Title:

Fuel Oil Trader

Location:

Singapore

Business Line:

Fuel Oils (Low Sulphur & High Sulphur) and Feedstocks

Reports To:

Global Trading Director

Direct reports:

N/A

Internal Clients:

TBC

Our client is an established Trading House who connects producers and users of grains, oilseeds, biofuels, and bio-industrial products, through origination, trading, and distribution globally. As a global leader in commodities trading, they excel in sourcing and delivering raw materials worldwide. Known for integrity and innovation, they navigate complex supply chains efficiently, managing risk and maximizing opportunities. Committed to sustainability, they prioritize ethical sourcing and environmental responsibility. Through technology and partnerships, they drive industry innovation, contributing to community development and shaping the future of commodities trading. They excel in facilitating the transportation of bulk commodities across international markets and offer a dynamic and collaborative work environment where talented individuals thrive and grow.

PURPOSE

For the role of Fuel Oil Trader, we seek an experienced Trader with good abilities to work in teams and a business-oriented approach. The selected candidate will be responsible for all the range of heavy products, with a special focus on both LSFO and HSFO. The heavy products role includes physical and derivatives tasks, along with blending and storage, and knowledge of hedging and refining. The position also demands strong analytical capabilities and experience in business development activities. The selected candidate will be part of a multicultural local team in Singapore, and global player in coordination with other global offices.

Key Accountabilities:

• The Individual will be a member of a dynamic Fuel Oil Team in Europe, the Middle East, and Singapore.
• The Individual will develop, negotiate, and conclude fuel oil and its components and feedstocks sales/purchases.
• Deep focus on Asia Fuel Oil Heavy Products market and knowledge of market flows / and activity of relevant refiners
• Experience in oil blending and storage management.
• Good risk management - Design hedge strategies for physical positions. Knowledge of price/pricing concepts & structure
• Perform all necessary activities to comply with company standards within a highly controlled environment governed by external regulatory requirements as well as internal controls.
• Communicate and develop remote business relationships internal and external.
• Network and maintain relationship with market players i.e., producers, refiners, traders, and end-users to keep abreast of market developments and opportunities.
• Technical lead role and able to develop new business for the desk. Active participation in a team P&L/value generation.

Required Experience & Qualifications:

• Bachelors degree in economics. Finance, Business or Engineering
• At least 7 years experience in Oil Trading Business (cargo or paper experience, only Bunker will not be considered)
• Experience in fuel oil or feedstocks trading will be highly valued.
• Deep understanding of risk management and paper trading.
• Ability to work in a multi-cultural fast-paced work environment.
• Flexible, proactive, creative mind result-oriented and customer-focused
• Extensive contacts in Fuel Singapore market and/or Asia Fuel Oil Market (Korean & Japanese market knowledge will be highly valued)
• Strong knowledge of Asian streams, components, and flows
• Deep understanding of shipping / chartering activity. Including floating storage operations and economics.
• Self-sufficient and able to build a business from scratch.
• Strong team player.
• Ability to lead trading decisions at the desk.
• Responsible for Safe, reliable operations