Senior Oil Trader

Sizeable commodities trading firm that trades energy products in more than 20 countries and is active on 13 energy exchanges is looking to hire an experienced Oil Trader to join its highly profitable proprietary trading team.

The team is small, highly talented, and known for its innovative and data-driven approach, and it’s team members are expected to have strong analytical and problem-solving skills, as well as a passion for renewable energy.

The successful candidate will be a seasoned Quant or fundamental Oil with a proven track record of developing trading strategies (ideally generating 7-10m in PnL) in the oil market as well as deep understanding of the oil paper flow and the participants in these markets.

What you’ll be doing:

• Strategy Development: Develop and implement trading strategies to maximize profitability.
• Position Management: Monitor, manage, and optimize trading positions, ensuring alignment with risk management protocols.
• Risk Management: Build and maintain proprietary risk metrics for sizeable positions; dynamically handle positions in an evolving market.
• Market Analysis: Conduct thorough analysis of market trends, geopolitical events, and economic data to inform trading decisions.
• Collaboration: Work closely with internal teams to resolve trading book issues promptly and effectively.
• Communication: Share market intelligence and insights with the trading desk, fostering an open and informative dialogue.
• Execution: Demonstrate agility and precision in executing trades, understanding the urgency and impact on the market.

What we’re looking for:

• Bachelor’s degree in Finance, Economics, Engineering, or related field; advanced degree preferred.
• Minimum 6 years of experience in oil trading, with a strong focus on quantitative and fundamental analysis.
• Proficiency in using advanced analytical tools and software for market analysis and strategy development.
• Deep understanding of oil paper flow, derivatives, and physical trading mechanisms.
• Expertise in constructing and managing risk metrics, including Value at Risk (VaR) and scenario analysis.
• In-depth knowledge of global oil markets, including key players, regulatory environments, and trading platforms.
• Excellent communication skills, with the ability to articulate complex market dynamics and strategies to diverse stakeholders.

This is a full-time position based in London. Occasional home working is possible, however this is predominantly an in-office position.

Compensation is highly competitive and contingent on experience.