• Remote Work options available for eligible positions
• Options are department and/or location specific
• 9/80 Work Schedule Option (where applicable)
• Annual Vacation Incentive (40-120 hours of additional pay) for Eligible Employees
• Paid Vacation Time
• Company-Paid Holidays
• Parental Leave
• Excellent 401(k) Match
• Pension Plan
• Company-Paid Sick Leave and Long-Term Disability
• Medical, Dental, & Vision Plans; FSA and HSA options
• Company-Paid Life Insurance for Active Employees
• Healthy Rewards Program
• Service Awards Program
• Educational Assistance Plan
• Dependent Children Scholarships
• Reimbursement for Gym Membership
• Employee Discount Programs
• On-site Health Clinic
• On-site Cafeteria (select locations)
• On-site Credit Union and ATM (Corporate office only)
• On-site Fitness Center (select locations)
PLEASE NOTE ALL JOBS DO NOT QUALIFY FOR ALL PERKS

Relocation Benefits are available for this position.

Employer will not sponsor visas for position

Senior Hydrocarbon Trader - Asset Backed Trading (ABT)

 

The incumbent is an integral part of CITGO’s Crude & Feedstocks Trading team.

This position physically purchases, sells, and trades crude oils or feedstocks to supply and optimize CITGO’s refineries.  The Position contributes to achieving highest possible refining margin optimizing refineries intermediate and high conversion units. The position coordinates all commercial activities and feedstocks commercial team in unison with the Supply Chain (refineries optimizers/coordination team), logistics team, schedulers, marine operations, refineries, and Risk Management.

 

This individual will cover and develop commercial strategies for CITGO’s Asset Back Trading Business around assigned commodities and/or regions. 

 

The Position support and leads negotiations on spot and term contracts and uses expert negotiating skills to resolve commercial disputes. Monitors net exposure on all positions and ensures positions are aligned with agreed trading strategies. Reviews profit/loss (P&L) performance and evaluates potential improvement in execution.

 

This position is responsible for understanding and recognizing the value of hydrocarbon qualities, pipeline logistics, infrastructure and blending opportunities in a wide array of business development activities to find new sources of value in the market. Analyzes market information and trends to identify price/margin optimization opportunities along the supply chain. Initiates and concludes trades, implements hedging strategies, and manages price risks within the specific systems of authorities. Maintains detailed and well-organized contractual documentation. Identifies and pursues commercial trading opportunities. Accountable for consistently meeting targeted crude oil or feedstock delivery schedules or product movement requirements, profitability, and optimization targets.

 

Works closely with Compliance to ensure both CITGO and counterparties abide by all current trade restrictions and operate in compliance with all applicable laws and regulations.  Works with Risk Control group to ensure trading within established risk and trading authorities, policies, and procedures.

 

Expert on CITGO assets and understands the impact of outside assets on commodity trends.  Executes on inter and intra trading day market movements independently and analyzes market trends to identify price/margin optimization opportunities along the supply chain.  Provides clear rationale to Management on short-term positions and contributes to guidance on medium-term positions with data driven insights.  Maintains detailed and well-organized contractual documentation.  Independently understands trade parameters, product movement requirements and the impact on profitability.  Initiates and concludes trades, implements hedging strategies and manages price risks within the specific systems of authorities.

 

Lead Hydrocarbon Trader - Crude Oil Trading

 

The incumbent is an integral part of CITGO’s Crude & Feedstocks Trading team.

This position physically purchases, sells, and trades crude oils to supply and optimize CITGO’s refineries.  The Position achieves the highest possible supply margin to our refineries, while providing the right crude quality and supply ratability.  Coordinates all crude oil activities in unison with the Supply Chain (refineries optimizers/coordination team), logistics team, schedulers, marine operations, refineries and Risk Management.

 

As a crude oil hydrocarbon trader, this individual will cover and develop commercial strategies for CITGO’s Asset Back Trading Business around the crude oil regions/commodities assigned either for USGC,Canadian and or  international markets (Global arbitrage opportunities).  The individual is regarded as a crude oil subject matter expert for physical trafing, as well as strong understanding of derivates markets including futures and OTC instruments. 

 

The Position leads critical negotiations on spot and term contracts and uses expert negotiating skills to resolve commercial disputes. Monitors net exposure on all positions and ensures positions are aligned with agreed trading strategies. Reviews profit/loss (P&L) performance and evaluates potential improvement in execution.

 

The Position takes a proactive initiative-taking role in business development, seeking out and evaluating market tenders to capture new business, and providing insights to our Analytics team to continuously improve trading applications and fundamental analysis.

