Manager, Trading

Equinor ASA•Houston, TX

1d•Onsite

About The Position

The Manager Trading at Equinor U.S. Operations LLC in Houston, TX will be responsible for Marketing and Trading of Equity and 3rd party physical NGL and Refined Product flows, both Globally and within the Americas. Serve in lead role in Equinor’s global cargo arbitrage business. Serve in lead role in a new Global Financial Trading initiative. Trade financial derivates for hedging and optimization of asset optionality. Develop and implement trading strategies, plan, and lead negotiations. Manage pricing exposures based on market views and information. Collaborate with traders in other offices and provide market insight from an Americas perspective. Work closely with Origination to develop long-term export opportunities from North America in line with the Global LPG asset backed trading strategy. Collaborate with Risk, Operations, Asset Management, and other stakeholders. Maintain and develop key customer relationships. Participate and lead project teams and business development initiatives. Optimize value and utilization of assets (pipeline, rail, barges, refrigerated vessels and storage positions, etc.). Timely and accurate deal entry of all deals into trade capture systems. Responsibility for P&L reporting and explanation. Ensure safe, reliable, and efficient operations of marketing, shipping, and trading activities. Understand and comply with all rules and regulations regarding commercial marketing and trading activities. 30 % domestic and international travel is required.

Requirements

Bachelor's degree in Finance, Economics or a directly related field
13 years of NGL energy trading experience
At least eight years of experience with each of the following: trading Edmonton Condensate on the Fort Saskatchewan Pipeline System; trading C5 in the Mont Belvieu Natural Gas Liquids complex including the Lonestar, Enterprise and Targa Caverns; trading with market participants for NGLs, Condensate and Canadian Crude Oil; the CAPP Equalization Process and its effect on diluent value and Enbridge Quality specifications; and trading with U.S. Gulf Coast Market participants for NGLs.
At least five years of experience with each of the following: sourcing Naphtha, LSR, or C5 via barge, vessel, or pipe into the Houston Ship Channel; coordinating above ground tankage and batch injections into Explorer Pipeline; and negotiating asset leases for cavern storage, above ground storage, pipeline commitments, and rail and truck terminals.
At least four years of experience with each of the following: managing a LPG export program for a minimum of 3+ Million MT of LPG per year including: trading the physical cargo (FOB and CFR), identifying the optimal product mix, the highest paying international market as well as managing the associated arbitrage risk in the global waterborne markets; managing freight positions by working with Vetting and Operations, negotiating Vessel Charters (both in and out), bidding for Panama Canal auctions, as well as optimizing an existing Term Charter Fleet of over 9 VLGC’s; and actively trading and hedging the arbitrage risk using LPG derivatives including each of the following: Propane, OPIS Mt. Belvieu TET Futures Propane, OPIS Mt. Belvieu Non-TET Futures Propane, Argus Far East Index (AFEI) Futures Propane, Argus Saudi CP Futures Propane, Argus CIF ARA Futures Butane, Argus Saudi CP Futures Normal Butane, OPIS Mt. Belvieu Non-TET Futures Iso Butane, OPIS Mt. Belvieu Non-TET Futures Butane, Argus CIF ARA Futures Naphtha CIF NWE Cargoes Futures Naphtha C+F Japan Cargoes Futures LPG (BLPG) FFA Middle East Gulf to East 44,000 MTS (Baltic) Futures LPG (BLPG3) FFA Houston to Chiba (Baltic) Futures

Responsibilities

Marketing and Trading of Equity and 3rd party physical NGL and Refined Product flows, both Globally and within the Americas.
Serve in lead role in Equinor’s global cargo arbitrage business.
Serve in lead role in a new Global Financial Trading initiative.
Trade financial derivates for hedging and optimization of asset optionality.
Develop and implement trading strategies, plan, and lead negotiations.
Manage pricing exposures based on market views and information.
Collaborate with traders in other offices and provide market insight from an Americas perspective.
Work closely with Origination to develop long-term export opportunities from North America in line with the Global LPG asset backed trading strategy.
Collaborate with Risk, Operations, Asset Management, and other stakeholders.
Maintain and develop key customer relationships.
Participate and lead project teams and business development initiatives.
Optimize value and utilization of assets (pipeline, rail, barges, refrigerated vessels and storage positions, etc.).
Timely and accurate deal entry of all deals into trade capture systems.
Responsibility for P&L reporting and explanation.
Ensure safe, reliable, and efficient operations of marketing, shipping, and trading activities.
Understand and comply with all rules and regulations regarding commercial marketing and trading activities.