At Eleven, our knowledge of the oil trading, shipping and supply industry is born out of experience. Our parent company Ashley and Dumville, who put down roots in coal and coke sales during the 1880s, saw the family business diversifying into industrial oil trading and shipping in the 1950s, expanding into domestic oil trading and shipping in the 1970s.
This experience positioned us well to understand the needs and complexities of each submarket in the international trading arena and find the best in mid-level, senior management and C-suite professionals within the sector.
We know front office back to front, specialising in trading, origination, sales, derivative marketing and quant analytics. Our risk and finance team are highly skilled at matching candidates with roles in risk management, analysis, finance, compliance and legal, as well as refinery planning and optimisation. We work with candidates in chartering, trading operations, vessel operations and bunkering. To complement our activity in operations, we also represent roles in demurrage, claims and loss control.
Our portfolio of clients globally includes leading commodity trading businesses, IOCs, NOCs, refiners, tanker owners, brokers and investment banks, with a focus on London and Switzerland as well as Singapore, the Middle East and the US.
Get in touch with our specialist consultants to discuss your needs.
Intraday Power Trader
We are delighted to present excellent opportunity for an Intraday power Trader to join a well-established and successful Supply and Trading company based in Denmark. The job holder will carry out intraday proprietary trading in a fast paced trading environment across the market with a focus on UK and Europe. Main Responsibilities: Maximise PnL within Risk and Compliance framework taking responsibility of profit or loss due to internal or external issues or mistakes. UK and European Proprietary trading with development and execution of day-day and intraday strategies. Taking active part in developing and executing of algorithmic trading and automatization. Adhering to market regulations and company risk limits and policies, always acting according to the Remit Rules and in a compliant manner with responsibility to report any non-compliant activities or behaviours. Taking part of rotating shifts (day, evening, night and weekends). Optimising portfolios and exploiting the synergies between them. Obtaining expert understanding of the key drivers of the power market to develop the team’s ability to forecast. Candidate specification: A strong interest in financial markets, renewables, energy systems and trading including the European commodity markets. A thorough understanding of general economic relations and theory. Former experience as a business analyst or trader is preferable. Calm under pressure, ability to handle difficult stakeholders and situations. Flexibility in terms of working hours when required.
Middle Distillates Trader
Our client, a Supply & Trading Business based in Geneva, is currently seeking an experienced Middle Distillates Trader to be responsible for the trade flows around their asset base in North West Europe. This role will also involve some inland trading, particularly in the German market so fluent German is essential. Responsibilities & Accountabilities The primary role is as a middle distillate trader, however as part of an integrated team the candidate will be expected to provide assistance and coverage for other trading and commercial areas falling within the trading group’s remit. The duties within the role include: • Negotiating market prices for product sales from and purchases to assets within the company and with other third parties as required. • Monitoring product markets prices and dynamics to ensure maximum benefit for the group’s commercial activities. Seeking opportunities to capture value from temporary inconsistencies and discontinuities. • Understanding key paper and physical deal components and devising risk management strategies to address such risks. • Executing hedging transactions in accordance with the company’s policies and trading strategies. • Actively managing the risk positions within their book, including deal entry and position and exposure monitoring. • Proactively liaising with and assisting other trading functions such as Shipping, Refinery Scheduling and Production as well as the back office functions of Operations, Credit, Financial and Price Risk Management. • Communicating relevant market intelligence with traders and others in company • Providing timely and detailed product price data to asset economists • Coordinating closely with other books in the trading team, for example Crude and other Products books, asset economists and the marketing groups to ensure a single transparent shared information set • Maintaining and developing counterparty and commercial customer relationships • Proactively supporting the development of refinery and origination income generating opportunities. • Assisting with the group’s project management activities, such as refining and marketing strategies, product development, M+A activity and developing new markets for the group. Personal Profile Track record of success in negotiating and executing physical oil/product transactions, with a middle distillate focus, for both export and local sales Good understanding of product specifications and blending. Experience of refinery economics, physical operations, refinery planning and scheduling Detailed knowledge of negotiating contractual terms for physical and paper deals as well as a sound knowledge of charter parties, legal, VAT, letters of credit etc. Understanding of optionality and how to use and monetise it Key Skills & Competencies Analytical and numerate Strong communication and networking ability Open and trustworthy and a team player Ability to work closely with people of varying degrees of experience and be both trainee/trainer as circumstances befit Fluent in English and German For more information, please contact Peter Morgan