Senior Oil Risk Analyst
Our clients are an Oil Trading house, active in all aspects of sourcing, marketing and trading Crude and Oil Products and related financial derivatives.
Due to continued success from their initial growth, we are actively recruiting a Market Risk Analyst to report into the Market Risk Control Manager.
The position will be based in London, and will have the following split responsibilities:
- 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.
REQUIRED EXPERIENCE/ QUALIFICATIONS:
- Must have in depth knowledge of the Oil Markets and possibly Natural Gas.
- Must be numerate
- Analytical, mathematical essential; numerate and computer literate
- Must be I.T. literate
- CXL experience is preferred but not essential.
- Bachelor of Arts MBA or MSc in a relevant subject
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