Trainee Broker (Crude market)

About the Role

The Trainee Broker role involves supporting the broker desk during the daily trading cycle, providing back-up for broker confirmations, and assisting the office manager with daily tasks. Training will be provided.

Key Responsibilities

• Compile analysis of prior day’s trading volumes and enter data into corresponding spreadsheets.
• Domestic Canadian and Rockies internal market recaps.
• Update and maintain Wallboard market information.
• Marketview, Posting Plus.
• Learn and utilize the Bloomberg terminal and Link page.
• Keep public folder Contacts up to date.
• Generate ranking reports and revenue reports weekly.
• Execute relevant reports for both internal use and client submission.
• Link Daily Report: enter trades and generate report.
• Forward Curve: enter values and generate each report daily.
• Canadian Report: enter values and generate report.
• Assist brokers in writing up daily transactions as they occur in real time.
• Pointer:
• Drafting deal sheets.
• Distribute completed deal sheets to brokers.
• Distribute broker-approved deal sheets to Access Confirmer.
• Deal Sheet Revisions.
• Redistribution of recaps between brokers.
• Inputting deals in E-Confirm.
• Compare entries with Access, recaps, and deal sheets.
• Respond to client inquiries.
• Investigate and correct unmatched trades.
• Create E-Confirm Transaction approval report.
• Recorder:
• Log all deals in deal book.
• Deal book revisions.
• Send reportable trades to teams for broker approval.
• Report trades to Argus.
• Check daily transaction reports for accuracy.
• Highlight anomalies and bring to the broker desk's attention.
• Update daily volumes and Link percentage of physical and financial market.
• Develop monthly and annual comparison tables for reference.
• Input and save all Argus data for relevant analyses.
• Develop relevant market analyses as needed.
• Have a working knowledge of Excel for charting/data presentation.
• Clear trades as needed through relevant exchange portals.
• Enter customer transactions into E-Confirm platforms as needed.
• Answer phones throughout the day as needed.
• Maintain up-to-date market information throughout the day.
• Understand parties and current markets.
• Understand and assist the Confirmations position as needed.
• E-Confirm, Trade Recaps, Broker Web.
• Backup for this position in the event of emergency.
• Develop an understanding of the role of a Broker in the domestic crude market.
• Crude Oil pricing and Infrastructure.
• Market movement and trends.
• Clients and company relationships.
• Earn Series 3 License.
• Earn Series 30 License.
• Ensure Brokers' timely administration and completion of broker compliance testing.
• Ensure accurate record keeping and documentation for all Exchange traded products.
• Link Data Services:
• Generate, assist with, and send out Link Crude Daily Report, End of Day, and Canadian Report.
• Updating settlement prices for Forward curve.
• Manage distribution lists for all LDS reports.

Requirements & Tech Stack

• Excel
• Bloomberg terminal
• Marketview
• Posting Plus
• Link page
• Wallboard
• E-Confirm
• Argus
• Access
• Broker Web
• Series 3 License
• Series 30 License

Qualifications

• Working knowledge of Excel for charting/data presentation.