Head, Options Market Making

Job Description:

Job Description

A. Multi-Asset Options Market Making & Execution Strategy

·Develop quoting infrastructure and execution logic for:

oCommodities (Ags, Softs, Energy, Palm Oil)

oForeign Exchange (G10 & EM)

·Develop quoting infrastructure and execution logic for:

oVanilla options

oBarrier options (single/double KO/KI)

oAccumulators, TARFs, spread options

oQuanto 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:

oCrushing/refining spreads

oLogistics, storage, and delivery flexibility

oCommodity/FX hybrid structures

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

·Partner with commercial and physical desks to integrate:

oPhysical 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:

oGreeks management (delta, gamma, vega, volga, vanna)

oPayoff smoothing and reshaping of illiquid exotic exposures

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

·Ensure tight controls and governance on:

oModel usage and assumptions

oTrade capture, lifecycle, and settlement processes

oMargin and capital utilization

·Champion use of risk techniques such as:

oPayoff smoothing

oStatic replication and delta-gamma approximation

oScenario 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:

oIndustry relationships and counterparties

oTracking large physical and financial flows

oUnderstanding evolving market structures, liquidity regimes, and vol market microstructure

·Strategize and advise on structured product innovation to meet:

oProducer and consumer hedging needs

oInternal margin optimization and flow pricing

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

oSupply chain shocks

oCurrency shifts

oRegulatory change

oPositioning dynamics and dealer gamma exposure

E. Leadership, Buildout, and Stakeholder Management

·Build and lead a high-performance team spanning:

oVanilla and exotic options traders

oTrading assistants and quant support

oOperational and control specialists

·Oversee:

oDesk buildout: risk systems, trading platforms, pricing tools

oOperational integration with Middle Office, Risk, Compliance

oRecruitment, training, and performance management

·Drive collaboration with:

oStructuring (pricing, innovation)

oPhysical 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.