Executive Director Energy Options Trader

Job description summary

The commodity trading desk provides commodity hedges and risk management solutions. The desk covers a wide product range, including energy, base and precious metals, carbon, and agriculture. This role is for a senior energy options trader responsible for building and managing the desk's options activity, with an initial emphasis on crude oil, natural gas, and related energy markets products.

Key responsibilities

• Price, execute, market make, and risk manage options across crude oil, refined products, and natural gas.
• Own the portfolio's options and volatility risk framework.
• Manage risk position of the desk within the applicable limits and desk risk tolerance and monitor the risks in the global commodity book.
• Be accountable for the risk levels and limits set by desk head and be responsible for adding revenue streams to commodities.
• Have continuous interaction with sales on trading and hedging ideas.
• Work closely with the sales team creating solutions.
• Work with other international FAB centers capturing flow and pricing for new additional local customer business.
• Continually interface with desk head to ensure trading positions are reported daily, and the long-term requirement of FAB remains the target.
• Maintain and enhance market counterparty and customer perception of FAB as the number one institution for local banks and corporates to handle their commodity business hedging requirements.

Requirements / qualifications

• Minimum 7 years' experience in option trading with specifically strong experience in options oil and derivatives or carbon and gas.
• A university degree combined with a solid understanding of options and volatility trading.
• Strong knowledge of commodity markets, trading platforms, and trading systems.
• Demonstrable track record of managing commodities risk.
• Anticipates customer needs and responds to requirements in a timely and efficient manner.
• Shows strength in building positive relationships with existing and new clients.
• Recognizes and demonstrates the ability to exploit new business avenues, generating additional flow for the unit up and beyond his remit.
• As a strong team player, shows the ability to distribute important news to the room and network.
• Adapts to change and supports any new desk initiatives. Promotes new ways of working and remains of a confident and approachable nature.
• Has a comprehensive mastery of the key financial and commercial performance indicators of the strategic business unit.
• Shows great awareness in developing new products that have the potential to increase revenue and keep the bank at the forefront of changes.

Preferred / beneficial experience: Trading other commodity assets such as emissions would be beneficial. Preference for candidates with a proven track record in running risk in oil, products, natural gas, and carbon. Quantitative skills and ideally have coding experience in Python or a similar language.

About us

First Abu Dhabi Bank (FAB) is the largest bank in the UAE and one of the world's largest and safest financial institutions. We offer a comprehensive range of personal and private banking services, including credit cards, Islamic banking, investments, loans, and mortgages. Our commitment to excellence and innovation drives us to provide top-tier financial solutions to our clients.

Life at FAB

Working at FAB means being part of a team of talented and passionate individuals with a shared vision to support the ambitions of our stakeholders to "Grow Stronger." We embrace the needs of our customers across the globe with a sense of responsibility and confidence driven by extensive expertise that can only be delivered by an ambitious world-class organization.

Career development

FAB offers unique career choices, a chance to innovate, craft solutions for the future, and express yourself in a performance-based culture that will unleash the best in you. Whether you are an experienced professional or just starting your career, FAB provides a range of learning and development initiatives to support all employees through training and skill development.

Our values

At FAB, we place our customers at the core of our activities, live our values each day in every way, celebrate achievements, and empower each other to deliver leading solutions. We have structured plans for the recruitment and career progression of Emirati talent to enable them to make a mark in the financial and banking sector both regionally and globally that rewards your hard work and dedication.

Join our team and be part of a journey to shape the future of banking.