Lead Trader – Down Stream Oil & Gas at an Undisclosed Company via Prowess Outsourcing – Lagos

A company active in Nigeria’s downstream oil and gas market is recruiting a Lead Trader – Down Stream Oil & Gas in Lagos. The role will lead day-to-day trading and origination activity across the Nigerian market, with travel to operating states and depots as required.

Key responsibilities

• Originate trading opportunities and develop client, supplier and counterparty relationships across crude oil, refined products and gas in Nigeria.
• Build a portfolio of Nigerian corporate, commercial and industrial clients and suppliers.
• Negotiate and close trades and commercial agreements within approved pricing, credit and risk limits, escalating strategic opportunities to the Head.
• Identify new clients, product lines and depot or logistics arrangements, and present fully scoped opportunities to the trading desk.
• Coordinate the daily work of Senior Traders and Trade Analysts, allocate workload and review trade execution against contracted terms and risk limits.
• Coach junior colleagues on deal structuring, negotiation and risk judgement.
• Identify arbitrage and hedging opportunities and work with the Head on relevant hedging or paper-trading activity.
• Monitor Nigerian market conditions, pricing benchmarks and regulatory developments affecting the trading book.
• Manage counterparty exposure and credit terms within approved limits and report material risks promptly.
• Provide regular reporting on desk performance, pipeline and market developments.
• Maintain trade contracts, lifting schedules, product specifications and compliance records, coordinating with operations, logistics, risk and finance.
• Monitor delivery performance and work to minimise demurrage and logistics delays.

Qualifications and experience

• Bachelor’s degree in Economics, Business or a related field.
• Seven to ten years of oil and gas trading experience in the Nigerian market, including deal origination and business development.
• Professional certifications in oil trading, Incoterms, shipping or petroleum shipping and freight markets are an advantage.
• An established network of Nigerian trading counterparties, suppliers and clients.
• Working knowledge of Nigerian downstream regulation, including NMDPRA and NUPRC requirements, and of hedging and arbitrage fundamentals.
• Strong negotiation, commercial judgement, team-coaching and documentation skills.