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Original posting from Selby Jennings
Senior Fuel Oil Trader (Cargo Trading - Physical & Spec)We are currently partnering with a fast-growing, asset-backed commodities trading platform on a confidential mandate, seeking an experienced Fuel Oil Trader to expand its oil products franchise.The firm operates a lean, entrepreneurial model, combining physical market expertise with flexible capital deployment and selective proprietary trading. This is a front-to-back cargo trading role with a strong emphasis on physical third-party fuel oil trading, complemented by a disciplined speculative overlay.The successful candidate will have full end-to-end ownership of trades, from origination through execution, logistics, financial management, and final P&L realization. Physical Cargo Trading, Origination & Spec Trading Build and manage a third-party physical fuel oil trading book, focused on cargo trading across Asia and global marketsOriginate and execute spot and term cargo transactions (HSFO, VLSFO, blending components)Identify and capture arbitrage opportunities across regions, specifications, and market dislocationsStructure and negotiate FOB, CFR, DES cargo deals with refiners, traders, and end-usersRun a proprietary trading overlay through fuel oil cracks, spreads, and related derivativesAlign paper positioning with physical exposures to enhance returns and manage downside riskActively manage market risk, structure, and forward positioningTake full responsibility for trades across the entire lifecycle, including Contract structuring and negotiation, Chartering interface and cargo movement, Blending, quality, and delivery considerationsWork closely with internal and external stakeholders to oversee Operational execution and scheduling, Documentation, invoicing, and settlements and Trade financing and cost optimizationProactively manage and resolve operational issues to protect commercial valueStrategic Flexibility & Asset-Linked OpportunitiesContribute to value creation beyond cargo flows, including:Evaluating storage plays, blending optionality, and logistics enhancementsParticipating in selective structured transactions or partnershipsSupporting case-by-case capital deployment (e.g. storage access, strategic JVs, optionality capture)Operate within a flexible mandate, leveraging the platform's ability to act opportunisticallyMarket Intelligence & RelationshipsBuild a differentiated view of fuel oil fundamentals (refining systems, IMO dynamics, regional flows)Maintain and expand relationships across refiners, traders, shipowners, and brokersDevelop a strong market presence and flow access Experience8-15+ years of experience in fuel oil cargo trading, with a strong physical trading track recordEntrepreneurial, with the ability to identify and execute opportunities independentlyStrong commercial judgement with disciplined risk-takingProven ability in third-party cargo origination and arbitrage executionExperience combining physical flows with proprietary/speculative tradingDemonstrated ownership of end-to-end trades, not purely execution or paper rolesStrong understanding of Fuel oil specifications and blending economics (HSFO, VLSFO, cutter stocks, Freight markets, cargo logistics, and arbitrage economics and Pricing benchmarks, cracks, and derivativesClear track record of P&L generation and risk managementWhy This OpportunityAbility to build and own a fuel oil cargo trading franchiseFull visibility and control over trades - from idea to cashFlexible platform with willingness to deploy capital into non-linear opportunitiesEntrepreneurial culture without large-house bureaucracyDirect alignment between performance and reward Kindly drop us a copy of your CV (word format) and through this application to register your interest. All our conversations will be kept strictly confidential. We regret that only shortlisted candidates will be contacted. Thank you. Selby Jennings is a Trading Style of Phaidon International (License number R16S8194)
Source: Selby Jennings careers