Senior System Trader

Tanqeeb; Abu Dhabi; On-site; AED 300,000 - 500,000; Full time

Job summary

Tanqeeb in Abu Dhabi seeks a seasoned commodities trader to monitor refined products markets, trade physical and derivatives, and develop hedge strategies. The role emphasizes strong analytical skills and market insight.

The candidate will work with banks, funds, platforms, exchanges and other liquidity providers to measure risk and support asset generation and projects in a dynamic energy market.

Qualifications

• Well informed of world product demand and supply, market dynamics and arbitrage opportunities.
• Well connected with end-users worldwide.
• Industry knowledge—supply/demand fundamentals of physical markets, product grades and quality specifications, refining systems, and contracts.

Responsibilities

• Monitor markets and Refined Products positions to capitalize on trends and support hedge solutions.
• Trade physical and derivative contracts to mitigate exposure and hedge risk within policy limits.
• Provide analytical support to management and liaise with liquidity providers to measure and control risk.
• Analyze trends, market profile and competition to stay up to date with market knowledge.
• Prepare scenario plans with detailed financials to hit trade targets for the year.
• Understand risk assessment methods to support analysis aligned with the company’s risk.
• Review existing trades and identify relative value opportunities for programs.
• Provide market and commercial input to Commodity Marketing’s view on Refined Products in dynamic markets.

Skills

Market analysis

Hedging

Risk management

Derivatives trading

Forward curve knowledge

Liquidity liaison

Scenario planning

Financial modelling

Commodity trading

Industry knowledge

Education

Bachelor degree, Science, Engineering or Economics

Job description

Job Description:

• -Monitor markets and existing Refined Products positions to capitalize on market trends and proactively bring new ideas and strategies to AGT by working closely with both internal external stakeholders to initiate efficient and cost-effective hedge solutions and support new asset generation and projects.
• -Trade physical and derivative contracts relevant to AGT activities to mitigate AGT’s exposure and to hedge against risk within the limit of the agreed policies
• -Provide analytical support to management in all risk management decisions and liaise with all hedging liquidity providers such as banks, funds, publications, platforms, exchanges, etc. who can provide liquidity and execute hedging positions on the forward curve to effectively measure and control any risk in the operation and ensure integrity and consistency.
• -Analyze trends, market profile and competition changes to ensure the trading is ending with up to date knowledge of the market.
• -Prepare scenario plans/proposals supported by sufficiently detailed financials and commentary so to ensure Trade targets are reached for the year.
• -Understand risk assessment methods and measures and determine the relevance and consistency of the assumptions used to support analysis, considering the Company’s risk.
• -Review existing trades and recommendation of relative value opportunities for both existing and new programs.
• -Provide market and commercial input to Commodity Marketing’s view on Refined Products in the dynamic market.

Skills & Knowledge:

• -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.

Education:

Bachelor degree, Science, Engineering or Economics preferred