Crude Oil Trader

Your tasks

The Crude Oil Trader will be a member of the Crude Oil Trading Book, reporting to TL and supporting SK’s commodities trading business. Responsibilities include:

[Managing Crude Oil Trading and Trading Position]

• Trade Crude Oil (including Condensate), Physical, and Derivatives, including identifying and developing new opportunities to ensure optimal outcomes
• Build synergy with the freight team within the Crude Oil Biz, chartering all products, crude and feedstock import, export, backhaul and trading shipments, including spot and time charters, to maximize profits and ensure the product is delivered safely, efficiently, reliably and cost effectively
• To maximize trading profit and achieve targeted team goals through:

1. strategizing sustainable business flows and profit models
2. conducting necessary marketing activities (including overseas business trips)
3. adequate risk management, including hedging and forecasting
4. managing items that cannot be traded, such as Dubai bidding via Platts Window

[Refineries Procurement]

• Work closely with HQ for optimizing of Crude Oil value chain, in charge of the procurement of Crude Oil that SK refineries (e.g. Incheon & Ulsan complexes) need and perform activities to maximize margins for the systems

[Business Support]

• Provide other traders with technical and fundamental market information and recommend methods of hedging and leveraging its position
• Provides market analysis and reporting as required

[Compliance]

• Adherence to all internal and external regulatory requirements and limits

[Management Reporting]

• Be ready for 24/7 reporting on anything related to crude market and book to Management
• Perform research and regularly report on market analysis, trading position and strategy to Management (bi-weekly/Monthly/Quarterly/Yearly)
• Prepare strategic management reports and work closely with Seoul HQ on trading activities
• Responsible for goal setting and achievement of Key Performance Indicators (KPI’s) for members and assigned trading coverage

[Strategy Planning and Stakeholder Management]

• Cultivate relationships that create trust, long-term partnership, collaboration while driving engagement with stakeholders
• Devise multiple strategies of conflict management
• Co-ordinate all parties to resolve the conflict and assess conflict situation by arriving at compromised solutions
• Build long-term customer relationships and propose solution offerings that anticipate customers’ needs and exceed expectations
• Manage, initiate, and drive customer relationships and formulate Customer Relationship Management (CRM) strategies to improve business relationships with customers

Requirements

A self-motivated individual who value integrity, have willing brain engagement in going the extra miles to provide excellent and create happiness and values to stakeholders. A strong candidate should possess the following:

• Degree in International Trade, Business, Economics or other relevant qualifications with strong mathematical inclination
• At least 8 years of experience in the crude oil and oil refining business
• At least 8 years of international trading experience
• At least 1 year of experience of procuring WAF/NWE/Black Sea crude oils for refinery system
• Deep understanding of the oil refinery's crude oil purchasing process and ability to communicate smoothly with the refinery's crude oil purchasing teams and personnel
• In-depth understanding of the global crude oil market and good & reliable relationships with Southeast & Far East Asia refineries and crude oil producers located in Asia and the Middle East.
• Possess relevant experience in developing trade strategies such as spreads and arbitrage
• Strongly analytical and financial modelling skills to assimilate complex and ambiguous data to identify key issues and aid in decision making
• Highly motivated and organized individuals who exhibit strong integrity, work ethics and ability to perform under pressure
• Effective team player with excellent oral and written communication skills and strong stakeholder management skills

Other

Salary will commensurate with qualifications & experience. Only shortlisted candidates will be notified, typically within 2 weeks from the closing date of the posting.