Physical Precious Metals Trader

Company: Greenland Investment Management

Location: Flexible / Global Markets Focus

Department: Commodities Trading & Investments

Experience Required: Minimum 3 Years

Employment Type: Full-Time

Position Overview

Greenland Investment Management is seeking an experienced Physical Precious Arbitrage Trader to identify, execute, and manage profitable arbitrage opportunities across global precious metals markets. The role requires deep expertise in physical gold and silver trading, cross-border market dynamics, pricing inefficiencies, logistics, financing structures, and risk management.

The successful candidate will be responsible for generating consistent P&L through physical precious metals arbitrage strategies involving geographical price differentials, import/export opportunities, refinery relationships, vaulting networks, exchange-deliverable products, and physical-to-paper market dislocations.

This is a front-office revenue-generating role with direct responsibility for originating, evaluating, and executing arbitrage trades across global precious metals markets.

Key Responsibilities- Arbitrage Strategy Development

Identify and execute physical gold and silver arbitrage opportunities across international markets.

Monitor regional premiums and discounts across major trading hubs, including:

Dubai

Mumbai

Singapore

Hong Kong

Zurich

London

Shanghai

Develop and maintain arbitrage models covering:

Geographic spreads

Import/export economics

Refining margins

Freight and logistics costs

Financing and inventory carry costs

Tax and duty structures

Physical versus futures market opportunities

Physical Precious Metals Trading

Execute spot, forward, and structured physical gold and silver transactions.

Build and maintain relationships with:

Refineries

Bullion banks

Dealers

Vault operators

Logistics providers

Institutional counterparties

Source and place physical inventory efficiently across multiple jurisdictions.

Market Intelligence & Research

Track global precious metals supply and demand flows.

Analyze:

Central bank activity

Refinery output

Import/export data

Regional premiums

Inventory levels

Exchange warehouse stocks

Identify emerging arbitrage opportunities arising from regulatory, logistical, or market dislocations.

Risk Management

Manage price, currency, liquidity, settlement, logistics, and counterparty risks.

Utilize futures and OTC derivatives for hedging physical exposure.

Monitor Value-at-Risk (VaR), position limits, and inventory exposure.

Ensure all trades comply with company risk parameters.

Trade Execution & Operations

Coordinate closely with operations, compliance, finance, and logistics teams.

Oversee trade lifecycle from execution through settlement and delivery.

Ensure accurate trade capture, reconciliation, and reporting.

Manage physical delivery schedules and inventory movements.

P&L Ownership

Generate sustainable risk-adjusted returns through arbitrage activities.

Maintain detailed records of opportunities, execution performance, and profitability.

Present regular performance updates to senior management.

Required Qualifications Experience

Minimum 3 years of experience in:

Physical gold trading

Physical silver trading

Precious metals arbitrage

Bullion trading

Commodities trading

Demonstrated track record of generating profitable arbitrage P&L.

Technical Knowledge

Strong understanding of:

Physical precious metals markets.

Global bullion supply chains.

Precious metals financing and inventory management.

Import/export procedures.

International logistics and shipping.

Futures and OTC hedging instruments.

Market structure across major precious metals hubs.

Market Knowledge

Experience trading or analyzing:

London Bullion Market

London Bullion Market Association

Shanghai Gold Exchange

Dubai Multi Commodities Centre

COMEX

Multi Commodity Exchange of India

Analytical Skills

Advanced spreadsheet and financial modeling skills.

Ability to calculate arbitrage profitability incorporating:

Premiums/discounts

FX exposure

Duties and taxes

Financing costs

Freight and insurance

Strong quantitative and analytical mindset.

Communication Skills

Excellent verbal and written communication.

Ability to negotiate with international counterparties.

Strong stakeholder management capabilities.

Preferred Qualifications

Experience working with bullion banks, refineries, trading houses, hedge funds, commodity merchants, or family offices.

Established network within the global precious metals ecosystem.

Knowledge of structured trade finance.

Familiarity with customs regulations and international trade compliance.

Understanding of vaulting and custody arrangements.

Experience trading across Asia, Middle East, Europe, and North America.

Key Performance Indicators (KPIs)

Annual Arbitrage P&L Generation

Risk-Adjusted Return Metrics

Trade Conversion Rate

Inventory Turnover

Sharpe Ratio / Risk Efficiency

Counterparty Development

New Arbitrage Opportunities Identified

Settlement Accuracy and Operational Efficiency