Analyst - Derivatives Trading

Our Favorite CITGO Perks are:

• 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

Relocation Benefits are available for this position.

Note

Employer will sponsor visas for position

Job Summary

• Under the direction of the Lead Derivatives Trader, performs in-depth market analysis for CITGO Trading group as well as the rest of the Supply and Marketing organization.  Develop analysis of market fundamentals (Supply & Demand models) in order to create a point of view of the market.  Identify risks and opportunities that are key drivers to CITGO profitability. Understand optionality around physical trading/pricing around the refinery system.
• Assists in the execution of the trading strategy under the supervision of the Lead Derivatives Trader. 
• Entry of trades into the trading system and monitoring of position reports and PnL reports.
• Requires strong analytical reasoning, advanced excel skills and solid knowledge of programing in Python.
• Preferable knowledge of financial derivative instruments like futures, swaps and options in the energy markets.

Minimum Qualifications

Degree:

• College Degree (Bachelors Level).

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

• 2 - 3 years.

List any specialized training or unique skills required:

• Must be a logical, economic thinker with the ability to apply analytical tools and techniques to transform data into actionable points-of-view.

• Ability to balance workload priorities from multiple sources required.

• Trading experience preferred, but not required.

Job Duties

Identify and analyze market supply/demand factors and relationships that are key to CITGO’s profitability.  Formulate actionable points-of-view to capture incremental market value based on this analysis.  This includes factors and relationships not only impacting pricing of CITGO’s raw materials and end products, but also those related to refining, transportation and other segments of the supply chain.

Assist the bench in the analysis and point-of-view development of the key drivers and utilize large data sets to gain insights into trends and potential opportunities in the market. Improve, back test and research new trading signals that can improve hedging and systematic trading models based under different price regimes and macro conditions.

Build and help maintain fundamental supply, demand models and utilize data to support idea generation in the portfolio construction process.

Under the direction of the Lead Derivatives trader, execute the financial derivatives positions required to facilitate hedges within the Supply group as well as more broadly across CITGO’s total energy price risks, consistent with corporate operating philosophy and objectives.  Execute proprietary, point-of-view based transactions consistent with authority delegations, as needed.

Develop and manage reliable knowledge capture systems related to the key market risks identified.  This includes understanding current system availability and data sources, defining system and data management needs for the future, and working with the Mid-Office and Supply groups to capture the data and knowledge required to analyze key market components and relationships.

Assist other segments of the Supply and Marketing group with analytical and decision-making resources and communicate market-related information to key constituents throughout the organization.