Head, Options Market Making

Job Description:

Job Description

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)

Requirements

• 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)

To apply, please submit your resume and cover letter outlining your interest for this role.