients following correct Compliance and Operations procedures
• Regularly assess client needs and financial conditions to identify internal cross-selling opportunities
• Perform any other reasonable duties the company may require

Risk related responsibilities

• Understand regulation within the evolving regulatory landscape
• Support a risk and compliance aware culture and comply with all FIS company policies and handbooks
• Exercise judgement and act with integrity, due care, skill and diligence and open and co-operative with the FCA, other regulators and exchanges
• Ensure full awareness of and adhere to internal policies that relate to the role or any relevant other activities
• Observe standards of market conduct and ensure understanding and adherence to all regulatory, exchange or clearing house requirements applicable to role

Training and oversight of brokers/junior brokers

• Manage any recruitment activity and induction as required
• Regular reporting on training needs to Senior Manager
• Centre of expertise and knowledge for relevant products and markets
• Conduct appraisals and provide regular feedback to direct reports
• Arrange/provide training and encourage development of staff as necessary
• Regularly assess direct reports
• Regular management feedback to ensure meet requirements
• Complete any mandatory training required by the company and required deadlines
• Attend risk committee meetings
• Maintain own Continued Professional Development (CPD)

Key Competencies / skills
• Possess excellent knowledge of Commodity products and markets; sound knowledge of derivatives as well as underlying markets and technical aspects of broking
• Provide leadership to team; coach, motivate and develop team members to maximise their potential
• Strong client focus; personable and engaging building relationships and networks wherever possible
• Communicating effectively with clients and colleagues
• Tenacious and thrives in a pressurised environment
• Team orientated; works well with others and diverse groups / personalities
• Excellent attention to detail; strong analytical and numeracy skills
• Competent in Microsoft Office suite, systems

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