Gasoline Trader

Pangea is supporting an independent commodity trading firm that is looking for a financial gasoline trader to join their desk.

The Role:
This is a speculative trading seat with no physical or hedhing mandate. The core requirement is a deep fundamental understanding of US domestic gasoline. The book can be built around whichever part of the gasoline market the individual trader knows best.

Key Responsibilities:

• run a financially settled gasoline book built around your area of strength.
• Generate trade ideas from a fundamental view of gasoline, refinery runs, yeilds, inventories, etc.
• Express view through outrights, time spreads,location and grade spreads, cracks and arbs, and choosing the structure that uses VaR most efficiently.
• Add RV trades across distillate, crude and other products where they compliment the gasoline book
• Operate within VaR, per-trade risk and lot limits, reporting clearly to risk and Management.

Requirements:

• 5+ years trading gasoline derivatives with a speculative or risk-taking manddate, at a trading house, hedge fund, bank or refiner's trading arm
• A deep, fundamental understanding of gasoline: S&D, specs and seasonality, blending, and regional market strucutre
• An attributable, consisten P&L track record, focused on risk-adjusted returns rather than VaR utiization
• Fluency in the exchange and OTC instruments used to trade gasoline: futures, swaps, spreads and options
• Disciplined risk management: sizes positions by conviction and treats limits as hard
• Strong analytical skills, comfort with data, Excel and other technologies.

At this time, the client is unable to offer any H1B sponsorship.