Derivatives Trader, Senior Manager (CoalEnergy)
Share
Job Location:
Monthly Salary:
Posted on:
19 hours ago
Vacancies:
1 Vacancy
Job Summary
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 Abaqas 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 Abaqas 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.
Qualifications & Experience
Bachelors 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.
Remote Work :
No
Employment Type :
Full-time
Key Skills
- Business Development
- Electrical Engineering
- Management Experience
- HVAC
- Territory Management
- Project Management
- Quality Control
- Contract Management
- Budgeting
- Program Development
- Public Speaking
- Contracts
About Company
Pilmico Foods Corporation & Gold Coin Management Holdings are the integrated agribusiness and food companies of Aboitiz Equity Ventures, Inc. (AEV). Gold Coin is now fully-managed and owned by Pilmico International and to date, it is the largest investment in the Asia-Pacific region i ... View more
