Derivatives Oil Trader - London, United Kingdom - Insight

Description

Job Description

Oil Derivatives Trader

LOCATION: London OR Dubai OR USA

Up to £200,000 + Bonus

This exciting opportunity is working with a management investment company with global operations, they specialize in trading various financial instruments, including derivatives in the oil market.

Role

The Oil Trader (Derivatives) will play a pivotal role in executing and managing derivatives trading activities in the oil market. Operating within a fast-paced and competitive environment, the trader will utilize their expertise to capitalize on market opportunities, manage risks, and deliver profitable outcomes for the company.

Key Responsibilities:

Derivatives Trading:

• Execute trades in oil derivatives markets, including futures, options, and swaps.
• Develop and implement trading strategies to capitalize on market trends and arbitrage opportunities.
• Monitor market conditions and news events to make informed trading decisions.
• Manage positions and exposure effectively to optimize risk-adjusted returns.

Market Analysis:

• Conduct thorough market analysis to identify trading opportunities and assess risk factors.
• Stay informed about geopolitical developments, supply-demand dynamics, and regulatory changes affecting the oil market.
• Utilize quantitative models and tools to evaluate market trends and forecast price movements.

Risk Management:

• Implement risk management strategies to mitigate market, credit, and operational risks.
• Monitor and analyse portfolio performance, P&L, and risk metrics.
• Adhere to risk limits and compliance guidelines set by the company and regulatory authorities.

Relationship Management:

• Build and maintain relationships with counterparties, brokers, and other market participants.
• Collaborate with internal teams, including research, operations, and compliance, to ensure smooth execution of trades and adherence to policies.

Reporting and Documentation:

• Maintain accurate records of trades, positions, and transactions.
• Prepare daily, weekly, and monthly reports on trading activities, P&L, and risk exposure.
• Ensure compliance with regulatory reporting requirements and internal audit standards.

Qualifications and Skills:

• Bachelor's degree in finance, economics, mathematics, or a related field. Advanced degree or CFA/FRM designation is a plus.
• Proven experience in derivatives trading, preferably in the oil market, with a track record of success.
• Strong analytical skills and quantitative abilities, including proficiency in Excel, VBA, and statistical software.
• Excellent understanding of derivatives pricing models, risk management techniques, and trading strategies.
• Knowledge of global energy markets, including supply chains, refining operations, and trading infrastructure.
• Ability to thrive in a fast-paced environment, with a high level of adaptability and resilience.
• Effective communication and interpersonal skills, with the ability to collaborate across teams and build relationships with external partners.

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