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- Tasks: Trade fuel oil swaps and develop innovative trading strategies in a dynamic market.
- Company: Neruda Capital, a leading proprietary trading firm in the energy sector.
- Benefits: Autonomy in strategy development, robust support infrastructure, and growth opportunities.
- Why this job: Join a fast-paced environment where your trading skills can directly impact performance.
- Qualifications: 3-5 years of fuel oil trading experience with a strong P&L track record.
- Other info: Collaborative culture with a focus on risk management and market insights.
The predicted salary is between 36000 - 60000 £ per year.
Neruda Capital is a proprietary trading and risk management firm focused on the global energy complex. From our base in Dubai, we trade listed and OTC derivatives across crude oil, fuel oil, and refined products, with exposure to major benchmarks including Brent, WTI, and Dubai. Our approach combines fundamental insight, macro analysis, and disciplined risk management to generate consistent returns across markets.
We are seeking an experienced paper fuel oil trader to join our derivatives trading desk in Dubai or London. The successful candidate will focus on identifying and executing trading opportunities across global crude benchmarks and related spreads, operating within defined risk parameters and contributing directly to the firm’s overall P&L.
Key Responsibilities- Trade Fuel oil swaps across ICE, CME and OTC markets — outrights, spreads, cracks, and inter-commodity structures.
- Develop and execute directional, relative value, and macro-driven trading strategies.
- Monitor global crude fundamentals, flows, OPEC policy, refinery margins and macroeconomic drivers influencing price action.
- Manage risk, exposure, and daily P&L in line with internal limits and desk strategy.
- Maintain and refine analytical models, pricing tools, and trade logs to support decision-making.
- Liaise closely with operations, risk and compliance teams to ensure accurate trade capture, reporting, and governance.
- Share market views and contribute to Neruda’s broader energy trading strategy.
- Minimum 3–5 years’ experience trading fuel oil swaps (proprietary, hedge fund, or trading house background preferred).
- Demonstrable track record of P&L generation and disciplined risk control.
- Strong quantitative and analytical mindset with macro awareness.
- High self-motivation, integrity, and ability to perform in a fast-paced, performance-driven environment.
We offer a flat, entrepreneurial structure where traders have autonomy to develop and manage strategies backed by robust risk, operations, and compliance infrastructure. As the firm continues to expand its presence across crude and refined product markets, this role provides a direct opportunity to scale risk and impact firm-wide performance.
Paper Fuel Oil Trader employer: Neruda Capital
Contact Detail:
Neruda Capital Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Paper Fuel Oil Trader
✨Tip Number 1
Network like a pro! Reach out to industry contacts, attend trading events, and join relevant online forums. The more people you know in the energy trading space, the better your chances of landing that dream role.
✨Tip Number 2
Show off your skills! Prepare for interviews by brushing up on your trading strategies and market analysis. Be ready to discuss your past P&L achievements and how you managed risk effectively.
✨Tip Number 3
Stay updated on market trends! Follow news related to crude oil, fuel oil, and macroeconomic factors. This knowledge will not only help you in interviews but also demonstrate your passion for the industry.
✨Tip Number 4
Apply through our website! We love seeing candidates who are genuinely interested in joining Neruda Capital. Make sure your application reflects your enthusiasm and understanding of our trading approach.
We think you need these skills to ace Paper Fuel Oil Trader
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the role of a paper fuel oil trader. Highlight your experience with fuel oil swaps and any relevant trading strategies you've executed. We want to see how your background aligns with our needs!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about trading and how your skills can contribute to our team at Neruda Capital. Keep it concise but impactful, and don’t forget to mention your track record in P&L generation.
Showcase Your Analytical Skills: Since we value a strong quantitative and analytical mindset, make sure to include examples of how you've used these skills in your previous roles. Whether it's developing models or monitoring market trends, we want to see your analytical prowess in action!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re proactive and keen to join our team!
How to prepare for a job interview at Neruda Capital
✨Know Your Markets
Before the interview, dive deep into the current trends in the fuel oil market. Familiarise yourself with key benchmarks like Brent and WTI, and be ready to discuss how macroeconomic factors influence trading strategies. This shows your passion and expertise in the field.
✨Showcase Your Trading Strategies
Prepare to share specific examples of trading strategies you've developed or executed in the past. Highlight your experience with fuel oil swaps and how you've managed risk while generating P&L. This will demonstrate your hands-on experience and analytical mindset.
✨Understand Risk Management
Be ready to discuss your approach to risk management. Neruda Capital values disciplined risk control, so explain how you monitor exposure and adhere to internal limits. Use real-life scenarios to illustrate your decision-making process under pressure.
✨Engage with the Team
Since collaboration is key at Neruda, prepare to discuss how you liaise with operations, risk, and compliance teams. Share examples of how you've contributed to a team environment and supported broader trading strategies. This will show that you're not just a lone wolf but a team player.
