Career Opportunities
Crude/Petroleum Trader, Pinnacle Fuel
Diversified. Resilient. Dynamic.
Marex is a global financial services platform, providing essential liquidity, market access and infrastructure services to clients in the energy, commodities and financial markets.
The Group provides comprehensive breadth and depth of coverage across four core services: Market Making, Clearing, Hedging and Investment Solutions and Agency and Execution. It has a major franchise in many major metals, energy and agricultural products, executing around 50 million trades and clearing 205 million contracts in 2022. The Group provides access to the world’s major commodity markets, covering a broad range of clients that include some of the largest commodity producers, consumers and traders, banks, hedge funds and asset managers.
With more than 35 offices around the globe, and over 2,000 dedicated people enabling access to exchanges and technology-powered services.
For more information visit www.marex.com
Purpose of Role:
Mare is seeking a Fuel Broker who is an experienced, strategic, diligent, ambitious, and proactive individual, responsible for a portfolio of Petroleum products. This Senior to Intermediate level position with the ability to work autonomously, and also as part of a team and directly engage with clients. Commercial ability to maintain good relationship with clients and find new ones to bring flow.
Marex has unique access across markets with significant share globally both on and off exchange. The depth of knowledge amongst its teams and divisions provides its customers with clear advantage, and its technology-led service provides access to all major exchanges, order-flow management via screen, voice and DMA, plus award-winning data, insights and analytics.
Pinnacle Fuel LLC is the physical oil and petroleum trading division of Marex. As a global merchant trader of a broad spectrum of products, ranging across the entire scale of the crude barrel, we bring value to the marketplace by identifying the optimal outlets for the various products we handle. Unlike most of its peers, Pinnacle is a multi-faceted trading house that derives value from being hands-on in every aspect of its business. We embrace the opportunity to take on the responsibility to meet the needs of each and every one of our clients. Pinnacle is able to leverage its great experience and relationships in the petroleum arena along with the global presence and vast resources of the Marex group.
Our expertise is in sourcing and accumulating a variety of products including:
- Crude Oil
- Distillates
- Fuel Oil
- Gasoline
- Components and other blend stocks
Pinnacle Fuel provides a full range of services including: blending, storage, marketing, logistics and distribution, along with a robust sales and purchasing program.
Responsibilities:
- Conduct thorough analysis of energy markets, supply and demand trends, geopolitical factors, and economic indicators to inform trading decisions.
- Develop and implement risk management strategies to mitigate price fluctuations, credit risks, and operational uncertainties associated with trading activities.
- Execute trading strategies by buying and selling petroleum products, ensuring accurate and timely trade execution.
- Collaborate closely with logistics, transportation, and storage teams to optimize the movement and storage of petroleum products, ensuring timely delivery to customers.
- Identify opportunities to maximize profits while managing costs, leveraging price differentials, and arbitrage possibilities.
- Establish and nurture relationships with suppliers, customers, and industry peers to gather market insights, negotiate favorable terms, and ensure smooth transactions.
- Utilize data analytics, market modelling, and demand forecasting to predict market trends, develop trading strategies, and improve decision-making.
- Stay up to date with industry regulations and ensure that trading activities align with legal and compliance standards.
- Stay informed about industry dynamics, emerging technologies, and trading best practices to adapt strategies accordingly.
- Prepare regular report on trading activities, performance metrics, and market analysis for internal stakeholders.
- Ensuring compliance with the company’s regulatory requirements under the SEC, FINRA, NFA, CFTC and other applicable exchanges.
- Adhere to the operational risk framework for your role ensuring that all regulatory or company determined parameters are complied with.
- Role model for demonstrating highest level standards of integrity and conduct and reflecting Company Values.
- At all times complying with Marex’s Code of Conduct.
- Carrying out regulatory activities under the Marex Financial and MSIL trading books.
- Liaising with clients in US; clients include banks, hedge funds, market makers, fund managers, institutional, trading houses and other trading boutiques.
- To ensure that you are fully aware of and adhere to internal policies that relate to you, your role or any other activities for which you have any level of responsibility.
- To report any breaches of policy to Compliance and/or your supervisor as required.
- To escalate risk events immediately.
- To provide input to risk management processes, as required.
The Company may require you to carry out other duties from time to time.
Competencies, Skills and Experience:
Competencies
- Excellent verbal written and communication skills.
- A collaborative team player, that is approachable, self-efficient and influences a positive work environment.
- Demonstrates curiosity.
- Ability to take a high level of responsibility.
- Excels at building relationships, networking and influencing others.
- Resilient in a challenging, fast-paced environment.
- Strategic collaborator with insight and agility, able to anticipate future challenges, ensuring operational effectiveness.
Skills and Experience
- Proactive mindset in keeping up to date with market research and incorporating into role efficiently.
- Analytical skills, identifying opportunities and risks in a quick and decisive manner.
- Comprehensive knowledge of the financial service markets and relevant regulatory requirements.
- Substantial experience working in and knowledge of a Petroleum product area.
- Experience of the infrastructural support required to efficiently support Petroleum business lines.
- Experience working in a regulated environment and knowledge of the risk and compliance requirements associated with this.
- Experience in operating on electronic market making infrastructure.
- Experience in risk managing of Petroleum portfolios.
- Knowledge of the underlying products at Marex within the Petroleum remit.
- Bachelor’s degree preferred
Company Values:
Acting as a role model for the values of the Company:
Respect – Clients are at the heart of our business, with superior execution and superb client service the foundation of the firm. We respect our clients and always treat them fairly.
Integrity
– Doing business the right way is the only way. We hold ourselves to a high ethical standard in everything we do – our clients expect this and we demand it of ourselves.
Collaborative
– We work in teams – open and direct communication and the willingness to work hard and collaboratively are the basis for effective teamwork. Working well with others is necessary for us to succeed at what we do.
Developing our People
– Our people are the basis of our competitive advantage. We look to “grow our own” and make Marex the place ambitious, hardworking, talented people choose to build their careers.
Adaptable and Nimble
– Our size and flexibility is an advantage. We are big enough to support our client’s various needs, and adaptable and nimble enough to respond quickly to changing conditions or requirements. A non-bureaucratic, but well controlled environment fosters initiative as well as employee satisfaction.
Marex is fully committed to the elimination of unlawful or unfair discrimination and values the differences that a diverse workforce brings to the company.
We are an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability status, protected veteran status, or any other characteristic protected by the law.
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