Senior Trader

1 day ago

Cape Town, South Africa PetroSA Full time

Industry: Chemical, Petrochemical, Oil & Gas

Job category: Chemical, Petrochemical, Oil and Gas

Location: Cape Town

Contract: Permanent

Remuneration: Market Related

EE position: Yes

Job Description

- Supervise the purchasing and sales function/process within the Trading department by being actively present in the market and using postulates to access opportunities for PetroSA which would include understanding Petroleum market landscape to realise results, executing physical crude, product, and derivatives trades, ensuring a positive contribution for trading deal outcomes including optimisation opportunities for refinery or assets belonging to the organisation, and building sound relationships with counterparties to ensure sustainability is offered through profitable growth and the reduction of feedstock costs.
- Negotiate and execute trading deals with suppliers and third parties, evaluate the associated risks and ensure development of market analysis for rental transactions in accordance with PetroSA’s policies and procedures to ensure flexible terms, deals are market related, and a profitable sales margin is secured.
- Supervise price risk function/process together with the Trading Manager and Risk Manager by ensuring trade reconciliation and broker validation is performed as per the business requirements, trading solutions are implemented to ensure that risk is mitigated/managed and is within the tolerable levels and limits, and that a clear link between physical and paper trades for all trades exists and traceable, to ensure risk exposure is mitigated and business targets are met.
- Maintain strategic direction as guided by the Trading Manager together with the Risk Manager by ensuring compliance to existing policies and procedures, and provide recommendations and opinions to the Trading Manager/Executive: Trading and Supply as well as the Governance committees to ensure compliance to controls, standards and regulations.
- Align the execution of trading deals with shipping activities as per approved business processes together with the shipping manager by making sure market deal analysis, shipping demand, chartering and scheduling are available for the efficient operation of the department to ensure that there is an understanding of shipping operations and tools available to manage operational impacts and the reduction of operational costs.
- Maintain existing relationships/partnerships and identify business threats and strengths that could impact PetroSA, monitor and analyse external global market and environmental factors and benchmarking for specific business opportunities to evaluate the best outcome and fit with existing business to ensure market opportunities are identified, sustainable partnerships and business solutions, embeddedness in the market and PetroSA’s reputation is maintained as a professional organisation with a high level of integrity.
- Develop and negotiate service level agreements with internal and external stakeholders which are reviewed on a regular basis, and monitor compliance to service level agreement performance criteria and alert management of deviations from agreed standards in compliance to policies and procedures to ensure service delivery standards are maintained.
- Provide and ensure assistance is provided by trading for new business development within other divisions in PetroSA specifically related to supply chain optimisation or integration of new products, to ensure alignment of business drivers.

Minimum Qualifications:

- Advanced Diploma (NQF Lev7)/Bachelor’s degree in Business/Finance/Commerce/Economics/Engineering/Science
- 7-10 years experience within the supply and trading environment in the Petrochemical Industry and/or commodity banking

NB: As part of our recruitment process, candidates will be required to undergo Vetting/Security clearance.

Please note: PetroSA is committed to Equality, Employment Equity, and Diversity regarding employment opportunities. In accordance with our Employment Equity Plan, preference may be given, but not limited to candidates from under-represented designated groups. PetroSA reserves the right not to make an appointment to posts as advertised. PetroSA encourages candidates living with disabilities to apply for positions.

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