Senior Biofuel Trader

PetroChina International (America), Inc.; Houston (TX); On-site; USD 250,000 - 360,000; Full time

Job summary

PetroChina International (America), Inc. seeks a Senior Biofuel Trader responsible for managing physical and paper trading of renewable diesel, biodiesel, SAF, RINS, LCFS credits, and blending activities in the Americas, with a strong emphasis on profitability and market structure.

The role connects regional activity to the global team in Latin America and Asia, oversees tankage positions, supports business development, coordinates with Operations, Credit, and Risk Control, and mentors junior

Qualifications

• Bachelor’s degree combined with a minimum of 8 years trading experience.
• A clear focus on biofuel physical trading but also knowledgeable and experienced in the use of derivatives and other biofuel products.
• Strong knowledge of US logistics of biofuel products.
• Strong trading and logistics knowledge of international biofuel market, and the domestic U.S. biofuel market,
• Capability to work with others traders and marketers as a global team.
• Proven ability to develop new business relationships and capture new opportunities.
• Self-starting, team player with ability to multi-task in a dynamic, high-pressure team environment.

Responsibilities

• Trade physical Biofuel in the Americas and global market
• Coordinate hedge strategies for physical and storage to take advantage of market structure opportunities; Execute the financial trades associated with those strategies when required
• Support the strategic business development and growth of PetroChina’s biofuel trading presence in the US, Latin America
• Interact and coordinate with other traders and marketers from global team to develop physical biofuel trading opportunities, and execute arbitrage deals
• Fully monetize arbitrage and market structure opportunities by taking positions in both the physical and paper markets. Utilize combination of derivatives and exchange cleared instruments to hedge, manage pricing exposure and optimize trading positions
• Interact and coordinate with the mid-office, back-office and PCI’s Products department in Beijing in order to support biofuel trading business development
• Support junior traders / analysts for long term development
• Meet accountabilities while complying with all relevant PetroChina policies as well as legal and regulatory requirements

Skills

Biofuel trading

Derivatives trading

US logistics

Global collaboration

Business development

Team leadership

Multi-tasking

Education

Bachelor's degree

Job description

The Senior Biofuel Trader is accountable for the trading activities (physical and paper) as it relates to renewable diesel, biodiesel, SAF, RINS, LCFS, optimization, and trading for profit in the Americas with a primary focus in the physical and blending business. The trader is also responsible for connecting the regional activity into the global team in Latin America, Asia (Beijing, Singapore, India, Dubai, etc.), and Europe. This role actively manages biofuel activities, managing tankage positions, developing a regional biofuel business, integration with global arbitrage flows and managing financial trading positions. This job will interact with different groups within PCIA including Operations, Contracts, Credit, Risk Control and others, always taking into account enterprise value.

Responsibilities

• Trade physical Biofuel in the Americas and global market
• Coordinate hedge strategies for physical and storage to take advantage of market structure opportunities; Execute the financial trades associated with those strategies when required
• Support the strategic business development and growth of PetroChina’s biofuel trading presence in the US, Latin America
• Interact and coordinate with other traders and marketers from global team to develop physical biofuel trading opportunities, and execute arbitrage deals
• Fully monetize arbitrage and market structure opportunities by taking positions in both the physical and paper markets. Utilize combination of derivatives and exchange cleared instruments to hedge, manage pricing exposure and optimize trading positions
• Interact and coordinate with the mid-office, back-office and PCI’s Products department in Beijing in order to support biofuel trading business development
• Support junior traders / analysts for long term development
• Meet accountabilities while complying with all relevant PetroChina policies as well as legal and regulatory requirements

Required Skills

• Bachelor’s degree combined with a minimum of 8 years trading experience
• A clear focus on biofuel physical trading but also knowledgeable and experienced in the use of derivatives and other biofuel products
• Strong knowledge of US logistics of biofuel products
• Strong trading and logistics knowledge of international biofuel market, and the domestic U.S. biofuel market,
• Capability to work with others traders and marketers as a global team
• Proven ability to develop new business relationships and capture new opportunities
• Self-starting, team player with ability to multi-task in a dynamic, high-pressure team environment

The Company reserves the right, in its sole discretion, to modify this job description and any of the responsibilities included herein at any time, for any reason, with or without advance notice.

Candidates must be authorized to work in the United States without the need for employer sponsorship, now or in the future.