Naphtha Trader

DirectEmployers Association; Singapore; On-site; SGD 100,000 - 150,000; Full time

Job summary

An international energy trading company in Singapore is looking for an experienced Naphtha Trader. The role involves executing trading strategies and collaborating with teams globally to optimize trading operations. Ideal candidates will have over 5 years in the energy sector and a strong background in naphtha trading. Knowledge of macro trends and solid negotiation skills are essential. This position is vital for achieving business objectives while adhering to corporate values.

Qualifications

• 5+ years of energy industry experience, including at least 3+ years of naphtha trading experience.
• Comfortable trading in an 'blank sheet of paper' environment.
• Understanding of pricing and volume exposures and tools/strategies for managing risks.

Responsibilities

• Collaborate with traders globally to implement trading strategies.
• Provide offtake for naphtha trades and optimize freight.
• Capture deal details accurately into the Deal Capture System.

Skills

Entrepreneurial skills

Strong negotiation skills

Analytical mindset

Teamwork

Language skills (Japanese, Korean, Mandarin)

Education

Bachelor's Degree or higher

Tools

Bloomberg

ICE Connect

WebICE

Advanced computer spreadsheet skills

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 Naphtha Trader to execute trading strategies primarily within our global naphtha cargo business. The Global NGL Trading team is actively involved in building a high-performing organization by identifying and capturing trading opportunities and working across the entire NGL barrel to generate profit both regionally and globally as part of the Global NGL Trading team.


Working as part of the Global NGL team under the guidance of the Global NGL Trading Manager, the Naphtha Trader will be dedicated to trading naphtha and will contribute to providing offtake to Phillips 66 Sweeny fractionation hub, the second largest fractionation hub in the US. This is an individual contributor role that will involve contributing to the Global NGL Trading team in realising annual business and profit objectives while ensuring adherence to Phillips 66 core values, code of business conduct and ethics.

Primary Responsibilities:

Collaborate with traders in our Houston, London, and Calgary offices to proactively identify, develop, and implement trading strategies linked to global arbitrage opportunities

Provide offtake for Phillips 66 US NGL fractionation facilities, as well as third-party volumes

Trade speculatively in physical markets and use financial/derivative trading to add value

Capture regional opportunities through spot and term purchases and sales

Develop and maintain counterparty relationships to conclude naphtha transactions, expand our market presence, and increase trading potential

Continuously challenge existing strategies to explore new trading ideas

Work and share information cross-functionally with LPG, Origination, and Clean Products regional and global teams

Work with the marine department, operations, and other logistics to optimize freight

Work closely with Risk Management to comply with risk management policies to ensure proper controls and return thresholds are aligned with corporate goals

Work with mid and back-office support teams to ensure accurate reporting of positions

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

Capture deal details accurately into our Deal Capture System for accurate reporting

Basic / Required Qualifications:

Bachelor’s Degree or higher

5+ years of energy industry experience, including at least 3+ years of naphtha trading experience

Preferred Skills

Entrepreneurial skills. Comfortable trading in an “blank sheet of paper” environment

Experience trading naphtha in the Asia Pacific region, including both HVN and LVN grades

Knowledge of global naphtha trade flows and in-depth understanding of arbitrage economics

Strong negotiation skills with an analytical mindset and the ability to collaborate, share market intelligence, and work in a high performing team

Strong understanding of macro trends, geopolitical risks, and supply/demand fundamentals affecting naphtha markets

Understanding of pricing and volume exposures and tools/strategies for managing risks

Knowledge of naphtha cargo operations and marine markets including regional naphtha logistics and terminals and petrochemical markets and economics

Results oriented with the ability to think and act decisively and independently under changing circumstances.

Excellent teamwork, interpersonal and communicative (speaking and writing) skills and often with persons of another business culture.

Proficiency in trading software such as Bloomberg, ICE Connect, WebICE

Advanced computer spreadsheet skills

Ability to speak and read Japanese, Korean, or Chinese Mandarin is considered beneficial

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.