 

Works closely with Compliance to ensure both CITGO and counterparties abide by all current trade restrictions and operate in compliance with all applicable laws and regulations.  Works with Risk Control group to ensure trading within established risk and trading authorities, policies and procedures.

 

Acts as lead to ensure inter and intra trading day market movements are properly evaluated, refineries economics are considered on the optimization process, tactics/strategies revised and executed according to opportunities and constraints present in the CITGO system.  Key provider of advice to Management on critical commercial negotiations, contractual arrangements and positions in the medium term.  Constantly discuss market perspective and test the rationale of desk traders on current positions and communicate broadly with refining and commercial on market trends.  Advises on the implementation of major commercial deals across the company and technical solutions in the commercial organization.  Serves as a Mentor, Trainer, Advisor, and Desk Head Back up in the commercial area.

Senior Hydrocarbon Trader - Asset Backed Trading (ABT)

 

Degree:

• High School Diploma. Required.
• Bachelor’s Degree. Preferred.

• Master’s Degree. Preferred.

The minimum number of years of job related experience required by this job is:

• A Bachelor’s degree and 5 years of experience or a Master’s degree and 3 years of experience.  If no degree, 9 years of experience in lieu of degree.

List any specialized training or unique skills required:

• Demonstrated commercial experience on physical trading and paper trading of crude oils, feedstocks and/or products.
• Demonstrated leadership, positive influence, and teamwork behaviors.
• A self-starter with excellent communication skills and the ability to multi-task in a dynamic high-pressure diverse team environment.
• Demonstrated understanding and utilization of fundamental and technical market data to propose profitable trades and trading strategies and to manage company exposure.
• Demonstrated knowledge and experience in physical marketing, supply and/or trading, including inventory management, hedging, and position taking.
• Demonstrated experience with commercial negotiations.
• Demonstrated experience in using analytical and problem-solving techniques.
• A flexible approach to working hours is vital to accommodate the significant variation in workloads associated with a busy trading operation.
• Periodic travel may be required.
• 24 hr availability - must carry cell phone.

Lead Hydrocarbon Trader - Crude Oil Trading

 

Degree:

• High School Diploma. Required.
• Bachelor’s Degree. Preferred.

• Master’s Degree. Preferred.

The minimum number of years of job related experience required by this job is:

• A Bachelor’s degree and 10 years of experience or a Master’s degree and 8 years of experience.  If no degree, 14 years of experience in lieu of degree.   

List any specialized training or unique skills required:

• Bachelor’s Degree (or experience in lieu of degree) in one of the following fields is preferred: Trading, Chemical Engineering, refining, Economics, Business.
• 10+ years of industry experience.
• Demonstrated commercial experience on physical trading and paper trading of crude oils.
• Excellent record - in previous and current roles - of being strongly driven towards future success.
• Demonstrated leadership, positive influence, and teamwork behaviors.
• A self-starter with excellent communication skills and the ability to multi-task in a dynamic high-pressure diverse team environment.
• Demonstrated understanding and utilization of fundamental and technical market data to propose profitable trades and trading strategies and to manage company exposure.
• Demonstrated knowledge and experience in physical marketing, supply and/or trading, including inventory management, hedging, and position taking.
• Demonstrated understanding of regional and/or global markets, market exposure, risk management, basis risk, blending and arbitrage economics.
• Demonstrated experience with detailed commercial negotiations.
• Demonstrated experience in using analytical and problem-solving techniques.
• Experience overseeing positions for group of traders at a desk.
• A flexible approach to working hours is vital to accommodate the significant variation in workloads associated with a busy trading operation.
• Exceptional written and verbal communication skills.
• Periodic travel may be required.
• 24 hr availability - must carry cell phone.

Senior Hydrocarbon Trader - Asset Backed Trading (ABT)

