Commodity Options Trader - Global Hedge Fund

Venture Search; Dubai; On-site; AED 180,000 - 280,000; Full time

Job summary

Venture Search is seeking a seasoned Commodity Options Trader for its Dubai office. The role focuses on oil and metals options, with exposure to both sell-side and hedge fund environments. You will report to the Head of Commodities in Dubai and help scale the desk in the near term.

The ideal candidate has a proven track record in commodity options, solid pricing knowledge, and willingness to relocate to the UAE. Fluent English and familiarity with derivatives markets are essential.

Qualifications

• Proven track record in commodity options trading.
• Strong knowledge of pricing models and Greeks.
• Experience with oil/metals and cross-commodity strategies.
• Willingness to relocate to UAE.
• Fluent English.

Responsibilities

• Develop and execute commodity options trading strategies across markets.
• Identify opportunities in implied volatility, realised volatility, volatility skew, term structure and cross-commodity relative value.
• Trade vanilla and exotic options, including calls, puts, spreads, straddles, strangles, risk reversals and other volatility-based structures.
• Analyse commodity supply and demand fundamentals, market positioning, inventory data, seasonality, weather patterns and macroeconomic developments.
• Develop pricing, hedging and risk management frameworks for complex options portfolios.
• Monitor market liquidity, volatility regimes and changing market dynamics to identify mispricing and trading opportunities.
• Manage counterparty exposure and execute trades across exchanges, brokers and OTC markets.
• Contribute to the development of the desk's trading infrastructure, risk frameworks and broader commercial strategy.
• Maintain disciplined risk management, ensuring positions remain within agreed limits and deliver attractive risk-adjusted returns.

Skills

Commodity options trading

Options pricing

Volatility trading

Risk management

Market analysis

Job description

Commodity Options Trader - Global 4bn Hedge Fund

Location - Dubai, UAE

A leading global multi-manager Hedge Fund is looking to add a Commodity Options Trader to their rapidly expanding UAE office. The role will sit within the greater Commodities business, but ideally focus on Oil and Metals options Trading.

The group are willing to look at experienced traders from either the sell-side (with demonstrable position taking experience) OR from another Hedge Fund or Investment Manager. The role will report directly into the Head of Commodities, who also sits in Dubai, with ample opportunity to further expand the team in the near future.

Key Responsibilities

• Develop and execute commodity options trading strategies across relevant markets, including oil, metals or agricultural commodities.
• Identify opportunities in implied volatility, realised volatility, volatility skew, term structure and cross-commodity relative value.
• Trade vanilla and exotic options, including calls, puts, spreads, straddles, strangles, risk reversals and other volatility-based structures.
• Analyse commodity supply and demand fundamentals, market positioning, inventory data, seasonality, weather patterns and macroeconomic developments.
• Develop pricing, hedging and risk management frameworks for complex options portfolios.
• Monitor market liquidity, volatility regimes and changing market dynamics to identify mispricing and trading opportunities.
• Manage counterparty exposure and execute trades across exchanges, brokers and OTC markets.
• Contribute to the development of the desk's trading infrastructure, risk frameworks and broader commercial strategy.
• Maintain disciplined risk management, ensuring positions remain within agreed limits and deliver attractive risk-adjusted returns.

Ideal Candidates

• Proven track record within the Commodity Options Trading space
• Strong understanding of options pricing, volatility surfaces, Greeks, hedging methodologies and derivatives valuation.
• Located in the UAE or willing to relocate
• Fluent English speaking
• Familiarity with exchange-traded derivatives, OTC structures, clearing arrangements and counterparty risk.