Managing Director, Oil Trading - Derivatives

Confidential; Houston (TX); On-site; USD 150,000 - 250,000; Full time

Benefits offered by this job

Market-leading performance-based bonus incentives

Attractive AUM and VAR allocation

Transparent and realistic drawdowns

Job summary

An international commodity trading firm is looking for an experienced Portfolio Manager and Lead Oil Trader to manage oil trading strategies and portfolio construction. Candidates should have over 10 years of experience in the oil trading sector, demonstrating strong analytical and risk management skills. This role offers market-leading performance-based bonuses and the chance to work in a dynamic trading environment.

Qualifications

• 10-15+ years of experience within a dynamic oil trading environment.
• Ability to demonstrate keen portfolio risk and operational awareness.
• Outstanding analytical skills to function efficiently in a fast-paced environment.

Responsibilities

• Monitor portfolio risk.
• Develop and execute actionable speculative trading strategies.
• Collaborate with analysts and junior trading members.

Skills

Portfolio management

Risk management

Analytical skills

Trading strategies

Job description

Overview

An international commodity trading firm is seeking an experienced Portfolio Manager and Lead Oil Trader.

Candidates with a background in derivatives trading with prop P&L ranging $20-50m+ are encouraged to apply. Candidates with a strong physical trading background, coupled with significant prop trading P&L, are also of interest for a different physical platform buildout.

This opportunity provides:

• Market-leading performance-based bonus incentives
• Attractive AUM and VAR allocation
• Transparent and realistic drawdowns
• Established platform and commodities franchise

About the Role

The PM will be tasked with portfolio construction for the oil trading desk. Candidates are expected to demonstrate a market-leading track record in speculative discretionary P&L generation. Develop and execute actionable speculative trading commodity strategies where you will be responsible for portfolio construction, risk management, trading strategy, etc. Work closely with colleagues to devise and execute strategies, including collaboration with fundamental analysts, scheduling & operations, middle office, and junior trading members. Monitor portfolio risk.

Responsibilities

• 10-15+ years of experience within a dynamic oil trading environment, including hedge fund, trading house, or similar.
• Ability to demonstrate keen portfolio risk and operational awareness
• Outstanding analytical skills with a proven ability to function efficiently and problem-solve in a fast-paced and time-critical environment
• Strong analytical and organizational skills

Seniority level

• Director

Employment type

• Full-time

Job function

• Other

Industries

• Oil and Gas and Financial Services