Senior Proprietary Trader – Global Energy & Fuels Complex
Location: Singapore (Major Asia-Pacific Hub)
Company Type: Leading European Energy Utility & Merchant Trading House
Desk: International Cross-Commodity & Bulks Desk
About the Organization
We are a premier European energy producer and leading international commodity trading house with a rapidly growing footprint across the Asia-Pacific region. Backed by extensive physical generation assets globally, our trading division combines asset optimization with aggressive, fundamentally driven proprietary risk-taking. We leverage cutting-edge quantitative analytics and deep market insights to exploit dislocations across global power, gas, and fuels markets.
Position Overview
We are seeking an elite, commercially driven Senior Proprietary Fuels Trader to manage and grow our financial and physical trading book out of our Singapore office.
This is not a generic shipping or dry bulk execution role. The successful candidate will run a high-conviction mandate focused on the global coal complex and its relative value relationships within the broader energy stack (Gas, Power, and Carbon). You will be expected to deploy capital based on deep fundamental modeling, regional supply/demand imbalances, and cross-commodity arbitrage.
Key Responsibilities
- Proprietary Risk Management: Profitably manage a proprietary derivatives trading portfolio focusing on global coal benchmarks (API2, API4, Newcastle) alongside related energy complexes.
- Spread & Arbitrage Execution: Identify and execute high-conviction trade strategies across curve structures, location/basin arbs (Asia vs. Europe vs. US), product spreads, and cross-commodity margins (dark spreads vs. spark spreads).
- Fundamental Model Integration: Partner closely with internal research analysts, quantitative modelers, and meteorologists to develop, backtest, and deploy sophisticated supply/demand (SnD) models, marginal cost curves, and fuel-switching matrices.
- Cross-Commodity Strategy: Exploit dislocations in the energy stack by analyzing the economic inflection points where global power utilities switch generation between coal and natural gas.
- Asset & Flow Optimization: Leverage market insights to identify physical trade flows and structural optionality in key production and consumption basins.
Candidate Profile & Requirements
- Experience: Minimum of 5–8 years of experience running a profitable proprietary paper or physical trading book within a major energy utility, commodity trade house, or commodity-focused multi-manager hedge fund.
- Deep Product Expertise: Proven track record trading the international coal complex (API2/API4/Newcastle). Direct experience trading the broader fuels complex (Gas/TTF/JKM, Power, or Carbon/CO2) is highly advantageous.
- Analytical Pedigree: Exceptional quantitative and fundamental grounding. You must have experience utilizing or building asset-stack models, mine-by-mine marginal cost curves, and regional trade-flow models. Pure execution traders will not be considered.
- Risk Appetite: A verified track record of managing substantial risk limits with strong emotional resilience and clear accountability during periods of extreme market volatility.
- Education: Strong preference for an advanced degree (M.Sc. or B.Sc.) in Quantitative Finance, Economics, Energy Finance, or Engineering from a top-tier institution.
What We Offer
- A highly competitive, performance-driven compensation structure with direct PnL payout.
- The financial backing and liquidity of a major global energy utility combined with the nimble risk appetite of a merchant trade house.
- Access to world-class internal analytics, proprietary weather tracking, and quantitative modeling infrastructure.
