At a Glance
- Tasks: Develop and execute trading strategies for fuel oil and feedstocks in a dynamic market.
- Company: Join ExxonMobil Global Trading, a leader in the energy sector with a collaborative culture.
- Benefits: Competitive salary, comprehensive benefits, and opportunities for professional growth.
- Why this job: Make impactful trading decisions and optimise assets in a fast-paced global environment.
- Qualifications: 7-10 years of trading experience with strong analytical and negotiation skills.
- Other info: Be part of a global team that values information sharing and collaboration.
The predicted salary is between 80000 - 100000 ÂŁ per year.
ExxonMobil Global Trading is looking for an experienced Feedstocks / Fuel Oil Trader to join our dynamic and rapidly growing global Heavy Distillates team. This role will be responsible for riskâon trading in physical and/or derivative markets, optimizing ExxonMobil assets, managing risk, and capturing value through strategic trading decisions and global arbitrage. This role requires strong market analysis, negotiation skills, and collaboration across internal and external stakeholders to maximize profitability and ensure compliance with all applicable regulations and company policies.
Job Role Responsibilities
- Develop and execute trading strategies for feedstocks / fuel oil, leveraging market fundamentals and ExxonMobil assets to unlock opportunities that capture value.
- Initiate, negotiate, and execute physical and/or derivative trades to express market views and/or hedge exposures.
- Continuously monitor market conditions, supply/demand dynamics, and competitive developments, and share them internally.
- Participate in an active global team where information sharing and close collaboration are highly valued to maximize outcomes.
- Evaluate and execute discretionary opportunities beyond core business (e.g., storage, blending, freight, arbitrage).
- Work closely with Operations team to manage physical inventory positions and optimize transportation and logistics decisions.
- Manage market and operational risk, ensuring adherence to company policies and industry regulations.
- Recommend and implement changes to shortâterm supply and sales plans to optimize asset value (i.e., product yield shifts, import/export adjustments).
- Collaborate with Risk, Credit, Legal, Accounting, and other teams throughout the trade lifecycle.
- Conduct all business with the highest ethical standards and in strict compliance with sanctions and other regulations.
Required Qualifications
- 7â10 years of experience in physical/paper energy trading.
- Physical and/or derivatives trading experience in petroleum products.
- Experience with European fuel oil and/or feedstock markets (HSFO / CBO / VLSFO / HSSR / LSSR / VGO) highly preferred.
- Solid understanding of commodity markets, trade flows, supply/demand fundamentals, arbitrage economics, etc.
- Proven ability to develop and execute profitable physical / paper trading strategies.
- Strong analytical, problemâsolving, leadership, and organizational skills.
- Excellent negotiation and communication skills to build collaborative relationships and work on a large global team spanning multiple time zones.
- Deep understanding of commodity risk management, hedging, VAR and exposure management.
- Deep knowledge of Jones Act and foreign flag freight, blending, and storage logistics.
Functional Skills
- Energy Commodity & Derivative Trading.
- Negotiation.
- Opportunity & Market Identification.
- Trading Market Analysis.
- Quantitative & Technical Trading Analysis.
- Energy Risk Analysis & Mitigation.
- Strategic Contract Development.
- Optionality Valuation.
- Trading Scheduling.
- Deal Structuring.
- Financial Markets Execution.
- Market Pricing Mechanisms.
Senior Trader - Fuel Oil/Feedstocks in London employer: Esso
Contact Detail:
Esso Recruiting Team
StudySmarter Expert Advice đ¤Ť
We think this is how you could land Senior Trader - Fuel Oil/Feedstocks in London
â¨Tip Number 1
Network like a pro! Reach out to industry contacts, attend trading events, and join relevant online forums. The more people you know in the fuel oil and feedstocks space, the better your chances of landing that dream role.
â¨Tip Number 2
Show off your skills! Prepare for interviews by brushing up on your market analysis and negotiation techniques. Be ready to discuss your past trading strategies and how theyâve led to successful outcomes.
â¨Tip Number 3
Stay updated on market trends! Regularly check news sources and reports related to fuel oil and feedstocks. This knowledge will not only help you in interviews but also demonstrate your passion for the industry.
â¨Tip Number 4
Apply through our website! We love seeing candidates who are genuinely interested in joining our team. Make sure to highlight your relevant experience and how you can contribute to our global Heavy Distillates team.
We think you need these skills to ace Senior Trader - Fuel Oil/Feedstocks in London
Some tips for your application đŤĄ
Tailor Your CV: Make sure your CV is tailored to the Senior Trader role. Highlight your experience in physical and derivatives trading, especially in fuel oil and feedstocks. We want to see how your skills align with our needs!
Showcase Your Market Knowledge: In your application, demonstrate your understanding of commodity markets and trading strategies. Share specific examples of how you've successfully navigated market conditions in the past. This will show us you're the right fit for our dynamic team.
Highlight Collaboration Skills: Since this role involves working closely with various teams, emphasise your collaboration and negotiation skills. Share instances where youâve worked with different stakeholders to achieve a common goal. We value teamwork at StudySmarter!
Apply Through Our Website: Donât forget to apply through our website! Itâs the best way for us to receive your application and ensures youâre considered for the role. We canât wait to see what you bring to the table!
How to prepare for a job interview at Esso
â¨Know Your Market Inside Out
Before the interview, dive deep into the current trends and dynamics of the fuel oil and feedstock markets. Be prepared to discuss recent developments, supply and demand shifts, and how they might impact trading strategies. This shows youâre not just knowledgeable but also genuinely interested in the role.
â¨Showcase Your Trading Strategies
Come armed with examples of successful trading strategies you've developed or executed in the past. Highlight how you leveraged market fundamentals to capture value and manage risk. This will demonstrate your practical experience and strategic thinking, which are crucial for this role.
â¨Emphasise Collaboration Skills
Since this role involves working closely with various teams, be ready to share examples of how you've successfully collaborated with others in previous positions. Discuss how youâve built relationships across departments and how that has led to better trading outcomes.
â¨Prepare for Ethical Scenarios
Given the importance of compliance and ethical standards in trading, think about how you would handle potential ethical dilemmas. Be prepared to discuss your understanding of regulations and how you ensure adherence in your trading practices. This will show that you take compliance seriously and understand its significance in the industry.