We Are Hiring!!!
Oil Trader
Industry: Oil & Gas
Location: Ikoyi, Lagos
We are looking for a results-driven Oil Trader to join a dynamic Oil & Gas firm in Ikoyi. This role involves buying and selling crude oil and petroleum products in global markets, with a focus on profitability, market analysis, strategy, and risk management.
Key Responsibilities:
Market Analysis:
- Monitor global oil supply/demand trends, pricing, and geopolitical impacts
- Forecast market movements and identify trading opportunities
Trading Strategy:
- Develop and execute trading strategies aligned with company goals
- Continuously assess and refine performance
Trade Execution:
- Negotiate and execute physical and derivative oil trades (futures, swaps, etc.)
- Ensure timely execution, delivery, and documentation
Risk Management:
- Monitor exposure to market, credit, and operational risks
- Apply hedging techniques to protect profits
Relationship Management:
- Maintain strong relationships with refiners, brokers, suppliers, and trading partners
- Lead commercial negotiations and communications
Logistics & Supply Chain:
- Coordinate with logistics to ensure smooth movement and storage of products
- Oversee the end-to-end supply chain process
Compliance & Documentation:
- Ensure compliance with legal, regulatory, and internal requirements
- Maintain accurate records of all trading activities
Performance Monitoring:
- Evaluate profitability, trading efficiency, and system performance
- Recommend enhancements to trading platforms and processes
Qualifications & Skills:
- Bachelor’s degree in Finance, Economics, Business, or related field
- Experience in oil trading, energy markets, or commodities (preferred)
- Strong analytical, negotiation, and decision-making skills
- Understanding of global oil supply chains and trading regulations
- Proficiency with trading platforms and risk management tools
- Relevant certifications (e.g., Trading, Risk Management) are a plus
Job Type: Full-time