At a Glance
- 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.
- Other info: Work with advanced tools like Excel, SQL, and Python in a fast-paced setting.
- 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.
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
Join a leading global commodity trading company that champions a collaborative culture and dynamic work environment, making it an excellent employer for aspiring Trading Analysts. With a strong commitment to employee growth, you will benefit from rapid learning opportunities and the potential for international roles, all while contributing to the company's ambitious Net Zero 2050 strategy. Enjoy the advantages of working in a pivotal team that plays a crucial role in shaping the future of energy trading.
StudySmarter Expert Advice🤫
We think this is how you could land Trading Analyst - Oil Trading
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Eleven. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Trading Analyst - Oil Trading
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Eleven.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Eleven's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Eleven
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Eleven.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Eleven will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Eleven employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