1. At any given time, the Senior Hydrocarbon Trader should have a well-defined scope of work for a specific hydrocarbon commodity, and a network of internal and external contacts across the supply chain for the specific hydrocarbon commodity under his/her responsibility. The Senior Hydrocarbon Trader is a key member of the hydrocarbon commercial team, and as such should develop work processes to strengthen the coordination with all the other commercial team members involved. The Senior Hydrocarbon Trader should use his/her knowledge of the trading cycles, market contacts and market intelligence to position himself/herself to capturing the opportunities visualized during the optimization processes. As an example, the Senior Hydrocarbon Trader should survey and analyze crude or feedstocks or products markets for cargo availabilities and pricing, as the case may be for the specific hydrocarbon commodity under his/her responsibility.  Provide projections of scheduled arrivals, timing, and prices for those hydrocarbon commodities available in the marketplace and provide input to the refinery optimization and distribution processes.  Collaborate with Supply Chain personnel to ensure an optimal mix of crude types and feedstocks is economically procured for refinery processing. As an example, a Senior Hydrocarbon Trader in the Crude Oil area should be in the position to be able to purchase approximately 300 MBD of foreign medium and light sour crudes for the Corpus Christi and Lake Charles refineries, or to purchase 180 MBD of domestic and light sweet crude for the USGC refineries, or to purchase 160 MBD of light and heavy Canadian crude for the Lemont refinery; all purchased following refinery economics to the given market conditions.    
2. The Sr. Hydrocarbon Trader should implement and develop risk management strategies when applicable within the hydrocarbon commodities under his/her responsibilities. The Sr. Trader uses derivatives, including futures and OTC instruments, to manage risk and add incremental trading revenue for the company.
3. The Senior Hydrocarbon Trader should always be looking beyond the routine aspects of the job to help identify technological solutions leading to higher efficiency, meaningful data collection and data management and process improvement. The Senior Hydrocarbon Trader should be able to keep current his/her market point of view and market intelligence for the specific hydrocarbon commodity under his/her responsibility, using this knowledge to provide short term commercial analysis or medium-term planning scenarios.  
4. Develops a culture of excellence that identifies and pursues entrepreneurial commercial opportunities.  Engages with industry experts and maintains strong internal and external relationships.  Communicates clearly on trading strategies, transactions, and positions. Develops and supports new business markets and new business opportunities to increase margins and commercial profitability.
5. The Senior Hydrocarbon Trader should engage with the Credit and Treasury departments to devise innovative controls of payables and receivables according to the negotiated contracts or transactions and to participate in the development of presentations to suppliers and customers to enhance trade credit.

Lead Hydrocarbon Trader - Crude Oil Trading

1. At any given time, the Lead Hydrocarbon Trader should have a well-defined scope of work, and a network of internal and external contacts across the markets for the hydrocarbon commodities under his/her responsibility. The Lead Hydrocarbon Trader is a key member of the hydrocarbon supply team, and as such should develop work processes to strengthen the coordination with all the key team members involved. Independently develops unique market insights and views/positions based on market fundamentals and develops trading strategies in a fast passed environment that result in increasing refinery margin and profitability for the Crude Trading book. The Lead Hydrocarbon Trader should use his/her knowledge of the trading cycles, market contacts and market intelligence to help position the trading team to capture the opportunities visualized during the optimization processes.
   • Closely collaborate with Supply Chain personnel to ensure an optimal crude slate is economically procured for refinery processing. As an example, pending on refinery economics and market conditions, the Lead Hydrocarbon Trader should be in the position to be able to purchase approximately 450 MBD of US Light sweet/sour crude and heavy Canadian f for the Corpus Christi and Lake Charles refineries.
   • Trades crude oil physical and financial commodities in pursuit of system optimization and trading for profit.
   • Exhibits and demonstrates strong operational excellence and discipline in managing trading positions.
   • Coordinates logistical arrangements with logistics and refinery groups to ensure timely and cost-effective delivery of product shipments.
   • The Lead Hydrocarbon Trader should be able to keep current his/her market point of view and market intelligence for each hydrocarbon commodity under his/her responsibility, using this knowledge to provide short term commercial analysis or medium-term planning scenarios.  

2. The Lead Hydrocarbon Trader should develop risk management strategies when applicable within the hydrocarbon commodities under his/her responsibilities and make specific recommendations as to how to mitigate risk. Uses derivatives, including futures and OTC instruments to manage risk and add incremental trading revenue.

3. The Lead Hydrocarbon Trader should serve as a Mentor, Trainer, Advisor for Sr./Jr. Traders. Act as a USGC crude oil commercial liaison with counterparties with CITGO. Negotiates spot & term contracts and ensures contract is performed in accordance with agreed terms. Resolve commercial disputes through negotiating skills.

4. Develops a culture of excellence that identifies and pursues entrepreneurial commercial opportunities.  Engages with industry experts and maintains strong internal and external relationships.  Provides visible leadership by working with other team members in the development of regional and global trading strategies.  Communicates clearly on trading strategies, transactions, and positions.

5. Develops and supports new business markets for crude oils and new business opportunities to increase margins and commercial flexibility.