Trader (1990)

About the role

Manage Trading activity by formulating strategies and executing physical and paper trades to achieve commercial objectives for Middle Distillates within set risk and resource parameters. Hold accountability for profit/loss generated from trading activity agreed with the Global Head of Middle Distillates. When necessary, oversee the Trading Activity of Traders & Lead Traders to assist the Global Head of Middle Distillates in monitoring the financial performance of the global portfolio.

Responsibilities

• Agree scope of Trading Activity to be managed with the Global Head of Middle Distillates, including relevant commercial objectives, growth areas, and risk thresholds.
• Formulate trading strategy for individual trading activity and execute physical and paper trades to achieve commercial objectives.
• Assist Traders & Lead Traders in formulating trading strategies and facilitate negotiations with customers when necessary.
• Ensure compliance with internal policies and external regulations governing trading activities.
• Monitor and adapt trade execution in a timely fashion considering latest market trends and competitor behavior.
• Engage with Middle Office to enable accurate recording of trades and ensure accurate P&L and Exposure reporting.

Communication

Internal Communication

• Regularly communicate with team members to discuss trading strategies and coordinate trade execution.
• Provide updates to the Book Leader and other relevant stakeholders on trade performance and risk management activities.
• Collaborate with internal departments such as Finance, Operations, and Compliance to ensure alignment and compliance with company policies and procedures.

External Communication

• Engage in negotiations with counterparties and clients to finalize trade agreements and contracts.
• Communicate with external vendors and service providers to facilitate trade execution and resolve any operational issues.
• Interact with regulatory bodies and industry organizations to stay informed about regulatory changes and industry best practices when necessary.

Requirements

Education and Skills

• Required:
  • Bachelor’s degree in Science, Engineering, or Economics.
  • Strong communication, negotiation, and teamwork skills.
  • Ability to identify and resolve complex issues efficiently, especially in high-pressure trading environments.
  • Precision and thoroughness in analyzing data, contracts, and market trends to make informed trading decisions.
• Preferred:
  • Proficiency in trading systems and software as well as Microsoft Excel.

Experience and Knowledge

• Required:
  • Minimum 3 years of physical and/or derivatives trading experience for Middle Distillates or a relevant product.
  • Understanding of product demand, supply, shipping, storage, and logistics for the relevant trading area and product.
  • Understanding of relevant laws and regulations governing commodity trading, ensuring adherence to legal requirements.
  • Well-connected with end-users and counterparties worldwide.

Abilities and Specific Requirements

• Required:
  • Entrepreneurial mindset with a passion for trading.
  • Intuitive decision-making ability and a tolerance for risk.