Associate, Commodity Swaps Trader, Commodities

CLSA; Hong Kong; On-site; HKD 900,000 - 1,350,000; Full time

Job summary

CLSA is seeking a senior commodity derivatives professional to own client relationships and manage OTC swaps opportunities in a fast-paced Hong Kong environment.

You will price and execute swaps, collaborate with quant/tech teams on pricing and risk systems, and coordinate with traders on hedging strategies and post-trade processes.

Qualifications

• Master’s degree or above in a quantitative field.
• Minimum 3 years in commodity derivatives trading, OTC swaps, or risk management.
• Strong analytical and client-facing skills; able to work in a fast-paced trading environment.
• Excellent English; Cantonese preferred.

Responsibilities

• Cultivate and maintain relationships with institutional clients to identify OTC swaps opportunities.
• Price and execute OTC commodity swaps and basis swaps, optimizing execution for clients.
• Collaborate with quant/tech teams to design and optimize trading platforms and pricing/risk systems.
• Monitor macro trends and volatility to manage hedging and position-taking strategies.
• Collaborate with traders on exposure management, including hedging and P&L volatility.
• Design bespoke swaps for clients (e.g., index-linked hedges, cross‑commodity trades).
• Ensure trades adhere to ISDA protocols and regulatory requirements.
• Partner with physical traders, research, and operations to enhance client strategies and post-trade efficiency.
• Develop tailored swap solutions for complex client needs.

Skills

Commodity trading

OTC swaps

Client relationship management

Quantitative analysis

English fluency

Cantonese desirable

Education

Master's degree in Finance/Economics/Engineering/Math

Tools

Pricing/risk systems

Trading platforms

Job description

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