Experienced Oil Derivatives Trader for Bunker Holding Group Singapore

Bunker Holding A/S; Strib; On-site; DKK 605,000 - 908,000; Full time

Job summary

Bunker Holding A/S is seeking an Oil Derivatives Trader to join an established global trading desk based in Singapore. You will trade oil products, biofuels, carbon, power and natural gas, with access to physical assets and a broad client base.

The role requires 3-5 years of commodity derivatives experience with P&L responsibility, strong risk management skills, and the ability to work independently in a fast-paced, international environment.

Qualifications

• 3-5 years’ experience trading commodity derivatives with a P&L responsibility.
• Sound understanding of oil and oil products; knowledge of biofuels a plus.
• Disciplined approach to managing risk.
• Excellent understanding of trading systems, exchange rules and OTC markets.
• Ability to work independently.

Responsibilities

• Implement effective pricing and hedging strategies to optimize client transactions.
• Develop and execute profitable trading strategies while managing risk across flows.
• Carry out daily desk tasks, including marking forward curves and providing market updates.
• Share market intelligence and tactical approaches with the trading team.

Skills

Commodity derivatives trading

Risk management

Independent work

Education

Bachelor's degree in a relevant field

Tools

Trading systems

Job description

An established company with consistent growth

Bunker Holding Group is a leading provider of fuel for the shipping industry and offer clients customised price risk hedging solutions in the Energy space. As a wholly owned subsidiary of United Shipping and Trading Company (USTC), a worldwide conglomerate specialising in oil and biofuel supply and trading, shipping and logistics, risk management, IT and other services.

Bunker Holding Group offer clients access to the Energy markets via OTC Bilateral credit facilities to effectively manage their price exposures. Energy products include financial derivatives of crude oil and refined products, gas, carbon, biofuels, coal, freight and power markets. Headquartered in Middelfart, Denmark with offices in Copenhagen and Singapore and presence in Houston.

The local employer for the role will be the group company Fueling Maritime (Asia) Pte. Ltd.

Your key responsibilities

As an Oil Derivatives Trader you will join an experienced and established global trading desk, within an international company, with access to physical assets and an extensive client base. Based in Singapore along with the local Sales team, you will become part of a truly global workplace that services its clients and physical asset base by trading oil products, biofuels, carbon, power and natural gas.

Your responsibilities in this role will include:

• Implement effective pricing and hedging strategies to optimize client transactions and drive franchise growth.
• Develop and execute profitable trading strategies, carefully managing position size and risk across both proprietary and client deal flows.
• Carry out daily desk tasks, including marking forward curves, providing market updates and engaging with sales colleagues.
• Share market intelligence and tactical approaches, contributing to the collective knowledge and strategic direction of the trading team.
• Assist in risk management of global trading books that include oil & gas and biofuels during Asian hours.

An experienced trader and a team player

As a person, you are expected to be structured and proactive in your daily work. You are expected to possess a proven understanding of risk and enjoy being part of a diverse sales and trading team. Furthermore, we expect you to have:

• 3-5 years’ experience trading commodity derivatives, with a P&L responsibility, at a Bank/Financial institution or physical trading house.
• Sound understanding of oil and oil products is essential, with knowledge of biofuels and transition fuels an advantage.
• A disciplined approach to managing risk.
• Excellent understanding of trading systems, exchange rules and OTC markets.
• Thorough understanding of financial derivatives’ risks, regulations, and product specific trading rules.
• Ability to work independently.

In case you have questions about the position, please reach out to Managing Director Akshay Balsaver via LinkedIn Akshay Balsaver | LinkedIn

We are already looking forward to hearing from you.

Bunker Holding Group and the Danish based subsidiary Global Risk Management is a leading provider of hedging solutions for the management of price risk on energy. Combining in-depth knowledge of the energy market, finance, and transport, clients are helped to protect their margins from the risk posed by notoriously volatile energy prices. A large part of the clients operates within the shipping industry, but also airline companies, oil suppliers and industry clients make extensive use of Global Risk Management’s expertise.

Global Risk Management is part of the Danish, family-owned United Shipping & Trading Company (USTC). USTC holds activities in oil & energy, ship owning, shipping & door-to-door logistics, risk management, car activities, IT and sustainable energy and is present in 38 countries with more than 4,500 employees.

Department: Strandvejen 5 5500 Middelfart

Location: Singapore