Job Title:
Senior Risk Officer
Contract Type:
Permanent
Time Type:
Full time
Job Description:
The Gasoline Senior Risk Officer is a member of the Risk team based in Singapore, reporting to the Risk Manager, and is responsible for leading and delivering P&L and position analysis to Management and the Front Office. The role works in close collaboration with traders, operations, trade support, accounting and back office, and is a key control function ensuring quality reporting of trading performance and risk analysis for the region.
Main Responsibilities
- Manage daily production and reporting of P&L, positions and exposures from the trading system(s); validate positions and P&L in an expedient manner and ensure accurate P&L attribution into risk buckets and P&L drivers
- Manage daily checks and ensure the integrity and completeness of trades booked in the trading system(s)
- Daily pricing exposure reconciliation with trading and operations
- Build and monitor in-house forward curves and check the accuracy and consistency of forward curves against market values; understand how the forward curves are constructed and assess whether the curve methodologies applied are robust
- Check and monitor the marked to market (“MTM”) of physical deals entered in the ETRM/trading systems
- Analyse mark-to-market valuations, risk positions, basis changes, curves and volatilities and P&L results daily
- Check and reconcile futures trades between the trading systems/ETRM and clearing agents and exchanges
- Monitor consumption of VAR against desk limits and escalate breaches to risk management; demonstrate a good understanding of the drivers of VAR applicable to the desk
- Responsible for reviewing and resolving breaks from month end and year end reconciliations on a timely basis, and contribute to the reporting of trading results and positions to senior management
- Develop and maintain risk reporting and analytics to communicate positions, P&L and market risk to traders and management, and follow the risk strategies of the trading desks independently
- Review and maintain information reliability in the trading systems, including costs, and assess the reasonableness of costs entered by operations
- Provide critical thinking around risk reporting processes, quantification and analysis of more complex commodity exposures of trading activities
- Identify and assist in the implementation of process improvements, from system testing and implementation through to desk level processes
- Identify and communicate operational risk, and define risk mitigating measures and priorities
- Coordinate with Compliance to ensure compliance requirements are met
- Prepare various reports and analysis for publishing internally and to the Management Board, as the case may be
- Liaise closely with Front Office, Operations, Trade Support, Controlling, Credit Risk, Market Risk and IT
- Training and mentoring of Junior Risk Officers
- Identify control gaps, unusual trading activity and red flags and escalate to management with proposed solutions on a timely basis
- Back up and support other desks’ Risk Officers when required
- Ad-hoc duties as assigned by manager
Profile
The individual should have the following:
- Bachelor’s degree with a major in Finance, Economics, Business Administration, Accountancy, Mathematics, Statistics, Computing or equivalent
- Minimum 5 years (and typically more than 6 years) of relevant experience in a similar role in the commodity trading business, preferably within a major trading house, an oil major, investment bank or hedge fund
- Strong understanding of the mechanics of derivatives (futures, swaps and options) and physical trading, including the ability to calculate positions and P&L, marked to market and hedging concepts, and the various types of trading strategies and Incoterms, specific to Gasoline desk
- Demonstrated excellent knowledge of commodities and financial instruments, with excellent knowledge of and a strong interest in trading activities;
- Proficient with ETRM systems and proficiency in Microsoft Excel is a must; VBA, Power BI, Python or SQL skills are a strong advantage
- Good knowledge of analytics tools and technologies
- Fluent in spoken and written English; ability to speak Chinese will be a plus
- Experience in Gasoline desk risk is preferred but strong candidate with experience with other desks will also be considered.
Other Attributes/Pre-requisites
- Curious, proactive, rigorous, meticulous, numerate and self-motivated
- Able to work independently and yet a team player, with strong team spirit
- Strong control awareness and mindset
- Strong interpersonal skills and strong verbal and written communication skills
- Organised and able to work in a fast paced and time sensitive environment
- High degree of accuracy and efficiency under set deadlines
- Ability to work under pressure in a dynamic environment
- Ability to work late hours and some SG public holidays when necessary
If you think the open position you see is right for you, we encourage you to apply!
Our people make all the difference in our success.
