Oil Trader Job at TopHire Africa

TopHire Africa

  • Enugu, Enugu State Port Harcourt, Rivers State
  • ₦ 800,000-1,000,000 per month
  • Permanent
  • Full-time
  • 30 days ago
  • Apply easily
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 TraderJob Locations: Enugu, Lagos, Port Harcourt - Rivers
Employment Type: Full-timeJob 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: using the Job Position as the subject of the mail.

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