Senior Trader Gasoline / London

We are looking for a Gasoline Trader for a permanent role based in London.  

The ideal candidate will be responsible for contributing to the development and execution of light products trading strategies of the client.  

MAIN JOB FUNCTION The job holder is responsible for and takes part in:

• Trading of physical oil products (gasoline and gasoline components including naphtha) and associated derivatives;
• Managing price risk exposure on the trading book;
• Building and maintaining strong relationships with trading counterparties;
• Negotiating term and spot contracts with producers, refiners and traders;
• Maintaining a deep understanding of the light oil products market and energy markets in general;
• Devising proprietary trading strategies, both on physical and derivatives;
• Liaise with Refining and Marketing to optimise the sale of oil products;
• Liaise with Petrochemical to optimise the supply of feedstock and the sale of products;
• Liaise with Shipping for the chartering of vessels, both on spot and term basis;
• Provide analytical assessments to support trading decisions.
• Coaching junior members of the team

 

KEY RESPONSIBILITY AREAS
General Trading Responsibilities

• negotiate and conclude market transactions on a spot/term basis within an agreed strategy to generate value for ETB;
• locate and sell Eni’s refining and petrochemical system products to the best buyer;
• be able to develop an asset backed trading strategy in the regions where Eni runs productions/assets
• provide insight and support to the development of the long-term light products trading strategy for ETB;
• maintain regular communication with products traders in Houston and Singapore to identify and execute arbitrage opportunities;
• develop and execute physical and financial light products trading strategies;
• build and maintain key relationships with other trading companies, refiners, petrochemicals and producers;
• develop and present analysis to management to support future trading positions;
• track and communicate the developments in the market and relevant market intelligence, including supply and demand balances and competitor activities to other traders of the team;
• support the origination team in developing long-term asset and contractual positions in line with the ETB long-term crude trading strategy;
• liaise with charterers in shipping and operations to ensure all physical movements are executed safely and efficiently;
• guide and mentor the Trading Analysts dedicated to the oil products trading team
• upon conclusion of any transaction, to enter all the details into the internal trading system in a timely and accurate way;
• ensure all trading activity is always carried out in compliance with all relevant policies and regulations and principles of Eni Group;

  CANDIDATE SPECIFICATIONS

• preferred Educational Qualification is a Degree (with preference for numerate subject such as Engineering, Mathematics or Economics);
• more than 3 years of experience in supply and trading;
• proven track record of delivery;
• experience with derivative instruments for hedging;
• knowledge of market fundamentals and market analysis;
• experience of refining, petrochemical and upstream operations and processes considered as beneficial;
• knowledge of IT standard software and software dedicated to the trading activities;
• strong team player
• courageous, confident, resilient, dynamic and disciplined;
• experience in working in a global and international organization;
• strong written and verbal communication skills and ability to build effective relationships internally and externally;
• full command of English language (written & spoken); knowledge of any other language would be beneficial.

Please note you must have the right to work in the UK.