Physical Oil Trader - Vice President
Company: JPMorganChase
Location: Houston
Posted on: April 3, 2026
|
|
|
Job Description:
Description The commodities team collaborates and partner across
Origination, Risk, Logistics, Legal, and Middle/Back Office to
drive commercial outcomes and control performance. Job Summary As a
Vice President in the Commodities Oil Trading team, you will own
market exposure, pricing, and the economic performance of
structured and physical positions. You will ensure all trades are
optimized, appropriately hedged, and compliant with risk limits.
Job Responsibilities Support origination by developing full
transaction economics, pricing, and hedge structures. Define
market-risk management strategies across futures, swaps, and
differential hedging. Contribute to commercial term drafting that
affects pricing, title transfer, incoterms, and exposure mechanics.
Set and validate product pricing differentials relative to the
index used for hedging. Execute and manage hedges; monitor and
optimize daily position exposure. Track P&L drivers, valuation
changes, and risk metrics; escalate exceptions per policy. Review
and update product differentials as market conditions evolve.
Coordinate closely with Logistics on delivery windows, quality
specs, and timing. Communicate market insights, performance
drivers, and risk positioning to stakeholders. Required
Qualifications, Capabilities and Skills: Proven experience in
physical oil trading (crude and/or refined products) with direct
responsibility for P&L and risk. Expertise in derivatives
hedging (futures, swaps) and differential structures. Strong
command of pricing mechanics, location/quality differentials, and
exposure measurement. Demonstrated ability to interpret and
negotiate commercial terms that affect risk and economics.
Proficiency with trading and risk systems; advanced Excel; comfort
with data analysis. Excellent communication and cross-functional
collaboration skills. Operate within limit frameworks and adhere to
all policies, procedures, and regulatory requirements. Ensure
accurate, timely trade capture, confirmations, and reconciliation.
Uphold highest standards of conduct, compliance, and control rigor.
Preferred Qualifications, Capabilities, and Skills: Experience
coordinating terminal/transport logistics and scheduling.
Familiarity with regional benchmarks and price reporting agencies.
Programming or analytics skills (e.g., Python) a plus. Relevant
degree in Finance, Economics, Engineering, or related field.
Keywords: JPMorganChase, Conroe , Physical Oil Trader - Vice President, Energy / Utilities , Houston, Texas
