Oil Trading, Shipping and Supply

​Market Risk Analyst – Crude and Derivatives

Competitive

London

We are looking for an experienced Risk Analyst to join an International Commodities Trading Firm in Central London. The crude & derivatives market risk team provides daily performance and market risk analysis for both physical crude and flow trading business and will work very closely with the traders and the other parts of the business. The team provides real-time front-line control and management information for management, and traders. This includes daily PNL & risk reporting, ad hoc risk analysis. The role also involves participating projects in improving the ETRM system. Because of the unique position of the team in the middle of the business commercial activities, the team will also support broader commercial activities This is a pivotal team in this dynamic business and experience of this area could lead to a range of interesting and challenging career options in the trading and shipping business. KEY RESPONSIBILITY AREAS Ensure that all risk limits are adhered to and assist in implementing new limits when necessary; Assist in identifying the significant risk within the business, ensuring that they are transparent to senior management Maintain a good knowledge of the current physical crude market as well as the refinery system; Support front office in new products and non-standard products approval; Contribute to the month and quarter-end activities with Back Office/Accounting for crudes and derivatives portfolios; Develop and maintain strong business relationship with different functions, e.g FO, BO, IT, Planning & Control; Guarantee compliance for trading procedures with relevant controls and support when necessary internal and external audit requests; CANDIDATE SPECIFICATIONS University degree in economics, finance and / or engineering discipline; Good knowledge of derivatives trading and EMEA oil market Previous work experience/internship within a bank and trading environment is a plus; Strong and solid knowledge of MS Office suite including excellent Excel and VBA skills, Matlab & SQL knowledge a plus; Ability to build and nurture effective relationships internally and externally; Full command of English language (spoken and written).

Operations Documentation Associate

Competitive

We have an exciting opportunity for a talented Operations Documentation Associate to join a top level International Trading Company. Our client is well respected with a highly regarded leadership team who can offer personal development and career progression. Key Responsibilities Working within Operations, the core responsibilities of this department includes reconciliation, confirmation and settlement of commodity products. This team is an integral part of the company and ensures that risk is captured accurately, and the full life cycle of the trade is supported efficiently and effectively. The key responsibilities include: Reconciling OTC and exchange Traded positions for a variety of commodities Monitoring and updating daily reporting via Confirmation system Managing Performing Regulatory Reporting for relevant OTC positions Working closely with Traders and Logistics, and resolving queries Documenting processes and procedures Experience Required For this Operations Documentation Associate role, the ideal candidate will have experience of the following: Bulk settlements experience preferred Excellent Excel skills Ideally experience working for an Investment Bank or Commodity Trading Company Ideally a graduate (minimum 2:1 in Business, Maths, Engineering or Accounting) Team player who is able to communicate globally at all levels Ability to multi task and work under strict deadlines For further information or a confidential discussion around your career aspirations, get in touch with Annie on annie@elevenrecruitment.com or Orit Brown on orit@elevenrecruitment.com or Sarah Stott on sarah@elevenrecruitment.com.

Operations/Letter of Credit Analyst

Competitive

London

We are looking for an Operations/Letter of Credit Analyst to join a Global Commodities Trading Business in Central London. This is an excellent opportunity to be part of a dynamic and creative team! The operations team manages the reconciliation, confirmation and settlement of commodity products within the business. Working with the logistics team and traders, operations ensure that risk is captured accurately, and the full life cycle of the trade is supported effectively. As the business continues to expand and grow, we are looking for a Letter of Credit Analyst to join the operations team. This role will complement the responsibilities of the other team members and work as part of the team to achieve all the Operation group’s objectives. Principal responsibilities include: Negotiating LC documentation and reviewing associated shipping documents Liaising with Trading/Logistics team to resolve queries and discrepancies Negotiating LC rates and charges with banks and clients Monitoring and updating daily reporting via internal risk system Documenting processes and procedures Qualifications We are looking for a self-motivated candidate in commodities operations. Ideally a graduate with minimum upper second-class honours in a related subject degree (e.g. business, mathematics or accounting). The successful candidate will have experience in commodities (metals/grains/coal/gas/power). Must be able work both in a team and remotely on their own, be organised, efficient and possess strong interpersonal skills with the ability to communicate globally at all levels. A strong proactive work ethic with a desire to drive tasks to completion is also required, along with a strong attention to detail. A strong interest in technology and technology based solutions is also important.

