Market Risk Specialist – Oil, Power & Carbon Emissions recruitment
Key accountabilities
The successful candidate will be a member of the Market Risk team in the Eastern Hemisphere (EH). The position is based in Singapore and will be responsible for the market risk advisory and control of the energy trading activities carried out of the Eastern Hemisphere region. The candidate will not only be required to work closely with trading managers, traders, marketers and risk professionals within EH and other regions, but with members from the support functions (i.e. Product Control, IT and Finance etc) as well.
The successful candidate would assist the Head of Market Risk, Eastern Hemisphere, on the following:
- Analyse, monitor and manage the market risks of oil, power carbon emission trading books.
- Perform risk analysis into new and existing trading activities. This would include Value-at-Risk computations, sensitivity and scenario analysis, stress-testing and back-testing etc.
- Review and recommend appropriate risk parameters to manage and control the level of risk-taking for the respective trading books.
- Investigate and follow-up on any breaches of risk limits until the breaches are rectified/resolved.
- Provide recommendations on risk mitigation strategies when necessary.
- Conduct regular review of the trading books to ensure that the market risks are appropriately quantified and
- controlled in the trading books and make recommendations on possible methodology changes and risk controls.
- Provide regular risk reports to senior management for review and to support decision making.
- Evaluate and conduct a risk assessment of new investment and business initiatives proposed by the front office.
- Provide an independent opinion on the risk and reward of new activities,
- Provide risk analytics support to the front office on prospective trading strategies.
- Act as a specialist resource for the pricing and risk models for new business activities and derivative products.
- Conduct training on market risk and other relevant topics to external clients as well as staff from different functions within the company
- Participate in global projects and other business initiatives.
- Champion users’ requirements for new systems and system enhancements and/or support the implementation of market risk and other relevant IT systems.
- Provide secretarial support to the regular Regional Risk Committee and Strategy meetings
Essential Education
Master degree in a quantitative field within the area of Finance. Equivalent qualification in statistics/mathematics/engineering/physics would also be considered
Essential experience and job requirements
Market Risk domain knowledge (essential). Candidate should have a minimum 5 years of relevant experience in Market Risk, with prior exposure to market risk system projects and implementation. Having professional certification such as PRM or FRM would be an added advantage.
• Prior trading experience will be considered favourably.
• Demonstrated strong computational ability
• Good interpersonal skills with strong influencing skills.
• Good team player
• Have initiative and a strong sense of responsibility
• Ability to multitask, prioritize and escalate issues appropriately and on a timely basis
Desirable criteria qualifications
Experience in commodities risk management and/or familiarity with energy markets would be an added advantage