Senior Trader- Fuel Oil recruitment
KEY RESPONSIBILITY AREAS:
• Keeping a constant up to date knowledge of the oil market at large
• Managing spot and long term contract negotiations
• Managing price risk exposure
• To identify and develop new business opportunities within the market arena.
• To provide management with input, for the consideration of new marketing strategies; to present a personal view and contribute to the decision making process.
• Trading crude oil originating from the assigned geographical area.
• Developing and maintaining relationships with various counterparties.
• Liaising closely with the physical traders
• Arbitraging cargoes from different geographical areas and different time frames (storage in tank farms or on vessels)
• Ensuring appropriate hedging and risk management is carried out by choosing the appropriate hedging instrument (OTC’s, futures) and timing.
• To mentor, coach and have the ability to train junior traders.
CANDIDATE SPECIFICATIONS:
• Strong academic credentials with a degree from a leading university, PhD, MS a plus, in Economics, Engineering or Finance.
• Deep knowledge of Refining Operations and all related economics (refining margins, transportation costs, product prices).
• Experience in Product Operations and/or Products Trading would be appreciated but not necessary.
• Deep Knowledge on the use of derivatives instruments.
• Ability to communicate in other foreign languages would be advantageous; knowledge of Italian is considered an asset.
• Experience of proprietary trading, especially related to best practice and managing traders; able to advise on appropriate strategies and how best to hedge the book’s exposure.
• Strong team working, communication and presentation skills.