Crude Oil Trading Analyst

Crude Oil Trading Analyst

Full-Time 43200 - 72000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Assist traders in managing logistics and executing trades while ensuring compliance.
  • Company: Join a dynamic marketing and trading business supporting global energy operations.
  • Benefits: Gain valuable experience in a fast-paced environment with potential for growth.
  • Why this job: Be part of a growing team that impacts the global energy market and develops your skills.
  • 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 43200 - 72000 £ per year.

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

As a leading player in the global energy market, our client offers a dynamic and inclusive work environment that fosters professional growth and collaboration. Employees benefit from comprehensive training programmes, competitive remuneration, and the opportunity to engage with diverse stakeholders across various time zones. Located in a vibrant European hub, this role not only provides exposure to cutting-edge trading practices but also encourages innovation and teamwork, making it an ideal place for those seeking a rewarding career in crude oil trading.
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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 crude oil and petroleum products market. Being able to discuss recent developments or shifts in the market can set you apart as a knowledgeable candidate.

✨Tip Number 3

Develop your analytical skills by working on real-world trading scenarios or simulations. This hands-on experience can provide you with practical insights that will be valuable in the role of a Trading Analyst.

✨Tip Number 4

Connect with professionals in the industry through networking events or online platforms like LinkedIn. Building relationships can lead to referrals and insider information about job openings.

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

Market Analysis
Communication Skills
Negotiation Skills
Collaboration
Risk Management
Data Analysis
Attention to Detail
Time Management
Knowledge of Oil and Gas Agreements
Proficiency in MS Office
Familiarity with Trading Platforms
Understanding of Trade Finance
Logistics Management
Problem-Solving Skills

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 traders or managed logistics.

Highlight Relevant Skills: In your application, focus on skills such as communication, negotiation, and risk management. Provide examples of how you've used these skills in previous roles to support trading activities.

Showcase Market Awareness: Demonstrate your understanding of the crude oil and petroleum products market in your application. Discuss any market research you've conducted or insights you've gained that could benefit the trading team.

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.

✨Demonstrate Analytical Skills

Prepare to showcase your analytical abilities by discussing past experiences where you've successfully analysed data or trading records. Be ready to explain how you can apply these skills to support traders in managing logistics and compliance.

✨Communication is Key

Since the role involves liaising with traders, brokers, and other stakeholders, practice articulating your thoughts clearly. Highlight any previous experience where effective communication led to successful outcomes, especially in high-pressure situations.

✨Familiarise Yourself with Relevant Tools

Get comfortable with trading platforms and tools mentioned in the job description, such as MS Office, Platts, ICIS, and Thomson Reuters. Being able to demonstrate your proficiency with these tools during the interview will give you an edge.

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