27 Jan 2012

Graduate Jobs at Oando Nigeria

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Job Description

Vacancy Title Junior Trader
Department Trading

Date Published Jan 25, 2012
Closing Date Feb 8, 2012

Vacancy Description
JOB SUMMARY
The primary function and responsibility of the Trading Department is to act on behalf of clients to buy and sell physical commodities (including Crude Oil, PMS, AGO, DPK and Jet A1, Bitumen, LPFO, Base Oils, Chemicals and other specialty products). Traders are also responsible for managing risk through the use of various hedging strategies including derivatives (futures and options) that are based on those physical commodities. In addition, the team sources comprehensive market research (both supply and demand) that provides the Company with required information for developing short- and long-term strategic marketing plans covering origination, marketing and to some extent, wholesale product delivery to clients.

The Junior Trader provides analytical, implementation and monitoring support to the Trading Department in ensuring the effective execution of marketing and sales strategies that target potential and existing markets and customers for products and services. The position incumbent is responsible for transaction processing, documentation support and some level of involvement in the execution and monitoring of daily trades.

The role ensures the currency of market, supplier and customer data, and performs required analysis to identify potential risks and other business issues. The Junior Trader also maintains a very close working relationship with the Legal, Finance and Operations Departments to ensure a seamless process is worked in executing spot and long-term contracts.

SPECIFIC DUTIES & RESPONSIBILITIES
Operational
Performs deal validation, analysis and problem identification for executed trades on a daily basis.
Reports the daily position and P&L using approved reporting frameworks and reporting systems.
Analyses and reconciles daily and month-end P&L information, and verifies data integrity.
Performs position scenario analysis based on instructions and under the guidance of Senior Traders.
Performs daily market surveys for price discovery with respect to next day trading.
Updates market information on electronic trading systems at the instance of Senior Traders.
Complies with approved decision-making and monitoring systems, processes, procedures and policies and ensures effective controls are adhered to in handling job duties; maintains the integrity of all transactions by analysing service provisions and agreements for compliance with regulations, federal and local legislation and contract terms.
Supports the origination, closing and contract administration of large scale, seasonal, long-term positions; prepares draft bid documents for products traded and submits to the Head, BD & Trading or the Specialties Products Trader for review and approval.
Key in trade details into the Trade Software and update throughout transactional cycle
Checks and sends all the confirmations produced by the system to the counter parties
Collects all incoming confirmations (both third party and returned confirmations) and checks and records against the Trading Book.
Collects and checks brokers’ confirmations against the Trading Book contents each morning.
Produces and checks trading invoices in association with the Senior Traders.
Ensures all trade-related documents are scanned and filed in an organised and systematic manner for easy retrieval whenever needed.
Sources and analyses global market and product data, towards identifying excessive exposures; identifies and raises issues to Senior Traders
Acts as back-up to Traders.
Performs other assigned duties as delegated by the Senior Trader.
QUALIFICATIONS & EXPERIENCE
1st degree in Engineering, Finance, Investment Management, Business Administration, Economics or other related degree
0 – 2 years work experience within a reputable and structured organisation (financial institution, energy trading company etc.).
Exposure to commodities trading activities is an advantage.
KNOWLEDGE & SKILLS REQUIRED
Basic understanding of Oil & Gas Industry Dynamics & World Markets
Basic understanding of Energy Trading Markets
Basic Commodities Trading (Oil & Gas Products)
Basic Physical Products Trading
Basic Finance
Strong analytics
Networking & Relationship Management
Negotiation
Business Performance Monitoring and
Initiative & a Keen/Acute Sense of Judgment, Decisiveness and Self-Discipline
Creativity & Innovation
Political Savvy
Teamplaying
Oral & Written Communication

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Job Categories: BSC Jobs, Graduate Trainee & Fresh Graduate Jobs Nigeria, HND Jobs in Nigeria, and Oil & Gas Jobs in Nigeria. Job Tags: Finance, information, Junior, Junior Trader, marketing, position, Senior, and Senior Traders.

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8 Responses to “Graduate Jobs at Oando Nigeria”

  1. Comment made by Popoola Aanu Grace on Jan 27th 2012 at 5:58 am:

    My name is stated above, I’am young graduate from university of technology akure, I studied biology storage technology, I’am right now serving at Abia state, Umuahia, I will like to work with Oando Nigeria plc, I will be grateful. If my request is granted.

  2. Comment made by Ayeni-Segun taiwo ope on Jan 27th 2012 at 8:16 am:

    my name is stated above,am a young graduate from ekiti state university,i studied accounting education.i do like to work with oando plc.i will be glad if my request is granted.i can be reached on 08068950706

  3. Comment made by Nweke Ijroma Charity on Jan 27th 2012 at 10:42 am:

    i am a fresh graduate of Human Anatomy from University of Maiduguri. I Just finished my Youth Service and therefore wished to be employed in Oando Nig. Plc as my service will be highly recognised. I will be very gratefull if my request is given due consideration.

  4. Comment made by Mmadu Monica on Jan 27th 2012 at 1:03 pm:

    Mmadu Monica
    Dear Sir,
    I wish to apply for the position of junior service in your company.I hails from Rivers State,resides in Oyigbo.I have Bsc in Accountancy,Nysc Certificate and Computer diploma certificate. I promise to add the growth of the company and hope for the interview call.
    Thanks
    Your’s faithfully
    Mmadu Monica
    08036725766

  5. Comment made by Daramola wura on Jan 27th 2012 at 3:07 pm:

    My name is stated above,pls i read English language can i apply.

  6. Comment made by Daramola wura on Jan 27th 2012 at 3:13 pm:

    My name is stated above.pls,in d next couple f weeks,I will be discharge from NYSC,am a graduate of Obafemi Awolowo university,I read English language.Can i apply?

  7. Comment made by Ibe cherechi Annabel on Jan 27th 2012 at 5:04 pm:

    Good day sir/Ma
    My names are stated above,I’m a B.sc holder in Accountancy from imo state university .Please I’ll like to apply for the post of junior service in your company,I promise to abide by the rules Α̲̅πϑ regulation of the company/office(so help me God)..Α̲̅πϑ I also hope to add to the growth of the company in any way I can…
    Thanks
    Yours faithfully
    Ibe cherechi Annabel
    08036100031

  8. Comment made by MUHAMMAD TAHIR ISA on Jan 27th 2012 at 6:39 pm:

    my name clearly stated above am graduate from FUTO i hv my discharge certificate of NYSC 2010 i read geology i wil like to work on my field of study

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