Crude Oil Derivatives Trader
About the company: We are one of the largest integrated energy companies in the world, operating in the sectors of oil and gas exploration production, international gas transportation and marketing, power generation, refining and marketing, chemicals and oilfield services.
Job Title: Derivatives Crude Trader
Location: Singapore
Main Job Function
- Identifying and developing new business opportunities within the market arena
- Providing management with input, for the consideration of new marketing strategies
- Presenting a personal view and contribute to the decision making process
- Trading crude oil originating from the assigned geographical area
- Developing and maintaining relationships with various counterparties
- Liaising closely with the physical traders based in Houston and Singapore and with the derivative desk in London
- Arbitraging cargoes from different geographical areas and different time frames (storage in tank farms or on vessels)
- Ensuring appropriate hedging and risk management is carried out by choosing the appropriate hedging instrument (OTC’s, futures) and timing
- Must have a proven experience on the product/market requested (ie. Ural)
- Identifying and developing new business opportunities within the market arena
- Providing management with input, for the consideration of new marketing strategies
- Presenting a personal view and contribute to the decision making process
- Trading crude oil originating from the assigned geographical area
- Developing and maintaining relationships with various counterparties
- Liaising closely with the physical traders based in Houston and Singapore and with the derivative desk in London
- Arbitraging cargoes from different geographical areas and different time frames (storage in tank farms or on vessels)
- Ensuring appropriate hedging and risk management is carried out by choosing the appropriate hedging instrument (OTC’s,futures) and timing
- Elaborate trading strategies and set up a control system in collaboration with middle office department
Candidate Specification
- Degree from a leading university, PhD, MS a plus,in Mathematics, Statistics, Physics, Economics, Econometrics, Finance or Computer Science.
- Manage the execution of the derivatives for Crude Oil desk and contribute to the elaboration of trading strategies necessary to the desk to achieve its targets.
- Knowledge of and experience in derivatives trading.
- Knowledge of trading futures, swaps and even Forex will be ideal.
- Quantitative and analytical understanding of arbitrage strategy and how it impacts the business model of a Company.
- Knowledge of a wide range of oil oil products trading instruments.
- Strong analytical experience, specifically use of trading-specific systems, IT tools and electronic platform.
- Experience real-time and low latency systems.
- Analysis and modelling of data. Formally evaluating, back testing trading strategies and model optimisation.
- Experience with development of one or more of the medium/high frequency statistical arbitrage trading strategies (e.g.mean reversion, analyst revisions, volume momentum, pairs, etc.)
- Knowledge of management techniques for non-market related risks such as credit, liquidity and operational.
- Knowledge of typical risk management methodologies e.g.VaR and stress testing analysis.
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