Futures Trader Job at Irving Oil
Job Title
Futures Trader
Who are we?
Founded in 1924, Irving Oil is a family-owned international refining and marketing company with a history of long-term partnerships and relationships. With operations throughout Eastern Canada, New England and Ireland we focus on delivering quality products and exceptional service to our customers and our communities. Every day, we strive to put our good energy in action to bring families together, support the environment and local wildlife, and to create learning opportunities that empower the next generation.
Here's what you can expect from us:
When you're a part of our team, you'll see how we bring good energy to all that we do. At Irving Oil, we strive for a work environment where each of us feels we belong, can bring our whole selves to work, and where we treat our fellow employees with kindness and respect. Together, we will support our corporate strategy, high standards and the communities where we live and work. Our collaborative approach, safety-first culture and commitment to building resilient teams helps reinforce our internal brand position where People Matter. That's why we're dedicated to investing in our employees’ potential, so that they can reach their career goals.
Job Description
What you can expect in a typical day
As a Futures Trader, you will be an integral part of our Product Trading team supporting the Commodity Risk Management, Products and Trading teams. You will be responsible for executing trades and trading strategies in compliance with Irving’s hedge program and analyzing market conditions to manage risk within prescribed limits.
What we offer:
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Competitive salary, bonus, and pension plan
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Flexible benefits, including a Health Spending Account
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Wellness support, including annual wellness allowance and paid personal care days
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Paid vacation and vacation purchasing
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Personal and professional development opportunities
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Named one of Canada’s Top 100 Employers for six consecutive years
Your roles and responsibilities:
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Execute standard hedging program in accordance with company policies
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Lead development, management and execution of adjustments to standard hedging program
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Analyze market information and market trends daily to inform decisions on standard hedging programs
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Collaborate with the Commodity Risk management Analysts to develop and implement financial trading strategies based on market analysis.
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Support Physical Traders in the development of analyses for non-standard hedging strategies in accordance with company policies and execute trades related to these strategies as required
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Support analytics team in developing and back testing fundamental and systematic models to identify trading opportunities
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Understand risks associated with hedging and trading activities and abide by established risk tolerance levels
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Develop counterparty and broker relationships
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Provide periodic presentations to senior management with regard to strategy and financial performance
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Perform daily valuation of financial positions to reconcile with the Corporate Back Office
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Actively working on transactions, analysis and strategies during regular market hours. This position requires the financial traders be actively managing his/her financial transactions at all time during regular market hours
Professional skills
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Strong entrepreneurial mindset
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Excellent analytical and problem-solving skills
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Proven ability to develop and successfully execute trading strategies based on market analysis, e.g. technical and fundamental analysis
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Awareness of basic legal and regulatory principles as it relates to trading and Irving Oil proprietary business
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Team player with strong communication, decision making, and collaborative skills.
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Ability to work well in a dynamic, fast paced, and high-pressure environment
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Excellent negotiation skills
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Strong computer skills particularly working with MS Excel
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Strong understanding of relevant futures, swaps, and options for crude and products
Travel
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Travel is not a requirement for this role
Education and experience
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An advanced degree in business/engineering, economics, financial engineering or finance-related disciplines is strongly preferred
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Previous work experience with or within Supply Planning and Trading team(s)
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Must have experience in oil and products markets analysis
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Professional designation (CFA, FRM) is considered an asset.
Irving Oil supports a diverse and inclusive work environment and welcomes applications from all qualified applicants
Job Requirements - Work Experience
Job Requirements - Education
Location
Saint John, NB
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