Oil and Products Options Trader

Denmark

​This opportunity is for an experienced trader and competent sales person to work with an established and growing energy trading team with access to an inhouse physical oil business and an extensive client base. Are you looking for a great diversity of trading opportunities within a role? Are you looking to work in financial and physical markets? We are excited to look for an Oil and Products (middle distillates) Options Trader. The client is a well established, international, energy risk management business based in Denmark. In the role you will: Maintain volatility and correlation curves in line at all times Price, execute and hedge internal flow Be rigorous in your risk management and daily reporting Maintain and help develop new trading systems and optimise risk management and trading processes You should have: 3-5 years experience on oil options trading within a bank/financial institution or physical trading house Excellent understanding of trading systems, exchange rules and OTC markets VBA/Python or other relevant programming language knowledge A thorough understanding of financial derivatives’ risks, regulations, and product specific trading rules Established relationship with European and American brokers Excellent communtication skills Understanding of FX and Index options is preferred To find out more about this role, or to apply, please contact Rebecca Holland

WAF Crude Operator

Competitive

London

Great opportunity for an experienced Crude Oil Operator, with previous experience working in the West African market, to join the London crude trading desk of an international oil trading business. ​ Responsibilities Ensure all obligations arising from contracts are fulfilled in accordance with the company’s corporate governance. Liaise with traders, shipping operators, middle and back offices and internal/external parties concerned to ensure smooth operations on a regular basis, including all post-deal activities such as cargo claims and finance operations processes Prepare, review and follow-up necessary documents in cargo operation such as Document Instruction counter party as it’s the key for Operation and Documentation guidance in every shipment Ensure all operational information is entered into trading system and keep necessary working records to meet the company’s data storage regulations Assist the traders on market intelligence and data collection Ensure all sales from storage tanks are accurately matched with trade strategy and current paper deal Provide operational and administrative support as required and also closely coordinate with US and Singapore offices Prepare monthly lifting report on trading cargo to submit to management Take part in out of hours coverage arrangements Ad-hoc duties as assigned ​ Skills and experience Minimum Bachelor Degree in engineering, science, economics, logistics, business management or equivalent Minimum 5 years of relevant experience in crude oil / petroleum product industry Relevant knowledge and experience in trading houses will be an advantage Proficient in Microsoft Office skills ​ If you feel this role is a good fit for you, or you would like to discuss similar roles, please contact Peter Morgan. Otherwise simply click to apply.

Senior Middle Distillates Trader (ideally German speaking)

Competitive

Geneva

We are seeking an experienced, preferably German-speaking middle distillates trader for a supply & trading business based in Geneva. You will 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 strongly preferred. Responsibilities & Accountabilities The primary role is as a middle distillate trader, however as part of an integrated team you 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. Experience 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 (spiral), 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 about this excellent opportunity, please contact Peter Morgan or click to apply.

Oil and Products Trader - Dubai

Competitive

Dubai

​Do you want to work for an organisation in rapid growth? Our client is looking for an experienced oil & refined products trader to join their office in Dubai. If you thrive in a fast-paced environment and have a great track record within the trading community, then you might be the perfect fit. ​ A role with great independence and development As a Trader, you will be responsible for developing your own trading and hedging strategies with regional clients on paper and our group in the physical cargo business. You will also play a key role in the future regional business development of the company. Your responsibilities will include: Quoting clients in most oil and refined products swaps including some major regional crude, fuel oil gasoline and diesel grades Working closely with group companies in hedging physical cargoes in the region and to West Africa, with an emphasis on Mogas/Naptha Looking at all regional energy markets and exploit trading opportunities based around regional oil dynamics. ​ An experienced trader with regional commercial development focus As a key employee you will possess high business acumen and have strong commercial experiences. Moreover, we expect that you: Have 7-10 years’ experience with physical trading and with strong knowledge of derivatives Are based, or have prior significant experience, in working in the MENA region Are able to demonstrate a granular understanding of the various products and grades trade flows and their corresponding freight component Are able to explain the pricing dynamics for different grades and components at pricing points. Are fluent in English both written and orally Have a relevant undergraduate degree Are willing to travel when needed and safe to do so ​ Apply now and be part of the journey We are already looking forward to hearing from you. If you think this could be the right position for you, please contact Peter Morgan or click to apply.

