Derivatives Trader, Senior Manager

2 weeks ago

Singapore ABAQA INTERNATIONAL PTE. LTD. Full time $120,000 - $240,000 per year

Purpose of the Role

Protect margins and stabilize P&L by designing and executing derivatives (paper) strategies that hedge physical exposures. Starting with vanilla swaps (e.g., SGX M42), the role ensures disciplined risk management, effective coverage of the coal book, and strict adherence to risk limits. The role requires creativity in structuring hedges, close collaboration with the Risk Manager for approvals and governance, and a gradual build-out of Abaqa's derivatives trading capability into more complex products.

Key Responsibilities

Hedging & Risk Management

  • Translate physical exposures into hedge strategies (coverage ratios, tenor ladder, rolls).
  • Execute trades on approved venues (e.g., SGX M42); manage mark-to-market, margins, and settlements.
  • Monitor basis risks (quality differentials, freight routes vs. index benchmarks).
  • Report hedge effectiveness, slippage, and recommend adjustments.
  • Seek approval/clearance from the Risk Manager before executing trades; escalate breaches immediately.
  • Adhere to exposure limits and no-proprietary trading mandate; focus solely on protecting physical sales and margins.
  • Partner with Risk on VaR, MtM reporting, stress testing, and backtesting of hedge strategies

Market Development & Capability Building

  • Develop and expand Abaqa's presence in commodity derivatives markets.
  • Leverage contacts with banks, brokers, and trading companies to build counterparty network.
  • Provide hedge recommendations for physical positions aligned with company policy.
  • Build capability beyond vanilla swaps into more complex instruments (spreads, options, structured hedges).
  • Explore creative solutions for managing basis risk and enhancing hedge effectiveness

Collaboration & Compliance

  • Work closely with Physical Traders to align hedges with confirmed exposures.
  • Collaborate with Finance, Legal, and Risk teams to ensure compliance with contracts, limits, and clearing standards.
  • Ensure all OTC processes are followed, including KYC, onboarding of counterparties, and ISDA documentation.
  • Support internal capacity building by documenting strategies and mentoring junior analysts.

Requirements:

  • Bachelor's degree in Finance, Business, Engineering, or related field; MBA or advanced degree is a plus.
  • CFA/FRM or similar certification preferred.
  • Minimum 5+ years of commodity derivatives trading (coal/energy preferred).
  • Proven track record in executing swaps and managing exposure, margins, and P&L stabilization.
  • Strong understanding of OTC vs exchange contracts, ISDA, margin mechanics, and clearing processes.
  • Familiarity with ETRM systems, VaR tools, and trade lifecycle management.
  • Excellent analytical, quantitative, and structured-thinking skills.
  • High integrity with strict adherence to trading controls and compliance standards.

Why Join Us?

  • Opportunity to build and shape Abaqa's derivatives trading platform from the ground up.
  • Direct impact on risk management, profitability, and long-term trading strategy.
  • Exposure to both physical and financial trading, with career growth across commodities.

  • Lng Derivatives Trader

    16 hours ago

    Singapore Aurex Group Limited Full time

    We are working on behalf of a leading Utility who are currently looking for a LNG Derivatives Trader to join their team in Singapore. **Skills and Knowledge** - Experience of setting up and managing a profitable derivatives desk - Deep understanding of hedging and optimization strategies - Demonstrated track record scaling up a derivatives trading book...

  • derivatives trader

    2 weeks ago

    Singapore JIN LI INDUSTRIAL INTERNATIONAL PTE. LTD. Full time $120,000 - $240,000 per year

    Key responsibilities - Mastery of foreign exchange market & products, especially on USDCNH (including spot, forward, swaps, options & cross currency swaps) - Assist in managing house FX positions based on the understanding across multiple composition of business background - Manage the book autonomously (within risk limits); ensuring the...

  • Energy Derivatives Trader

    2 weeks ago

    Singapore QUANTUM GLOBAL (APAC) PTE. LTD. Full time

    **Summary** We are seeking an Oil Energy Derivatives Trader for hedging needs of our cross barrel physical trading business. This financial derivative trading position will be located in Singapore. **Essential Duties and Responsibilities**: - Achieving derivative execution accuracy as required by the physical book. - Perform market analysis (quantitative,...

  • Derivatives Trader

    2 weeks ago

    Singapore JIN LI INDUSTRIAL INTERNATIONAL PTE. LTD. Full time

    **Key responsibilities** - Mastery of foreign exchange market & products, especially on USDCNH (including spot, forward, swaps, options & cross currency swaps) - Assist in managing house FX positions based on the understanding across multiple composition of business background - Manage the book autonomously (within risk limits); ensuring the trading...

  • OTC Derivatives Trader

    6 days ago

    Singapore Hays Full time

    An opportunity to join this well known organisation as it expands its ventures into new fields **Your new company** Our client is a well established organisation with over 100 years of history in commodities and trading. **Your new role** A newly created role as our client expands their agri range, and they are now looking for an OTC Derivatives Trader...

  • Equity Derivatives Trader

    6 days ago

    Singapore WilsonHCG Singapore Full time

    WilsonHCG Singapore SingaporePosted 4 hours ago In-Office Permanent Negotiable - Our client is one of the largest Asian Bank with strong Asian presence. Our client is consistently ranked among the World's Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore. Our client is looking to hire top caliber Equity Derivative Trader...

  • Equity Derivative Trader

    1 week ago

    Singapore Reeracoen Singapore Pte Ltd Full time

    Our Client is a family office based in Dubai and London looking to expand into Singapore. They are looking for an Equity Derivative Trader (Junior) to join the team upon the expansion of their office in Singapore. - This hire will be in charge of executing and managing trades involving financial instruments (shares, future options) within the equity markets...

  • Senior Metal Trader

    16 hours ago

    Singapore SEFE MARKETING & TRADING SINGAPORE PTE. LIMITED Full time

    We are seeking a highly skilled Senior Base Metal Trader to join our team at SEFE Marketing & Trading. This pivotal role focuses on expanding our business in the US and Europe, with a particular emphasis on copper trading. As a key player in our global operations, you will drive business development initiatives and contribute to our strategic growth in the...

  • Trader / Trader Assistant

    6 days ago

    Singapore OPTIMAS CAPITAL MANAGEMENT PTE. LTD. Full time

    Optimas Capital Management is looking for a graduated Trader/ Trader Assistant to join our trading desk in Singapore. This is an opportunity to build a career in multi-asset trading with Asia’s leading hedge fund. You will join a high performing trading team with broad experience in global markets. Role Description - Work closely with Portfolio Managers...

  • Senior Quant Trader

    2 weeks ago

    Singapore Reply Full time

    -Non-disclosed Singapore Posted 41 minutes ago Permanent Competitive - A leading Systematic Prop Shop is looking to hire Senior Quant Trader in Hong Kong/Singapore. Our client is a global leading systematic propriety shop running multiple HFT/MFT investment strategies in APAC. They are looking to hire a Senior Quant Trader based in HK or Singapore as part...