Ammonia Trader

About US (GEMS):

ENGIE Global Energy Management & Sales (GEMS) provides energy supply solutions and risk management services to support its clients through their decarbonization journey, while optimizing ENGIE’s assets and contributing to value creation.

ENGIE is a global reference in low-carbon energy and services with a leading energy management business, piloted by its entity "Global Energy Management & Sales" who built its savoir-faire managing the Group’s large and diverse asset portfolio over 20+ years.

3,600 employees around the world develop our solutions, through +20 international business platforms. We cover the full energy mix: renewable and thermal power, natural gas & LNG, biomass, environmental products. Our experts provide tailor made solutions based on a wide range of savoir-faire in energy management with a strong focus on decarbonation and decentralization.

Our 190,000 clients span the entire value chain: producers, asset developers, financial players, utilities, distributors and industrials. Our global reach and strong local presence enable us to offer these diverse clients tailor-made services and respond to rapid changes in mature or emerging markets alike.

Our 4 expertises:

• Asset management

• Energy transition services

• Energy supply & global commodities

• Risk management & market access

At GEMS we encourage breakthrough results, team spirit, curiosity and innovation while preserving the right work/life balance for you.

More info on GEMS Hub (https://gems.engie.com) or LinkedIn (https://www.linkedin.com/company/engie-global-energy-management-solutions).

Context:

The Ammonia Trader position will be based in Singapore and will have responsibility for the global trade of ammonia. The primary focus of the role will be to lead, manage, and develop a physical ammonia trading book in the short term, while also working to build a long-term platform for the development of low-carbon fuels.

Key Responsibilities

Market Analysis:

• Monitor the global ammonia markets to identify short term and long term trading opportunities
• Analyse market trends, S-D balances, trade flows and pricing to inform trading strategies
• Conduct market research and gather intelligence to stay updated on industry developments
• Support and provide market inputs to the development of long term deal structures

Trading Operations:

• Negotiate contracts, terms and conditions with counterparties
• Execute trade orders for ammonia, ensure optimal timing and pricing
• Monitor and manage trading positions and exposures, ensuring compliance with policies and risk limits
• Monitor credit limits, manage working capital deployment to optimise capital deployed
• Manage the carbon certification system / process necessary for low carbon ammonia
• Ensure all trading activities are conducted in compliance with the regulations and internal policies applicable, including tax, trade compliance and health and safety
• Develop and submit the annual business plan as per internal planning cycle timelines

Relationship management:

• Build and maintain strong relationships with suppliers, customers and other market participants
• Collaborate with internal teams such as logistics, finance and compliance to ensure smooth trading operations

Logistics and supply chain

• Coordinate with the operations and freight teams, logistics and transportation of ammonia in timely and cost effective manner
• Manage inventory levels to meet market demands and contractual obligations
• Ensure all vessels and terminals are vetted as per the company standards prior to use

Risk management:

• Monitor changes in market conditions, volatility to adapt trading strategies to remain within risk limits
• Develop hedging strategies and deploy as needed to optimise portfolio risk / return
• Coordinate with the operations teams to ensure all periodic audits for safety and handling procedures are completed in due time

Reporting and Documentation:

• Ensure all data related to trades are captured in the relevant system and are reflected accurately
• Provide necessary inputs for regular reports on trading performance, market outlook and P & L
• Provide insights and recommendation to senior managers on trading results and market outlooks

Dimensions of the Role

Competencies

Customer focused

Building strong customer relationships and delivering customer-centric solutions.

Balances stakeholders

Anticipating and balancing the needs of multiple stakeholders.

Drives results

Consistently achieving results, even under tough circumstances.

Collaborates

Building partnerships and working collaboratively with others to meet shared objectives.

Drives engagement

Creating a climate where people are motivated to do their best to help the organisation achieve its objectives.

Drives vision and purpose

Painting a compelling picture of the vision and strategy that motivates others to action.

Instills trust

Gaining the confidence and trust of others through honesty, integrity and authenticity.

Level of Education

 Bachelors degree in economics , Finance or related fields

Knowledge, Skills & Experience

• Analytical thinker, ability to deal with complex market arrangements and to understand and specify models and analysis required to support commercial decisions and understand market conditions
• Strong decision-making skills – ability to make sound and timely business decisions even when working to very tight deadlines, including taking responsibility for decisions
• Ability to work under pressure and manage conflicting priorities

• Ability to communicate clearly and effectively (verbal and written) and represent the company to external stakeholders
• High level of confidence and self-motivation
• Ability to manage change and adapt to situations and audiences
• Strong organisational skills – ability to identify and focus on key issues and be flexible enough to change priorities at short notice
• Intermediate-Advanced IT competency – Microsoft Office, oil/gas and power market interfaces and ETRM systems

SPECIFIC BUSINESS UNDERSTANDING

• Around 8 to 10 years with 3-5yrs of experience in commodities trading in ammonia, chemicals / fertiliser sector preferably. LPG , LNG experience can be considered if regional expertise are relevant
• Strong track record and stake holder network in the relevant trading regions
• Strong market knowledge, supply – demand balances, trade flows and macro fundamentals of the ammonia  industry
• Strong analytical skills and ability to interpret / analyse market data and trend to draw insights
• Excellent knowledge on commodity contract structures and how to negotiate and operate them
• Working knowledge of shipping and logistics management
• Knowledge on emerging carbon standards and certification requirements for low carbon products preferred
• Knowledge of health and safety requirements for Ammonia trading
• Understanding of risk management principles, regulatory and trade compliance requirements