Risk control analyst- needed for global oil majors Singapore office
Risk control analyst needed for global oil major trading firms Singapore based trading team. (Desk based role)
The group is actively involved in the trading crude oils and refined products as well as a range of paper derivative products such as swaps, futures and options. Reporting to the Commercial Services Director, the incumbent will assist in the daily reporting of profit and loss, coordinate the daily hedging activity required for the physical cargo programmes and evaluate and analyse the risk residing within the physical portfolio.
The risk control analyst will be expected to work closely with the trading teams to develop an understanding of their portfolios, plans and strategies in order to provide analytical support aimed at enhancing the effectiveness of trading activity.
This role will challenge the risk control analyst in the following ways;
•Evaluate portfolios for understanding of profit and loss drivers.
•Ensure that business unit activities are accurately recorded in the appropriate system of record and accurately consolidated into local and global reports.
•Build strong relationships with the trading and operational staff and develop the role into a recognised advisory resource for the business.
•Develop a strong understanding of the various information systems the businesses use including participating in the development and implementation of new systems.
•Enhance risk monitoring-evaluation tools for the physical business.
The risk control analyst will have the following primary responsibilities - functions;
•Ensure timely and accurate reporting of exposure and total daily profit and loss from the relevant system of record.
•Produce routine reports, ad-hoc reports and advise management on risk profiles-risk related matters.
•Liaise closely with traders, treasury and finance to ensure smooth transitions between back-middle and front office.
•Ensure accurate base data in system of records including prices, curves and prod-locs configurations to allow accurate generation of total daily PL.
•Seek to automate manual tasks and seek process improvements to allow earlier production of daily information and improved reconciliations to earnings.
•Support the Compliance Analyst in routine transaction-business monitoring activity.
The successful candidate will have the following skill set and background;
•Excellent spreadsheet capability in MS Excel
•Strong mathematical skills particularly in terms of analysis of complex data to be able to draw clear and accurate solutions.
•Team-working: ability to work in a dynamic small team and be able to provide cover for the other team members.
•Knowledge and experience of commodity trading including swaps, options and other derivative products would be an advantage.
•Knowledge of Solarc Right-Angle would be advantageous, although on the job training will be provided.
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