What are the responsibilities and job description for the Trader position at Energy Transfer Family of Partnerships?
Sunoco LP is a leading energy infrastructure and fuel distribution master limited partnership operating across 32 countries and territories in North America, the Greater Caribbean, and Europe. The Partnership’s midstream operations include an extensive network of approximately 14,000 miles of pipeline and over 160 terminals. This critical infrastructure complements the Partnership’s fuel distribution operations, which distribute over 15 billion gallons annually to approximately 11,000 Sunoco and partner-branded retail locations, as well as independent dealers and commercial customers.
At Sunoco, we take great pride in what we do and wholeheartedly believe our employees drive success for our company and our customers. We are always looking for the best and brightest talent and we are committed to making your job a challenging and rewarding experience.
Job Summary:
Trades in both physical clean products and financial commodities in the domestic and international trading markets. Physical products include gasoline, diesel, jet, heating oil, renewable fuels and RINS.
Essential Duties and Responsibilities:
- Physical trading activity, both spot and term, is in pursuit of both optimal system supply and trading profits.
- Develops trading strategies, initiates and manages physical and financial positions for profit, focuses on supply portfolio, manages price exposure for system and trading positions and proposes relevant risk management and hedging strategies.
- Accountable for optimization of supply for retail system requirements and for book trading positions profit/loss.
- Collaborates with commercial operations to manage physical inventories consistent with supply requirements and financial market structure. Represents the company externally and requires an extensive network of 3rd party contacts.
- Seeks out and identifies trading opportunities. Embeds optionality to reduce exposure in trading positions and trade books, interprets financial information, integrates information from a variety of sources, detects trends, associations, and cause/effect outcomes.
- Negotiates contracts both short and long-term. Builds relationships, manages third parties and internal relationships, develops contacts and gathers relevant market information.
- Participates in setting strategic plan for supply & trading team and provides leadership role to other commercial functions.
Required Skills
- Bachelor’s degree in Finance/Business/Engineering or other related discipline
- Prior trading experience in financial markets (futures, swaps, options, etc.)
- Overall understanding of the global refined products business including supply, trading, logistics and operations
- Excellent analytical, communication, and interpersonal skills
- Proven negotiation skills
- Demonstrated leadership capability
To perform this job successfully, an individual must be able to perform each essential job duty satisfactorily. The requirements for this position are listed below:
Trader level requires a minimum of 2-5 years experience in energy industry with at least 2 years prior trading experience in domestic physical clean products markets.
Trader II level requires a minimum of 5 years experience in energy industry with at least 2 years prior trading experience in domestic physical clean products markets.
Preferred Skills
Experience using Right Angle
Gasoline blending experience
Physical product and component trading experience in U.S. hub markets (USGC, NYH, CHI)
Understanding of refined products logistics assets in the U.S. (pipelines/terminals)
Experience in commercial operations such as marine and pipeline movements