Physical Oil Trader - Vice President

Job Responsibilities

• Support origination by developing full transaction economics, pricing, and hedge structures.
• Define market-risk management strategies across futures, swaps, and differential hedging.
• Contribute to commercial term drafting that affects pricing, title transfer, incoterms, and exposure mechanics.
• Set and validate product pricing differentials relative to the index used for hedging.
• Execute and manage hedges; monitor and optimize daily position exposure.
• Track P&L drivers, valuation changes, and risk metrics; escalate exceptions per policy.
• Review and update product differentials as market conditions evolve.
• Cook up and manage logistics coordination on delivery windows, quality specs, and timing.
• Communicate market insights, performance drivers, and risk positioning to stakeholders.

Required Qualifications, Capabilities And Skills

• Proven experience in physical oil trading (crude and/or refined products) with direct responsibility for P&L and risk.
• Expertise in derivatives hedging (futures, swaps) and differential structures.
• Strong command of pricing mechanics, location/quality differentials, and exposure measurement.
• Demonstrated ability to interpret and negotiate commercial terms that affect risk and economics.
• Proficiency with trading and risk systems; advanced Excel; comfort with data analysis.
• Excellent communication and cross-functional collaboration skills.
• Operate within limit frameworks and adhere to all policies, procedures, and regulatory requirements.
• Achieve accurate, timely trade capture, confirmations, and reconciliation.
• Uphold highest standards of conduct, compliance, and control rigor.

About Us

JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management. We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.

About The Team

J.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.