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SD Guthrie International

Head, Options Market Making

10-12 Years
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Job Description

SD GUTHRIE BERHAD

About Us

SD Guthrie Berhad (SD Guthrie) is one of the world's leading producers of Certified Sustainable Palm Oil (CSPO), representing approximately 12% of the global market share (as of 31 December 2022). With over 84,000 employees across 12 countries, we pride ourselves on innovation, sustainability, and excellence. Our operations span the entire palm oil value chain, and we are expanding into new business verticals such as green industrial parks and renewable energy. We offer enriching career opportunities supported by cutting-edge technology and a commitment to sustainability. We are the world's first palm oil company to have our net-zero GHG emissions reduction targets approved by the Science Based Targets initiative (SBTi).

Join us today, as we continue to Unlock Nature's Superpowers!

Roles & Responsibilities

A. Multi-Asset Options Market Making & Execution Strategy

Develop quoting infrastructure and execution logic for:

o Commodities (Ags, Softs, Energy, Palm Oil)

o Foreign Exchange (G10 & EM)

Develop quoting infrastructure and execution logic for:

o Vanilla options

o Barrier options (single/double KO/KI)

o Accumulators, TARFs, spread options

o Quanto and currency-linked structures

Formulate and execute proprietary views on volatility and skew within approved risk limits

Manage flow, positioning, and inventory to optimize book P&L and margin retention

B. Real Asset-Linked Hedging & Physical Flow Integration

Design and manage options strategies that hedge real optionality in:

o Crushing/refining spreads

o Logistics, storage, and delivery flexibility

o Commodity/FX hybrid structures

Execute calendar spread and basis option hedges to manage optionality in supply chains

Partner with commercial and physical desks to integrate:

o Physical flow knowledge into pricing and trading strategies, hedging into structured supply or sales agreements

C. Advanced Risk Management & Control Framework

Own comprehensive risk oversight across all desk activities:

o Greeks management (delta, gamma, vega, volga, vanna)

o Payoff smoothing and reshaping of illiquid exotic exposures

o Intraday and end-of-day P&L, stress, and scenario analysis

Ensure tight controls and governance on:

o Model usage and assumptions

o Trade capture, lifecycle, and settlement processes

o Margin and capital utilization

Champion use of risk techniques such as:

o Payoff smoothing

o Static replication and delta-gamma approximation

o Scenario overlays and discrete path hedging

Implement proprietary risk optimization strategies that selectively increase exposure to mispriced volatility or skew

D. Market Intelligence, Industry Networking & Structuring Insights

Build deep market intelligence via:

o Industry relationships and counterparties

o Tracking large physical and financial flows

o Understanding evolving market structures, liquidity regimes, and vol market microstructure

Strategize and advise on structured product innovation to meet:

o Producer and consumer hedging needs

o Internal margin optimization and flow pricing

Anticipate and position for major macro and micro drivers of volatility:

o Supply chain shocks

o Currency shifts

o Regulatory change

o Positioning dynamics and dealer gamma exposure

E. Leadership, Buildout, and Stakeholder Management

Build and lead a high-performance team spanning:

o Vanilla and exotic options traders

o Trading assistants and quant support

o Operational and control specialists

Oversee:

o Desk buildout: risk systems, trading platforms, pricing tools

o Operational integration with Middle Office, Risk, Compliance

o Recruitment, training, and performance management

Drive collaboration with:

o Structuring (pricing, innovation)

o Physical and commercial teams (flow visibility, integration), Risk and finance (limits, P&L reporting, capital usage)

Ideal Candidate

  • Experience in market making on both exchange and OTC platforms
  • Prior exposure to algo trading / electronic quoting engines
  • Established network of counterparties, brokers, and liquidity venues
  • Commercial mindset with ability to see structured flows as both risk and opportunity
  • 10+ years in options trading, market making, or structured derivatives across:
  • Commodities (agriculture, energy, palm, etc.)
  • FX (G10, EM, NDF-linked structures)
  • Crypto (institutional options trading experience preferred)

Why Join Us

  • Flexible Benefits Coverage
  • Hybrid Workplace
  • Learning on Demand
  • Employee Wellness Programme
  • Education Assistance (terms & conditions apply)
  • Free Parking
  • and many more...

Only shortlisted candidates will be contacted.

Discover more opportunities with us here!

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Job ID: 137463879

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