Crude Oil Trader

DirectEmployers Association; Singapore; On-site; SGD 80,000 - 120,000; Full time

Job summary

A global energy company is seeking a Crude Oil Trader in Singapore to identify and capture trading opportunities in the Asia Pacific. The ideal candidate will have at least 3 years of trading experience and a Bachelor's degree. This role involves developing trading strategies, trading in physical and paper markets, and building relationships with counterparties to maximize market presence.

Qualifications

• 3 or more years of trading experience; 5 or more years in the energy industry.
• Understanding of pricing and volume exposure.
• Ability to make quick decisions in a fast-moving market.

Responsibilities

• Develop and implement trading strategies linked to global arbitrage opportunities.
• Trade in physical and paper crude markets to enhance profitability.
• Develop and maintain counterparty relationships.

Skills

Trading experience in Asia Pacific

Relationship management

Risk management skills

Strong communication skills

Education

Bachelor’s Degree

Tools

TT

ICE Connect

WebICE

SAP

Job description

Phillips 66 & YOU - Together we can fuel the future
Phillips 66 has more than 140 years of experience in providing the energy that enables people to dream bigger and go farther, faster. We are committed to improving lives, and that is our promise to our employees and our communities. We are sustained by the backgrounds and experiences of our diverse teams, which reflect who we are, the environment we create and how we work together. Our company is built on values of safety, honor and commitment. We call our cultural mindset Our Energy in Action, which we define through four simple, intuitive behaviors: We work for the greater good, create an environment of trust, seek different perspectives and achieve excellence. Phillips 66 was recognized by Forbes as one of “America’s Best Employers” in 2021.

Learn more about Phillips 66 by visiting phillips66.com/about.



Basic Purpose/Accountabilities:
Phillips 66 is seeking an experienced Crude Oil Trader to join the Singapore Crude Oil Trading team to identify and capture crude oil trading opportunities to generate profit, both regionally and globally as part of the Global Crude Oil Trading team.


Reporting to Manager, Crude Oil Trading, the Crude Oil Trader will work with the Singapore Crude Oil Trading team to identify and capture crude oil trading opportunities to generate profit, both regionally and globally as part of the Global Crude Trading team. The incumbent is accountable for meeting Crude Oil Trading functional and business goals and realizing annual profit objectives while ensuring adherence to Phillips 66 core values, code of business conduct and ethics.

The ideal candidate should have expertise in trading in Asia Pacific region with knowledge of regional and PG crude grades, alongside a deep understanding of regional refining demand, regional crude oil logistics, global arbitrage, and the associated financial instruments and benchmarks.

Primary Responsibilities:

Working with traders in our London, Calgary, and Singapore offices to develop and implement trading strategies linked to global arbitrage opportunities.

Trading speculatively in physical and paper crude markets to enhance profitability.

Developing and maintaining counterparty relationships to expand our market presence and increase trading potential.

Strong results-oriented ability to think and act decisively and independently in changing market environment.

Understanding of pricing and volume exposure and possess risk management skills with different hedging tools and strategies.

Working with the marine department and other logistics to optimize freight.

Consulting with supply to determine refinery requirements and develop optionality in crude slates.

Work closely with risk management and operations teams to ensure alignment with portfolio objectives and risk parameters.

Contribute to and leverage data analytics to enhance market insights and trading efficiency.

Entering deal details into our Deal Capture System.

Required Qualifications:

Bachelor’s Degree

3 or more years of trading experience; 5 or more years of relevant experience in energy industry.

Preferred Skills

Expertise and proven ability trading in Asia Pacific region with knowledge of regional and PG crude grades.

Deep understanding of regional refining demand, regional crude oil logistics, global arbitrage, and knowledge of associated financial instruments to manage associated exposures.

Direct refinery operations support experience.

Ability to collaborate, share market intelligence, and work as a team.

Strong understanding of macro trends, geopolitical risks, and supply/demand fundamentals affecting crude oil markets.

Ability to work under pressure, make quick decisions, and manage multiple positions in a fast-moving market.

Excellent risk management discipline regarding managing exposure and costs associated with cargo trading.

Strong communication and relationship management skills with counterparts and internal stakeholders.

Proficiency in trading software such as TT, ICE Connect, WebICE, SAP.

We regret to inform that only shortlisted candidates will be notified.

Phillips 66 International Trading Pte Ltd adopts the Tripartite Standards and is committed to be a fair and progressive employer.

Description: Phillips 66 has more than 140 years of experience in providing the energy that enables people to dream bigger and go farther, faster. We are committed to improving lives, and that is our promise to our employees and our communities. We are sustained by the backgrounds and experiences of our diverse teams, which reflect who we are, the environment we create and how we work together. Our company is built on values of safety, honor and commitment. We call our cultural mindset Our Energy in Action, which we define through four simple, intuitive behaviors: We work for the greater good, create an environment of trust, seek different perspectives and achieve excellence.