Derivatives Trader, Senior Manager - ABAQA INTERNATIONAL PTE. LTD.

Roles & Responsibilities

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

Collaboration & Compliance

Requirements :

Why Join Us?

Tell employers what skills you have

Commodity

Mentoring

Hedging

Derivatives

Capacity Building

Mathematics

Proprietary Trading

Risk Management

Strategy

Compliance

Freight

Ladder

Market Development

Statistics

Stress Testing

KYC