Derivatives Trader, Senior Manager (Coal/Energy) at Pilmico Foods Corporation

Singapore, , Singapore -

Full Time

Start Date

Immediate

Expiry Date

28 May, 26

Salary

0.0

Posted On

27 Feb, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Derivatives Trading, Risk Management, Hedge Strategy, Coal Trading, Energy Trading, Swaps Execution, Margin Management, P&L Stabilization, Basis Risk Monitoring, Counterparty Network Development, OTC Contracts, ISDA Documentation, VaR Reporting, Stress Testing, Compliance Adherence, Structured Hedges

Industry

Food Production

Description

Job Description 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 Abaqa’s 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 Abaqa’s 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 Bachelor’s 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.

Responsibilities

The primary purpose is to protect margins and stabilize Profit & Loss by designing and executing derivatives strategies to hedge physical exposures, focusing initially on vanilla swaps while ensuring disciplined risk management. Key duties involve translating physical exposures into hedge strategies, executing trades, monitoring basis risks, and seeking necessary approvals from the Risk Manager.