Crude Oil Trader

5 - 7 years experience  •  Energy / Utilities

Salary depends on experience
Posted on 02/21/18
Houston, TX
5 - 7 years experience
Energy / Utilities
Salary depends on experience
Posted on 02/21/18

Key Accountabilities

  • Buy and sell crude oil on a short-term and intermediate basis. Deliver incremental value to Suncor through speculative trading with defined limits;
  • Conduct trading by contract with producers, other energy traders, and consumers within the organization's trading strategy guidelines, risk limits, and government regulations;
  • Apply hedging strategies to optimize risk positions using futures, options, and otherfinancial and physical products as a service for customers and for internal hedging of deals;
  • Identify new exposures and opportunities in the company's business, bring forward for review and execute around the approved strategy.

Required Qualifications:

Experience and Education:

  • Must have a Bachelor’s in Accounting, Finance, Economics or a closely related field plus 5 years post baccalaureate experience in a closely related role supporting crude oil trading and marketing activities.  
  • Of therequiredexperience must have 3years’experiencein each of the following:
    • Applying economic principles of energy and financial markets;
    • Utilizing physical and financialtrading practices;
    • Utilizing mathematics to effectively trade physical and financial positions;
    • Developing and executing market calls;
    • Calculating potential refinery arbitrages between various crude grades;
    • Working with pipeline and tank crude oil logistics and associated costs;
    • Calculating locational arbitrages;
    • Experience managing crude supply for refineries;
    • Working with at least 7 of the following crude types and qualities: WCS, WTI, Mars, LLS, CLK, UHC, LSB, and/or SYN;
    • Inputting trades into the Commodity XL (CXL) trade system; complying with Risk Control and outside legal and regulatory requirements related to the trade of crude;
    • Negotiating trades with producers, other energy traders, and consumers within the crude oil markets.
  •  Of therequiredexperience, must have 1year ofexperienceeach of the following:
    • Trading Crude in North America or international markets; and
    • Using CQG and ICE trading platforms

    JOB NUMBER: 20721

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