Sr Trader

Sunoco LP; Newtown Township (Delaware County); On-site; USD 180,000 - 320,000; Full time

Job summary

Sunoco LP seeks a senior trading professional to participate in physical trading strategies (spot and term) and develop strategies to optimize supply and trading profits. You will manage positions across physical and financial instruments, collaborating with commercial operations to align inventories with market needs.

The role requires extensive industry experience, strong negotiation and leadership capabilities, and a deep understanding of the global refined products business, including

Qualifications

• 8+ years total industry experience
• Experience in financial markets (futures, swaps, options)
• Understanding of global refined products business (supply, trading, logistics and operations)
• Strong analytical, communication and interpersonal skills
• Proven negotiation skills and leadership capability

Responsibilities

• Participate in physical trading strategies (spot and term) for optimal system supply and trading profits
• Develop trading strategies and manage physical and financial positions for profit
• Accountable for optimization of supply for retail system requirements and trading P/L
• Collaborate with commercial operations to manage physical inventories and market information
• Identify trading opportunities and embed optionality to reduce exposure in trading positions
• Negotiate contracts short and long-term and build external/internal relationships
• Contribute to setting strategic plan for supply & trading team and provide leadership

Skills

Analytical skills

Communication

Interpersonal skills

Negotiation skills

Leadership

Education

BS degree in Finance/Business/Engineering or related discipline

Job description

Sunoco LP is a leading energy infrastructure and fuel distribution master limited partnership operating across 47 U.S. states, Puerto Rico, Europe, and Mexico. The Partnership's midstream operations include an extensive network of approximately 9,500 miles of pipeline and over 100 terminals. This critical infrastructure complements the Partnership's fuel distribution operations, which serve approximately 10,000 convenience stores, independent dealers, commercial customers, and distributors.

At Sunoco, we take great pride in what we do and wholeheartedly believe our employees drive success for our company and our customers. We are always looking for the best and brightest talent and we are committed to making your job a challenging and rewarding experience.

Join a collaborative and innovative team of entrepreneurial individuals transacting in both physical and financial markets with a common goal to supply customers with low-cost products and generate EBITDA in a challenging, fast paced environment.

Essential Duties and Responsibilities

• Participate in physical trading strategies, both spot and term, in pursuit of both optimal system supply and trading profits.
• Develop trading strategies, initiate and manage physical and financial positions for profit, focus on supply portfolio, manage price exposure for system and trading positions, and proposes relevant risk management and hedging strategies.
• Accountable for optimization of supply for retail system requirements and for book trading positions profit/loss.
• Collaborates with commercial operations to manage physical inventories consistent with supply requirements and financial market structure. Represents the company externally and requires an extensive network of 3rd party contacts.
• Seeks out and identifies trading opportunities. Embeds optionality to reduce exposure in trading positions and trade books, interprets financial information, integrates information from a variety of sources, detects trends, associations, and cause/effect outcomes.
• Negotiates contracts both short and long-term. Builds relationships, manages third parties and internal relationships, develops contacts and gathers relevant market information.
• Participates in setting strategic plan for supply & trading team and provides leadership role to other commercial functions.

Requirements

• BS degree in Finance/Business/Engineering or other related discipline
• 8+ years total industry experience .
• Prior trading experience in financial markets (futures, swaps, options, etc.)
• Overall understanding of the global refined products business including supply, trading, logistics and operations
• Excellent analytical, communication, and interpersonal skills
• Proven negotiation skills
• Demonstrated leadership capability

Preferred Skills

• Gasoline blending experience
• Physical product and component trading experience in U.S. hub markets (USGC, NYH, CHI)
• Experience in commercial operations such as marine and pipeline movements

Working Conditions

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job.

• Usually, normal office working conditions.
• Must be able to remain in a stationary position 50% of the time due to prolonged periods of sitting or standing.
• Occasional overnight travel may be required.