Senior Middle Distillates Trader (Finance)
CITGO PETROLEUM CORPORATION
CITGO Petroleum Corporation is a recognized leader in the refining industry and operates under the well-known CITGO brand. CITGO owns and operates three refineries located in Lake Charles, LA.; Lemont, IL.; and Corpus Christi, TX, and wholly and/or jointly owns 38 active terminals, six pipelines and three lubricants blending and packaging plants. With approximately 3,300 employees and a combined crude capacity of approximately 807,000 barrels-per-day (bpd), positions CITGO as one of the best-branded supplier companies in the industry.
At CITGO our people are our most important resource. Our core values are Safety, Integrity, Respect, Accountability, and Care.
Job Summary
As a Senior Middle Distillates trader, this individual will cover and support the develop of trading strategies and execution for CITGO's Asset Backed Trading Business. The applicant should have a strong experience of the U.S. domestic and Global markets, Regional and Global arbitrage, in addition to an understanding of petroleum logistics and refining operations.
The individual must have a solid expertise of physical Middle Distillates trading and managing risk exposure, as well as an understanding of derivatives markets and products, including futures and OTC instruments to identify opportunities to optimize profit around CITGO's system.
This position would be able to carry critical negotiations on spot, tenders and term contracts and will use strong negotiating skills to resolve commercial disputes. This person must be capable to independently develop market insights and views based on market fundamentals.
This position works closely with Compliance to ensure both CITGO and counterparties abide by all current trade restrictions and operate in compliance with all applicable laws and regulations. Also, works with Risk Control group to ensure trading with within established risk and trading authorities.
Minimum Qualifications
- Degree Level preferred: Chemical Engineering, Economics, Business.
- 5+ years of industry/trading experience.
- Excellent record - in previous and current roles - of being strongly driven towards future success.
- Demonstrated positive influence and teamwork behaviors.
- A self-starter with excellent communication skills and the ability to multi-task in a dynamic high-pressure diverse team environment.
- Demonstrated understanding and utilization of fundamental and technical market data to propose profitable trades and trading strategies and to manage company exposure.
- Demonstrated knowledge and experience in physical marketing, supply and/or trading, including inventory management, hedging, and position taking.
- Demonstrated understanding of Regional and/or Global markets, market exposure (accustomed to trade within VAR limits), risk management, basis risk, blending and arbitrage economics.
- Demonstrated experience with detailed commercial negotiations.
- Demonstrated experience in using analytical and problem-solving techniques.
- Demonstrated viewpoint on market trends and strong communication skills.
- Understands the wide array of business development activities to find new sources of value in the market.
- Periodic travel may be required.
- 24 hrs. availability - must carry cell phone.
Job Duties
1. Develops and executes sound trading strategies in a fast-paced environment that result in increased profitability for the Middle Distillates Trading book:
- Trades in Middle Distillates physical and financial commodities in pursuit of system optimization and trading for profit
- Uses derivatives, including futures and OTC instruments to manage risk and add incremental trading revenue.
- Exhibits and demonstrates strong operational excellence and discipline in managing trading positions.
- Coordinates logistical arrangements with logistics and refinery groups to ensure timely and cost-effective delivery of product shipments.
Job Duties II
2. Works with the CITGO refineries and CITGO Light Oils Marketing group in pursuit of system optimization and reliable competitive supply.
3. Develops new trading markets for distillate products and new business opportunities to increase existing deal flow.
4. Negotiates spot & term contracts and ensures contract is performed in accordance with agreed terms
- Resolves commercial disputes through negotiating skills.
Job duties displayed above are not all-inclusive, site-specific responsibilities may be assigned.
Here are the incentives we offer:
• Remote Work options available for eligible positions
• Options are department and/or location specific
• 9/80 Work Schedule Option (where applicable)
• Annual Vacation Incentive (40-120 hours of additional pay) for Eligible Employees
• Paid Vacation Time
• Company-Paid Holidays
• Caregiver Leave
• Excellent 401(k) Match
• Pension Plan
• Company-Paid Sick Leave and Long-Term Disability
• Medical, Dental, & Vision Plans; FSA and HSA options
• Company-Paid Life Insurance for Active Employees
• Healthy Rewards Program
• Service Awards Program
• Educational Assistance Plan
• Dependent Children Scholarships
• Reimbursement for Gym Membership
• Employee Discount Programs
• On-site Health Clinic (select locations)
• On-site Cafeteria (select locations)
• On-site Credit Union and ATM (Corporate office only)
• On-site Fitness Center (select locations)
PLEASE NOTE ALL JOBS DO NOT QUALIFY FOR ALL PERKS
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or disability.
Requisition ID - 1161
