Trader - Residual Fuels

We’re hiring a Trader - Residual Fuels that will sit in our Houston, TX office. As a key member of the Supply & Distribution Team, this role will allow the correct individual to grow a profitable trading business for Global in Residual Fuels. The role will also include commercial analysis for new trading / supply assets, in both terms of new businesses and M&A opportunities. The ideal candidate will have a proven track record of profitability with the petroleum industry as an experienced trader, have a strong work ethic, along with very strong leadership skills, a desire to succeed and a willingness to do whatever it takes to get the job done. This individual will understand basis trading, locational and structural arbitrage and how to take advantage of it in both paper and physical markets, have a strong knowledge of rail logistics and current government policies as it relates to the product, and have established trading contacts within the petroleum markets and a proven track record of trading both with principals and brokers. This position follows a hybrid model with 4 days per week in the office and 1 day remote, some periodical travel may be required.

For over 90 years Global Partners LP has been delivering the energy our communities need to grow, move, and thrive. From Alltown Fresh, with its innovative chef-led creations and guest-focused retail experience, to our vast network of over 50 liquid energy terminals across the eastern seaboard and beyond, Global Partner’s integrated network of businesses delivers value day-in and day-out to our guests and customers across the US. At Global Partners we embrace the future, investing in the energy transition with initiatives like GlobalGLO and supporting the communities in which we operate with our charitable work.

We’re excited for the next 90 years at Global Partners and what innovative new ideas we can bring to our guests and customers in the future. We’re looking for passionate people with great ideas to contribute to our company’s future. If you’re motivated by what’s next, Global Partners can provide you the opportunities to push your career to the next level.

The Types of “Energy” You Bring

- Outstanding organization skills - ability to effectively manage multiple work efforts simultaneously.

- Effective verbal and written communication skills.

- Willingness and desire to learn new skills and take on new responsibilities.

- Ability to work in a fast-paced, changing environment, deliver quickly and adapt to changing demands.

“Gauges” of Responsibility

- Daily ownership and profitability of residual fuel book of business and includes responsibility to procure the most cost-effective product for marketing.

- Meeting all the requirements of Global’s risk policy including hedging all products. Previous trading experience in petroleum derivatives, swaps, futures, physical products required.

- Represent and be the lead for Supply on various projects and opportunities.

- Prepare and present management reports as needed.

- Work with Risk Management both on a daily processes and longer term to improve reports and overall effectiveness.

- Prepare and present risk/return reports on opportunities and analysis as necessary.

- Find and negotiate term sales, rack deals, etc.

- Find and implement any ways to make changes to increase Supply’s profitability, work to grow the business in both current and new markets.

- Support Supply on acquisitions and larger projects.

“Fuel” for You

- Coins! We offer competitive salaries and opportunities for growth. We mean it! We have an amazing Talent Development Team who create trainings for growth and job development.

- Health + Wellness - Medical, Dental, Visions and Life Insurance. Along with additional wellness support.

- The Road Ahead – We offer 401k and a match component!

- Professional Development - We provide tuition reimbursement; this benefit is offered after 6 months of service.

- Give Back! We believe in community support. We know everyone gives in their own way, that’s why we offer paid volunteer time-off to you to help an organization of your choice.

The "GPS" of our Interview Process

- First thing's first, if you’re interested in the role, please apply.

- A talent acquisition team member will review your resume in partnership with the hiring manager. If your experience would lend to this opportunity a recruiter will contact, you.

- We conduct in-person and virtual interviews and provide additional interview information or other items needed at that time.

Qualifications

- Ideally 3 - 5 years industry experience in clean product supply, NGL, crude, residual fuel, bunkers, trading, exchanges, scheduling, terminals, logistics, product blending.

- Previous experience supplying marketing.

- Knowledge in refinery operations is a significant plus.

- Strong industry knowledge and relationships with counterparts.

- Back-office experience in credit, risk management and finance. Previous experience in Right Angle/Solarc a significant plus.

- Knowledge of Political legislation NEFI, NORA, RFS2, EPA and State regulations a strong plus.

- Exceptionally strong interpersonal and communication skills

- Outstanding ability to work collaboratively

- Excellent attention to detail

- Excellent time management and multi-tasking skills

- Proficiency with Microsoft Excel a plus

Education Requirement

- Bachelor’s degree in business, Finance or Accounting.

We value passion and potential. If you are enthusiastic about a position and think you can make a meaningful impact, we encourage you to apply even if you don't check every box. We embrace different perspectives, backgrounds and experiences.

Global Partners LP is an equal opportunity employer. We foster a company culture where ideas from all people help us grow, move and thrive. We embrace the diversity of all applicants and do not discriminate against race, color, religion, sex, age, national origin, sexual orientation, gender identity, disability, protected veteran status or any other basis prohibited by federal, state or local law. If you have a disability and need an accommodation to apply, please contact our recruiting department at 781-891-4000.

- Disclaimer: At Global Partners, we don't use lie detector tests for any employment decisions. We follow all the rules and regulations, so we need to let you know: In Massachusetts, it's illegal to require or administer a lie detector test as a condition of employment of continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.