Senior Trader (Fixed Term Contract - 24 months)

Recruitment Portal; Cape Town, Johannesburg; On-site; ZAR 1,200,000 - 1,800,000; Full time

Job summary

PetroSA in Cape Town/Johannesburg seeks a Senior Trader for a fixed term contract of 24 months to supervise day-to-day trading activities and align strategies with market trends. The role covers execution of purchases and sales of petroleum products, feedstock and blend-stock, and leadership of trading staff.

The ideal candidate holds a BScEngineering or postgraduate degree in Finance/Business with about 10 years in the Petrochemical trading arena, including 5 years in a supervisory capacity.

Qualifications

• BScEngineering or Postgraduate degree in Finance/Business.
• 10 years' experience within the supply and trading environment in the Petrochemical Industry and/or commodity banking, of which 5 years at supervisory managerial level.

Responsibilities

• Supervise the day-to-day trading activities and implement the group strategy within the Trading department.
• Oversee purchases and sales of fuel products, crude oil and refinery feedstock; build counterparty relationships to ensure profitability.
• Ensure price risk management, trade reconciliation, and broker validation are performed with clear links between physical and paper trades.
• Monitor supplier management, market landscape, and opportunities to protect margins and growth.
• Negotiate trading deals with suppliers and third parties, evaluating risks to secure favourable terms.
• Provide leadership and mentorship to the trading team while ensuring compliance with policies and controls.

Education

BScEngineering or Postgraduate degree in Finance/Business

Job description

Senior Trader (Fixed Term Contract - 24 months)

PetroSA

Location Cape Town/Johannesburg

Employment Type Fixed Term Contract

Category Marketing

Job Type All Candidates

Work Location Office-based

Job Purpose

Supervisethe day-to-day trading activities, including proposing new trading strategiesto align trading activities with changing market trends and improveprofitability; execute purchases and sales of petroleum products, feedstock andblend-stock; supervise trading staff; and propose optimisation strategiesaround existing business assets to ensure profitability to the business.

Job Description

• Supervisethe implementation of the group strategy and plans as directed by the TradingManager within the Trading department, and ensure alignment between relevant departments and PetroSA divisions in realising existing and new businessopportunities.
• Supervisethe purchasing and sale of fuel products, crude oil and refinery feedstock bybeing actively present in the market, understanding the petroleum marketlandscape, executing physical crude, product and derivatives trades, andbuilding sound counterparty relationships to ensure profitable growth and thereduction of feedstock costs.
• Supervisethe price risk function together with the Trading Manager and Risk Manager byensuring trade reconciliation and broker validation are performed, tradingsolutions are implemented to mitigate and manage risk within tolerable levelsand limits, and a clear, traceable link between physical and paper trades ismaintained for all trades.
• Monitorand supervise the supplier management function by communicating factors thatmight impact PetroSA's business and identifying opportunities that can befurther explored, to protect against reputational risk and identify profitablegrowth opportunities.
• Maintainexisting relationships and partnerships, identify business threats andstrengths that could impact PetroSA, and negotiate and execute trading dealswith suppliers and third parties, evaluating associated risks to secureflexible, market-related terms and a profitable sales margin.
• Monitorand analyse external global market and environmental factors and benchmarkspecific business opportunities to evaluate the best outcome and fit withexisting business, ensuring market opportunities are identified and PetroSA'sreputation as a professional organisation with a high level of integrity ismaintained.
• Maintainstrategic direction as guided by the Trading Manager and Risk Manager byensuring compliance with existing policies and procedures, and providerecommendations and opinions to the Trading Manager, Executive: Trading, Executive: Sales and Marketing and the governance committees to ensure compliance with controls,standards and regulations.
• Developand maintain an on-going knowledge of trading-related standards for ports,facilities and pipelines to ensure compliance with PetroSA's policies,procedures and related regulations.
• Developand negotiate service level agreements with internal and external stakeholders,review these on a regular basis, and monitor compliance with performancecriteria, alerting management of any deviation from agreed standards.
• Superviseand perform price risk management by executing approved price risk managementstrategies and tools, hedging price risk exposures and protecting margins, andmonitoring open paper positions through daily mark-to-market procedures.
• Buildand maintain an understanding of the delegation of authority limits andtrading-specific systems to ensure optimum system utilisation and compliance for every deal,and good corporate governance in the trading department.
• Providethe required information for internal audit purposes in compliance withPetroSA's policies and procedures.
• Alignthe execution of trading deals with shipping activities, together with theShipping Manager, ensuring market deal analysis, shipping demand, charteringand scheduling are available for efficient departmental operation and thereduction of operational costs.
• Superviseand monitor the business solutions applied to the optimisation of strategicstock directives, to ensure optimum margins are derived from stock holding andto seek opportunities for profit generation associated with strategic stock.
• Monitorand give input on the management of OPEX and departmental budgets for thetrading department, and monitor distribution/logistics costs against budgettargets, ensuring elements showing high variance are corrected.
• Provideand ensure trading gives customers the required information to enable physicaldeals to be executed within the required time periods, and provide assistancefor new business development within other PetroSA divisions related to supplychain optimisation or integration of new products.
• Fostera culture of self-development, provide leadership, technical advice andmentorship to the trading discipline, and support a business environment opento creative ideas for new business opportunities and system improvements.

Requirements & Qualifications

• BScEngineering or Postgraduate degree in Finance/Business
• 10(ten) years' experience within the supply and trading environment in thePetrochemical Industry and/or commodity banking, of which 5 (five) years at supervisorymanagerial level

PetroSA is committed to Equality, Employment Equity, and Diversity regarding employment opportunities. In accordance with our Employment Equity Plan, preference may be given but not limited to candidates from under-represented designated groups. PetroSA reserves the right not to make an appointment to posts as advertised. PetroSA encourages candidates living with disabilities to apply for positions.