At a Glance
- Tasks: Lead pricing and risk management for a global aviation fuel business.
- Company: Join World Fuel, a leader in the aviation fuel industry.
- Benefits: Competitive salary, diverse culture, and opportunities for professional growth.
- Other info: Collaborate with industry experts and drive innovation in risk management.
- Why this job: Make impactful decisions in a dynamic environment while shaping commercial strategies.
- Qualifications: Experience in aviation fuel, energy, or commodities with strong analytical skills.
At World Fuel, our employees are the key to our global success. We are industry leaders due to the innumerable talents of our approximately 5000 strong professional team. Our people thrive in an entrepreneurial and culturally-diverse environment, where innovative thinking, collaboration and efficient execution are highly valued. Our high-performance culture is what allows us to drive sustained growth. Stronger together, we promote an environment where individuals can thrive.
World Fuel is seeking an experienced Senior Manager | Aviation Fuel Pricing & Risk to play a critical leadership role within our EMEA Aviation business. This position sits at the center of commercial decision-making, working across pricing, market risk, physical fuel supply, and financial hedging activities. You'll partner closely with senior leaders across Supply, Commercial, Finance, Treasury, Product Control, and Trading functions to help protect profitability, manage market exposure, and support business performance across Europe.
This is an excellent opportunity for a commercially minded professional with experience in aviation, energy, commodities, or fuel markets who enjoys operating at the intersection of trading, supply, risk, and commercial strategy.
The Opportunity
As Senior Manager, Pricing & Risk, you will be responsible for overseeing pricing methodologies, managing physical and financial market exposures, executing hedging strategies, and supporting business decisions through market insight and risk analysis. This role combines strategic oversight with hands-on execution and will serve as a key advisor to the Aviation leadership team on pricing, risk management, and market developments.
What You'll Do
- Pricing Management
- Oversee pricing methodologies and governance across the Aviation business.
- Ensure contract pricing is calculated accurately and in accordance with agreed commercial terms.
- Manage daily, weekly, and monthly crude and oil product pricing activities.
- Maintain pricing calendars, market indices, settlement data, and pricing benchmarks.
- Investigate and resolve pricing discrepancies with both internal and external stakeholders.
- Identify opportunities to improve pricing controls, reporting, and operational efficiency.
- Risk Management
- Monitor and assess physical and financial commodity exposures across the Aviation portfolio.
- Analyse Mark-to-Market (MtM) positions, Value-at-Risk (VaR), basis exposure, and roll risk.
- Identify and escalate risk limit breaches and lead resolution efforts.
- Provide recommendations on risk mitigation and exposure management strategies.
- Support leadership in evaluating risk appetite, exposure limits, and hedging effectiveness.
- Contribute to the ongoing development of risk management frameworks and governance processes.
- Hedging & Trading Support
- Execute exchange-traded and OTC derivative transactions across Aviation, Land, and Marine businesses.
- Manage daily and intraday hedging activities related to Aviation fuel positions.
- Reconcile physical and financial positions with Supply teams and analysts.
- Execute monthly hedge roll activities.
- Develop and evaluate hedging strategies designed to support commercial objectives.
- Coordinate with Treasury and FX teams to manage foreign exchange exposure.
- Analyse market structure, basis exposure, and pricing dynamics impacting portfolio performance.
- Commercial Analysis & Market Intelligence
- Provide market intelligence, pricing forecasts, and strategic recommendations.
- Support commercial planning and decision-making through detailed market analysis.
- Deliver reporting and presentations for senior management and business leadership.
- Act as a subject matter expert on commodity pricing, market risk, and hedging strategy.
- Process Improvement
- Drive enhancements to pricing, risk management, and reporting processes.
- Support automation, controls improvements, and operational efficiency initiatives.
- Contribute to the development of systems, tools, and reporting frameworks that improve business performance.
What We're Looking For
Required Experience
- Experience within aviation fuel, energy, commodities, oil, trading, or related markets.
- Strong understanding of commodity pricing and risk management.
- Experience managing physical and financial market exposures.
- Knowledge of futures, swaps, derivatives, and hedging strategies.
- Experience analysing Mark-to-Market positions, Value-at-Risk, basis exposure, and roll risk.
- Strong commercial judgment and decision-making capability.
- Experience developing and implementing risk management controls and governance frameworks.
- Advanced Microsoft Excel skills.
- Excellent analytical, problem-solving, and communication skills.
- Ability to influence senior stakeholders within a commercial environment.
Preferred Experience
- Aviation fuel market experience.
- ICE exchange and OTC derivatives experience.
- Experience with ETRM / CTRM systems, particularly TriplePoint CXL.
- Knowledge of foreign exchange markets and FX hedging.
- Experience with process improvement, automation, and controls enhancement.
- Power BI, SQL, Python, or VBA skills.
You'll work closely with:
- Internal Stakeholders: Supply Operations Directors and Managers, Supply & Commercial Leaders, Product Control, Market Risk, Treasury, Finance Business Partners, Senior Physical Traders, Derivatives Operations Teams, Senior Commercial Leadership.
- External Stakeholders: Oil Derivatives Brokers, Market Makers, Clearing Houses, Banking Partners.
Why Join World Fuel?
- Play a high-impact role within a major international aviation fuel business.
- Influence commercial and risk management decisions across Europe.
- Work alongside experienced leaders across supply, trading, commercial, and finance functions.
- Gain exposure to both physical fuel markets and financial derivatives.
- Help shape pricing, hedging, and risk strategies that directly impact business performance.
- Join a collaborative global organization operating at the center of the energy and aviation industries.
Senior Manager, Aviation Fuel Pricing & Risk in London employer: World Kinect Corporation
At World Fuel, we pride ourselves on being an exceptional employer, offering a dynamic and culturally diverse work environment in the heart of London. Our employees benefit from a high-performance culture that fosters innovation, collaboration, and continuous improvement, alongside ample opportunities for professional growth and development. Join us to play a pivotal role in our international supply operations while enjoying the unique advantages of working in a global energy management company committed to your success.
