Gasoline Trader

Pangea; Houston (TX); On-site; USD 150,000 - 300,000; Full time

Job summary

Pangea is supporting an independent commodity trading firm seeking a financial gasoline trader to join their desk in Houston.

The role is speculative and requires deep fundamental knowledge of US domestic gasoline, including S&D, specs, seasonality, blending, and regional market structure. You will build a book around your strength and develop ideas from fundamentals to trading strategies.

Qualifications

• 5+ years trading gasoline derivatives with a speculative or risk-taking mandate.
• Deep fundamental understanding of gasoline: S&D, specs and seasonality, blending, regional market structure.
• Attributable P&L track record focused on risk-adjusted returns.
• Fluency in exchange and OTC instruments used to trade gasoline: futures, swaps, spreads and options.
• Disciplined risk management: size positions by conviction and treat limits as hard.
• Strong analytical skills and proficiency with data, Excel and related tech.

Responsibilities

• Run a financially settled gasoline book built around your area of strength.
• Generate trade ideas from a fundamental view of gasoline, refinery runs, yields, inventories, etc.
• Express view through outrights, time spreads, location and grade spreads, cracks and arb strategies.
• Add RV trades across distillates, crude and other products where they complement the gasoline book.
• Operate within VaR, per-trade risk and lot limits, reporting clearly to risk and Management.

Skills

Gasoline derivatives trading

Risk management

P&L track record

Excel & data analysis

Futures/Swaps/Options

Tools

Excel

Trading platforms

Job description

Pangea is supporting an independent commodity trading firm that is looking for a financial gasoline trader to join their desk.

The Role:

This is a speculative trading seat with no physical or hedging mandate. The core requirement is a deep fundamental understanding of US domestic gasoline. The book can be built around whichever part of the gasoline market the individual trader knows best.

Key Responsibilities:

• run a financially settled gasoline book built around your area of strength.
• Generate trade ideas from a fundamental view of gasoline, refinery runs, yeilds, inventories, etc.
• Express view through outrights, time spreads,location and grade spreads, cracks and arbs, and choosing the structure that uses VaR most efficiently.
• Add RV trades across distillate, crude and other products where they compliment the gasoline book
• Operate within VaR, per-trade risk and lot limits, reporting clearly to risk and Management.

Requirements:

• 5+ years trading gasoline derivatives with a speculative or risk-taking manddate, at a trading house, hedge fund, bank or refiner's trading arm
• A deep, fundamental understanding of gasoline: S&D, specs and seasonality, blending, and regional market strucutre
• An attributable, consisten P&L track record, focused on risk-adjusted returns rather than VaR utiization
• Fluency in the exchange and OTC instruments used to trade gasoline: futures, swaps, spreads and options
• Disciplined risk management: sizes positions by conviction and treats limits as hard
• Strong analytical skills, comfort with data, Excel and other technologies.

At this time, the client is unable to offer any H1B sponsorship.