RISK CONTROLLER - OIL TRADING
Exciting new opportunity to join a top Global Trading company who are looking for a Risk Controller – Oil. The company is expanding and offers good career prospects / remuneration. The role will be based in their London Office. You would be part of a Risk Team reporting to the Head of Risk.
Key responsibilities:
* Responsible for the preparation and production of the daily P/L reporting process for all supply and trading activities:
* Running an unofficial and an official ETRM system batch as basis for risk reporting. Problem resolution in case of batch generation errors.
* Control of all open positions for their completeness and correctness.
* Close liaison with Trading,Short Term Optimization, Operations and Back Office to ensure trades are captured accurately and timely.
* Generation and creation of detailed MtM report, with analysis of major day changes and risk limit monitoring, with escalation to management and trading in case of limit breaches.
* Responsible for the daily maintenance of the ETRM System:
* Control and verification of settlement prices and forward curves.
* Definition of new price curves for P/L and MtM valuations.
Influencing the ETRM agenda to ensure all Risk Control system needs are met.
* Responsible for Value at Risk (VaR) monitoring:
* Generation of VaR report,and risk limit monitoring, with escalation to management and trading in case of limit breaches.
* Responsible for Credit Risk monitoring:
* Generation of credit risk report including MtM exposure and PFE (Potential Future Exposure).
* Control of credit risk positions based on MtM values, with escalation to management and trading in case of limit breaches.
* Support the business:
* Provide ad-hoc expert detailed commercial analysis of positions and P/L if requested by management or trading.
* Assist Accounting and Finance in connection with month-end and year-end closing procedures.
* Ad-hoc participation in projects and incorporation of new trading activities into risk reporting.
* Liaising with external and internal audit on Risk Control matters.
* Support the implementation of process and system improvements to streamline risk control of trading activities.
1. Minimum-Requirements:
Education: University degree
Subject of education: technical or business
Relevant professional experience
Very good knowledge of trading instruments.
* Very good theoretical and practical knowledge and application of risk measures.
* Experience from oil industry, for physical oil, refined products and derivatives.
* Good knowledge of operational side of trading in order to understand different positions.
* Good knowledge and experience with ETRM systems and MS Excel.
* Affinity to numbers.
* Ability to work independently under stress and to meet deadlines. Exhibits commercial awareness
* Global, innovative thinker with the learning agility and curiosity for understanding issues
Attention to detail and analysis skills