Cross Commodity Trader (Prop)

  • Permanent
  • London
  • This position has been filled

Imperium Commodity Search

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Imperium Commodity Search continues to work on specialist mandates in this market and across international commodity trading, brokerage and shipping.

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Title: Derivatives Cross Energy (Oil/Products) Trader (Proprietary/Prop Trading)
Contract type: Permanent
Location: London, UK
Salary: in region of 150,000GBP
Retained & Exclusive Vacancy

Imperium Commodity Search is retained by an international oil & energy trading house with physical business across Europe in both crude and products/distillates.  Having increased profits consistently on the physical business in previous years, the company is expanding its prop trading function and utilising a growing capital base to generate returns on prop trading carbon, emissions and more recently LNG.  To continue this impressive growth trajectory, our client is seeking an experienced crude/products cross commodity trader.

Prop specific details:

  • Starting DVAR of c. 250,000USD
  • Scalable DVAR over profitable trading year up to 500,000-1MM USD
  • Target returns 5-10x DVAR

Responsibilities:

  • Establish the cross commodity (oil crude & products/distillates) prop trading desk within the derivatives segment of the trading house
  • Build the cross-energy oil portfolio and increase PnL over a scaleable dairly VAR limit
  • Constantly monitor market analysis, risk and geopolitical events; staying on top of swings and movements in the derivative crude oil and distillates markets
  • Apply quant strategies and developed research to formulate trading decisions, utilising VAR efficiently to maximise profits
  • Work with the physical team to identify prop/derivative trading opportunity in the oil crude and products markets
  • Maximise returns through smart position taking, incrementally increasing VAR limits through maturity stages of the cross commodity trading book

Experience:

  • 3+ years of experience trading crude oil and products
  • 5+ years of experience in proprietary/derivative/flow trading in the energy space
  • Excellent mathematical understanding with the ability to apply curves and real world data to trading crude, oil and products/distillates
  • Good knowledge and understanding of the global oil landscape
  • Quant experience
  • Desire to grow a desk from scratch in a well financed and organically growing trading business
  • Able to relocate, or located in London

To arrange an in-confidence discussion with the managing consultants on this account, please contact either Josh Clark or Mark Taylor:
josh.clark@imperiumcs.com
mark.taylor@imperiumcs.com
+44 (0) 203 927 5090

If you wish to apply for this vacancy, please apply using the form below.