Junior Oil and Coal Trader Junior Oil and Coal Trader …

VTB Capital
à Zoug, Zug, Suisse
CDI, Plein-temps
Dernière candidature, 02 déc. 20
competitive
VTB Capital
à Zoug, Zug, Suisse
CDI, Plein-temps
Dernière candidature, 02 déc. 20
competitive
Diffusée par:
Lidia Fursova • Recruiter
Diffusée par:
Lidia Fursova
Recruiter
VTB Capital’s goal is to be Russia’s Investment Banking powerhouse. We want to be the firm that is a natural choice for all Russian Investment banking and asset management products. A choice our clients around the world make routinely and with confidence. Our mission is to exceed client expectations by providing first class financial services. To create value for the benefit of our clients and for economic and social progress globally

Where in the wider banks organisational structure does this role sit?

     Zug office, part of the Global Commodity team

What size of department will they be working in?

      The trading group is three people with intention to increase up to 4. Zug office in total has 45 people with the potential increase to 55 – 60.

What is the purpose of this role?

       Strengthen Crude Oil, Petroleum Products and Coal desk, enlarge activity

What is the job holder expected to achieve?

       Increase of physical volume turnover and as a result increase desk P&L

Why do we need to fill this position?

       The group needs an additional resources to increase the scope of business activity and replace a departing team member (who left in July 2020).

Where and how will it add value?

        By performing his duties as stated below,

What are the Key challenges for an individual?

         Expanding trading understanding and knowledge

Principal Responsibilities

How will the individual perform their role, what are the day-to-day accountabilities?

  • Performing day-to-day activity
  • Assisting with origination of oil and coal cargoes on structures finance deals (client liaison, term sheet input and execution),
  • Day-to-day trading of cargoes on spot basis or on term contracts,
  • Small VAR to trade paper speculatively,
  • Analyses of physical oil and coal market we actively trading and macro view on these products,
  • Responsible of timely trade bookings (same day as trade)
  • Maintain PnL of deals above the accruals and reserves
  • Ensure positions are within limits. Liaise with Market risk team
  • To risk manage positions in accordance with the firms risk limits and risk procedures
  • To be aware of and familiar with the firms risk policies and procedures

What skills would be developed in the role?

  • Increase trader’s capabilities
  • Improving knowledge in the specific sector of trading,
  • Systematic view of energy markets

Would they work independently or under any form of supervision?

       Partial independence, also working within the trading team.

       Training will be provided and after satisfactory conclusion of such training, more independence will be provided.

Would they have any management or supervisory experience and if so what level of stage

        None required

What, if any, are the specific risk management responsibilities?

        None required,

However, previous product control experience on oil is preferred

Key Competencies & Qualifications

Ideally, we prefer a candidate with one or more of the following previous experience:

  • Oil / petroleum products/ refining / coal analysts,
  • Commodities sales experience
  • Cargo operations experience
  • Junior trader,
  • Hedging or paper execution experience,
  • Good mathematical skills and good spreadsheet skills.

How will the individual perform their role, what are the day-to-day accountabilities?

What skills would be developed in the role?

     See above

Would they work independently or under any form of supervision?

     See above

Would they have any management or supervisory experience and if so what level of stage?

     See above

What risk management skills are required for this role?

     See above

Specific desired skills would include:

  • Good mathematical skills and good spreadsheet skills.
  • Knowledge in Oil and Coal markets

Typical Decisions taken by Job Holder

Think about directing or controlling areas/departments?

     Non applied,

What decisions will they take alone?

     Non, at the initial stage until training is completed. After the training, some trading decisions will be delegated to. 

Any budgetary responsibility/delegation?

     non

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