Sr. Crude Med Trader

Sr. Crude Med Trader Overview

ExxonMobil is seeking a seasoned Crude Trader to join its Mediterranean and Black Sea trading team in London. This role demands a profound understanding of the physical crude trading markets in Europe, particularly within the Mediterranean and Black Sea regions. The successful candidate will manage a trading portfolio that includes multiple physical and paper positions across various crude grades, focusing on building a network of counterparties and optimizing the value of term crude lengths and shorts while effectively managing associated risks.

Key Responsibilities

• Engage in trading of Mediterranean, Black Sea, and Persian Gulf crude grades across Europe.
• Identify, assess, and capitalize on tactical trading opportunities to generate profits while ensuring system balance and compliance with risk limits.
• Manage complex trades that require hedging strategies, ensuring alignment with commercial goals and risk management protocols.
• Develop and implement profitable trading strategies based on market fundamentals and asset optionality, while ensuring optimal crude supply to a large refining system.
• Oversee positions, logistics, and inventory in partnership with Operations and Scheduling teams.
• Monitor global market trends and share insights across the trading organization.
• Identify value opportunities in arbitrage, freight, and re-optimization of existing cargoes and assets.
• Apply expert Trade Money Management practices to set targets and manage Value at Risk (VaR) and drawdown.
• Ensure accurate documentation of all transactions and contracts throughout the trade lifecycle in relevant systems.
• Maintain strict adherence to company policies, regulations, and risk controls.
• Cultivate strong relationships with counterparties, refiners, brokers, and customers.

Qualifications

• A minimum of 10 years of trading experience.
• In-depth knowledge of European crude customers, logistics, and market dynamics.
• Demonstrated success in trading crude in Europe, with the ability to develop profitable trading strategies from long and short assets.
• Strong risk management skills, including experience in hedging physical exposures.
• Comprehensive understanding of supply and demand fundamentals, trade flows, and arbitrage economics.
• Excellent analytical, negotiation, and communication abilities.
• Deep knowledge of commodity risk management practices, including hedging, exposure management, VAR concepts, and derivatives market mechanics.
• Ability to thrive in a fast-paced and dynamic market environment.

Benefits

• Competitive starting salary.
• Generous resettlement allowance.
• Defined Benefit Pension scheme.
• Share incentive plan.
• Private healthcare coverage for employees and their families.

Successful candidates will receive a conditional offer of employment, which includes verification of the legal right to work on the agreed commencement date, satisfactory criminal records disclosure, and satisfactory employment references over the past five years, among other conditions.

Degree Requirement: Not Specified

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