Head of Trading

Full time at Selby Jennings in UAE

Posted on February 15, 2025

Job details

Our client, a fast growing energy trading firm, is looking for a hands-on Head of Trading to set up a new desk. The successful candidate will have a robust background in either the physical power market or paper commodities, with a history of achieving significant returns relative to risk. Experience on a proprietary or speculative trading desk is crucial, as the role requires a deep understanding of market dynamics, risk management, and profit optimization. This is a unique opportunity for someone with exceptional market insight and a proven trading strategy. Key Responsibilities

Trading Strategy Execution : Implement and refine trading strategies in physical power markets or paper commodities to maximize profitability.
Market Analysis : Monitor global energy trends, supply-demand dynamics, regulatory changes, and macroeconomic factors to guide trading decisions.
Risk Management : Evaluate and manage trading risks, ensuring returns are at least 4-5 times the Value at Risk (VaR), aligned with company policies.
Market Intelligence : Stay updated on market developments, competitor actions, and industry news to identify opportunities and mitigate risks.
Systematic Strategy Development : Work with quantitative analysts to develop and enhance systematic trading strategies.
Performance Analysis : Conduct financial analysis, track profit and loss, margins, and trading positions to ensure optimal performance.
Compliance and Reporting : Ensure compliance with trading regulations and company policies, and prepare reports for senior management.
Relationship Management : Build and maintain strong relationships with market participants, suppliers, and counterparties.

Key Requirements

Experience : Several years of experience in energy trading with a proven track record in physical power markets or paper commodities.
Proven Track Record : Demonstrated ability to generate annual returns exceeding 4-5 times VaR, with at least one year of validated performance.
Prop/Spec Desk Experience : Essential experience on a proprietary or speculative trading desk.
Market Knowledge : In-depth understanding of global energy markets, pricing mechanisms, and trading practices.
Technical Skills : Proficiency with trading platforms, risk management tools, and data analytics.
Quantitative Collaboration : Ability to work with quantitative analysts on systematic trading models.
Experience Bonus : Advantageous experience in creating speculative positions based on a company's power or gas portfolio.
Mindset and Soft Skills : Strong analytical skills, collaborative mindset, and ability to translate market insights into actionable strategies.

Seniority level

Director

Employment type

Full-time

Job function

Other

Industries

Services for Renewable Energy #J-18808-Ljbffr

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Hiring company

Selby Jennings

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Home UAE Head of Trading

Home UAE Head of Trading

Head of Trading

Job details

Seniority level

Employment type

Job function

Industries

Apply safely

Hiring company

Selby Jennings

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