About this role
Senior Oil Trader - Downstream
Pishon & Brooks Advisory Services Limited (PBAS) is a professional services firm that supports her clients by managing their end-to-end HR Processes in order to enhance their productivity and growth aspirations.
Senior Oil Trader - Downstream Job Type Full Time Qualification BA/BSc/HND , MBA/MSc/MA , Professional Certificate Experience 7 - 10 years Location Lagos Job Field Finance / Accounting / Audit
JOB PURPOSE The Senior Oil Trader will lead the origination, structuring, and execution of high-value trading transactions for refined petroleum products across the Nigerian and West African downstream market. The role is accountable for delivering targeted trading P&L, securing resilient supply, optimizing margins, and managing price, credit, and logistics risk. This is a commercial leadership role requiring deep market intelligence, strong counterparty networks, and the ability to trade profitably across PMS, AGO, DPK, ATK, LPG, and other downstream products in a volatile regulatory and FX environment.
DUTIES & RESPONSIBILITIES
Trading, Origination & P&L Delivery: Originate and execute profitable physical and spot trades for PMS, AGO, DPK, ATK, LPG, and other downstream products. Own and manage a trading book to deliver budgeted gross margin and volume targets, while optimizing inventory, working capital, and demurrage. Identify arbitrage, import/export, and regional cross-border opportunities using market, FX, and regulatory insights.
Supply Sourcing & Sales Execution: Negotiate and secure terms and spot supply with refiners, NNPC Ltd, international trading houses, depots, and accredited suppliers. Develop and retain a high-quality portfolio of buyers, off-takers, marketers, industrial customers, and commercial partners to ensure consistent offtake. Structure competitive pricing, payment, and delivery terms aligned to company margin objectives and market realities.
Logistics, Operations & Transaction Management Coordinate end-to-end transaction execution with Operations, Logistics, Finance, Risk, and Legal: from cargo/vessel/truck scheduling to documentation, lifting, storage, and settlement. Oversee product specifications, stock reconciliation, cargo documentation, and delivery follow-up to ensure zero-loss transactions.
Risk, Compliance & Governance: Monitor and manage commodity price risk, FX exposure, counterparty credit risk, and logistics risk within approved trading mandates. Ensure 100% compliance with NMDRA, NUPRC, CBN, EFCC, KYC/AML, INCOTERMS, and Stockgap’s internal trading, credit, and control policies.
Market Intelligence & Commercial Strategy: Provide daily/weekly market analysis on local and international product prices, benchmarks, supply-demand trends, FX movements, and regulatory shifts. Contribute to trading strategy development to improve profitability, market share, supply reliability, and customer retention. Prepare and present accurate trading reports on volumes, margins, open positions, and transaction performance to Senior Management.
KEY PERFORMANCE INDICATORS P&L & Margin: Gross trading margin and profitability per transaction vs. target. Volume: Trading volume and offtake achieved against annual/quarterly targets. Network Quality: Number and quality of active suppliers, buyers, and off takers developed. Risk & Compliance: Zero breaches of credit limits, trading mandates, or regulatory requirements. Operational Efficiency: Demurrage cost, stock reconciliation accuracy, and transaction closure timelines.
Qualifications & Experience