Risk Controller - Oil Trading

RISK CONTROLLER – OIL TRADING

Exciting new opportunity to join a top Global Trading company who are looking for a Risk Controller – Oil . The company is expanding and offers good career prospects / remuneration. The role will be based in their London Office. You would be part of a Risk Team reporting to the Head of Risk.

Key responsibilities:

• Responsible for the preparation and production of the daily P/L reporting process for all supply and trading activities:
• Running an unofficial and an official ETRM system batch as basis for risk reporting. Problem resolution in case of batch generation errors.
• Control of all open positions for their completeness and correctness.
• Close liaison with Trading,Short Term Optimization, Operations and Back Office to ensure trades are captured accurately and timely.
• Generation and creation of detailed MtM report, with analysis of major day changes and risk limit monitoring, with escalation to management and trading in case of limit breaches.

• Responsible for the daily maintenance of the ETRM System:
• Control and verification of settlement prices and forward curves.
• Definition of new price curves for P/L and MtM valuations.

Influencing the ETRM agenda to ensure all Risk Control system needs are met.

• Responsible for Value at Risk (VaR) monitoring:
• Generation of VaR report,and risk limit monitoring, with escalation to management and trading in case of limit breaches.

• Responsible for Credit Risk monitoring:
• Generation of credit risk report including MtM exposure and PFE (Potential Future Exposure).
• Control of credit risk positions based on MtM values, with escalation to management and trading in case of limit breaches.

• Support the business:
• Provide ad-hoc expert detailed commercial analysis of positions and P/L if requested by management or trading.
• Assist Accounting and Finance in connection with month-end and year-end closing procedures.
• Ad-hoc participation in projects and incorporation of new trading activities into risk reporting.
• Liaising with external and internal audit on Risk Control matters.
• Support the implementation of process and system improvements to streamline risk control of trading activities.

Minimum-Requirements:

Education: University degree

Subject of education: technical or business

Relevant professional experience

Very good knowledge of trading instruments.

• Very good theoretical and practical knowledge and application of risk measures.
• Experience from oil industry, for physical oil, refined products and derivatives.
• Good knowledge of operational side of trading in order to understand different positions.
• Good knowledge and experience with ETRM systems and MS Excel.
• Affinity to numbers.
• Ability to work independently under stress and to meet deadlines. Exhibits commercial awareness
• Global, innovative thinker with the learning agility and curiosity for understanding issues

Attention to detail and analysis skills