At Galp, we believe that together we can make a difference in society by contributing to a more sustainable energy future. Changes starts with our people, where agility, continuous improvement, internal alignment and external focus are the values that define our organization where everyone, without exception, can reach their ultimate potential. We're counting on your energy ⚡

 

Mission

The Products Trading Desk is responsible for all trading activities within oil products and feedstocks. The mandate is to maximise and contribute to the overall profit of the team through trading (buy/ sell) of products, managing profit/loss and risk for the assigned area and ensuring a competitive and safe supply capacity, allocating Galp production within the best of market conditions and ensuring value-generation arbitration opportunities. 

What you’ll do

Responsible for physical trading activity 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 impact to the profit and loss of the book as well as managing the associated risks with the trades.

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

•Decide and negotiate deals; Deal validation and assurance with Operations, Contract team and Risk management.

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

• Review and adhere to trading strategy on daily basis.

• Monitor and adjust position based on risk and trading limits.

• Support the management of existing Middle Distillates portfolio and ensure an efficient interface with other members of the Middle Distillates business.

• Input transactions in the energy trading and risk management system (ETRM) abiding by established procedures and manuals.

• Identify and correct mapping P&L and exposures in ETRM system.

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

• Identify requirements for chartering and create vessel requests.

• Provide market and counterparty insight for the company.

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

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

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

• Prepare and analyse reports and charts to generate profits.

• Excellent communications with core suppliers and market players to get first hand news.

• Coordinate effectively with trading analysts and other relevant teams to ensure consistency of approach.

• Generate sustainable way of optimizing contractual terms.

What you’ll need

• Preferably possess Diploma/Bachelor Degree in Engineering, Finance, Economics or a related discipline.

• 5 years or more of experience in Middle Distillates (diesel, jet) physical trading experience.

• Solid knowledge/understanding of global Middle Distillates markets.

• Strong communication and analytical skills.

• 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, knowledge of the global energy business, refinery economics/drivers, understands the value of variations in specification, timing, and volume.

• Trading knowledge: market direction/call, trading strategies, trading fundamentals, global markets, arbitrage, market sentiment, keeps up to date with international events and geo-political environment.

• Paper 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 Trading systems, Price and News reporting platforms (Reuters, Bloomberg) and MS Office tools.

Diversity, Equity and Inclusion (DEI)
At Galp, we have the ambition to be a Human Centered Company, and for that we acknowledge our responsibility to promote Diversity, Equity and Inclusion (DEI) by having a genuine  mindset, lived on our day-to-day, in all our processes. We believe that everyone should be celebrated and valued for who they are: not only for their potential, but also for their distinctive characteristics.