Associate, Commodity Swaps Trader, Commodities

CLSA; Hong Kong; On-site; HKD 1,000,000 - 1,800,000; Full time

Job summary

CLSA in Hong Kong seeks an experienced commodities trader to lead client engagement and execution of OTC swaps across energy and metals markets. You will collaborate with quant and technology teams to design, test, and optimize pricing and risk systems, while monitoring macro trends to inform hedging strategies.

Strong communication with institutional clients is essential. Applicants should hold a Master’s degree and have at least three years in commodity derivatives trading or related

Qualifications

• Masterachelor's degree or higher in Finance, Economics, Engineering, Mathematics or related quantitative discipline.
• Minimum 3 years of experience in commodity derivatives trading, OTC swaps structuring, or client-facing commodity risk management.
• FRM/CFA or regulatory credentials advantageous.

Responsibilities

• Cultivate and maintain institutional client relationships to identify OTC swaps opportunities.
• Price and execute OTC commodity swaps and basis swaps, optimizing client execution.
• Collaborate with quant/tech teams to design and optimize pricing and risk systems.
• Monitor macroeconomic trends to inform hedging strategies and position-taking.
• Collaborate with traders to manage exposure, hedging and P&L volatility.
• Design bespoke swaps for clients (e.g., index-linked hedges, crack spreads).
• Ensure trades comply with ISDA, Dodd-Frank/EMIR and internal policies.
• Partner with physical traders, research and operations to enhance client strategies.
• Develop tailored swap solutions for complex client needs.

Skills

OTC derivatives

Client relations

Quantitative analysis

Energy markets

Risk management

English fluency

Cantonese

Education

Master’s degree+ in quantitative field

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