Commodities Trader @ Genk Capital - Commodities Trader Genk Capital Employee Review

5.0
11 Apr 2018
Recommend
CEO approval
Business outlook

Pros

a) Company Culture: The company embraces a rather easy-going environment with a casual dress code, flat hierarchy and does not micro-manage. Probably no one would believe that we are traders just by looking at us and how we carry ourselves. Snooty people are a no-no in Genk so you won’t be having to deal with much office politics (there is barely any). When you are working here, you can basically turn to anyone in the office for help or advice when you need some and no one will think you are weird or incapable. For people who do not like to be micro-managed, they would fit in well as there are very few strict and fast rules here. Basically, do a daily review of your own trading, respect your trading limits (risk management), and be at your desk during active market hours (do not leave money on the table). As long as you are doing your job, contributing to the firm and not creating trouble, you will be fine. They do not necessarily hire highly trained and experienced traders with PhDs but their training regimen is very vigorous and thorough. Basically imagine every directly relevant topic studied in Masters of Finance, Economics, and Financial Modelling packed into one essential “Genk Training Kit”. Some might find it daunting but honestly, it’s a very rewarding shortcut to becoming a competent and profitable trader. You’re being paid to study rather than to pay to study and maybe not even find a job after graduation. Ultimately, once you graduate from the Genk School of Trading, you will feel really smart amongst your friends but feel like you are just an ordinary, average plain Joe/Jane amongst your colleagues. Also, one of the best things about management is that they truly believe that every individual is different and that every person has their own “edge”. They work together with us to identify our “edges” and then use it to derive more synergy within teams. Everyone’s job scope is thus a little different and our side projects outside trading hours are usually edge-related. As a result, things get done more efficiently and effectively and the rewards are shared and reaped by every contributing member in the team. If I’m hopeless at creating complex macros on excel for example, I’m not screwed because I can count on my partner and he/she can count on me for other stuff too. Lastly, there is no discrimination whatsoever on race, religion or gender. b) Job Scope: No two days are exactly the same. There are always small or big issues that crop up, such as trading environment changes or market changes, and we will need to refine our trading algos or strategies as and when these crop up. Besides trading and designing algos or spreadsheets, we also do some administrative work such as checking of our positions and statements. If you can envision yourself doing the same tasks every single day of your career, then this is not the job for you because it’s right on the opposite end of the spectrum. Working at Genk is definitely not monotonous. You can really feel the adrenaline when the market is going crazy and you never know when to expect for that to happen. We are trading on an international market and although it is anonymous on screen, knowing this coupled with attending networking sessions with market participants through seminars or lunches/dinners, you can feel connected to the rest of the world. At Genk, ideas are always welcome and each trader is more or less responsible for their own progress and you will really get to see the results (through your trades and commissions) if you keep trying and don’t give up (it is easy to get burnt out if you don’t manage yourself well). If you think you have reached your limit and the company disagrees, they will push you further to reach your potential and this can be very painful psychologically but beneficial in the long run if you can survive it. Honestly, there is no other trading firm or bank that I have come across, who would invest this much time, faith and money in an employee. Tell me when you’ve found one and I’ll tell you that you are damn lucky. This is the job for people who need a high sense of self-achievement and who are in pursuit of personal growth. You will be learning constantly and endlessly, analysing charts and recap videos of your own trading session, developing new ideas and algos.

Cons

a) Mentally challenging: Our hours are more or less defined by the respective market that we are trading so it really depends on which desk you are placed on. Outside of trading hours, we often have other work to do such as designing or refining our trading algorithms or administrative work such as checking our trading statements and balances. Also, the learning never ends. Active market hours are like adrenaline shots and you can feel mentally drained after the market closes. You will need to be very disciplined with your sleeping hours and with managing your personal health. Club at your own risk. b) Motivation: It is very easy to get swallowed, churned, and spit out on the market. You get burnt out when you try to sprint instead of pace yourself for a marathon. And then you start to think that you cannot continue anymore. I have yet to see Genk give up on a single individual but they will most definitely not coddle you. My advice is to always remember to pace yourself, acknowledge where your weaknesses are and focus on them, and to psychologically prepare yourself in advance for blood, sweat and tears.

Explore other reviews about Genk Capital

5.0
26 Sept 2017
Recommend
CEO approval
Business outlook

Pros

They trained me well and instilled the right values and expectations. I think it is better to have a more hands-off approach to the training as every trader would need to be able to function independently with minimal guidance. The market is ever-changing and you will always be learning new things. I am glad they chose not to spoon-feed and force us to develop a skill to learn about the market. Also, if you really wanted to learn, there are plenty of opportunities to do so: When traders make calls, when they discuss trade ideas and when they talk about their day during lunch. All of these are valuable experience that will benefit you. Ultimately, I personally think that what you can learn depends on how willing you are to learn.

Cons

Keeps a very low profile so nobody knows what you do. Good luck explaining to your parents/relative your job during gatherings.

8
5.0
27 Sept 2017
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

1) Learning how to learn Genk's training is not focused on the transference of content knowledge such as financial theories or trading strategies etc. Instead, it focuses on creating an environment that encourages a person to think independently and discover things for themselves. The process is done initially with much guidance from more senior traders, who will often spend much time to go through and review the logical process of new trainees. For example, when faced with a problem / unknown, we are often encouraged to google for answers first instead of asking someone for help. If an answer does exist online, then we think critically to see if it is applicable to us and how we can tweak it to solve our problem. Else, when google does not provide answers, we would try to gather as much information as possible, organize it, and think of possible solutions. Though such a process might sound laborious at first, it encouraged me to stopped being intellectually lazy and think more deeply about things. Interestingly, I eventually discovered that many real world problems do not have well defined textbook solutions and the ability to learn and think critically is an essential skill that benefits me outside work too. 2) Working with high calibre people People at Genk tend to value truth and humility. Traders or experienced developers are not afraid to say "I don't know", even if that question might seem very simple. The "side effect" of this is that when someone tells me that they know something, or that they have done research on something, I can often expect that due diligence has been done to produce high quality / insightful work. The hierarchy at Genk is rather flat. Ideas can be shared freely between traders of different experience levels. People are willing to admit when they are proven wrong, or accept critical (but sometimes harsh) feedbacks when it is well justified. As a result, discussions are often efficient and insightful as it does not get bogged down by intellectual egos. 3) Tackling interesting problems Relative to other industries, growth and change seem to occur at a higher rate in tech and trading. Hence, Genk is constantly growing, improving and exploring new frontiers. Consequently, I find it hard to imagine that I will be stuck in a monotonous role, perpetually doing repetitive task for the rest of my career. Often, I am task encourage to tackle new problems, or think of more innovative methods to solve current ones.

Cons

1) Mentally tiring Although the hours spent at work are not long, the work done is always engaging and intellectually demanding. Hence, even with 8 hours of sleep each day, it is still possible for me to feel exhausted and tired after a day of work. Needless to say, it is near impossible to perform well after partying past midnight on a weekday. 2) Physically Inactive It is highly likely that you will gain some weight after working at Genk. Most of the time is spent in sitting in front of the computer. Any exercise done will be mental. I seldom find myself moving around much during the day. Hence, I have to watch my diet more closely (by giving up yummy and unhealthy food) and exercise more regularly to compensate for the inactivity. 3) Becoming that annoyingly secretive friend Friends will ask you questions about trading and you will nod and smile and give an unhelpful answer. You become secretive not for the sake of it, but because you want to protect the hard work and efforts of your teammates. While your friends might be sharing the success of their latest deal during a gathering, you will probably have to keep all your wonderful accomplishments to yourself.

8
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