Summary
The Commodity trading desk is providing commodity hedges and risk management solutions. The desk covers a wide product range, covering Energy, Base and Precious Metals, Carbon and Agriculture; the role is for 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;
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 and monitor the risks in the global commodity book;
- Be accountable for the risk levels and limits set by desk head and be responsible for adding revenue streams to Commodities;
- Have continuous interaction with sales on trading/hedging ideas;
- Work closely with the sales team creating solutions;
- Work with other international FAB centers capturing flow and pricing for new additional local customers business;
- Continually interface with desk head to ensure trading positions are reported daily, and the long-term requirement of FAB remains the target;
- Maintain and enhance market counterparty and customer perception of FAB as the number one institution for local banks and corporates to handle their commodity business hedging requirements.
REQUIREMENTS / QUALIFICATIONS
- Minimum 7 years’ experience in option trading with specifically strong experience in Options Oil & Derivatives or Carbon & Gas;
- A university degree combined 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;
- Anticipates customer needs and responds to requirements in a timely and efficient manner. Show's strength in building positive relationships with existing and new clients;
- Recognizes and demonstrates the ability to exploit new business avenues, generating additional flow for the unit up and beyond his remit;
- As a strong team player would show the ability to distribute important news to the room/network;
- Adapts to change and supports any new desk initiatives. Promotes new ways of working and remains of a confident and approachable nature;
- Has a comprehensive mastery of the key financial and commercial performance indicators of the strategic business unit;
- Shows great awareness in developing new products that have the potential to increase revenue and keep the bank at the forefront of changes.
Preferred / Beneficial
- Experience trading other commodity assets such as emissions would be beneficial
- Preference for candidates with a proven track record in running risk in oil, products, natural gas and carbon;
- Quantitative skills and ideally have coding experience in Python or a similar language
