Crude Oil Trading Analyst

Crude Oil Trading Analyst

City of London Full-Time 36000 - 60000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Assist traders in managing deals and logistics while ensuring compliance.
  • Company: Join a dynamic marketing and trading business in the global energy sector.
  • Benefits: Gain valuable experience in a fast-paced environment with potential for growth.
  • Why this job: Be part of a growing team that impacts global energy operations and trading.
  • Qualifications: Bachelor's degree in Marketing, Logistics, Petrochemical or related fields required.
  • Other info: Ideal for those passionate about the crude oil market and eager to learn.

The predicted salary is between 36000 - 60000 £ per year.

Job Description

Our client is a marketing and trading business supporting global energy operations. They are involved in equity production marketing, third-party trading, shipping, storage, and derivatives. The organisation operates across global time zones and continues to grow its European customer base across a range of energy products.

Due to continued expansion, we are seeking a Trading Analyst to assist the Traders in managing the logistics of a deal to the best commercial advantage whilst ensuring all contractual and compliance obligations are met, acting as an alternative operational interface with internal and external stakeholders, ensuring the traders requests are well met.

Responsibilities:

  • Supporting physical / paper Traders. Assisting traders during executing trades by draft recap, monitoring positions exposure, and necessary communication with operation personnel on behalf of trader.
  • To Support market research. To provide support for trading analysis and commence relevant research on physical and derivative markets, providing necessary assistance under trader’s instruction.
  • To consolidate Trading records. Collecting/Analysing/Recording/Reporting the trading data under the instruction from trading and line manager.
  • Supporting and managing the trading system input, maintain accurate records of trades, positions, and trading system for compliance and reporting purposes. Be able to use relevant trading/approving platform.
  • Support to Risk Management. To assist in monitoring and managing risk exposure by implementing risk controls and monitoring trading limits and necessary communication with risk control.
  • Communicate effectively with traders, brokers, and other team members to ensure smooth trade execution and resolve any issues that may arise.
  • Other tasks which trader/line manager/Senior management request to help.

EDUCATION/ QUALIFICATIONS:

  • Bachelor’s degree or degree level qualification in Marketing, Logistics, Petrochemical or other related subjects

SKILLS & COMPETENCIES:

  • High sensitivity to the crude oil and petroleum products market
  • Well-developed listening skills and collaborative instincts and excellent skills in communicating, negotiating, networking and influencing internally and externally
  • Knowledge of the following oil and gas commercial agreements preferable: Joint Operating Agreements, Construction & Tie-in Agreements, Transportation & Processing Agreements, Allocation Agreements,
  • Commercial awareness/instincts to ensure rational economic results of operational alternatives
  • Ability to work under pressure
  • Ability to prioritise and organise work and work to deadlines
  • Numerate and computer literate
  • Basic knowledge in Operations, Risk control, Trade Finance, Cargo Operation and Shipping market
  • Basic to advanced knowledge in MS Office Platts, ICIS and Thomson Reuters etc.

Crude Oil Trading Analyst employer: RICHARD JAMES RECRUITMENT SPECIALISTS LTD

Our client is an exceptional employer, offering a dynamic work environment that fosters collaboration and innovation in the energy sector. With a strong commitment to employee development, they provide ample opportunities for growth and advancement, alongside a competitive benefits package. Located in a vibrant European market, employees enjoy a culture that values diversity and encourages proactive engagement with global energy operations.
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Contact Detail:

RICHARD JAMES RECRUITMENT SPECIALISTS LTD Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Crude Oil Trading Analyst

✨Tip Number 1

Familiarise yourself with the key players in the crude oil market. Understanding who the major traders, brokers, and companies are will help you network effectively and demonstrate your knowledge during interviews.

✨Tip Number 2

Stay updated on current trends and news in the energy sector, particularly regarding crude oil. This will not only enhance your market research skills but also show potential employers that you are proactive and engaged with the industry.

✨Tip Number 3

Develop your analytical skills by working on real-world trading scenarios or simulations. This practical experience can be a great talking point in interviews and demonstrates your ability to handle the responsibilities of a Trading Analyst.

✨Tip Number 4

Build strong communication skills, as this role requires effective interaction with various stakeholders. Practising negotiation and networking techniques can set you apart from other candidates and show your readiness for the role.

We think you need these skills to ace Crude Oil Trading Analyst

Market Research Skills
Analytical Skills
Communication Skills
Negotiation Skills
Networking Skills
Influencing Skills
Commercial Awareness
Risk Management
Data Analysis
Attention to Detail
Time Management
Organisational Skills
Proficiency in MS Office
Familiarity with Trading Platforms
Understanding of Oil and Gas Agreements

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights relevant experience and skills that align with the Crude Oil Trading Analyst role. Emphasise your knowledge of the crude oil market, trading systems, and any relevant qualifications.

Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the energy sector and your understanding of the trading process. Mention specific experiences where you've successfully supported trading activities or conducted market research.

Highlight Relevant Skills: In your application, focus on skills such as communication, negotiation, and analytical abilities. Provide examples of how you've used these skills in previous roles, especially in high-pressure situations.

Showcase Your Educational Background: Clearly state your educational qualifications, particularly if you have a degree in Marketing, Logistics, or Petrochemical. If you have any additional certifications related to trading or risk management, be sure to include those as well.

How to prepare for a job interview at RICHARD JAMES RECRUITMENT SPECIALISTS LTD

✨Understand the Market

Make sure to brush up on your knowledge of the crude oil and petroleum products market. Being able to discuss current trends, pricing, and geopolitical factors affecting the market will show your potential employer that you are genuinely interested and informed.

✨Showcase Your Analytical Skills

Prepare to demonstrate your analytical abilities by discussing past experiences where you've successfully analysed data or supported trading decisions. Be ready to explain how you approach problem-solving and decision-making in a trading context.

✨Communicate Effectively

Since the role involves liaising with traders, brokers, and other stakeholders, practice articulating your thoughts clearly and concisely. You might be asked situational questions to assess your communication skills, so think of examples where you've effectively resolved issues through collaboration.

✨Familiarise Yourself with Relevant Tools

Get comfortable with tools like MS Office, Platts, ICIS, and Thomson Reuters. If you have experience using any trading platforms or risk management systems, be prepared to discuss this in detail, as it will demonstrate your readiness for the technical aspects of the role.

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