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- Tasks: Join our team as a Commercial Risk Analyst, focusing on Oil Products trading and risk management.
- Company: Work with a dynamic trader of Commodity and Energy products in Central London.
- Benefits: Enjoy a full-time role with exposure to various commodities and a collaborative work environment.
- Why this job: Gain valuable insights into commodities trading while supporting a growing business with a strong commercial appetite.
- Qualifications: Degree in Business/Finance/Banking/Mathematics/Statistics/Engineering and relevant experience required.
- Other info: Opportunity to develop junior analysts and engage with multiple departments across the trading floor.
The predicted salary is between 48000 - 84000 £ per year.
Our client is a trader of Commodity and Energy products including Gas, Power, LNG and Oil, based in Central London. They offer a unique chance to work within a growing and diversifying business, with a strong commercial appetite.
We are looking for an experienced Senior Analyst to join our client's Commercial Risk team, with a focus on supporting the Oil Products trading team. However, the role can expand with time to bring exposure to other commodities, such as Crude, Biofuels, Refining, Gas & Power. This Trading Floor based role offers exposure to all parts of the business, from partnering the front office to various parts of the middle and back office e.g. Risk, Finance, Credit, IT and more.
The team provides a key function to the business, supporting the management and monitoring of the company’s Risk exposures and valuations. The role requires a broad knowledge base, from understanding market movements and trading strategies across various commodities to helping to maintain and improve ETRM applications. The role requires deep insight into commodities trading and risk management; physical/paper exposure management, FX exposure, VaR, P&L valuation.
As the Commercial Risk Analyst, you will be:
- Responsible for the daily position and P&L reporting for selected commodity trading teams, providing commentary on key value generators and changes and attributing and communicating P&L in a meaningful way.
- Monitor traders’ exposures and adherence to Delegation of Authorities and risk limits.
- Perform daily hedge process as required.
- Daily interaction with relevant trading desks and other front/middle office departments to support business risk management requirements.
- Provide regular commentary on book performance and strategy, showing clear understanding and control to a variety of audiences.
- Review trading books to ensure they are within trading Delegations of Authority and that hedging is carried out correctly each day, including hedging of trading FX exposure.
- Provide management information and analysis as required and proactively seek to provide business beneficial commercial analysis.
- Responsible for weekly/monthly/quarterly controls and input into financial close processes as required for designated business area.
- Support the wider team by utilising cross cover capabilities for other team members and support overall team flexibility.
EDUCATION, SKILLS & EXPERIENCE REQUIRED:
- Degree level education, preferably in Business/Finance/Banking/Mathematics/Statistics/Engineering or with appropriate working experience.
- Proven experience in a risk or front office role.
- Deep understanding of P&L attribution and valuation.
- Commercially aware with proven ability to provide input to new business initiatives and models.
- Good communication skills, ability to interact with a variety of people.
- Analytical and detailed oriented mindset.
- Experience of managing or supporting significant business growth.
- Able to take, and maintain, an independent approach and challenge where appropriate.
- Experience of leading or developing Junior Analysts.
Seniority level: Mid-Senior level
Employment type: Full-time
Job function: Analyst, Finance, and Accounting/Auditing
Industries: Oil and Gas, Oil, Gas, and Mining, and Financial Services
Commercial Risk Analyst - Commodities employer: RICHARD JAMES RECRUITMENT SPECIALISTS LTD
Contact Detail:
RICHARD JAMES RECRUITMENT SPECIALISTS LTD Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Commercial Risk Analyst - Commodities
✨Tip Number 1
Network with professionals in the commodities trading sector. Attend industry events, webinars, or local meetups to connect with people who work in similar roles. This can help you gain insights into the company culture and potentially get a referral.
✨Tip Number 2
Stay updated on market trends and news related to oil and gas commodities. Being knowledgeable about current events will not only prepare you for interviews but also demonstrate your genuine interest in the field.
✨Tip Number 3
Familiarise yourself with ETRM applications and risk management tools commonly used in the industry. Having hands-on experience or knowledge of these systems can set you apart from other candidates.
✨Tip Number 4
Prepare to discuss your analytical skills and past experiences in risk management during interviews. Be ready to provide specific examples of how you've contributed to P&L attribution and valuation in previous roles.
We think you need these skills to ace Commercial Risk Analyst - Commodities
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in risk analysis, commodities trading, and any specific skills mentioned in the job description. Use keywords from the job posting to ensure your application stands out.
Craft a Compelling Cover Letter: Write a cover letter that not only outlines your qualifications but also demonstrates your understanding of the commodities market and your enthusiasm for the role. Mention how your background aligns with the company's needs.
Showcase Analytical Skills: In your application, provide examples of how you've used analytical skills in previous roles, particularly in relation to P&L attribution, risk management, or financial analysis. This will show your capability to handle the responsibilities of the position.
Highlight Communication Abilities: Since the role requires interaction with various departments, emphasise your communication skills. Include instances where you've successfully collaborated with teams or presented complex information to diverse audiences.
How to prepare for a job interview at RICHARD JAMES RECRUITMENT SPECIALISTS LTD
✨Showcase Your Analytical Skills
As a Commercial Risk Analyst, you'll need to demonstrate your analytical mindset. Be prepared to discuss specific examples of how you've used data analysis to inform trading strategies or risk management decisions in your previous roles.
✨Understand the Commodities Market
Make sure you have a solid grasp of the commodities market, especially oil products. Brush up on recent market movements and be ready to discuss how these could impact trading strategies and risk exposure.
✨Communicate Clearly
Good communication skills are essential for this role. Practice explaining complex concepts in simple terms, as you'll need to provide commentary on P&L and risk exposures to various audiences within the company.
✨Demonstrate Team Collaboration
This role involves daily interaction with different teams. Be ready to share examples of how you've successfully collaborated with front, middle, and back office departments to manage risk and support business objectives.
