The Company:
Aramco Trading was established as Saudi Aramco's trading arm in 2011 under the approval of Saudi Aramco's Board of Directors. It established its headquarters in Al-Midra Tower in Dhahran, Saudi Arabia and have 5 other global offices in London, American, Singapore, Dubai and Fujairah. With six offices currently operating worldwide, Aramco Trading has broader access to markets, a wider client base, a more talented and diversified workforce, and a more sophisticated and integrated global business model.

Today, the company is recognized globally as a critical trading partner for refiners, shipping companies, financial institutions, end-users, and other product-trading companies. The company trades across the barrel including Crude, Middle distillates, Light distillates, bulk petrochemicals, and polyolefin.

The Function:
Responsible for physical and paper trading activities and operations within approved risk and resource limits; supports the execution of the trading desk's strategy and its related tasks; accountable for the trades and the impact to the profit and loss of the book as well as managing the associated risks with the trades.

Key Accountabilities:
• Review and adhere to trading strategy on daily basis

• Monitor and adjust position based on risk and trading limits

• Make trading decisions to maximise returns within company's policies and procedures

• Decide and negotiate deal; validate it with Operations, Contract Administration and Settlement

• ETRM roles: input transactions and ship requests in ETRM system abiding by established procedures and manuals

• identify and correct mapping P&L and exposures in ETRM system

• Evaluate all open trading contracts and positions; identify the associated price exposures and develop a daily plan to hedge existing exposures with the derivatives desk

• Identify requirements for chartering and create ship requests in ETRM system

• Keep up-to-date on market information and knowledge management, and reflect market insights in trading strategies and positions

• Develop and mark all physical forward curves related to the product, provide price information to Strategy and Business Development Manager, and Supply Optimisation Specialist

• Provide market and counterparty insight for the counterparty enlistment process

• Perform price discovery and provide data for the more liquid portion of the price curve of forward curves

• Work closely with product's scheduler /operation to ensure smooth logistics and operations for the traded product

• Check trades and confirmation to ensure accuracy

• Send new counter party requests to Compliance Desk and support registration with proper documentation

• Prepare market reports, business plans and performance targets as required

Requirements:

• Bachelor Degree in Engineering, Finance, Economics or a related discipline

• More than 3 years of direct experience in physical trading.

• Well-informed of the world product demand and supply, market dynamics, and arbitrage opportunities

• Well-connected with end-users and counterparties worldwide

• Industry knowledge: supply/demand fundamentals of physical market, product grades and quality specifications, transportation and pipeline infrastructure, competitors, marine operations, third-party system parameters, standard terms and conditions of contracts, and knowledge of the global energy business

• Trading knowledge: market direction/call, trading strategies, trading fundamentals, global markets, arbitrage, market climate, keeps up to date with international events and geopolitical climate

• Financial trading knowledge: risk analysis techniques, hedging /speculative / price forecasting instruments, such as, derivatives, futures, options, OTC, and various credit instruments, economic evaluation and analysis, understands concepts such as NPV, value creation, and option value

• Good working knowledge of MS Office, trading system and price reporting software (Reuters, Bloomberg, Globalview)

Do you have what it takes? If you are keen to grow your career with a leading energy company, this is the role for you.

Interested applicants please submit full resume with email and contact details to ATS-HR@aramcotrading.sg

We regret to inform you that only selected candidates will be notified.