Oil Trader

Company Description

Statkraft has been making clean energy possible for over a century. That’s what we offer. 125 years of unrivalled expertise in supplying the world with what it needs most. Because in the fight against climate change, we don’t see renewable energy as part of the solution – we believe it must be the solution. With us, you’ll shape a career that is truly forward-facing with many amazing opportunities and offerings to match.

Working in Proprietary Trading

Statkraft trades energy products in more than 20 countries and is active on 13 energy exchanges. Proprietary trading takes place mainly from trading rooms in Oslo, Düsseldorf, London and the United States. Statkraft trades power, natural gas, carbon certificates, dry bulk products, metals, oil and petroleum products in the global markets. The Proprietary Trading department at Statkraft is known for its innovative and data-driven approach, and our team members are expected to have strong analytical and problem-solving skills, as well as a passion for renewable energy. Collaboration is a key part of the culture in Trading and employees work closely with other teams within the company.

Job Description

We are seeking a seasoned Quant or fundamental Oil Trader to join our team in London reporting to the head of Oil Trading. You will have a proven track record of developing trading strategies in the oil market as well as deep understanding of the oil paper flow and the participants in the market. The responsibilities will include as follows:

• Strategy Development: Develop and implement trading strategies to maximize profitability.
• Position Management: Monitor, manage, and optimize trading positions, ensuring alignment with risk management protocols.
• Risk Management: Build and maintain proprietary risk metrics for sizeable positions; dynamically handle positions in an evolving market.
• Market Analysis: Conduct thorough analysis of market trends, geopolitical events, and economic data to inform trading decisions.
• Collaboration: Work closely with internal teams to resolve trading book issues promptly and effectively.
• Communication: Share market intelligence and insights with the trading desk, fostering an open and informative dialogue.
• Execution: Demonstrate agility and precision in executing trades, understanding the urgency and impact on the market.

Experience:

• Minimum 5 years of experience in oil trading, with a strong focus on quantitative and fundamental analysis.
• Analytical Skills: Proficiency in using advanced analytical tools and software for market analysis and strategy development.
• Technical Expertise: Deep understanding of oil paper flow, derivatives, and physical trading mechanisms.
• Risk Management: Expertise in constructing and managing risk metrics, including Value at Risk (VaR) and scenario analysis.
• Market Knowledge: In-depth knowledge of global oil markets, including key players, regulatory environments, and trading platforms.
• Communication: Excellent communication skills, with the ability to articulate complex market dynamics and strategies to diverse stakeholders.
• Education: Bachelor’s degree in Finance, Economics, Engineering, or related field; advanced degree preferred.

If you are a driven, analytical thinker with a passion for the oil market and a track record of successful trading, we invite you to apply.

Additional Information

A career with Statkraft is a career filled with purpose – meaning that every employee is not just making a living, they are making a real difference to the planet, our communities, and the future. Together, we work on the front lines of changing the game for renewable energy. From hydrogen development to algorithmic trading and everything in between. We have 125 years of unrivalled expertise in creating the technologies that put ecosystems, communities, and our environment first.

This includes:

• Unlimited learning opportunities at various levels of the organisation including LinkedIn Learning and inspiring leadership programs like IMD.
• The chance to grow your career alongside a truly global network of experts, leaders, specialists and graduates from different countries and backgrounds.
• The opportunity to work somewhere with pride, and to be able to honestly say "My work is contributing to saving the planet".

Statkraft offers competitive terms of employment and benefits schemes, and we’re a trusted employer that puts the safety of our people first. We believe that a safe and healthy working environment is a matter of choice, not chance. Statkraft manages critical infrastructure and services in several countries. The applicant must be eligible for security clearance and authorisation.