Oil Trader Job at TopHire Africa

TopHire Africa is a timeless and innovative HR-Consulting Service provider that's geared towards delivering recruitment and training of qualitative verified talent.

We are recruiting to fill the position below:

Job Position: Oil Trader

Job Locations: Enugu, Lagos, Port Harcourt - Rivers
Employment Type: Full-time

Job Summary

• The Oil Trader is responsible for buying and selling crude oil and related petroleum products in global markets with the objective of generating profit for the company or its clients.
• This role involves market analysis, strategy development, trade execution, risk management, and maintaining strong relationships with key market participants.

Responsibilities
Market Analysis:

• Analyze global oil markets including supply and demand trends, price movements, and geopolitical developments.
• Identify trading opportunities by interpreting market data and forecasting trends.

Trading Strategy:

• Develop and implement trading strategies aligned with market insights, risk tolerance, and organizational goals.
• Evaluate performance of trading strategies and optimize accordingly.

Trade Execution:

• Negotiate and execute trades involving physical oil products (crude, refined products) and derivatives (futures, options, swaps).
• Ensure timely execution and delivery of trades.

Risk Management:

• Monitor and manage market, credit, and operational risks.
• Implement hedging strategies to mitigate exposure and protect profits.

Relationship Management:

• Build and sustain strong relationships with suppliers, refiners, brokers, and other traders.
• Act as a key contact in commercial negotiations and communications.

Logistics and Supply Chain:

• Collaborate with logistics teams to ensure smooth movement and storage of oil products.
• Oversee end-to-end supply chain operations related to traded goods.

Compliance and Documentation:

• Ensure all trading activities are compliant with applicable laws, regulations, and company policies.
• Maintain accurate and complete documentation of all transactions.

Performance Monitoring:

• Track and assess trading performance, profitability, and operational efficiency.
• Recommend and implement improvements to trading systems and processes.

Skills and Qualifications

• Proficient in data interpretation, forecasting, and decision-making.
• Effective in contract negotiation and stakeholder engagement.
• Understanding of global oil supply chains, pricing mechanisms, and regulatory environments.
• Accuracy in documentation, compliance, and execution.
• Familiarity with trading platforms and risk management software.

Education & Experience Requirements:

• Bachelor's Degree in Finance, Economics, Business, or related field (required).
• Professional experience in oil trading, commodities, or energy markets (preferred).
• Certifications in Trading, Risk Management, or Financial Markets (an advantage).

Salary
N800,000 - N1,000,000 Monthly. 

Method of Application
Interested and qualified candidates should send their CV to: tophireafrica@gmail.com using the Job Position as the subject of the mail.