Oil Risk Analyst

Group 29

Salary

COMPETITIVE

Stroke 1

Role Type

Permanent

Group 7

Location

London, UK

Our client is a leading Energy Trading company who trade crude oils and refined products in the UK and Europe as well as a range of paper derivative products such as swaps, futures and options.

The Risk Analyst will be expected to work closely with the trading teams and other Risk Analysts on the desk to develop an understanding of the portfolios managed by the traders, and to ensure that exposure and daily mark-to-market reporting are accurate, timely and informative. This key role is aimed at supporting the control activities on each desk including calculating an independent view of exposure and supporting daily profit and loss generation when required, and will provide the Risk Analyst with a detailed understanding of the businesses undertaken by the business. The role should also provide an opportunity to learn and develop skills in the identification, assessment and implementation of risk management techniques and strategies. It will also include assisting with finessing processes associated with SAP, the Risk system of record, to ensure smooth and efficient daily processing.

RESPONSIBILITIES:

  • Understanding the deal life cycle and keeping track of deals through systems to ensure the accuracy of exposure, VaR and P&L reporting.
  • Building strong relationships with the trading and operations teams and developing the role into a recognised advisory resource for the business.
  • Enhancing risk monitoring and evaluation tools for the physical business.
  • Leverage knowledge gained to deliver value-add analyses to the business.
  • Ensure timely and accurate reporting of exposure from first principles data and profit and loss from systems of record.
  • Ensure accurate base data in system of record including prices and volumes of trade.
  • Liaise closely with traders, operators, finance and other Risk Analysts to ensure smooth transitions between back/middle and front offices.
  • Seek to automate manual tasks and seek process improvements to allow earlier production of daily information and improved reconciliations to earnings.

CANDIDATE PROFILE:

  • 1 to 3 years relevant work experience – risk experience gained from a Energy/Commodity Trading, banking or financial environment.
  • Degree or equivalent qualification
  • Knowledge and experience of commodity trading including swaps and other derivative products would be an advantage.
  • 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 of SAP would be advantageous

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