Trainee Broker (Crude market) Trainee Broker (Crude market)

Clarksons•Houston, TX

About The Position

The role of the Trainee Broker encompasses support for the broker desk during the daily trading cycle, back-up for broker confirmations, and assisting the office manager as needed in daily tasks. Training will be provided. LINK CRUDE/LINK FUTURES• Compile analysis of prior day’s trading volumes and enter data into corresponding spreadsheetso Domestic Canadian and Rockies internal market recaps• Update and maintain Wallboard market informationo Marketview, Posting Plus• Learn and utilize the Bloomberg terminal and Link page• Keep public folder Contacts up to date• Generate ranking reports and revenue reports weekly• Execute relevant reports for both internal use and client submissiono Link Daily Report- enter trades and generate reporto Forward Curve-enter values and generate each report dailyo Canadian Report- enter values and generate report• Assist brokers in writing up daily transactions as they occur in real timeo Pointer▪ Drafting deal sheet▪ Distribute completed deals sheets to brokers.▪ Distribute broker approved deal sheets to Access Confirmer▪ Deal Sheet Revisions▪ Redistribution of recaps between brokerso Inputting deals in E-Confirm Compare entries with Access, recaps and deal sheets▪ Respond to client inquires▪ Investigate and correct unmatched trades▪ Create E-Confirm Transaction approval report.o Recorder▪ Log all deals in deal book.▪ Deal book revisions.▪ Send reportable trades to teams for broker approval▪ Report trades to Argus• Check Daily transaction reports for accuracyo Highlight anomalies and bring to broker desk attention• Update daily volumes and Link percentage of physical and financial marketo Develop monthly and annual comparison tables for reference• Input and save all Argus data for relevant analyseso Develop relevant market analyses as neededo Have a working knowledge of Excel for charting/data presentation• Clear trades as needed through relevant exchange portals• Enter customer transactions into E-Confirm platforms as needed• Answer phones throughout the day as needed.• Maintain up to date market information throughout the dayo Understand parties and current markets• Understand and assist the Confirmations position as neededo E-Confirm, Trade Recaps, Broker Webo Backup for this position in the event of emergency• Develop understanding of the role of a Broker in the domestic crude marketo Crude Oil pricing and Infrastructureo Market movement and trendso Clients and company relationships• Earn Series 3 License• Earn Series 30 Licenseo Ensure Brokers timely administration and completion of broker compliance testing.o Ensure accurate record keeping and documentation for all Exchange traded products Link Data Services• Generate, assist with and send out Link Crude Daily Report, End of Day and Canadian Report.• Updating settlement prices for Forward curve • Manage distribution lists for all LDS reports.

Responsibilities

Support for the broker desk during the daily trading cycle
Back-up for broker confirmations
Assisting the office manager as needed in daily tasks
Compile analysis of prior day’s trading volumes and enter data into corresponding spreadsheets
Domestic Canadian and Rockies internal market recaps
Update and maintain Wallboard market information
Marketview, Posting Plus
Learn and utilize the Bloomberg terminal and Link page
Keep public folder Contacts up to date
Generate ranking reports and revenue reports weekly
Execute relevant reports for both internal use and client submission
Link Daily Report- enter trades and generate report
Forward Curve-enter values and generate each report daily
Canadian Report- enter values and generate report
Assist brokers in writing up daily transactions as they occur in real time
Drafting deal sheet
Distribute completed deals sheets to brokers.
Distribute broker approved deal sheets to Access Confirmer
Deal Sheet Revisions
Redistribution of recaps between brokers
Inputting deals in E-Confirm Compare entries with Access, recaps and deal sheets
Respond to client inquires
Investigate and correct unmatched trades
Create E-Confirm Transaction approval report.
Log all deals in deal book.
Deal book revisions.
Send reportable trades to teams for broker approval
Report trades to Argus
Check Daily transaction reports for accuracy
Highlight anomalies and bring to broker desk attention
Update daily volumes and Link percentage of physical and financial market
Develop monthly and annual comparison tables for reference
Input and save all Argus data for relevant analyses
Develop relevant market analyses as needed
Have a working knowledge of Excel for charting/data presentation
Clear trades as needed through relevant exchange portals
Enter customer transactions into E-Confirm platforms as needed
Answer phones throughout the day as needed.
Maintain up to date market information throughout the day
Understand parties and current markets
Understand and assist the Confirmations position as needed
E-Confirm, Trade Recaps, Broker Web
Backup for this position in the event of emergency
Develop understanding of the role of a Broker in the domestic crude market
Crude Oil pricing and Infrastructure
Market movement and trends
Clients and company relationships
Earn Series 3 License
Earn Series 30 License
Ensure Brokers timely administration and completion of broker compliance testing.
Ensure accurate record keeping and documentation for all Exchange traded products
Generate, assist with and send out Link Crude Daily Report, End of Day and Canadian Report.
Updating settlement prices for Forward curve
Manage distribution lists for all LDS reports.