About the Role
The Commodity trading desk is providing commodity hedges and risk management solutions, covering a wide product range including Energy, Base and Precious Metals, Carbon, and Agriculture. This role focuses on a senior Energy Options Trader, responsible for building and managing the desk's options activity, with an initial emphasis on crude oil, natural gas, and related energy markets products.
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Key Responsibilities
- Price, execute, market make, and risk manage options across crude oil, refined products, and natural gas.
- Own the portfolio's options and volatility risk framework.
- Manage risk position of the desk within the applicable limits and desk risk tolerance while monitoring risks in the global commodity book.
- Be accountable for the risk levels and limits set by the desk head and be responsible for adding revenue streams to Commodities.
- Engage continuously with sales on trading/hedging ideas.
- Collaborate closely with the sales team to create solutions.
- Work with other international centers to capture flow and pricing for new local customer business.
- Interface continually with the desk head to ensure that trading positions are reported daily and that the long-term requirements of the organization remain the target.
- Maintain and enhance market counterparty and customer perception of the organization as the leading institution for local banks and corporates for commodity business hedging requirements.
Requirements / Qualifications
- Minimum 7 years’ experience in options trading, particularly strong in Options Oil & Derivatives or Carbon & Gas.
- A university degree with a solid understanding of options and volatility trading.
- Strong knowledge of commodity markets, trading platforms, and trading systems.
- Demonstrable track record of managing commodities risk.
- Ability to anticipate customer needs and respond efficiently, showcasing strength in building positive relationships with clients.
- Recognizes and demonstrates the ability to exploit new business avenues, generating additional flow for the unit beyond his remit.
- Strong team player with the ability to communicate important news to the room/network.
- Adaptable to change, supports new desk initiatives, and promotes new ways of working with a confident and approachable nature.
- Mastery of key financial and commercial performance indicators of the strategic business unit.
- Awareness in developing new products that could increase revenue and keep the organization at the forefront of market changes.
Preferred / Beneficial
- Experience trading other commodity assets such as emissions is beneficial.
- Preference for candidates with a proven track record in managing risk in oil, products, natural gas, and carbon.
- Quantitative skills and ideally coding experience in Python or a similar language.
