Derivatives Trader Derivatives Trader …

Michael Page
in Singapore
Permanent, Full time
Last application, 25 Sep 20
Negotiable
Michael Page
in Singapore
Permanent, Full time
Last application, 25 Sep 20
Negotiable
Client is looking for a derivatives trader to trade across the barrels from crude to products for hedging purposes.

Client is a well-established petroleum MNC which specialises in the oil, natural gas and energy industry.

Description

Key responsibilities include:

  • Performing complex and impactful derivatives trades with a relevant responsibility level, for hedging purposes, following HQ's guidelines and according to joint operational planning and approval from the company's physical trading managers;
  • Perform market analysis (quantitative, qualitative and technical) of crude oil, gasoline, naphtha, distillates, jet, propane, butane, fuel oil, LNG and freight in Asia and Global markets and prepare market reports on daily, weekly and monthly basis for internal use;
  • Analyze the exposure to price risk of the physical and derivatives portfolio, propose and implement actions to adequate such exposure to approved limits and trading strategies;
  • Negotiate derivatives instruments of crude oil, gasoline, naphtha, distillates, jet, propane, butane, fuel oil, LNG and freight, mostly in Asian markets, but also in global market, both OTC (Over the Counter) and/or exchange cleared contracts;
  • Identify trading opportunities related to the company's physical portfolio, present and obtain approval for them, negotiate and execute trades up to pre-defined limits and risks parameters involving diversified third parties;
  • Assist the company in derivatives related matters and price information, such as margin requirement controls, accounting support documentation, invoicing process, derivatives regulatory legislation, etc;
  • Provide training and support on the CTRM system;
  • Support the company management on matters related to regulatory agencies and exchanges (CFTC, Dodd Frank, Emir, MAS, NYMEX, ICE, etc).
  • Provide internally recognized technical and analytical skills acting as technical reference for all levels within the company.
  • Actively contribute to the improvement of work practices, company's policies and training programs to the department and related areas.

Profile

Requirements:

  • At least 4 years in performing the activities as indicated in the job description
  • At least 4 years in negotiating Oil derivatives (Fuel Oil, Crude, LPG, Gasoline, Naphtha, Distillates), both on OTC and exchange cleared markets, in large oil company or large bank;
  • Possess analytical skills and proven experience in both technical and fundamental analysis
  • Experience in CTRM systems, preferably on Commodities XL;
  • Advanced skills in MS Excel (desirable VB/macro skills);
  • Knowledge in Bloomberg or Reuters terminals, and electronic trading platforms;

Job Offer

Attractive remuneration package

To apply online please click the 'Apply' button below. For a confidential discussion about this role please contact Shiya Guan on +65 6416 9859

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