Senior Crude Oil Trader

The Company

Our client is a regional market leader for crude oil refining and marketing.

The Opportunity

This key role will be responsible for the identification, negotiation and execution of supply deals for crude products in Mid-continent North American markets. The Senior Crude Oil Trader will participate in the development of strategy and execution of commercial activities and develop and maintain relationships with a broad base of suppliers. Accountable for the achievement of specific margin and EBITDA targets, this role functions as part of a team dedicated to maximizing Company returns on this package of business.

Key Responsibilities:

  • Provide guidance, direction and leadership to the logistics scheduling team
  • As part of a small team, develop strategies for crude acquisition and supply responding creatively and flexibly to changes and opportunities presented by the market
  • Identify optimal feed slate and plan commercial market activities to identify suppliers and negotiate spot purchases or sales contracts to maximize margins of mid-continent crude
  • Develop relationships with suppliers across the broad spectrum of the industry in Western Canada and mid-west USA individually and as part of the commercial team
  • Work collaboratively with logistics & refining teams to facilitate loading and storage opportunities with suppliers and third parties ensuring that supply chain assets are fully utilized. Resolve and trouble shoot issues as required.
  • Provide inputs and utilize outputs of financial analysis to inform decision making and commercial opportunities. Independently research the market and industry to develop a high level of understanding of the current and near term state of the market.

The Individual

The ideal candidate will possess the following skills, credentials, experience and personal attributes:

  • Post-secondary degree in relevant field (Business, Marketing or Engineering)
  • Approximately 7-10 years of industry related experience including at least 1-2 years of trading experience
  • Strong analytical, written and verbal communication skills supported by proven experience in business presentations and negotiations
  • Strong understanding of well head economics, logistics and crude oil pricing

 

Key Core Competencies:

  • Initiative - self driven to accomplish and exceed goals
  • Teamwork - work effectively with small direct team that is geographically disbursed to achieve goals and actively collaborate with broader organizational teams
  • Adaptability – flexibility to adjust to changing demands, responsibilities and issues
  • Decisiveness – move quickly on issues and opportunities weighing risks in a fast paced environment
  • Communications – Strong verbal communication skills – ability to conduct clear concise conversations that result in shared understanding