Expert Accounting Controller

Competitive

London

​We have an excellent opportunity for an Expert Accounting Controller with an international commodities trading house in Central London. The role has a wide and interesting scope, including performance management, cash flow forecasting and supporting numerous projects This is a fixed term contract – most likely to become permanent. Key Requirements Qualified accountant (ACA/ACCA/CIMA) Minimum of 2 years working in a commodities trading entity (oil/metals/gas). Strong interpersonal skills, can communicate complex technological details in plain English, can be commercial/forward looking (planning/budgeting/forecasting). Good written skills. Contact Sarah Stott for more information and to apply for this role.

Regulatory Advisor/Risk Analyst

€50,000 - €70,000

Germany

​This is an exciting opportunity to join a top level international commodity trading company. Our client is looking to hire a talented Regulatory Advisor/Risk Analyst to join their expanding team. Our client has a strong track record, is highly respected and established. If you are looking for career progression and the opportunity to work in Germany, our client can offer both. The culture is best described as collaborative; all working together successfully to achieve the shared goal of being a true partner to their clients. Working within Commercial Operations, the core responsibilities of the Regulatory Advisor/Risk Analyst includes assisting in the establishment of the current and future regulatory requirements. There is scope to manage staff over time. The key responsibilities include: 70% of the role Being the subject matter expert regarding regulations such as EMIR, MIFD11, REMIT and MAR Maintaining close relationships with the Trading Desks Understanding commercial strategy, potential new markets and products and forthcoming major transactions Identifying significant regulatory challenges and commercial opportunities Identifying operational risks arising from regulatory compliance requirements and liaise with operational risk management in the implementation of effective reporting, control and mitigation processes Helping to ensure that the business understands and complies with its relevant regulation compliance requirements Work with other departments (e.g. Compliance) to ensure that appropriate compliance procedures are implemented 30% of the role: Risk analytics including profit and loss analysis and calculations What experience do I need? For this Regulatory Advisor/Risk Analytics role, the ideal candidate will have experience of the following: 3-5 years’ experience of regulatory affairs and compliance Profit and loss analysis and calculations Complex understanding of the energy regulatory framework and market design with excellent commercial insight Strong understanding of wholesale Gas, LNG, power or oil is an advantage Ability to multi task and work under strict deadlines Experience of streamlining processes and procedures For further information or a confidential discussion around your career aspirations, get in touch with Annie on annie@elevenrecruitment.com

Middle Officer

Competitive

Geneva

​We are looking for a Middle Officer to join an Oil Trading House in our client's Geneva office. This role will include following up of both crude and oil physical books, compiling the daily positions to hedge and perform hedging on the market, in line with the hedging strategy of the company. Key Responsibilities Evaluate market dynamics in order to propose best hedging strategy in order to ensure: Plain Vanilla hedging on all the crude, feedstock and products books in order to achieve average of the month benchmark Inventory hedging in order to protect volume fluctuations above or below minimum operational targets defined by the appropriate Group’s functions Assure Netting of positions between books through proper internal deal postings Evaluate hedging effectiveness of above and propose appropriate improvements Manage trigger contracts with Marketing division, subsidiaries and clients ​ The role will also include ensuring appropriate Middle Office activities in particular by: Timely feeding CTRM systems or other risk system/tools with paper positions Proper liaison with traders, operations and Risk department Liaison with IT department for proper configuration of CRTM system in terms of strategies/books ​ Experience & Key skills 5-8 years’ experience in a similar role in Middle Office Good working knowledge and understanding of all aspects of hedging, trigger contracts, deal execution Networking and Team Player skills. Fluent English and knowledge of Italian would be useful Good knowledge of CTRM systems and CXL knowledge would be a plus