Metals Trader (Physical) Zug / Geneva, Switzerland Overview We are seeking an experienced Physical Metals Trader to develop and manage a profitable trading book within a dynamic and entrepreneurial commodities trading environment based in Zug or Geneva. This role is suited to a commercially driven trader with strong physical market expertise, the ability to originate flows, and a disciplined approach to risk management. Key Responsibilities Develop, manage and grow a profitable physical metals trading book (base metals and/or minor metals depending on profile). Originate and maintain relationships with producers, counterparties, industrial clients, and intermediaries. Structure and negotiate physical purchase and sales contracts. Identify arbitrage opportunities across regions and logistics chains. Manage price risk through hedging strategies (LME, CME or other relevant exchanges). Monitor spreads, freight economics, warehouse dynamics, and inventory positions. Optimise logistics, storage, and financing structures. Work closely with operations, risk, finance and compliance teams to ensure smooth execution. Contribute to strategic expansion into new markets or metals where relevant. Profile 5–10 years’ experience in physical metals trading. Proven track record of generating P&L within a trading house environment. Strong understanding of LME markets, hedging instruments and spread management. Solid network across producers, consumers and/or recyclers. Deep understanding of physical logistics and contract structures. Entrepreneurial mindset with disciplined risk management. Ability to operate independently while contributing to a team-driven environment. Based in or willing to relocate to Switzerland (Zug or Geneva). What’s on Offer Competitive base salary. Significant performance-linked bonus structure (P&L-driven). Entrepreneurial environment with decision-making autonomy. Access to capital and infrastructure to scale a book. Strategic exposure to European and global markets.