Commodities Trader

at Jane Street · Quant · New York, NY · Quantitative Trading

Commodity trader with 3+ years of experience in commodity trading options (gas, power or oil preferred) to manage commodity delta one and options book, run systematic and discretionary strategies, and partner with sell-side counterparts.

What you'd actually do

  1. manage our commodity delta one and options book with an emphasis on larger, longer tenor trades
  2. running our systematic and more discretionary strategies, whilst looking for opportunities to grow them
  3. understanding the signal and idea generation, through trade execution and then book and risk management
  4. Partnering with sell-side counterparts for risk lay-off is a core business for the team, and we are looking for someone who can manage these relationships strategically

Skills

Required

  • commodity trading options
  • inter-dealer broker market
  • quantitative skills in understanding options pricing and risk management
  • understanding of commodity market structure

Nice to have

  • gas, power or oil preferred
  • critical thinking
  • implement new ideas
  • learning new techniques
  • communicator
  • planning skills
  • analytical skills
  • people skills
  • coordinating across time zones
  • reliable and flexible team player
  • positive attitude
  • detail-oriented
  • organized
  • thorough
  • desire for continuous improvement
  • traveling to London and Hong Kong

What the JD emphasized

  • 3+ years of experience in commodity trading options
  • commodity market structure
  • options pricing and risk management
Read full job description

About the Position

We are looking for a commodity trader based in New York to work closely with our local and global commodities teams and help manage our commodity delta one and options book with an emphasis on larger, longer tenor trades. In this role you'll have responsibility for running our systematic and more discretionary strategies, whilst looking for opportunities to grow them.

A strong candidate will have an interest in the whole lifecycle of a trade from understanding the signal and idea generation, through trade execution and then book and risk management. Partnering with sell-side counterparts for risk lay-off is a core business for the team, and we are looking for someone who can manage these relationships strategically.

Commodity trading interfaces closely with our broader commodities and derivatives operations. We have a culture of strong collaboration both across teams and across regions. Your working relationships, trader intuition, and ability to analyze special situations will add value to our team.

About You

  • 3+ years of experience in commodity trading options (gas, power or oil preferred)
  • Familiarity with the inter-dealer broker market and transacting bilaterally
  • Able to think critically and implement new ideas
  • Understanding of commodity market structure and sources of natural order flow in the market
  • Strong quantitative skills in understanding options pricing and risk management
  • Open to learning new techniques
  • Strong communicator with excellent planning, analytical, and people skills; comfortable coordinating across time zones
  • Reliable and flexible team player with a positive attitude
  • Detail-oriented, organized, and thorough, with a desire for continuous improvement
  • Willingness to spend multiple weeks a year traveling to London and Hong Kong is a plus

If you're a recruiting agency and want to partner with us, please reach out to agency-partnerships@janestreet.com.