Oil Portfolio Manager - Global Hedge Fund

Selby Jennings; Greater London; On-site; GBP 250,000 - 500,000; Full time

Job summary

Selby Jennings is recruiting an experienced Oil Portfolio Manager for a hedge fund with a commodities platform. Based in London, Dubai, or another major European hub, you will manage crude oil and related products trading strategies.

You will own risk, P&L, and build scalable, liquid strategies, working with a deep capital base and infrastructure. A strong track record in oil markets and independent idea generation are essential.

Qualifications

• Strong track record trading oil across crude and refined products.
• Ability to identify opportunities across outright markets, curves, spreads and derivatives.
• Knowledge of physical balances, inventories, logistics and refinery economics.
• Independent idea generation and genuine ownership of risk.
• Clear approach to position sizing and portfolio construction and drawdown management.

Responsibilities

• Trade oil and related products with a strong track record of profitability.
• Own risk and P&L for the oil portfolio.
• Identify opportunities across markets, curves, spreads and derivatives.
• Explain where returns have come from across different market conditions.
• Scale strategies with additional capital and maintain liquidity.

Skills

Oil trading

P&L ownership

Risk management

Market analysis

Strategy development

Job description

An established hedge fund is looking to add an experienced Oil Portfolio Manager to its existing commodities business in London, Dubai, or another major European hub.

The fund is open to a range of trading approaches across crude oil and related products. This could include directional, relative-value, spread or volatility-focused strategies. The key requirement is a strong track record, clear ownership of risk and an investment process that can translate well into a hedge fund environment.

The opportunity could suit an existing Oil PM or a senior trader from a bank, major, trading house or proprietary firm who can demonstrate independently generated P&L.

What they are looking for

• A strong and clearly attributable track record trading oil
• Experience across crude oil and potentially refined products
• An ability to identify opportunities across outright markets, curves, spreads and derivatives
• Strong knowledge of physical balances, inventories, logistics and refinery economics
• Independent idea generation and genuine ownership of risk
• A clear approach to position sizing, portfolio construction and drawdown management
• A liquid and repeatable strategy that can scale with additional capital
• The ability to explain where returns have come from across different market conditions

The PM will join an established commodities platform with strong infrastructure, meaningful capital and an existing base of investment expertise.

• competitive P&L-linked compensation, with scope to grow the allocation based on performance.

The position can be based in London, Dubai or another major European hub.

All conversations will be handled confidentially.