Heavy Products Trader - Fuel Oils (Low Sulphur & High Sulphur) and Feedstocks

Consult Group; Singapore; On-site; SGD 100,000 - 125,000; Full time

Job summary

An integrated energy company is seeking a Heavy Products Trader in Singapore to manage oil trading operations. This key role requires at least 8 years of experience in the Oil Trading sector, with strong analytical skills and the ability to work in a multicultural environment. Candidates should have a deep understanding of the Asian Fuel Oil Market and shipping economics. Knowledge of Mandarin is an advantage. The position offers significant responsibilities in business development and risk management within a global trading team.

Qualifications

• Minimum 8 years of experience in the Oil Trading Business.
• Experience in at least two different regions/countries.
• Strong understanding of shipping and chartering activity.
• Knowledge of Asian streams, components, and flows.

Responsibilities

• Be part of the Global Heavy Products Team.
• Develop the Feedstocks desk for Singapore.
• Maintain business relations with market players.
• Design hedge strategies for physical positions.
• Participate in the ongoing digitalization of the company.

Skills

Oil trading experience

Analytical skills

Business development

Teamwork

Knowledge of middle east and asia markets

Risk management

Hedging strategies

Mandarin language skills

Education

Bachelor's degree in economics, Finance, Business or Engineering

Job description

Heavy Products Trader - Fuel Oils (Low Sulphur & High Sulphur) and Feedstocks

Job Openings Heavy Products Trader - Fuel Oils (Low Sulphur & High Sulphur) and Feedstocks

About the job Heavy Products Trader - Fuel Oils (Low Sulphur & High Sulphur) and Feedstocks

Our client is an integrated energy company. The Company's segments include Upstream, Downstream, and Corporation and others. The Upstream segment carries out oil and natural gas exploration and production activities and manages its project portfolio. The Downstream segment includes covers the supply and trading of crude oil and other products, oil refining and marketing of oil products, and the production and marketing of chemicals. This role sits within its Trading business which encompasses consist of supplying crude oil and products for Refining systems and other needs, the marketing of crude oil and their own products, their maritime transport, and the management of product coverage in the financial derivatives markets.

PURPOSE

For the role of Heavy Products Trader, we seek an experienced Trader with good abilities to work in teams and a business-oriented approach. The selected candidate will be responsible for all the range of heavy products, with a special focus in both LSFO and HSFO. The heavy products role includes physical and derivatives tasks, along with blending and storage, and knowledge of hedging and refining. The position also demands strong analytical capabilities and experience in business development activities, a deep understanding of Heavy Products, with special focus in Feedstocks business. The selected candidate will be part of a multicultural local team in Singapore office, and a global player in coordination with offices in Europe and USA. The position demands good analytical skills and strong teamwork skills. The ability to speak Mandarin in addition to English would be highly advantageous in this role.

Key Accountabilities:

• Individual will be a member of a dynamic Global Heavy Products Team with offices in Europe, America and Singapore.
• Individual will develop the Feedstocks desk for Singapore office, in line with the company global strategy and optimization
• Deep focus and knowledge in Middle East and Asia markets - market flows and activity of relevant refiners and traders
• Experience in oil blending and storage management
• Develop and maintain business relations with key counterparties, market players (i.e. producers, refiners, traders and end-users) to keep abreast of market developments and opportunities.
• Active participation in a team P&L/value generation. Knowledge of price/pricing concepts & structure
• Good risk management and understanding of implied exposure and optimality within contracts and the overall book - Design hedge strategies for physical positions.
• Communicate with traders and refinery personnel in Europe.
• Assess customers credit terms and availability. Negotiate payment terms, title transfers and all key contract items to achieve closure.
• Perform all these activities to company standards within a highly controlled environment governed by external regulatory requirements as well as internal controls and compliance
• Participating in the ongoing digitalization of the company
  

Required Experience & Qualifications:

• Bachelors degree in economics, Finance, Business or Engineering
• At least 8 years experience in Oil Trading Business - Record of achievements and deep understanding in physical and paper activity.
• Experience in at least two different regions/countries (Middle East and Asia preferred)
• Deep understanding of Chinese refining economics - supply and demand
• Ability to work in a multi-cultural fast-paced work environment
• Flexible, proactive, creative mind result-oriented and customer-focused
• Extensive contracts in Asia Fuel Oil Market
• Strong knowledge of Asian streams, components and flows
• Deep understanding of shipping / chartering activity. Including floating storage operations and economics.
• Self-sufficient and able to build a business from scratch
• Strong team player X desk collaboration Is a must
• Ability to lead trading decisions at the desk
• Responsible for Safe, reliable operations