What are the responsibilities and job description for the Oil Trader position at Macquarie Group?
Our Long Dated Relative Value team in Minneapolis is looking for a highly motivated individual to join our team as an Oil Trader. Our desk trades a global book across the entire barrel of oil products using futures, swaps and options. We combine fundamental, quantitative and technical analysis in a collaborative team environment to deploy risk. The team is focused on achieving high risk adjusted returns while maintaining high VaR utilization.
At Macquarie, our advantage is bringing together diverse people and empowering them to shape all kinds of possibilities. We are a global financial services group operating in 31 markets and with 56 years of unbroken profitability. You’ll be part of a friendly and supportive team where everyone - no matter what role - contributes ideas and drives outcomes.
What role will you play?
As part of a small and dynamic trading team within Macquarie’s broader oil business, you will leverage the data and tools at Macquarie to improve our analysis in oil market fundamentals, identify possible trading opportunities, and maintain, update, and improve trading and analytical tools. You will perform daily tasks such as running profit and loss reports, communicating market analysis and views, and develop your risk-taking skills. As you spend more time in the role you will build up a highly specialized knowledge of oil markets and complex financial products as well as Macquarie’s proprietary trading approaches, policies, strategies, and systems.
What You Offer
What We Offer
Benefits
At Macquarie, you’re empowered to shape a career that’s rewarding in all the ways that matter most to you. Macquarie employees can access a wide range of benefits which, depending on eligibility criteria, include:
Commodities and Global Markets is a global business offering capital and financing, risk management, market access, physical execution and logistics solutions to its diverse client base across Commodities, Financial Markets and Asset Finance.
Empowering all kinds of bright and driven people
We are committed to providing an inclusive environment for all that values and respects different experiences, skillsets and perspectives. Macquarie provides access to opportunities for all individuals regardless of race, color, religion, sex, sexual orientation, national origin, age, disability, protected veteran status, genetic information, marital status, gender identity or any other characteristic or circumstance.
We provide reasonable accommodation to individuals who may need support during the recruitment process and employment. If you require an accommodation, please let us know during the application process.
At Macquarie, our advantage is bringing together diverse people and empowering them to shape all kinds of possibilities. We are a global financial services group operating in 31 markets and with 56 years of unbroken profitability. You’ll be part of a friendly and supportive team where everyone - no matter what role - contributes ideas and drives outcomes.
What role will you play?
As part of a small and dynamic trading team within Macquarie’s broader oil business, you will leverage the data and tools at Macquarie to improve our analysis in oil market fundamentals, identify possible trading opportunities, and maintain, update, and improve trading and analytical tools. You will perform daily tasks such as running profit and loss reports, communicating market analysis and views, and develop your risk-taking skills. As you spend more time in the role you will build up a highly specialized knowledge of oil markets and complex financial products as well as Macquarie’s proprietary trading approaches, policies, strategies, and systems.
What You Offer
- 2-3 years of relevant commodities experience in a trading, analysis or research role and Bachelor’s/master’s in finance, economics, math, engineering or similar
- Demonstrated consistent success in working closely within a team environment and handling high pressure situations; highly driven and self-starting; risk management and/or trading experience required.
- Excellent analytical, numerical reasoning, written and verbal communication skills and keen interest and knowledge of global geopolitical and economic environment and trends
- Entrepreneurial and creative in your approach to problem solving
- Technically skilled in Excel, working with large quantities of data, Bloomberg and/or Reuters familiarity. Programming skills are highly desirable.
What We Offer
Benefits
At Macquarie, you’re empowered to shape a career that’s rewarding in all the ways that matter most to you. Macquarie employees can access a wide range of benefits which, depending on eligibility criteria, include:
- 1 wellbeing leave day per year and a minimum of 25 days of annual leave
- 20 weeks’ paid parental leave for primary caregivers along with 12 days of paid transition leave upon return to work and 6 weeks’ paid leave for secondary caregivers
- 2 days of paid volunteer leave and donation matching
- Benefits and initiatives to support your physical, mental and financial wellbeing such as medical, prescription drug, dental, and vision insurance; health savings account and dependent day care savings account; life insurance, disability, and other insurance plans; 401(k) and short/long term disability
- Access to our Employee Assistance Program, a robust behavioural health network with counselling and coaching services
- Access to a wide range of learning and development opportunities, including reimbursement for professional membership or subscription
- Recognition and service awards
- Hybrid and flexible working arrangements, dependent on role
- Reimbursement for work from home equipment
Commodities and Global Markets is a global business offering capital and financing, risk management, market access, physical execution and logistics solutions to its diverse client base across Commodities, Financial Markets and Asset Finance.
Empowering all kinds of bright and driven people
We are committed to providing an inclusive environment for all that values and respects different experiences, skillsets and perspectives. Macquarie provides access to opportunities for all individuals regardless of race, color, religion, sex, sexual orientation, national origin, age, disability, protected veteran status, genetic information, marital status, gender identity or any other characteristic or circumstance.
We provide reasonable accommodation to individuals who may need support during the recruitment process and employment. If you require an accommodation, please let us know during the application process.