Junior FX / Oil Derivatives Trader

Junior FX / Oil Derivatives Trader

Location: Dubai, UAE

Job Type: Full-time

Job Overview:

Our client, a leading oil trading company are seeking a detail-oriented and highly motivated Junior FX / Oil Derivatives Trader. The ideal candidate will have a strong understanding of commodity trading, risk management strategies, and financial markets. This role requires excellent analytical skills, the ability to work under pressure, and strong communication abilities.

Key Responsibilities:

Planning:

• Develop weekly and monthly trading plans based on physical market conditions.
• Assess margin availability and implement risk management strategies.
• Establish predefined drawdown plans to mitigate risk.
• Set up trading functions based on risk management principles.

Execution:

• Execute paper trades based on physical contracts.
• Place and manage orders for inventory and customer orders.
• Collaborate closely with the commercial team on physical trade details.
• Coordinate with middle and back-office teams.
• Communicate effectively with brokers to ensure smooth trade execution.
• Implement risk-avoiding adjustments to optimize trading operations.

Controlling & Risk Management:

• Ensure all trade orders are accurately placed and verified by brokers.
• Monitor and resolve mismatches between placed orders and brokers’ trade confirmations.
• Assess and manage margin requirements for upcoming trades.
• Monitor trade settlement processes to ensure brokers process trades in a timely manner.
• Manage hedged positions throughout the day.

Required Competencies:

Technical Skills & Experience:

• Minimum 1-2 years of experience in a relevant trading or financial role.
• Knowledge of commodity trades and futures markets.
• Familiarity with paper and financial markets.
• Understanding of clearing house and brokers’ protocols.
• Proficiency in executing trades with strong attention to detail.
• Experience assisting middle-office functions with reporting.
• Familiarity with financial publications (e.g., Platts, ICE).
• Strong proficiency in computer operating systems and office software.

Soft Skills:

• Ability to work under pressure and manage stress effectively.
• Strong organizational and prioritization skills.
• Quick decision-making in a fast-paced environment.
• Excellent written and verbal communication skills.
• Team player with the ability to work independently.
• Strong research and analytical skills.

Preferred Qualifications (Nice to Have):

• Degree in Economics, Risk Management, or Business Administration.
• Understanding of oil & gas trades and shipping markets.
• Knowledge of financial mathematics of energy derivatives.

Training & Development:

Upon Joining:

• Training on different commodities and trading strategies.
• Understanding clearing house contracts.
• Learning about various types of future contracts.
• Exposure to financial reports from Platts and ICE.
• Hands-on training with trading platforms like Reuters.

Ongoing Development:

• Staying up-to-date with market trends and product knowledge.
• Continued learning in fundamental and technical analysis.

Why Join Our Client?

• Be part of a dynamic and growing trading environment.
• Work with industry experts and gain hands-on experience.
• Develop your trading and analytical skills in an international market.