Market Risk Analyst
JOB DESCRIPTION
- Ensure the risk policies, trading limits and procedures are followed by the trading personals.
- Support risk systems and infrastructure development efforts.
- Maintain and ensure the accuracy of the data in the risk management systems.
- Responsible for monitoring and reporting trading risks (exposures) against policies, guidelines and trading risk limits.
- Produce and report MTM p/l, position risk and risk metrics such as VaR, EaR, and CFaR of portfolios on a daily basis.
- Calculate report and monitor Greeks.
- Perform back-testing and stress testing to validate trading P/L and positions as per the Trading Policy.
- Monitor and report trading book structure designed to meet the Company’s objectives.
- Review, assess and validate the forward market curve. When required model and construct forward curves for the relevant commodities.
- Monitor and ensure the appropriateness of intra-book trades against the transfer pricing formula and policy.
- Work with finance to reconcile risk numbers with financial reports etc.
- Analyse and report changes in portfolio to Senior Management.
- Prepare monthly analytical reports for Senior Management
- Assess the risks of new business opportunities (new markets, assets, strategies etc.) and their impact on the existing business profile. And develop and communicate independent market fundamental analysis to support the risk assessment.
EXPERIENCE/COMPETENCIES
- Must have in depth knowledge of the Oil Markets and possibly Natural Gas – 5 years plus.
- Must be numerate
- Must be I.T. literate
- CXL experience is preferred but not essential.
KEY SKILLS COMPETENCIES
- Sound general base of business acumen
- Analytical, mathematical essential; numerate and computer literate
- Strong communication and networking ability.
- Open and trustworthy. Very much a team player, willing to share knowledge.
- English essential, other European languages beneficial
- Bachelor of Arts in a relevant subject
***Oil Recruitment has been working with some of the world’s leading banks, trading companies, major oil companies and utilities within the energy trading arena since 1998. We work on roles in trading, broking, risk, credit, quantitative analysis, consultancy, shipping, chartering, operations and contract analysis across the upstream and downstream energy markets in crude, oil products, gas, power and carbon.
To learn more about our business and to see details of our other vacancies visit www.oilrecruitment.co.uk.
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