Experienced Oil Derivatives Trader for Bunker Holding Group Singapore

USTC Group; Singapore; On-site; SGD 120,000 - 240,000; Full time

Job summary

Bunker Holding Group, via its subsidiary Fueling Maritime Asia Pte. Ltd., is seeking an Oil Derivatives Trader to join a global trading desk in Singapore.

You will trade oil products, biofuels, carbon, power and natural gas, developing pricing and hedging strategies with access to an extensive client base. The ideal candidate has 3-5 years’ experience trading commodity derivatives with P&L responsibility, strong risk discipline, and solid knowledge of oil markets and trading systems.

Qualifications

• 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.

Responsibilities

• 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.

Skills

Trading experience

Risk management

Independent work

Team player

Financial derivatives knowledge

Tools

Trading platforms

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 anda n 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 areexpected to bestructured and proactive in your daily work. Youare expected topossibly 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.

We offer an attractive and market competitive remuneration package.

If the above sounds like something, you would thrive in – then come join us.

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