Junior Natural Gas Option Trader - European Power, Gas and Emissions Trading Desk

Overview

The European Power, Gas and Emissions Trading Desk is a dynamic part of our global commodities trading division. The desk executes and risk-manages client flow across a diverse portfolio of energy and environmental products, including physical and financial power, natural gas, emissions allowances, and voluntary carbon certificates. Our primary objectives are to generate revenue through active trading and strategic positioning, manage risk with sophisticated models and hedging strategies, provide liquidity by facilitating client transactions, analyze markets to inform trading decisions, and continuously develop innovative trading strategies and technologies.

Roles and Responsibilities

• Market Monitoring: Continuously monitor natural gas and related energy markets, including price movements, news flow, regulatory updates, and supply/demand fundamentals.
• Data Analysis: Assist senior traders in analyzing market data, identifying trading opportunities, and assessing the impact of various factors on options pricing and volatility.
• Quantitative Support: Support the development, testing, and implementation of quantitative models for options pricing, risk management, and strategy back-testing.
• Risk Management: Learn and apply desk risk management policies and procedures, including monitoring positions, calculating P&L, and understanding various risk metrics (Greeks). Work with Technology and Quantitative Analysis teams to enhance risk transparency and report automation.
• Trade Execution Support: Execute orders under supervision and ensure accurate booking and settlement of trades.
• Reporting: Generate regular risk, market, and performance reports for internal stakeholders.
• Strategy Development: Contribute to brainstorming sessions for new trading strategies, portfolio optimization, and improvements to existing models.
• Technology Utilization: Become proficient in using proprietary trading platforms, risk management infrastructure, market data terminals, and analytical tools.
• Compliance: Ensure all trading activities adhere to internal policies, regulatory requirements, and ethical standards.
• Continuous Learning: Actively expand knowledge of energy markets, derivatives products, and trading strategies.

Expected Qualifications

• Education: Bachelor's or Master's degree in a highly quantitative field such as Finance, Economics, Mathematics, Statistics, Engineering, Computer Science, or a related discipline.
• Experience: Experience in options trading and/or commodities is a plus but not required.
• Analytical Skills: Strong analytical and problem-solving abilities with a solid understanding of financial markets and derivatives concepts.
• Quantitative Aptitude: Proven quantitative skills, including proficiency in statistics, probability, and numerical methods.
• Technical Skills: Proficiency in programming languages used in quantitative finance (e.g., Python, R, MATLAB, C++). Strong Excel skills, including VBA for data analysis and modeling. Familiarity with market data platforms (e.g., Bloomberg, Refinitiv) is a plus.
• Market Interest: Demonstrated passion for financial markets, particularly energy commodities and options trading. Prior exposure through internships, personal trading, or academic projects is valued.
• Communication: Excellent verbal and written communication skills, with the ability to articulate complex ideas clearly and concisely.
• Work Ethic: High level of self-motivation, attention to detail, and ability to perform under pressure in a fast-paced environment.
• Team Player: Ability to work collaboratively within a team-oriented environment.
• Adaptability: Eagerness to learn new concepts and adapt to evolving market conditions and trading strategies.

Certification & Compliance

Candidates applying for this role should be aware that it is a Certified Role, subject to the FCA and PRA Certification Regime. The Certification Regime is part of the Individual Accountability Regime. Under this regime, employees in specified significant harm functions must be assessed as fit and proper. Assessments may include interviews, self-disclosures, background checks, and other screening. Criteria include honesty, integrity and reputation, financial soundness, and competence and capability.

To comply with the Certification Regime, Citi entities ensure that employees do not perform Certified Roles without being certified as Fit and Proper. The assessment includes interviews and various background checks as described above.

Job Details

Job Family Group: Institutional Trading

Job Family: Trading

Time Type: Full time

Most Relevant Skills

Please see the requirements listed above.

Other Relevant Skills

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