Product Controller

Overview

Product Controller – Energy Trading (New York)

Location: New York, USA

Reports to: Head of Product Control, Copenhagen Department: Risk &
Product Control
Job Level: Individual Contributor

At Maersk, we are rethinking how energy is traded, managed, and consumed across our global operations. As part of this transition, Maersk Oil Trading manages an expanding portfolio of marine fuels, distillates, crude, and emerging low-carbon alternatives such as methanol and LNG.

We are looking for a Product Controller to join our team in New York, supporting trading activities in the Americas region. This role sits at the heart of commercial decision-making — providing daily transparency over trading economics, market exposures, and performance drivers.

Based in a satellite office, the role requires a high level of autonomy, close interaction with local traders, and tight coordination with the core Risk teams in Copenhagen.

• Daily P&L and Exposure Control
• Validate and explain daily trading P&L for physical and derivative positions across fuel oil, gasoil, crude, and alternative fuels.
• Perform detailed P&L attribution, separating price, timing, basis, and volume effects.
• Review daily position and exposure reports, ensuring they reconcile with trade data and reflect market reality.
• Communicate key P&L drivers to traders, risk, and management in a clear and timely manner.

• Valuation and Market Assurance
• Apply and validate forward curves, differentials, and spreads (Brent, Gasoil, Fuel Oil, and local benchmarks).
• Ensure accurate mark-to-market valuation of physical and derivative positions using approved pricing sources and methodologies.
• Support development of valuation approaches for emerging fuels (e.g. methanol, UCOME, LNG).
• Contribute to liquidity and fair value assessments as part of daily and monthly reporting.

• Performance Insight and Business Support
• Partner with Front Office to understand trading strategies and evaluate commercial performance.
• Provide analysis of margins, optionality, and exposure impacts to inform trading decisions.
• Support scenario analysis and stress testing for significant price moves or operational changes.
• Engage with Operations and Scheduling to ensure alignment between physical flows and reported exposures.

• Control and Reporting Framework
• Maintain integrity of reported exposures, P&L, and valuations through systematic checks and reconciliations.
• Identify and resolve data issues promptly, coordinating with global Product Control, Risk, and IT teams.
• Support the month-end exposure and P&L consolidation process, ensuring consistency across books and regions.
• Drive continuous improvement in systems and reporting tools, including automation of key control steps.

• Regional and Satellite Office Responsibilities
• Act as the primary Product Control representative in the New York office, supporting traders and risk locally.
• Coordinate with the Copenhagen team to align on valuation, curve application, and exposure methodology.
• The position will also provide secondary support to HQ teams, including Market and Credit Risk, and undertake ad-hoc responsibilities where required.

• Experience and Technical Skills
• 3–7 years of relevant experience in Product Control, Market Risk, or Middle Office within a commodity trading environment.
• Strong understanding of energy trading economics — including physical and derivative flows, crack spreads, and blending/tolling concepts.
• Proficiency in mark-to-market valuation, exposure management, and P&L attribution.
• Advanced Excel and data analysis skills; experience with ETRM systems (e.g. Endur, Allegro, Veson) preferred.
• Good understanding of forward curve structures, pricing mechanics, and discounting approaches.

• Personal Attributes
• Analytical and detail-oriented, with a strong grasp of market and operational drivers of P&L.
• Comfortable working independently in a smaller office environment while collaborating effectively across time zones.
• Clear communicator able to distil complex results into commercial insights.
• Proactive mindset with a focus on accuracy, transparency, and continuous improvement.

You will join a global trading organization…