Oil Derivative Analyst

London (Greater)
From £50,000 to £65,000 per annum + Bonus + Benefits
Closing date
27 Oct 2020

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Our client is an International Oil trading company who are looking to add to their team with the addition of a Derivatives Analyst ready to step up with additional responsibilities.

This role would suit someone with a minimum of 4 years’ previous Oil derivative experience across both OTC and exchange cleared markets, who is ready take the next steps in their career moving towards trading.

The overall responsibility in terms of decisions related to trading will be taken by head office, but you will be responsible for market analysis and negotiation of derivative instruments as well as hedging and executing trades.

Main responsibilities:

  • Perform complex and impactful derivatives trades, for hedging purposes, following HQ’s guidelines and joint operational planning and approval from the company’s physical trading managers;
  • Perform market analysis (quantitative, qualitative and technical) of crude oil, gasoline, naphtha, distillates, jet, propane, butane, fuel oil, LNG and freight in Europe and Global markets and prepare daily, weekly and monthly market reports for internal use;
  • Elaborate presentations and participate in daily internal conference calls with HQ,
  • Analyse the exposure to price risk of the physical and derivatives portfolio, propose and implement actions to trading strategies (ensuring that they are at the approved limits);
  • Negotiate derivatives instruments of crude oil, gasoline, naphtha, distillates, jet, propane, butane, fuel oil, LNG and freight, mostly in European markets, but also in global market, both OTC (Over the Counter) and/or exchange cleared contracts;
  • Identify trading opportunities related to the company’s physical portfolio, present and obtain approval for them, negotiate and execute trades up to pre-defined limits and risks parameters involving diversified third parties;
  • Assist the company in derivatives related matters and price information, such as margin requirement controls, accounting support documentation, invoicing process, derivatives regulatory legislation, etc;
  • Provide training and support on the CTRM system;
  • Support the company’s management on matters related to regulatory agencies and exchanges (CFTC, Dodd Frank, Emir, MAS, NYMEX, ICE, etc).

  • Qualification and technical skills:

  • Proven extensive experience (min 4-6yrs) in performing the activities as indicated on the description above and in negotiating oil derivatives (Fuel Oil, Crude, LPG, Gasoline, Naphtha, Distillates), both on OTC and exchange cleared markets in a large oil company, commodity trading company, or large bank,
  • Fluency in both English and preferably Portuguese, written and spoken.
  • University degree (desired in engineering, chemistry, logistics, shipping, business, finance or economics);
  • Trader should have analytical skills and proven experience in both technical and fundamental analysis
  • Experience in CTRM systems, preferably on Commodities XL;
  • When required by the Company, the Trader should be available to perform derivatives trades to support other offices covering other markets,
  • Advanced skills in MS Excel (desirable VB/macro skills);
  • Knowledge in Bloomberg or Reuters terminals, and electronic trading platforms;

  • Other skills:

  • High regard for confidentiality
  • Work ethics
  • Attention to detail
  • Problem solving and troubleshooting skills
  • Strong team player

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