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Jobs in Singapore   »   Jobs in Singapore   »   Oil Trading Manager
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Oil Trading Manager

Mencast Offshore & Marine Pte. Ltd.

Job Highlights

  • Company event
  • Friendly working culture
  • Shuttle Bus

Position objective and summary

  • This role requires a comprehensive understanding of the oil industry, strong analytical abilities, and a proven track record in trading and product development. The successful candidate will be responsible for managing trading activities, developing trading strategies, optimizing product offerings, and ensuring compliance with regulatory requirements.

Main tasks / activities / responsibilities


Trading Strategy Development:

  • Develop and implement effective trading strategies to capitalize on market opportunities and optimize trading performance.
  • Analyse market data, supply and demand dynamics, and geopolitical factors to inform trading decisions.
  • Monitor market trends and competitor activities to identify emerging trading opportunities and risks.

Trading Operations Management:

  • Oversee day-to-day trading operations, including trade execution, position management, and risk monitoring.
  • Collaborate with trading team members to execute trades efficiently and ensure compliance with risk limits and trading protocols.
  • Manage trading positions and exposure to market volatility, implementing risk management measures to protect profitability.

Market Research and Analysis:

  • Conduct market research and analysis to identify trends, opportunities, and threats in the oil market.
  • Monitor regulatory developments and industry news to assess their impact on trading strategies and product offerings.
  • Utilize quantitative and qualitative analysis techniques to evaluate trading performance and identify areas for improvement.

Risk Management and Compliance:

  • Develop and implement risk management strategies to mitigate trading risks and ensure compliance with regulatory requirements.
  • Monitor trading positions, margin requirements, and credit exposure to maintain risk within acceptable limits.
  • Stay updated on regulatory changes and industry best practices to ensure adherence to compliance standards.

Client Relationship Management:

  • Build and maintain relationships with key clients, counterparties, and industry stakeholders.
  • Provide market insights and trading recommendations to clients, addressing their needs and objectives.
  • Collaborate with sales and relationship management teams to identify opportunities for business growth and client retention.

Job requirements

  • Bachelor’s degree in finance, Economics, Business Administration, or a related field. Advanced degree (e.g., MBA) preferred.
  • Minimum of 5 years of experience in oil trading, commodity trading, or related roles.
  • Proven track record of success in trading operations, product development, and risk management.
  • Strong analytical skills and proficiency in quantitative analysis tools and techniques.
  • In-depth knowledge of global oil markets, trading strategies, and regulatory requirements.
  • Excellent communication and interpersonal skills, with the ability to build relationships and collaborate effectively.
  • Strong leadership abilities, with experience leading and developing teams.
  • Ability to thrive in a fast-paced and dynamic environment, managing multiple priorities and deadlines effectively.
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