Commodity Derivatives Trader – Energy

Commodity Derivatives Trader – Energy (Diesel & Refined Products)

About FCSP

Forest City Structured Products is the derivatives and risk solutions arm of Forest City Trading Group (FCTG), one of North America's largest wood products trading companies, with approximately $4 billion in annual revenue across 14 business units. FCSP designs and trades customized hedging solutions, including swaps, options, and structured averaging products, for customers across the building materials supply chain.

We're a small, fast-moving team with the balance sheet and market access of a large trading group behind us. We're now expanding into energy, and we're looking for a trader to build and lead our diesel and refined products derivatives business.

The Role

This is a build-it opportunity. You'll develop an energy derivatives book from the ground up. You'll hedge diesel exposure across FCTG's operations and structure hedging programs for customers and counterparties who face fuel price risk, including carriers, fleets, distributors, and industrial users. You'll have real ownership of the book, direct access to leadership, and a team that moves quickly from idea to execution.

What You'll Do

• Build and manage a book of ULSD/heating oil futures, swaps, and options, including Asian-style average-price structures.
• Originate and structure customized hedging solutions for customers, and grow a book of business in the West and beyond.
• Manage basis risk between West Coast and Gulf Coast markets and NYMEX benchmarks.
• Price, execute, and risk-manage transactions within established limits, working with credit, legal, and operations under our ISDA/CSA framework.
• Monitor refined products fundamentals and communicate market views to customers and internal stakeholders.
• Help shape the systems, processes, and controls that support the energy business as it scales.

What You Bring

• 5+ years trading, structuring, or hedging energy derivatives: refined products, crude, natural gas, or power. Strong derivatives candidates from gas or power backgrounds are encouraged to apply.
• Hands-on experience with futures, OTC swaps, and options, including pricing and risk management of averaging structures.
• Familiarity with ISDA documentation, collateral and credit terms, and CFTC regulatory requirements.
• A commercial, entrepreneurial mindset. You want to build something, not just run an existing book.
• Strong quantitative and Excel skills; ETRM/CTRM experience is a plus.
• Existing customer or counterparty relationships in the energy space are a strong plus.

Why FCSP

• A true build opportunity with meaningful ownership and upside.
• A lean, talented team where good ideas move quickly.
• The stability, credit strength, and market reach of a ~$4B trading organization.
• Competitive base salary plus performance-based bonus tied to the book you build.