We are representing a British oil trading firm trading across crude, products, biofuels and carbon, with over 400+ employees globally and 8 in the market risk function.
Risk Metrics Oversight:
- Supervise the daily production of key risk metrics and provide timely risk insights to traders and senior management regarding the trading portfolio.
Market Knowledge and Analysis:
- Maintain a comprehensive understanding of trading portfolios and stay informed about developments in commodity markets and other relevant areas.
Quantitative Deal Analysis:
- Conduct quantitative analysis on new deals, identifying embedded risks through simulation-based modeling, scenario analysis, and other methods.
Risk Committee Leadership:
- Chair the risk committee, ensuring senior management is informed about all risk developments.
- Lead and develop the team, enhancing the capabilities of junior staff members.
Business Framework Formulation:
- Collaborate with relevant business teams to formulate new business and product frameworks, integrating changes into current policies, processes, and systems.
Analytical Reviews and Process Improvements:
- Contribute to analytical reviews and implement improvements to market risk processes, models, and methodologies.
Reconciliation and Collaboration:
- Actively collaborate with other finance teams to provide a robust reconciliation of risk systems to accounts.
Risk Presence and Stakeholder Engagement:
- Create a strong risk presence, fostering risk discussions on the trading floor.
- Build strong relationships in London, Houston, Singapore, and with the refinery.
- Play a key role in compliance-led issues such as sanctions, MIFID, and EMIR reporting.
Best Practice Implementation:
- Lead the implementation of best practices and drive change in a fast-moving environment.
Hedging Strategy Development:
- Help develop hedging strategies and enable management to make risk-based decisions related to hedging.
Risk Policy Maintenance:
- Maintain and update the Risk Policy to ensure alignment with evolving business needs and regulatory requirements.