Trading Business Analyst

Trading Business Analyst

CITGO Petroleum Corporation is a recognized leader in the refining industry and operates under the well-known CITGO brand. CITGO owns and operates three refineries located in Lake Charles, LA; Lemont, IL; and Corpus Christi, TX, and wholly and / or jointly owns 38 active terminals, six pipelines, and three lubricants blending and packaging plants. With approximately 3,300 employees and a combined crude capacity of approximately 807,000 barrels-per-day (bpd), positions CITGO as one of the best-branded supplier companies in the industry.

At CITGO our people are our most important resource. Our core values are Safety, Integrity, Respect, Accountability, and Care.

Job Summary

This position is for a high-energy professional who is results-focused with sound business acumen and problem-solving skills to join our dynamic organization as a Trading Business Analyst. Ideal candidates should be natural team players, eager to learn and grow, and have an eye for innovation and continuous improvement. The Trading Business Analyst will be responsible for analyzing market and supply situations, developing and evaluating points of view and strategies to increase the trading margin of crude oils and / or feedstocks, physical and / or paper. The incumbent should understand the crude market fundamentals, with experience in price monitoring and forecasting and risk monitoring methodologies, ability to grasp concepts quickly, generate value through fundamental forecasts, have an eye for detail, solid communication skills to coherently express ideas, and strong leadership to positively influence others in the team. In addition, the candidate should have a deep understanding of the following : (1) crude market dynamics and benchmarks, (2) trading PnL, (3) brief understanding of refinery economics, and (4) brief understanding of freight markets and logistics costs.

This position will support the monitoring of Key Performance Indicators and PnL to produce profitability and predictive analyses, and present scenarios to capture opportunities from the market, optimize profits, gain internal efficiencies, clear gaps and mitigate risks, and ensure alignment with CITGO business strategies.

Conducts competitive product and pricing research and analysis based on clear direction from leaders. Monitors short to medium market trends and captures research using previously developed models. Adjusts models as necessary to provide real-time actional forecasts and insights to impact trading strategy. Applies knowledge of statistical methods and data analysis from previous experience and / or education.

Minimum Qualifications

• Degree in Finance, Financial Engineering, Economics, or Engineering with a Master of Business Administration preferred.
• Knowledge of physical and futures oil markets.
• Knowledge of oil refining is a plus.
• High level of intellectual curiosity.
• Self-motivated, results driven, and having the ability to work effectively under pressure.
• Strong analytical and problem-solving skills, seeks big picture answers beyond immediate scope. Data analysis software experience.
• Demonstrated ability to work in an extremely complex, dynamic, and fast-paced team environment.
• Strong leadership and communication skills (written and verbal).
• Relevant knowledge / experience with information tools.
• Ability to work effectively in a team environment.
• The minimum years of job-related experience is : A Bachelor's Degree and 2 years of experience.
• Master's degree (MBA) preferred.

Job Duties

1. Support the development of Key Performance Indicators and Performance Metrics as well as inventory models, through quantitative and predictive analytics.

2. Monitor comprehensive position report for the crude and / or feedstock purchase and sale activities of CITGO to include term and spot transactions executed to supply the three refineries, and to fulfill unexpected events that interrupt the regularly scheduled hydrocarbon supply. Duties require close interaction with Crude & Feedstock Traders, Crude Supply Management including the General Manager of Crude Supply and Vice President of Supply and Marketing, third party consultants, Risk Management analysts, Supply Chain Coordinators ("refinery pilots"), Business Optimization Group (BOG) staff of all refineries, Marine and Logistics staff, Crude Accounting staff, Budget and MTP staff, Mid Office staff, and other internal and external groups as needed.

3. Work actual model structure, testing process and implementation of the information model, and determines the best model delivery (BI Portal or MS Excel, etc.). Also creates the documentation for implementation of the models and the procedure.

4. Develop methodologies to produce forward curves of hydrocarbons, establish MTM, daily P&L and YTD P&L of all physical positions, contracts, suppliers and traders, control functions on physical hydrocarbon transactions as well as estimation of the amount at risk with a given probability.

Job Duties II

5. Review and validate commercial business cases for the Corporate Procurement Committee (CPC) / Operations Committee and provide recommendations on the course of action on approvals / rejections.

6. Coordinate input from the Organization to develop weekly, monthly, quarterly and annual reports for presentation to Management including the Short-Term Optimization meeting, Monthly Supply Optimization Meeting, Supply and Marketing Review, Monthly Accountability Meeting, Budget and Medium-Term Plan.

7. Perform financial and operation assessments to support the different groups within the department, as well as feasibility analysis to support business development initiatives in the department, such as proposed term deals, and Pipeline Open Seasons.

8. Ensure that information produced and delivered by the department follows the set of policies, procedures and governance established by the Department and Corporation.

Job duties displayed above are not all-inclusive, site-specific responsibilities may be assigned.