Hedging & Position Optimization Desk

Global GP LLC; Georgia; On-site; USD 118,000 - 177,000; Full time

Benefits offered by this job

Health & Wellness

401k with match

Tuition reimbursement

Job summary

Global Partners LP is seeking a hedging-focused professional to develop and execute strategies that balance market risk with portfolio profitability.

You will monitor positions across physical and financial markets, analyze market exposures, and communicate insights to drive optimization and compliance with risk policies.

Qualifications

• Bachelor’s degree in Finance, Economics, Mathematics, Engineering, Statistics, Business, or a related field preferred.
• 3+ years in trading, hedging, risk management, portfolio optimization, or commodity markets.
• Strong understanding of futures and portfolio risk analytics.

Responsibilities

• Develop and execute hedging strategies to manage commodity risk and volatility.
• Monitor hedges, P&L, and risk exposure across markets and timeframes.
• Analyze market fundamentals, indicators, and macro developments for optimization.
• Produce market intelligence reports and hedging recommendations.
• Collaborate with Risk Management to ensure accurate month-end position reconciliation.
• Develop dashboards and performance metrics for management.

Skills

Analytical skills

Quantitative

Forecasting

Market knowledge

Problem solving

Education

Bachelor's degree in Finance, Economics, Mathematics, Engineering, Statistics, Business, or a related discipline preferred

Tools

Excel

Right Angle

Fidessa

Marketview

Job description

Job Summary

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. At Global Partners, business starts with people. Since 1933, we’ve believed in taking care of our customers, our guests, our communities, and each other—and that belief continues to guide us. The Global Spirit is how we work to fuel that long term 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.

Job Description

• 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.

Additional Job Description

• 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.

Benefits

• Our Commitments to You Coins!
• We offer competitive salaries and opportunities for growth.
• We have an amazing Talent Development Team who create trainings for growth and job development.
• Health & Wellness - Medical, Dental, Visions and Life Insurance.
• Along with additional wellness support.
• The Road Ahead – We offer 401k and a match component!
• Professional Development - We provide tuition reimbursement; this benefit is offered after 6 months of service.

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.