Job Description

Every year, Circle K is selling 60 billion liters of fuel across our vast network in Europe, supplying our customers with a big variety of fuel qualities through our network.

Circle K is currently establishing a commercial energy trading capacity to further commercialize and develop our fuel activities in our markets. This requires a change in the way we operate, how we set up our support functions across our European hubs, adapt our IT systems and more. A vital part of the initiative is to establish a designated commercial capacity headquartered in Geneva under a new company – Circle K Energy Trading (CKET). This capacity will manage the commercial decision making and trading activities across Europe

We are already well underway to launch and are looking for fuel professionals who are willing to try something new, take an entrepreneurial step, still being supported by a strong fundament of fuel retail legacy in our markets. We hope that you can be the one we are looking for:

Portfolio Analyst

Job Description:

The position is responsible for the management and control of portfolio and risk management for CKET. Develop hedging strategies and manage price risk exposure in line with the relevant ACT mandates, and as approved by the CKET Directors.

This position would serve as the ‘go to’ Super User of the ETRM (Energy trading and risk management) system when assistance is required by the BU’s regarding internal price deviation swaps, pricing analytics, and reporting and analytics of all fuel swaps done with external banks. Symphony coordination with the deal handling and supply operations teams regarding specific portfolios.

Key Responsibilities:

• 
  Portfolio Planning and Management
  
  Using the monthly nominations received from the business streams and relevant shipping plans developed by the supply operations team, develop a hedging strategy that most effectively meets the daily and month end position and delivers a plan that is within mandate.

• 
  Portfolio Analysis
  Analyze portfolio of supply contracts and terminals in order to identify and develop commercial and arbitrage opportunities optimizing the fuel flow in Europe. This work is done along with the Risk, Supply Operations and Traders.

• 
  Energy Trading and Risk Management System (ETRM) (Symphony Amphora)
  Super user of the ETRM system assisting in the daily management of any issues arising around the ETRM system with the daily entries and transactions, working with the Risk, Deal Handling, Supply Ops, and Wet Stock Management teams.
  Responsible for deferred pricing concepts for all the countries. (Internal Swaps).

• 
  Market intelligence and insights reporting
  
  The candidate needs to be tracking the markets daily, and be very close to the current and future developments in both Bio and Fossil products.

• 
  Risk Reporting
  
  This role will include some key reporting for the business
  Daily / weekly Exposure Reporting
  Daily Trade Entry verification
  Daily Trade Entry Error Log Process
  Weekly operational risk meetings with BU’s
  Monthly Global Fuels dashboard reporting.

Individual requirements:

• Experience of commodity trading activities (including logistics) as well as front, middle and back-office processes and tasks

• Experience of operating an ETRM system

• Strong quantitative and analytical skills

• Strong attention to detail and organizational skills with the ability to prioritize and complete multiple tasks

• Team player with time spent working in a multi-discipline team

• Demonstrate high integrity and the ability to constructively challenge business users’ requirements and challenges to achieve the best outcomes for CKET.

Shape the future with us!
Please send your application including cover letter and CV before December 23rd, 2022.

If you have any questions about the position, please do not hesitate to contact:

Ruta Ciutiene, Senior European Portfolio and Risk Manager [email protected]