- Posted 01 February 2024
- SalaryCompetitive
- LocationLondon
- Job type Contract
- DisciplineOil and Gas
- ReferenceBH-36403
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Heavies Trader - London
Job description
Heavies Trader - London
On behalf of a major Trading House, WRS are looking for a Heavies Trader to work in London on a perment basis. This will be a residential position in London, paying a monthly salary in GBP.
This position is part of the Oil Trading business and reports to the Head of Heavies & Products Trading.
Job Duties include:
On behalf of a major Trading House, WRS are looking for a Heavies Trader to work in London on a perment basis. This will be a residential position in London, paying a monthly salary in GBP.
This position is part of the Oil Trading business and reports to the Head of Heavies & Products Trading.
Job Duties include:
- Trading of physical fuel oil and associated derivatives
- Managing price risk exposure on the trading book
- Building and maintaining strong relationships with trading counterparties
- Negotiating term and spot contracts with refiners, traders and end users
- Maintaining a deep understanding of the fuel oil market and energy markets in general
- Devising proprietary trading strategies, both on physical and derivatives
- Liaise with Refining and Marketing to optimise the supply of feedstock and the sale of products
- Liaise with Petrochemical to optimise the sale of products
- Liaise with Shipping for the chartering of shipping, on spot or term basis
- Negotiate and conclude market transactions on a spot/term basis within an agreed strategy to generate value for ETB
- Locate and acquire optimal feedstock for client’s refining system
- Locate and sell client’s refining and petrochemical system products to the best buyer
- Be able to develop an asset backed trading strategy wherever client runs productions/assets
- Preferred Educational Qualification is a Degree (with preference for numerate subject such as Engineering, Mathematics or Economics)
- More than 4 years of experience in trading
- Proven track record of delivery
- Experience with derivative instruments for hedging
- Knowledge of market fundamentals and market analysis
- Experience of refining operations and processes considered as beneficial
- Right to work in the UK