, Bahamas

Job Family Group:

Trading Jobs

Worker Type:

Regular

Posting Start Date:

July 27, 2024

Business unit:

Downstream and Renewables

Experience Level:

Experienced Professionals

Job Description:

• Hiring Manager: Benson Chang

• Assignment Length: 4 Years

• Country of Work Location(s): Nassau

• Work Location(s): Bahamas

• Business: Downstream

• Maximum Terms & Conditions: Local

• Start Date: 1 August 2024

• Job Code: External

• Shell Position Number:  JG3

• Position Title: LATAM Trader

• Purpose & Accountabilities:

The LATAM team is responsible for the crude oil trading activities for crude oil originating in South America. The team is charged with (a) trading for profit, (b) disposing of Shell Group equity oil and (c) the purchase of crude oil for the Shell refining system.

The LATAM crude trader day typically starts with catching up on trading related news, market prices and a review of publications before attending a crude oil global market review meeting. This provides an overview of the trading networks exposure, market views and current trading activities.

LATAM Crude traders spend considerable time interfacing with Producers and other 3rd parties (buyers, sellers, intermediaries, other majors, governments, etc.). This includes time on the telephone gathering market information, keeping abreast of trades that occur and executing trades. It also involves regular meetings with third parties to discuss the crude oil markets, business opportunities and market views. Regular business travel to meet international customers will be an important part of the job.

Trading involves the analysis of market data, e.g. moves in outright oil prices, geopolitical developments, economic data, and their impact on the teams trading activity. It is primarily about maximizing the team’s profitability by taking considered risks in the physical, freight and derivative markets and by being able to respond rapidly to any changes in the dynamic of these markets.

You will be responsible for negotiating and executing profitable trades.

For this role in particular, the main tasks involved will be the following:

• Manage and grow our Brazilian portfolio which will include:
  • Purchase and sale of Latam medium barrels. The Medium team has +12mb/month of equity bbls to sell, along with active trading of 3rd party Brazilian cargoes and Guyana barrels. Develop relationships with producers in Brazil and global buyers for Brazilian and Guyanese barrels
  • Management of all physical exposures generated from physical barrels, including mark-to-market and hedging
  • Management of embedded optionality generated from physical contracts, including clean and dirty pricing options.
  • Working in close partnership with Shell Upstream to manage to ensure perfect alignment and robustness for load logistics
  • Collaborating with L2A and global Shell Trading teams to develop market views and strategies, and to take positions basis those views

Other tasks that may eventually become the trader’s responsibility include:

• Manage other LATAM country portfolio which will include:
  • Identifying trading opportunities and assist in trading strategy formulation
  • Build and maintain strong customer relationships
  • Constantly seek ways to improve and optimize existing trade flows
  • Work with associated operations and contracts groups to secure the most cost-effective trading support services and back office
  • Gathering valuable market and competitive intelligence
  • Work with the chartering team to ensure shipping is arranged at optimal cost
  • Manage the financial risks of your trades.
  • Profitably manage existing term contracts

• Experience and Qualifications desired:

We require a creative, profit driven individual with excellent analytical/numerical and interpersonal skills and capable of contributing to the team ethos.

The candidate must demonstrate significant experience in physical and paper trading with existing accountability to a PnL. It is imperative that the candidate have a minimum of 3-5 years of oil trading experience, and a strong understanding of physical and paper exposures (DFLs, spreads, outright) generated from physical.

Brazil loading operations are complex with multiple STS’s each month. Therefore the candidate is expected to work closely with Operations Team to manage all cargo liftings and the exposures that arise from changes/delays in the program.

Working under tight deadlines, conflicting pressures and often long hours, the candidate will prove able to continue delivering to an excellent standard with clear focus on the bottom line and priorities in hand.

The job is at the sharp edge of the Group's efforts to deliver highest value proposition to its customers It also sits at the sharp hedge of the trading book strategy to position itself amongst the biggest crude LATAM players.

The successful candidate will show the will and the ability to contribute to this objective and to constantly improve personal and team performance.

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