Lead Trader
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Job summary
We are seeking an experienced and commercially astute Lead Trader to manage day-to-day trading activities and drive business development and deal origination within Nigeria's oil and gas market. Reporting to the Head of Trade Operations & Business Development, the successful candidate will be responsible for developing trading opportunities etc
Min Qualification:
Degree
Experience Level:
Senior level
Experience Length:
7 years
Language Requirement:
English
Work Type:
Full Time
Working Hours:
8 to 5
Applicant Location:
Nigeria
Job descriptions & requirements
Responsibilities:
- Develop and implement trading strategies to maximise profitability while managing market and financial risks.
- Monitor financial markets, price movements, economic indicators, and industry trends to identify profitable trading opportunities.
- Execute and oversee trading activities in accordance with approved strategies, risk limits, and company policies.
- Lead and supervise a team of traders, providing guidance, training, and performance feedback.
- Analyse market data, trading patterns, and financial reports to support informed trading decisions.
- Manage trading portfolios and ensure positions align with investment objectives and risk tolerance.
- Establish and monitor trading limits, stop-loss levels, and risk management procedures.
- Build and maintain relationships with brokers, financial institutions, counterparties, and other market participants.
- Evaluate trading performance and identify opportunities to improve returns and operational efficiency.
Requirements:
- Bachelor's degree in Economics, Business Administration, Finance, or a related discipline.
- 7–10 years of relevant oil and gas trading experience within Nigeria.
- Demonstrable experience in physical commodity deal origination, commercial negotiations, and business development.
- An established and credible network of Nigerian trading counterparties, suppliers, and customers.
- Working knowledge of Nigerian oil and gas market structures and applicable regulatory requirements.
- Understanding of commodity pricing, trading margins, hedging fundamentals, and arbitrage principles.
- Strong commercial judgement, negotiation, analytical, and relationship-management skills.
- Experience supervising trading personnel or coordinating a trading desk.
- Relevant certifications in oil trading fundamentals, Incoterms, shipping, petroleum freight markets, or related disciplines are advantageous.
Benefits:
- Annual performance bonus
Remuneration: NGN 2,000,000
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