Oil Trading Analyst

Oil Trading Analyst

London Full-Time 36000 - 60000 £ / 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 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 develops your skills.
  • Qualifications: Bachelor’s degree in Marketing, Logistics, Petrochemical or related fields required.
  • Other info: Ideal for those passionate about the oil market and eager to learn.

The predicted salary is between 36000 - 60000 £ 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.

Oil Trading Analyst employer: RICHARD JAMES RECRUITMENT SPECIALISTS LTD

As a leading player in the global energy market, our client offers an exceptional work environment for an Oil Trading Analyst, characterised by a dynamic and collaborative culture that fosters professional growth. Employees benefit from comprehensive training opportunities, competitive remuneration, and the chance to engage with diverse stakeholders across various time zones, making it an ideal place for those seeking meaningful and rewarding careers in the energy sector.
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Contact Detail:

RICHARD JAMES RECRUITMENT SPECIALISTS LTD Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Oil Trading Analyst

✨Tip Number 1

Familiarise yourself with the key players in the oil trading 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. This will not only enhance your market research skills but also show potential employers that you are proactive and engaged in the industry.

✨Tip Number 3

Develop your analytical skills by working on real-world trading scenarios or simulations. This hands-on experience can be a great talking point in interviews and will demonstrate your ability to support traders effectively.

✨Tip Number 4

Build strong communication skills, as they are crucial for liaising with traders, brokers, and other stakeholders. Practising negotiation and networking techniques can set you apart from other candidates.

We think you need these skills to ace Oil Trading Analyst

Market Analysis
Communication Skills
Negotiation Skills
Collaboration Skills
Risk Management
Data Analysis
Attention to Detail
Time Management
Commercial Awareness
Knowledge of Oil and Gas Agreements
Proficiency in MS Office
Familiarity with Trading Platforms
Problem-Solving Skills
Numerical Skills
Ability to Work Under Pressure

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights relevant experience and skills that align with the Oil Trading Analyst role. Emphasise your educational background in Marketing, Logistics, or Petrochemical, and any specific knowledge of oil and gas commercial agreements.

Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the crude oil market and your ability to support traders effectively. Mention your collaborative instincts and communication skills, as these are crucial for the role.

Highlight Relevant Skills: In your application, clearly outline your skills related to risk management, trading systems, and data analysis. Mention your proficiency in tools like MS Office, Platts, ICIS, and Thomson Reuters, as these are important for the position.

Showcase Your Market Research Abilities: Demonstrate your capability in conducting market research and analysis. Provide examples of how you've previously supported trading analysis or managed trading records, as this will show your readiness for the responsibilities of the role.

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

✨Know Your Market

Familiarise yourself with the current trends in the crude oil and petroleum products market. Being able to discuss recent developments or fluctuations will show your passion and understanding of the industry.

✨Demonstrate Analytical Skills

Prepare to showcase your analytical abilities by discussing past experiences where you successfully analysed trading data or market conditions. Use specific examples to illustrate how your insights led to better decision-making.

✨Communication is Key

Since the role involves liaising with traders, brokers, and other stakeholders, practice articulating your thoughts clearly. Be ready to explain how you would handle communication challenges or resolve issues that may arise during trade execution.

✨Showcase Your Technical Proficiency

Be prepared to discuss your experience with trading systems and relevant software like MS Office, Platts, or Thomson Reuters. Highlight any specific tools you've used and how they contributed to your efficiency in previous roles.

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