Bulgebracket in London needs a structurer to join its Complex Commodities Group, creating cross-commodity exotics and index products, and jointly trading the residuals book.

My Client:
My bulgebracket client has one of the largest Commodity businesses in the industry, trading paper in oil, products, gas, power, coal, emissions, precious metals, base metals, agris, and indexes, in all the major trading hubs.

The Desk:
The Complex Commodity desk offers clients complex, structured, and tailor-made trades. Clients are corporates, from a wide range of industries, and buy-side/investors, ranging from HNWI to asset managers to pension funds to hedge funds. Underlyings include gas, power, heavy activity in oil and in indexes, and growing activity in precious & base metals. The head of desk has approximately 10 years of experience, starting as a physics-based quant structurer at Goldmans, and there are 4 juniors.

The Job:
Responsibilities/Activities start with structuring and pricing deals, supported by the global quant group (which devotes approx. half its resources to this desk), and then moves on to execution, hedging, and running of the book. Although the focus is not on proprietary trading, some risks are illiquid.

You:
Ideally, you will be reasonably quantitative (eg physics degree or econometrics-emphasising business masters), you will have experience in and knowledge of commodity markets, you will have good derivatives knowledge and financial engineering capability, and you will have solid experience in one or more of Trading, Structuring, and/or Quant.

The closer you can match these requirements, the more positively my client will view you.

My client is also particularly interested in people with strength in precious &/or base metals, as they would like to aggressively expand their capability in these areas.

The Money Shot:
My client is offering this role at a flexible seniority, according to the candidate, but indicatively: VP or Director. Guarantees are possible. And for purposes of assessing likely size of discretionary bonus, this team of 5 last year earned a desk P&L of $60m.