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.
We have a great new opportunity for a Settlement Officer, with a client who is the world's largest oil refining, gas and petrochemical conglomerate. With a presence globally, our client is mainly engaged in overseas capital operations and cash management with a focus on the business needs of the group’s overseas subsidiaries. This role is a wholly-owned subsidiary responsible for providing high-quality financial services for its sister companies in the UK ,Europe and Africa . Job Responsibilities The Settlement Officer position is a vital role reporting to the Senior Manager, with a functional reporting line to Head Office in Hong Kong. Cash management – Reporting flow of cash in and out of the company. Liaising with other finance centres and other sinopec entities accordingly re cash/funding requirements/reporting. Collating of all Treasury payments to be made on any given day. Checking/Processing of payment instructions – Sending signed instructions to bank either via fax or electronic means. At same time checking that bank instructions are complete, compliant and not compromised. Booking/Reconciling of loans/loan positions with house banks – booking of loans/deposits as per Corporate requirements, ensuring that loan rates/maturities are correct. Debtors/Creditors reporting to identify where payments have not been made on time/funds have not been received on due date. Job requirements Degree - level education or equivalent in Economics, Finance, Business Management or related field Strong IT skills with good working knowledge of MS Office products Strong communication & interpersonal skills Proven experience working in a Treasury department Experience working in the treasury department of a major bank or commodity house
Trade Control and Operational Risk Oil Manager
City of London
We are looking for a Trade Control and Operational Risk Manager to join our client's London office. Key Responsibility Areas: Develop operational risk policies and standards for risk management for new business activities, including but not exclusive to New Product Approvals (NPA), Non Standard Deal Approvals (NSDA) and New Commercial Activity Integration (NCAI) across physical and financial oil. Monitor operational risk indicators and perform ad hoc risk assessment. Coordinate with senior management in performing operational risk reviews developing key risk and control indicators. Track and monitor operating risk incidents investigating root causes of operational risks and provide support to mitigate risk. Review operational risk reports presenting this and remediation actions to senior management on regular basis. Support and coordinate deep dive where required of operational incidents that may have a regular occurrence or significant exposure to the business and provide to the governance structures with support of relevant functions risk mitigation proposals to prevent/minimise reoccurrence. The ideal candidate: Relevant senior experience within a Trade Control, Compliance Operational Risk and Market Risk environment in an oil trading company or Risk Consulting company Advanced knowledge of risk metrics and internal control systems applicable for oil physical and financial transactions Knowledge of control processes applicable in a trading / regulated environment Advance knowledge of Oil markets (physical and financial) Knowledge of Oil operations (i.e. pipeline nomination, vessel chartering, shipping) Full command of English language (written and spoken). Knowledge of Italian would be beneficial For more information, please contact Sarah.
An excellent opportunity has arisen for a proactive and tenacious sales executive to join a well-regarded international tank storage business based at one of their terminals in Tallinn, Estonia. The successful candidate will be responsible for the renting out of capacity at this strategically located asset with a primary focus of targeting customers in the Baltic, Russian and NWE region. Main Tasks: Renting out tanks and other services Drafting offers and contracts Attract new business/new customers/renew or extend contracts Develop long term and structural relationships with (potential) customers Ensure a comprehensive knowledge of the market Proactively seek and propose business opportunities Issuance of monthly commercial reports General Responsibilities: Responsible for building long term relationships with (potential) customers Can act and negotiate at high level Responsible for Commercial Contract Management Co-responsible for Sales (storage and services) budget General knowledge of market and new developments Maintaining contact with his/her peers within the wider group Responsible for on time payments (A/R) Compliance with company Standard Operating Procedures Ensures customer satisfaction Previous Experience: Minimum 5 years relevant knowledge and experience in commercial function in the service industry Knowledge of Baltic/Russian and (NW) European Oil and Chemical market is preferred Knowledge of industry standards, marketing and sales policies and processes Education: Bachelor / Master’s Degree or comparable Proven track record in oil/chemicals industry or related fields Languages: Russian and English Personality Profile: Team player; Good communicator; Service minded; Positive mindset; Pro-active; Result driven; Strategic thinker; Smart negotiator; Flexible For more information, please contact Peter Morgan