Distillates Trader

Full Description

Distillates Trader

Insight  London Area, United Kingdom (On-site)

Energy Distillates Derivatives Trader x 2

Salary: £100,000 – £200,000 – up to 35% of PnL

Location: both companies are based in London

Employment Type: Full-Time

Role Overview:

We are seeking two experienced Traders to work within our Commodity Hedgefund/Asset Management Clients. The role will be working within the energy derivatives trading activities. The ideal candidate will have a proven track record of success in trading oil, gas, power, and related energy products.

Key Responsibilities:

• Trade Execution: Manage the execution of large-scale derivative trades, including futures, options, and swaps, across oil, gas, power, and other commodity markets.
• Strategy Development: Lead the creation and refinement of proprietary trading strategies, combining market insights, quantitative analysis, and risk management principles to optimise performance.
• Portfolio Management: Oversee a significant portfolio, balancing risk and return while adhering to predefined risk limits and ensuring effective capital allocation.
• Market Monitoring: Continuously monitor global energy markets, identifying opportunities based on price movements, supply and demand fundamentals, and macroeconomic trends.
• Leadership: Provide direction and mentorship to junior traders, fostering their development and ensuring alignment with the desk’s trading philosophy.
• Risk Management: Collaborate with the risk management team to evaluate portfolio exposures, implement risk mitigation strategies, and ensure compliance with internal risk parameters.
• Client Interaction: Engage with external clients and counterparties, providing market insights, discussing trade ideas, and building strong professional relationships.
• Reporting: Produce detailed reports on trade performance, market activity, and risk metrics for senior management and internal stakeholders.

Candidate Profile:

• Education: Bachelor’s degree in Finance, Economics, Engineering, or a quantitative field. A Master’s degree or CFA/FRM qualification is preferred.
• Experience: 2+ years of experience in trading energy derivatives (oil, gas, power) with a demonstrable track record of success in generating profit.
• Skills & Competencies:
• Expertise in energy derivatives markets, including oil, gas, power futures, options, and swaps.
• Strong quantitative and analytical skills, with experience in developing and executing trading strategies.
• Advanced proficiency in trading platforms (ICE, CME, Bloomberg, Reuters) and familiarity with data analysis tools such as Python, R, SQL, or VBA.
• Excellent risk management acumen, with the ability to balance aggressive trading with prudent risk controls.
• Strong interpersonal and communication skills for leading teams and engaging with external stakeholders.
• Ability to thrive in a high-pressure environment, make quick decisions