Oil Trader

SINOCHEM INTERNATIONAL OIL (SINGAPORE) PTE LTD; Singapore; On-site; SGD 100,000 - 150,000; Full time

Job summary

Sinochem International Oil (Singapore) Pte. Ltd. is seeking an experienced Oil Trader to manage day-to-day trading of oil products, biofuels and carbon emissions, including derivatives hedging and contract negotiations.

The role requires strong English communication, Chinese language ability for stakeholders, and a track record of cross-regional trade in Europe/Americas. On-site, full-time position with global exposure and career growth opportunities.

Qualifications

• Master degree in International Trade or related field.
• 5+ years in oil trading, with 3+ years in Europe/Americas preferred.
• Fluent English; Chinese language ability for communication with associates/clients.

Responsibilities

• Day to day activities of oil products, biofuels and carbon emission trading, blending, storage and related works.
• Trade on derivatives and futures to hedge physical position.
• Establish and maintain solid customer relationships with new and existing counterparties, including regular visits and daily communications.
• Business development and driving sales growth with potential customers in Southeast Asia, Africa, Europe, and the Americas.
• Negotiate and conclude market transaction on a spot/term basis.
• Track and monitor world petroleum market movements and actively communicate internally to ensure adequate understanding of product fundamentals.
• Participate in the formulation and negotiation of procurement and sales contracts, calculate procurement costs, and ensure the reasonable implementation of trade.
• Routine departmental and interdepartmental reporting as required.
• To assist the management in mentoring the junior traders, trading assistants and analysts with good skillsets of methodologies as well as corporate culture and mentality.
• To carry out other duties assigned by Managing Director, Deputy Managing Director and General Manager as and when necessary.

Skills

Derivatives trading

Negotiation

Analytical skills

MS Office

Communication

Education

Master's degree in International Trade

Tools

MS Office

Excel

Word

PowerPoint

Job description

Oil Trader

Company: Sinochem International Oil (Singapore) Pte. Ltd.

Location: Singapore

Employment Type: Full-time permanent position

Working Arrangement: Full-time, on-site

Key Responsibilities

• Day to day activities of oil products, biofuels and carbon emission trading, blending, storage and related works.
• Trade on derivatives and futures to hedge physical position.
• Establish and maintain solid customer relationships with new and existing counterparties, including regular visits and daily communications.
• Business development and driving sales growth with potential customers in Southeast Asia, Africa, Europe, and the Americas.
• Negotiate and conclude market transaction on a spot/term basis.
• Track and monitor world petroleum market movements and actively communicate internally to ensure adequate understanding of product fundamentals.
• Participate in the formulation and negotiation of procurement and sales contracts, calculate procurement costs, and ensure the reasonable implementation of trade.
• Routine departmental and interdepartmental reporting as required.
• To assist the management in mentoring the junior traders, trading assistants and analysts with good skillsets of methodologies as well as corporate culture and mentality.
• To carry out other duties assigned by Managing Director, Deputy Managing Director and General Manager as and when necessary.

Requirements

• Master degree in InternationalTrade or related fields.
• At least 5 years of relevantexperience in oil trading industry. In addition to that, (3 years or more)experience in the physical oil trading in Europe and/or the Americas will be abig plus.
• Good knowledge of Chinese domesticproduction and trading for oil products and biofuels, capable to monitor thearbitrage econs of import and export from time to time.
• Proficient in MS Office (Excel,Word, Power Point).
• High fluency in both English forday-to-day business communication, contractual negotiation, market analysis andthe drafting of internal report and strategy.
• Ability to speak and write inChinese is required to communicate with Chinese speaking associates andclients, and capable to prepare formal and written weekly/monthly analysis andsummary reports .
• Strong negotiation and analyticalskills with a strategic mind.
• Good people skills, goodcommunication and presentation skills.
• An effective team player who isself-innovative, entrepreneurial, and open-minded, ready to learn and explorewhichever direction as per the team needs.