44174221
Product (Gasoline) Trader
London
£80-90K pa + benefits
My client is one of the world's leading integrated energy companies with subsidiaries that conduct business across the globe. Their Supply & Trading arm has worldwide responsibility for international product trading. The London office concentrates on trading of physical refined products originating in or destined for Europe, Africa, and the Middle East including US arbitrages. Trading in oil paper derivatives is a core function.
Job Responsibilities
* Purchasing and Selling blend components and finished products for our clients system
* Purchasing and selling gasoline and light distillates from/to 3rd parties on a "trading" basis
* Monitoring price arbitrage opportunities for gasoline and gasoline components and trading to capture opportunities
* Developing and managing gasoline blending and storage positions utilizing storage locations in the ARA/NYH.
* Utilizing the futures and derivative markets for inventory hedging and speculative trading
* Evaluating markets and market trends and communicating with other Supply & Trading offices
* Ensuring all trading activities are conducted within appropriate delegations of authority and conform with Risk Manual Guidelines
* Negotiating term and spot contracts for sales and purchases of finished products and blend stocks. Ensuring each contract is performed in accordance with agreed terms
* Co-ordinating intercompany purchase/sale opportunities within the organisation and keeping fully informed of market conditions in order to formulate an optimal refinery plan and identifying market opportunities
* Identifying and executing 3rd Party trades on a "for profit basis" and utilising the appropriate paper markets to hedge and optimise positions.
Qualifications
* Degree level (or equivalent) Chemical Engineering or economic/business qualification.
* Extremely commercially orientated with sound business judgement.
* Should be self-starters with excellent communication skills and the ability to multi-task in a dynamic high-pressure team environment.
* An innovative outlook is essential, with a real desire to move the business forward.
* A flexible approach to working hours is vital to accommodate the significant variation in workloads associated with a busy trading operation. Periodic travel may be required.
* Experience or Knowledge of ARA and/or NY Harbor gasoline market(s)
* Experience in gasoline blending and managing gasoline storage locations
* Excellent proven track record and be strongly driven towards future success
= = = = = = = = = = = = = = = = = = = = = = = = = =
Intec (UK) Ltd was established in 1982 by Engineers for Engineers. We deliver Global Recruitment Solutions within the Oil & Gas, Power, Nuclear, Utilities, Rail, Construction and Aerospace Sectors for Owner/Operators, Consultancies, Contractors and Sub-Contractors.
Intec (UK) Ltd is an equal opportunities employer and a member of the Recruitment
