Lead trader / head of desk compensation
Question for the senior folks on here: what is the typical compensation structure for lead traders / desk heads in commodities trading?
I've been recently promoted from senior trader to lead trader on a profitable desk of smaller trading company (responsible for the whole desk with several traders reporting to me). My salary has been increased by a bit and have been given larger risk allocation, but nothing more. Now I have all the extra tasks, spending probably 30% of my time on management topics instead of trading my book.
The problem is that I don't directly benefit if the traders under me make money, so starting to question whether the time I spend on developing our desk, mentoring juniors, driving new business etc. is worth it. Would probably make more $$$ if I just focused 100% on my own book instead.
Should I ask for a fixed % of the total desk PnL in addition to what I make in my own book? Or much higher base to reflect this? Not sure what the norm is.
feel free to pm
Can you share some thoughts publicly on Sr and Leadership comp?
A bit too difficult its very subjective and matters how the staff/team gets paid. No majors, banks and very few merchants (if any) have % written in contracts now, hedge funds exception.
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