Hedging & Position Optimization Desk

Global Partners LP; Auburndale (MA); On-site; USD 118,000 - 177,000; Full time

Benefits offered by this job

Health benefits

401k plan with company match

Tuition reimbursement

Professional development

Job summary

Global Partners LP in Massachusetts seeks a Hedging & Position Optimization professional to develop and execute hedging strategies, manage commodity risk, and monitor position performance across physical and financial markets.

The role requires strong analytical skills, market knowledge, and experience with risk analytics and trading systems, with a focus on profitability and risk governance.

Qualifications

• Bachelor's degree in Finance, Economics, Mathematics, Engineering, Statistics, Business, or related discipline.
• 3+ years of experience in trading, hedging, risk management, portfolio optimization, or commodity markets.
• Strong understanding of futures.
• Experience with portfolio risk analytics and exposure management.
• Excel skills with proficiency in analytical tools.
• Experience with trading and risk management systems (Right Angle, Fidessa, Marketview).
• Strong analytical, quantitative, and problem-solving abilities.
• Experience in commodity, energy and financial markets preferred.
• Knowledge of optimization models, forecasting techniques, and quantitative risk methodologies preferred.

Responsibilities

• Develop and execute hedging strategies to manage commodity risk related to market and volume changes and volatility.
• Work closely with sales and operations to balance hedge exposure and hedge P&L against customer strategy and physical margins.
• Monitor market conditions and execute adjustments to hedge positions.
• Evaluate hedge effectiveness and trends and identify opportunities to improve.
• Implement dynamic hedging and portfolio optimization strategies based on current, past and future hedge expectations.
• Monitor daily trading positions and portfolio exposures, forecast changes based on seasonality, holidays, weather, new or lost business, terminal outages or changes, geopolitical changes and other variables.
• Analyze open positions and identify optimization opportunities.
• Analyze market fundamentals, technical indicators, and macroeconomic developments.
• Monitor volatility, liquidity, and pricing trends.
• Produce market intelligence reports and trading recommendations.
• Identify emerging risks and recommend mitigation strategies.
• Collaborate with Risk Management to ensure accurate position after month end rolls.
• Identify opportunities to reduce transaction costs and improve hedge efficiency.
• Optimize trading and hedging activities across multiple products and delivery periods.
• Analyze basis risk and manage floating basis deals at third party supply locations.
• Prepare daily, weekly, and monthly exposure reports.
• Develop dashboards and performance metrics for management.
• Reconcile lags and inconsistent data or missing BOLs with Business Ops team.
• Present hedge performance, P&L attribution, and optimization recommendations.
• Ensure positions remain within approved risk limits and trading mandates.
• Reconcile physical and financial positions across multiple markets, business units and strategies.

Skills

Analytical skills

Financial markets knowledge

Excel proficiency

Trading & risk systems

Education

Bachelor's degree in Finance or related field

Tools

Right Angle

Fidessa

Marketview

Job description

The Hedging & Position Optimization Desk is responsible for developing, executing, and optimizing hedging strategies that mitigate market risk while maximizing portfolio performance. This role supports Fuels Marketing in a commercial, trading, and risk management capacity by analyzing market exposures, performing hedging actions, and monitoring positions across physical and financial markets. The successful candidate will combine strong analytical capabilities, market knowledge, and forecasting skills to optimize portfolio risk, improve profitability, and ensure compliance with company risk policies.
The Global Spirit is the cornerstone of our commitment to success. As a Fortune 500 company with 90+ years of experience, we’re proud to fuel communities—responsibly and sustainably. We show up every day with grit, passion, and purpose—anticipating needs, building lasting relationships, and creating shared value.

Your Role, Your Impact

• Develop and execute hedging strategies to manage commodity risk related to market and volume changes and volatility.
• Work closely with sales and operations to balance hedge exposure and hedge P&L against customer strategy and physical margins.
• Monitor market conditions and execute adjustments to hedge positions.
• Evaluate hedge effectiveness and trends and identify opportunities to improve.
• Implement dynamic hedging and portfolio optimization strategies based on current, past and future hedge expectations.
• Monitor daily trading positions and portfolio exposures, forecast changes based on seasonality, holidays, weather, new or lost business, terminal outages or changes, geopolitical changes and other variables.
• Analyze open positions and identify optimization opportunities.
• Analyze market fundamentals, technical indicators, and macroeconomic developments.
• Monitor volatility, liquidity, and pricing trends.
• Produce market intelligence reports and trading recommendations.
• Identify emerging risks and recommend mitigation strategies.
• Collaborate with Risk Management to ensure accurate position after month end rolls.
• Identify opportunities to reduce transaction costs and improve hedge efficiency.
• Optimize trading and hedging activities across multiple products and delivery periods.
• Analyze basis risk and manage floating basis deals at third party supply locations.
• Prepare daily, weekly, and monthly exposure reports.
• Develop dashboards and performance metrics for management.
• Reconcile lags and inconsistent data or missing BOLs with Business Ops team.
• Present hedge performance, P&L attribution, and optimization recommendations.
• Ensure positions remain within approved risk limits and trading mandates.
• Reconcile physical and financial positions across multiple markets, business units and strategies.

Qualifications

• Bachelor's degree in Finance, Economics, Mathematics, Engineering, Statistics, Business, or a related discipline preferred
• 3+ years of experience in trading, hedging, risk management, portfolio optimization, or commodity markets.
• Strong understanding of futures
• Experience with portfolio risk analytics and exposure management.
• Excel skills with proficiency in analytical tools
• Experience with trading and risk management systems (Right Angle, Fidessa, Marketview)
• Strong analytical, quantitative, and problem-solving abilities.
• Experience in commodity, energy and financial markets preferred
• Knowledge of optimization models, forecasting techniques, and quantitative risk methodologies preferred

Pay Range

$118,300.00 - $177,400.00
The pay range for this position is outlined above. The final amount offered at the start of employment is determined based on factors including, but not limited to, experience level, knowledge, skills, abilities and geographic location, and the Company reserves the right to modify base salary at any time, including for reasons related to individual performance, Company or individual department/team performance and market factors.

Our Commitments to You

Competitive Pay - We offer competitive salaries and opportunities for growth within.

Health & Wellness - Medical, Dental, Visions and Life Insurance. Along with additional wellness support.

The Road Ahead – We offer 401k and a match component. We also provide tuition reimbursement; this benefit is offered after 6 months of service.

Professional Development – We value lifelong learning and have many internal development programs and access to other on-demand learning for continued career growth.

These commitments are offered to employees in permanent roles, as part of our support for long-term growth and success

What to Expect From the Hiring Process

We value passion and potential. Please apply if you’re qualified and interested—we’d love to hear from you.

A member of our Talent Acquisition team will review your application and may connect you with the hiring manager if your experience is a strong match.

Interviews are conducted virtually and in person, depending on the role. We’ll provide more details about next steps if selected to move forward.

Global Partners LP is an equal opportunity employer. We foster a company culture where ideas from all people help us grow, move and thrive. We embrace the diversity of all applicants and do not discriminate against race, color, religion, sex, age, national origin, sexual orientation, gender identity, disability, protected veteran status or any other basis prohibited by federal, state or local law. If you have a disability and need an accommodation to apply, please contact our recruiting department at 781-747-9675 or 781-7GP-WORK.

Disclaimer. At Global Partners, we don't use lie detector tests for any employment decisions. We follow all the rules and regulations, so we need to let you know. In Massachusetts, it's illegal to require or administer a lie detector test as a condition of employment of continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.