Trader (Petcoke)

ARAMCO TRADING SINGAPORE PTE. LTD.; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

A leading energy trading firm in Singapore is seeking a qualified individual for the position focused on physical and paper trading activities. The ideal candidate will possess a Bachelor's degree in Engineering or Finance and have over three years of experience in trading. Responsibilities include monitoring trading strategies, preparing market reports, and adjusting positions based on risk. This role offers an opportunity to grow within a global trading environment and engage with various stakeholders on the trading desk.

Qualifications

• More than 3 years of direct experience in physical trading.
• Well-informed of world product demand and supply.
• Good working knowledge of trading system and price reporting software.

Responsibilities

• Review and adhere to trading strategy on a daily basis.
• Monitor and adjust position based on risk and trading limits.
• Prepare market reports, business plans, and performance targets as required.

Skills

Physical trading experience

Market dynamics understanding

Risk analysis techniques

Supply/demand fundamentals knowledge

Education

Bachelor Degree in Engineering, Finance, or related discipline

Tools

MS Office

Trading systems (Reuters, Bloomberg, Globalview)

Job description

Overview

The Company: Aramco Trading was established as Saudi Aramco’s trading arm in 2011 under the approval of Saudi Aramco’s Board of Directors. It established its headquarters in Al-Midra Tower in Dhahran, Saudi Arabia and has 5 other global offices in London, America, Singapore, Dubai and Fujairah. With six offices currently operating worldwide, Aramco Trading has broader access to markets, a wider client base, a more talented and diversified workforce, and a more sophisticated and integrated global business model.

Today, the company is recognized globally as a critical trading partner for refiners, shipping companies, financial institutions, end-users, and other product-trading companies. The company trades across the barrel including Crude, Middle distillates, Light distillates, bulk petrochemicals, and polyolefin.

The Function

Responsible for physical and paper trading activities and operations within approved risk and resource limits; supports the execution of the trading desk’s strategy and its related tasks; accountable for the trades and the impact to the profit and loss of the book as well as managing the associated risks with the trades.

Key Accountabilities

• Review and adhere to trading strategy on daily basis
• Monitor and adjust position based on risk and trading limits
• Make trading decisions to maximise returns within company’s policies and procedures
• Decide and negotiate deal; validate it with Operations, Contract Administration and Settlement
• ETRM roles: input transactions and ship requests in ETRM system abiding by established procedures and manuals
• Identify and correct mapping P&L and exposures in ETRM system
• Evaluate all open trading contracts and positions; identify the associated price exposures and develop a daily plan to hedge existing exposures with the derivatives desk
• Identify requirements for chartering and create ship requests in ETRM system
• Keep up-to-date on market information and knowledge management, and reflect market insights in trading strategies and positions
• Develop and mark all physical forward curves related to the product, provide price information to Strategy and Business Development Manager, and Supply Optimisation Specialist
• Provide market and counterparty insight for the counterparty enlistment process
• Perform price discovery and provide data for the more liquid portion of the price curve of forward curves
• Work closely with product’s scheduler /operation to ensure smooth logistics and operations for the traded product
• Check trades and confirmation to ensure accuracy
• Send new counter party requests to Compliance Desk and support registration with proper documentation
• Prepare market reports, business plans and performance targets as required

Requirements

• Bachelor Degree in Engineering, Finance, Economics or a related discipline
• More than 3 years of direct experience in physical trading
• Well-informed of the world product demand and supply, market dynamics, and arbitrage opportunities
• Well-connected with end-users and counterparties worldwide
• Industry knowledge: supply/demand fundamentals of physical market, product grades and quality specifications, transportation and pipeline infrastructure, competitors, marine operations, third-party system parameters, standard terms and conditions of contracts, and knowledge of the global energy business
• Trading knowledge: market direction/call, trading strategies, trading fundamentals, global markets, arbitrage, market climate, keeps up to date with international events and geopolitical climate
• Financial trading knowledge: risk analysis techniques, hedging /speculative / price forecasting instruments, such as derivatives, futures, options, OTC, and various credit instruments, economic evaluation and analysis, understands concepts such as NPV, value creation, and option value
• Good working knowledge of MS Office, trading system and price reporting software (Reuters, Bloomberg, Globalview)

Do you have what it takes? If you are keen to grow your career with a leading energy company, this is the role for you.

Interested applicants please submit full resume with email and contact details to [e-mail]

We regret to inform you that only selected candidates will be notified.