Junior FX

2 weeks ago

Dubai, Dubai, United Arab Emirates Tura Executive Full time

Our client, a leading oil trading company, is 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:

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

Execution:

  1. Execute paper trades based on physical contracts.
  2. Place and manage orders for inventory and customer orders.
  3. Collaborate closely with the commercial team on physical trade details.
  4. Coordinate with middle and back-office teams.
  5. Communicate effectively with brokers to ensure smooth trade execution.
  6. Implement risk-avoiding adjustments to optimize trading operations.
  7. Ensure all trade orders are accurately placed and verified by brokers.
  8. Monitor and resolve mismatches between placed orders and brokers' trade confirmations.
  9. Assess and manage margin requirements for upcoming trades.
  10. Monitor trade settlement processes to ensure brokers process trades in a timely manner.
  11. Manage hedged positions throughout the day.

Technical Skills & Experience:

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

Soft Skills:

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

Preferred Qualifications (Nice to Have):

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

Training & Development:

Upon Joining:

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

Ongoing Development:

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

Why Join Our Client?

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

Associate

Employment type

Full-time

Job function

Other

Industries

Oil and Gas and Financial Services

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