Trader

Job Title
Trader
Job Description
Who are we?
Founded in 1924, Irving Oil is a family-owned company with operations throughout Eastern Canada, New England and Ireland with a focus on providing exceptional service and high-quality products to our customers. Every day, we strive to put our good energy in action to bring families together, support the environment and local wildlife, and to create learning opportunities that empower the next generation.
Here's what you can expect from us:
When you're a part of our team, you'll see how we bring good energy to our business and our employees. Together, we will support our corporate strategy, high standards and the communities where we live and work. Our collaborative approach, commitment to diversity and inclusion along with our safety-first culture helps reinforce our internal brand position where People Matter. That's why we're dedicated to the development of our employees, so that they can reach their career goals.
What you can expect in a typical day:
The successful candidate will be responsible for executing trades and trading strategies in compliance with Irving's hedge program and analyzing market conditions to generate additional profits within prescribed limits.
Responsibilities also include but are not limited to:
  • Execute standard hedging program in accordance with company policies
  • Lead development, management and execution of adjustments to standard hedging program
  • Analyze market information and market trends daily to inform decisions on standard hedging programs
  • Collaborate with the Senior Fundamental and Technical Market Analyst to develop and implement financial trading strategies based on market analysis to generate incremental profit/lift
  • Support Physical Traders in the development of analyses for non-standard hedging strategies in accordance with company policies and execute trades related to these strategies as required
  • Support analytics team in developing and back testing fundamental and systematic models to identify trading opportunities
  • Understand risks associated with hedging and trading activities and abide by established risk tolerance levels
  • Develop counter party and broker relationships
  • Provide periodic presentations to senior management with regard to strategy and financial performance
  • Perform daily valuation of financial positions to reconcile with the Corporate Back Office
  • Actively working on transactions, analysis and strategies during regular market hours. This position requires that the financial traders be actively managing his/her financial transactions at all time during regular market hours

What you'll need to succeed:
Professional skills
  • Strong entrepreneurial mindset
  • Excellent analytical and problem-solving skills
  • Proven ability to develop and successfully execute trading strategies based on market analysis, e.g. technical and fundamental analysis
  • Ability to work well in a dynamic, fast paced, and high-pressure environment
  • Strong decision-making skills
  • Excellent negotiation skills
  • Strong computer skills particularly working with MS Excel
  • Strong understanding of relevant futures, swaps, and options for crude and products

Travel
  • Travel is not a requirement for this role

Education and experience
  • A bachelor's degree is required. An advanced degree in business/engineering, economics, financial engineering or finance-related disciplines is strongly preferred
  • Previous work experience with or within Supply Planning and Trading team(s)
  • Must have experience in oil and products markets analysis
  • Risk management certification an asset

Irving Oil supports a diverse and inclusive work environment and welcomes applications from all qualified applicants
Job Requirements - Work Experience
Job Requirements - Education
Bachelors (Required)
Location
Saint John, NB
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