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- Tasks: Support Traders by analysing market data and preparing reports for oil trading.
- Company: Join a leading global commodity trading company with a collaborative culture.
- Benefits: Excellent career prospects, rapid learning opportunities, and a dynamic work environment.
- Why this job: Be part of the Net Zero 2050 strategy and make an impact in the energy sector.
- Qualifications: University degree in a quantitative discipline and prior experience in oil trading/analysis.
- Other info: Work with advanced tools like Excel, SQL, and Python in a fast-paced setting.
The predicted salary is between 36000 - 60000 £ per year.
Exciting opportunity to join a Leading Global Commodity Trading company who is looking for a Trading Analyst to join their expanding Oil Trading Team. You will be responsible for providing assistance to Traders and Managers, preparing reports, market reports and performing calculations. In addition, you will be expected to handle various ad hoc requests assigned to the team or your line manager, contributing to the smooth and efficient operation of Trading activities. The team plays a crucial role in the company’s Net Zero 2050 strategy and benefits from the company’s strong trading position and global integration. A collaborative culture and dynamic work environment. Excellent career prospects – rapid learning opportunities with potential for movement across teams and international roles.
Main responsibilities
- Supporting Traders
- Analyze market data to support the development and execution of trades.
- Ensure exposure positions and P&L reports are accurate.
- Ensure physical and derivatives transactions are booked accurately.
- Set up, maintain, and improve a cargo tracking system (vessels’ B/L, destination, WS rate).
- Liaise with Middle Office for P&L, exposure and pricing reconciliation.
- Prepare various reports, spreadsheets and research projects.
- Conduct market analysis (supply and demand, global crack spreads, margins).
- Deliver weekly internal presentations on P&L, physical and paper activity.
- Update daily Excel sheets reflecting market structure and movements.
- Perform arbitrage and crack spread calculations.
- Track refinery turnarounds.
- Monitor and report on shipping cargoes.
Additional responsibilities may include
- Risk management and market monitoring.
- Liaising with the Shipping Department, Operations, Contracts and other Trading desks, including overseas offices, as instructed by traders.
- Interacting with counterparties (including Company Group divisions) as instructed by traders.
Experience and qualifications required
- University degree in quantitative discipline (e.g. Engineering, Mathematics, Statistics, Physics, Economics, Finance, or related).
- Prior experience in a role related to oil trading/analysis.
- Strong knowledge of oil products, LPG would be an advantage.
- Advanced knowledge of Excel/VBA; knowledge of SQL and Python would be an advantage.
- Result-oriented, proactive and responsible approach, able to work with a strong attention to detail in a fast-paced environment.
- Strong communication and interpersonal skills, a strong team player with a positive attitude.
- Demonstrated drive, innovation, and a genuine interest in energy and trading.
Trading Analyst - Oil Trading employer: Eleven
Contact Detail:
Eleven Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Trading Analyst - Oil Trading
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and its trading strategies. Be ready to discuss how your skills in market analysis and Excel can contribute to their Net Zero 2050 strategy. Show them you mean business!
✨Tip Number 3
Practice your presentation skills! Since you'll be delivering weekly internal presentations, being able to communicate your findings clearly and confidently will set you apart from other candidates.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen. Plus, we love seeing candidates who are proactive about their job search. Let’s get you into that Trading Analyst role!
We think you need these skills to ace Trading Analyst - Oil Trading
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Trading Analyst role. Highlight any relevant experience in oil trading or analysis, and don’t forget to showcase your skills in Excel, VBA, and any other tools mentioned in the job description.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re passionate about oil trading and how your background makes you a perfect fit for our team. Keep it concise but engaging!
Showcase Your Analytical Skills: Since the role involves a lot of market analysis and report preparation, make sure to include examples of how you've successfully analysed data or created reports in previous roles. Numbers speak volumes!
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and get you on our radar quickly!
How to prepare for a job interview at Eleven
✨Know Your Market
Before the interview, dive deep into current trends in the oil market. Familiarise yourself with recent news, supply and demand dynamics, and any significant price movements. This will not only show your passion for the industry but also help you answer questions about market analysis confidently.
✨Excel is Your Best Friend
Since advanced Excel skills are crucial for this role, brush up on your Excel functions and VBA knowledge. Be prepared to discuss how you've used these tools in past roles or projects. You might even want to bring a sample of your work to demonstrate your capabilities.
✨Showcase Your Analytical Skills
Be ready to discuss specific examples where you've analysed data to support trading decisions. Highlight your experience with calculations like arbitrage and crack spreads, and explain how your insights contributed to successful outcomes. This will illustrate your analytical mindset and relevance to the role.
✨Emphasise Team Collaboration
This position requires strong teamwork, so be sure to share experiences where you've successfully collaborated with others. Discuss how you’ve liaised with different departments or worked on group projects, showcasing your communication skills and positive attitude. This will resonate well with their collaborative culture.
