Job description / Role
The Junior Trader will take a lead role in developing a new trading business with the marketing and sourcing of Crude Oil and distillates (Heavy, Middle & light) products, while executing commercial contracts, and working in parallel to execute physical orders from a logistics perspective.
Duties & Responsibilities
��� Ability to strategically primarily market Crude oil and products and maintain strong vendor relationships.
��� Identify trends and customer needs, building a short/medium/long-term sales pipeline in accordance with targets, monitoring market trends to capitalize on trading opportunities
��� Have a strong knowledge of sourcing vs. selling
��� Identify and originate customers, develop commercial strategies to meet customers requirement
��� Firm understanding of physical operations and shipping
��� Identify arbitrages and develop strategies to take advantage of market opportunities.
��� Handle the portfolio to ensure maximised profit margins within the… set risk limitations.
��� Provide analytical assessments to support trading decisions.
��� Ability to develop trading strategy.
��� Ensure all trades are carried out adhering to compliance policies and regulations, both internally and externally.
��� Communication; Briefing, Persuading / Influencing and Aligning��� trader will provide a market brief to the teams they are interacting with to align on a trading strategy to maximize value capture.
��� Counter Party Relationship Building – an essential part of the role that the trader is able to build strong relationships with other 3rd party traders enabling effective negotiation with parties coming from a wide range of countries and cultures.
��� Analysis ��� the trader will be required to analyze each specific product market, including competitors��� assessments leveraging a reasonable level of understanding of the economics of downstream refining and logistics.
��� Negotiation ��� negotiations with a variety of 3rd parties, while relatively short in duration, are complex and challenging, requiring a strong attention to detail.
��� Contract Administration ��� The traders work with support contract administration staff to ensure that all trades are effectively documented and controlled.
��� Medium / Long Term Business Development
To apply for this job please visit www.gulftalent.com.