Associate, Commodity Swaps Trader, Commodities

CITIC Securities International; Hong Kong; On-site; HKD 900,000 - 1,300,000; Full time

Job summary

CITIC Securities International is seeking a trader/sales professional in Hong Kong to lead OTC commodity swaps engagements with institutional clients. You will price, execute, and optimize swaps across energy, base metals, and agriculture, while collaborating with quant and technology teams to enhance pricing and risk systems.

The role requires a minimum of 3 years in commodity derivatives trading or client-facing risk management, with strong quantitative skills and English fluency.

Qualifications

• Minimum 3 years of commodity derivatives trading or OTC swaps experience.
• Master’s degree or above in Finance/Economics/Engineering/Math.
• Strong analytical and client-serving skills; thrive in fast-paced trading.
• Fluent English; Cantonese would be a plus.
• FRM, CFA or regulatory credentials advantageous.

Responsibilities

• Cultivate and maintain relationships with institutional clients.
• Price and execute OTC commodity swaps and basis swaps.
• Collaborate with quant/technology teams to optimize trading platforms.
• Monitor macro trends and volatility to guide hedging strategies.
• Collaborate with traders on risk management and compliance.
• Design bespoke swap solutions for client needs.
• Work with cross-desk teams to improve post-trade efficiency.

Skills

Quantitative analysis

Client engagement

Risk management

Cross-functional teamwork

English proficiency

Education

Master's or higher in Finance/Economics/Engineering/Math

Job description

Key Areas of Responsibilities

• Client Engagement: Cultivate and maintain relationships with institutional clients (hedge funds, asset managers, corporates) to identify OTC swaps trading opportunities
• Trade Execution: Price and execute OTC commodity swaps (e.g., crude oil, natural gas, base metals, agriculturals) and basis swaps, optimizing execution for clients
• Trading System Optimization: Collaborate with quant and technology teams to design, test, and optimize client trading platforms and internal pricing/risk systems for enhanced efficiency and accuracy
• Market Analysis: Monitor macroeconomic trends, central bank policies, and volatility shifts to manage position-taking strategies and hedging solutions
• Risk Oversight: Collaborate with traders to manage exposure, including position hedging, credit risk, and P&L volatility
• Structured Solutions: Design bespoke swaps for clients (e.g., index-linked hedges, crack spread structures, cross-commodity trades)
• Regulatory Compliance: Ensure all trades adhere to ISDA protocols, Dodd-Frank/EMIR regulations, and internal compliance policies.
• Cross-Desk Collaboration: Partner with physical traders, research, and operations to enhance client strategies and post-trade efficiency
• Innovation: Develop tailored swap solutions for complex client needs (e.g., QIS Strategy Index construction, Embedded Optionality in physical trade structure)

Requirements

• Master’s degree or above in Finance, Economics, Engineering, Mathematics, or a related quantitative discipline
• Minimum 3 years of relevant experience in commodity derivatives trading/sales, OTC swaps structuring, or client-facing commodity risk management
• Candidates with less experience will be considered as a junior Trader position
• Extensive knowledge in commodity physical markets and OTC derivatives trading business is preferred
• In-depth understanding of energy (crude, natural gas), metals (base/precious), or agricultural commodity markets would be an advantage
• Strong analytical, quantitative, interpersonal, and client-serving skills; ability to thrive in fast-paced trading environments
• Proactive mindset, attention to detail, and ability to work independently while collaborating as a team player
• Excellent command of English (both spoken and written); fluency in Cantonese is a plus
• Certified as FRM, CFA, or licensed with relevant regulatory credential is advantageous