Trader (Fuel Oil & & Specialties)

JOB PURPOSE

The Trader is responsible for physical trading activities and operations for approved products and commodities within risk and resource limits. The Trader supports the Senior Trader in executing the trading strategy and for their assigned commodities in compliance with risk policies. The Trader is accountable for their trades and the impact to the profit and loss of the book.

KEY ACCOUNTABILITIES:

Trading

. Review trading strategy daily/ weekly with Senior Trader

. Monitor and adjust position based on risk and trading limits

. Make trading decisions based on the principle of maximizing returns within agreed risk limit

. Decide and negotiate deals and validate them with Operations, Contract Administration and Settlements Teams.

. Finalize terms and conditions and execute deals

. Trade physical and derivative contracts relevant to AGT activities to mitigate AGT's exposure and to hedge against risk and for trading purposes within the limit of the agreed policies

. Input transaction detail into CTRM system in accordance with established procedures

. Ensure accuracy of transaction terms (including difference between nominated and confirmed volumes) in the CTRM system

. Contact targeted counterparties

. Evaluate all open trading contracts and asset positions and review daily risk and credit reports

Market Analysis

. Keep up-to-date on market information and knowledge management as this will influence the trading strategy and trading positions

. Provide price information to front office support teams

. Provide market and counterparty insight for the counterparty enlistment process

Trading Operations

. Work with the Trading Operations Team to resolve confirmation issues on a timely basis

. Manage new counter party requests administration on behalf of Front Office Trading

. Keep up to date on counterparty performance by reviewing reports from Credit Manager and/or Treasury Specialist

. Co-ordinate with Finance and Administration to provide information / data when required for Back Office procedures.

Reporting

. Market reports as requested

. Business cases, as necessary

. Business plans, performance targets

Competencies

. Communication - persuasive and organized, clear when delivering oral and written presentations, shares knowledge, articulates rationale of the position and ensures understanding

. Self-confident - high self-esteem, composed under pressure and is resilient

. Firm understanding of risk management

. Future oriented - forward thinking in the context of the big picture, drives change, anticipates the needs of key customers and the organization

. Opportunity oriented - takes initiative, spots trends, calls the market, seizes the moment and acts, has tolerance for taking calculated risk and sees the possibilities beyond the obvious

. Meticulous accuracy with a keen eye for detail

. Ability to learn quickly all aspects of our business (infrastructure, regulation etc.)

. Ethical and honest, high integrity and trustworthy

. Aligns actions to promote achievement of team goals, influences others activities toward group goals, places high priority on team performance, helps others be successful, resolves conflicts and removes obstacles

QUALIFICATIONS, EXPERIENCE, KNOWLEDGE & SKILLS

Minimum Qualification

• Bachelor degree, Science, Engineering or Economics preferred

Minimum Experience & Knowledge & Skills

• 5 years of experience in oil trading (physical or derivatives) plus 3+ years in Operations or Middle Office or Analyst in the Oil markets
• Well informed of the world product demand and supply, market dynamics, and arbitrage opportunities
• Well connected with end-users worldwide
• Industry knowledge -supply/demand fundamentals of physical market, product grades and quality specifications, refining systems, transportation and pipeline infrastructure and products carried, competitors, marine operations, third-party system parameters, standard terms and conditions of contracts, displays knowledge of the global energy business, refinery economics/drivers, understands the value of variations in specification, timing, and volume
• Commodities Trading knowledge - market direction/call, trading strategies, trading fundamentals, global markets, arbitrage, market climate, keeps up to date with international events and geo-political climate
• Financial trading knowledge - risk analysis techniques, hedging/speculative/ price forecasting instruments, such as, derivatives, futures, options, OTC, and various credit instruments, economic evaluation and analysis, understands concepts such as NPV, value creation, and option value