Oil Derivatives Trader

Oil Derivatives Trader

Varo Energy

Baar, Switzerland

THE POSITION

You will be part of the Baar Front Office Team team where you will report to the VP, Crude Oil and Natural Gas. You will play an important role handling some of the largest market risks the company is exposed to, and developing cutting-edge market analytics. This role offers the opportunity to shape trading strategies and be a material contributor to the company’s bottom line.

As an oil derivatives trader you will, together with the Head of Crude Oil Trading, manage the company exposure to refining margin risk (around 58 mmbls/year), time spreads (about 4.5mbbls), and outright oil prices (0-2 mbbls), as well as develop analytical frameworks to improve decision making. You will work closely with internal teams - risk management, refining, and commercial to improve market insights and trading performance.

YOUR KEY RESPONSIBILITIES

• Develop and execute refining margin hedging strategies.
• Manage, within existing authorities framework, the crude time spread and flat price risks of the company.
• Develop and maintain an analytical framework to assess physical and paper market fundamentals.
• Engage with our risk team and commercial analysts to review our exposure and PnL reporting and improve these as required.
• Engage with our product traders in Rotterdam and our commercial organization in Germany and Switzerland to align positions and market views.
• Support M&A and other commercial projects that may arise.

YOUR PROFILE

• 2-5 years of derivatives trading experience. Experience managing risk for a refining system will be a big plus.
• Strong quantitative and analytical skills, with experience building models and frameworks to support trading decisions.
• Able to work well under pressure and manage competing priorities.
• Team player, able to work well with other people and to adapt to different styles within the organization, as well as mentoring junior colleagues.
• Advanced knowledge of Office as well as Bloomberg or Reuters. Knowledge of Python/R/PowerBI is a strong plus.
• The work is all in English. Knowledge of French and/or German will be useful but is not required.

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