Commodity Trader / Junior PM (Metals & Ags)

Commodity Trader / Junior PM — Metals & Agricultural Commodities London | Dubai | Remote 

A cross commodity fund is looking to add a trader - discretionary or systematic - in base, precious metals or agricultural commodities - possibly someone operating as a number two within a pod, ready to trade their own book or expand their existing mandate.

This is a principal seat. Comp is a serious percentage of the P&L you generate - starting at 20% profit share, scaling higher through performance hurdles as the book builds. 

The firm

A seasoned commodity trading operation with deep expertise across either metals, ags, softs or potentially energy . Active in derivatives across all major exchanges, with a growing physical metals capability and the credit lines, warehouse access and operational infrastructure to support it. Global reach, lean structure, and very little bureaucracy - they can move quickly when they find the right person.

What they're looking for

A trader with a demonstrated ability to generate consistent P&L across different market environments - not someone whose track record is defined by a single macro event. Directional, relative value, prop and systematic styles are all on the table. 

The ideal candidate has:

• 5–15 years in commodity trading


• A verifiable, consistent track record - ideally $2m+ per year over recent years


• Experience as a number two within a pod, or a junior PM looking for more capital and autonomy


• Strong risk instincts and active drawdown management


• A clear reason to be looking now

Structure

• Base: industry-competitive, experience-dependent


• Profit share: starting at 20% of P&L, with performance-linked hurdles that increase allocation and payout


• Initial risk allocation scaled to your track record; grows as P&L builds


• Location: London, Dubai, or fully remote initially — the team trades across time zones

Process

Three stages, two of which can be done by phone. Decisions are made at principal level - if there's a fit, they move fast. Target: offers before year-end.

If you're currently a number two looking to run your own book, or a junior PM seeking a seat with genuine upside, I'd like to hear from you. Discretion is guaranteed.

Patrick Burlton | Lodestone Global [email protected]