Derivative Trader

At Repsol, we are committed to equality and do not request personal information.

We believe that diversity contributes to innovative ideas and provides added value that enables us to benefit from mutual learning and perform our best work. Here, what counts is your experience and your ability to create value. We offer you the opportunity to grow professionally, develop your career with challenging projects and collaborate with talented people worldwide. As a company committed to diversity and inclusion, we encourage all professionals who meet the job description requirements to apply.

The position is a senior member of the team charged with maximizing the value of the volumes available for trading in LNG markets by identifying opportunities, developing positions, managing risk and ensuring effective coordination of all parties involved in execution of financial trades.

The position requires deep knowledge and understanding of the global gas and LNG markets, including operational, technical and financial aspects and risk mitigation tools. This involves appreciation of the macro-economic fundamentals of global gas markets, intelligence on the activities of producers and users of natural gas, understanding the financing of gas trading, structuring LNG sales/purchase contracts

Key Duties and Responsibilities:

Identifies business opportunities and generates viable leads by maintaining an effective network of industry contacts and conducting analyses of gas market fundamentals

Identifies, develops and manages a suite of tools and data in pricing deals which ensures profitability and optimizes risk in volatile markets, and tracks performance and reports on their implementation

Manages and executes trades in financial markets which enable the business to maintain portfolio equilibrium, limit risk and manage liquidity

Identify and execute trading strategies in order to monetize the optionality in the portfolio 

Coordinates the involvement of expert advice (e.g. legal, risk, financial) in the analysis and development of business proposals such that value to the portfolio can be maximized and risks mitigated

Provides the company with access to markets by negotiating enabling agreements with financial institutions, exchanges, derivatives brokers and supports the finance function in obtaining adequate credit terms to trade

Provides mentoring and leadership to junior trading to maintain quality standards and to support the professional development of such staff

Coordinates with MO team to calibrate and refine models

Specific Skills and Knowledge:

Bachelor’s or Master’s degree in a quantitative subject (i.e. Economics, Business, Engineering, etc)

5-10 years working experience in LNG commodities financial trading

Strong network and reputation within LNG industry

Excellent understanding of the LNG market, physical and derivative trading concepts

Highly numerate able to conduct complex economic and financial modelling

Proven decision-making ability based on creative thinking and effective analysis of data and situations

Strong analytical and negotiation skills

Entrepreneurial spirit able to build fruitful relationships with third parties

Strong Spanish preferable