Oil Options Trader

Enervest FZCO; Genf; On-site; CHF 140,000 - 240,000; Full time

Benefits offered by this job

Visa sponsorship

Job summary

Enervest FZCO in Geneva (on site) is seeking an experienced oil options trader to lead an options book on Brent and WTI, with scope to extend into products and crack-related structures. You will own the P&L, build views, and structure trades with discipline.

This is a risk-taking role requiring deep volatility insight, strong communication, and the ability to work on site in Geneva or Dubai, with visa sponsorship available.

Qualifications

• 5+ years trading oil options with real risk and a P&L track record you can detail.
• Deep knowledge of options pricing, Greeks and energy volatility dynamics.
• Hands-on experience with ICE and CME/NYMEX oil contracts: expiries, settlement, liquidity.
• Disciplined on risk: sizing, limits, and clear explanation of positions.
• Strong Excel; Python or similar for pricing and P&L analysis.
• Clear communicator who can explain a trade and risk to non-specialists.
• Able to work on site in Dubai or Geneva; visa sponsorship available.

Responsibilities

• Trade listed oil options on ICE and CME/NYMEX, outright and against futures, within risk limits.
• Build and maintain a view on implied vs realised vol, skew, term structure and event risk.
• Structure trades: spreads, flies, ratios, calendars, delta-hedged vol positions.
• Manage the book's Greeks intraday and run the futures hedging programme.
• Own daily P&L attribution and work with risk on limits, stress tests and VaR.
• Contribute to desk pricing tools and vol surfaces as we build out in-house systems.

Skills

Oil options trading

Risk management

Volatility analysis

Python

Excel

Tools

ICE

CME/NYMEX

Pricing models

Job description

You will run an options book on Brent and WTI, with scope to extend into products and crack-related structures. The book is yours: you build the views, structure the trades, manage the Greeks and own the P&L.

This is a risk-taking seat, not market-making or sales. We want someone with a view on volatility, skew and term structure who runs it with discipline.

Location: Dubai, UAE or Geneva, Switzerland (on site)

Type: Full time

Reports to: Managing Director

What you'll do

• Trade listed oil options on ICE and CME/NYMEX, outright and against futures, within agreed risk limits
• Build and maintain a view on implied vs. realised vol, skew, term structure and event risk
• Structure trades to express it: spreads, flies, ratios, calendars, delta-hedged vol positions
• Manage the book's Greeks intraday and run the futures hedging programme
• Own daily P&L attribution - direction, vol, decay, hedging - and work with risk on limits, stress tests and VaR
• Contribute to desk pricing tools and vol surfaces as we build out in-house systems

What we're looking for

• 5+ years trading oil options with real risk - trading house, bank, hedge fund or prop firm - and a P&L track record you can walk through in detail
• Deep working knowledge of options pricing, Greeks and volatility dynamics in the energy complex
• Hands-on experience with ICE and CME/NYMEX oil contracts: expiries, settlement mechanics, liquidity
• Disciplined on risk: proper sizing, respect for limits, and the ability to explain every position on the book
• Strong Excel; Python or similar for pricing and P&L analysis is a strong plus
• Clear communicator who can explain a trade and its risk in two minutes to a non-specialist
• Able to work on site in Dubai or Geneva; visa sponsorship available