Market & Risk Analyst

Aster; Singapore; On-site; SGD 90,000 - 170,000; Full time

Job summary

Aster Chemicals and Energy Pte. Ltd.

in Singapore seeks a Market & Risk Analyst to join the Economics & Scheduling team at Bukom, analyzing oil market trends, price movements and risk exposures to support commercial, optimisation and hedging decisions for the integrated petrochemical complex. This role collaborates with Commercial, Planning, Operations and Finance to optimise margins, pricing and product value, using benchmarks from Platts, ICIS, Argus and ICE to drive informed decision-making

Qualifications

• Diploma or Bachelor's degree in Business, Economics, Statistics, Engineering or related discipline, or equivalent experience.
• Approx. 5 years of relevant oil markets experience preferred (petroleum products, trading analytics, or price risk management).
• Strong understanding of oil market fundamentals and pricing benchmarks.
• Proficiency in data analysis and visualization tools (Excel, Power BI).
• Ability to communicate complex findings and work with stakeholders across departments.

Responsibilities

• Monitor and analyse short to mid-term oil market developments (crude, products, base oils, bitumen).
• Prepare market updates, dashboards and reports translating markets into insights for planning and optimisation teams.
• Support hedging recommendations and link market fundamentals to refinery economics and margins.
• Track pricing and risk exposures across physical and derivative positions for visibility of movements.
• Maintain pricing data and benchmarks using sources like Platts, ICIS, Argus and ICE.

Skills

Oil market analysis

Pricing benchmarks

Data visualization

Excel

Power BI

Hedging concepts

Education

Diploma or Bachelor’s degree in Business/Economics/Statistics/Engineering

Tools

Platts

ICIS

Argus

ICE

Job description

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Company: Aster Chemicals and Energy Pte. Ltd.

Job Category: Commercial

About Aster

Aster is a leading provider of energy, chemical, and infrastructure solutions in Southeast Asia, supplying products and services to various manufacturing industries in both domestic and international markets. It is a Chandra Asri-led joint venture with Glencore. Since Chandra Asri Group’s establishment in 1992, the Group has grown from strength to strength to build its reputation as a reliable growth partner, with strategically well positioned assets in Indonesia and Singapore. The Group’s total asset base includes a refinery with a capacity of more than 300,000 barrels per day with ongoing asset rejuvenation, alongside a 1.1 million metric ton naphtha cracker on Bukom Island, 2.5 million metric tons of downstream chemical assets on Jurong Island, and a 0.9 million metric ton naphtha cracker in Cilegon. The company's business is supported by core infrastructure assets, including energy, electricity, water, jetty, and tank farm facilities. For more information, visit www.aster.com.sg .

Turn market movements into real business decisions.

This role sits close to the action, helping Aster interpret oil market developments, understand price exposure and identify opportunities to optimise value across its integrated petrochemical complex.

Job Summary

Aster is seeking a Market & Risk Analyst to join the Economics & Scheduling team within the Planning & Optimization division. In this role, you will analyse oil market trends, pricing movements and risk exposures, and translate market developments into insights that support commercial, optimisation and hedging-related decisions for Aster’s integrated petrochemical complex.

The Economics & Scheduling team is responsible for supporting the optimisation of hydrocarbon production across the Bukom integrated petrochemical complex. This includes crude and feedstock valuation, refinery and petrochemical integration, process unit target setting, product blending and sales optimisation. The team plays a key role in maximising integrated site margin across the different lines of business.

This opportunity is suited for someone with a strong foundation in oil markets, commodities, trading analytics or price risk management, and who is looking to deepen their exposure to integrated refinery economics and commercial optimisation. You will work with experienced stakeholders across the business and play a meaningful role in turning market signals into practical recommendations.

Why This Role

• Work closely with Commercial, Planning, Operations and Finance teams to support decisions that drive margin and value.
• Deepen your exposure to oil market intelligence, pricing benchmarks, refinery economics and hedging-related analysis.
• Use market fundamentals, data and business context to shape practical recommendations in a fast-moving environment.

Key Responsibilities

• Monitor and analyse short to mid-term oil market developments, including crude, refinery products, base oils and bitumen, with a focus on supply and demand balances, trade flows, outages, new capacity and macroeconomic drivers.
• Prepare market updates, analysis reports, dashboards and visualisations to translate market developments into clear insights for the Planning & Optimization team and other business stakeholders.
• Support Commercial and Operational decision-making by linking market fundamentals to refinery economics, margin optimisation opportunities and product value drivers.
• Track Aster’s pricing and risk exposures across relevant physical and derivative positions, ensuring timely visibility of key exposure movements and market risks.
• Provide analytical support for hedging recommendations and hedge execution activities in line with Aster’s hedging policy and governance requirements.
• Maintain pricing data, market benchmarks and analytical tools using sources such as Platts, ICIS, Argus and ICE, while supporting data accuracy and connectivity with relevant internal systems.
• Engage with internal stakeholders and, where relevant, external market participants, consultants, banks and counterparties to gather market intelligence and strengthen price risk management insights.
• Support performance lookbacks and post-decision reviews to assess the impact of market movements, pricing decisions and optimisation strategies.

Required Qualifications

• Diploma or Bachelor’s degree in Business, Economics, Statistics, Engineering or a related discipline, or equivalent relevant experience.
• Relevant experience in oil markets, petroleum products, refinery economics, trading analytics, commercial optimisation or price risk management, with approximately 5 years of experience preferred.
• Good understanding of oil market fundamentals, including supply and demand balances, trade flows, macroeconomic drivers and pricing benchmarks.
• Proficiency in data analysis and visualisation tools such as Excel, Power BI or similar platforms.
• Strong analytical, problem-solving and communication skills, with the ability to communicate complex findings clearly and translate them into practical business insights.
• Ability to work independently while collaborating effectively with stakeholders across other Departments and external market-facing teams.
• Exposure to refinery economics, integrated petrochemical operations, oil benchmarks, price reporting agencies, commodity markets, derivatives, hedging concepts, ETRM systems, SAP or related data platforms would be advantageous.

Hiring for this role will be based on candidates’ skills, experience, qualifications and ability to perform the role.

Work Location:

This role offers exposure across both our corporate office at mTower and operational site at Pulau Bukom.

We thank all applicants for their interest in Aster Chemicals and Energy. Please note that only shortlisted candidates will be contacted.