Strategic Commodity Hedging & Portfolio Optimization

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

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.