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- Tasks: Join our Risk Team to manage daily P/L reporting and ensure accurate trade capture.
- Company: Be part of a leading Global Trading company with exciting growth opportunities.
- Benefits: Enjoy competitive remuneration and potential for career advancement in a dynamic environment.
- Why this job: This role offers hands-on experience in risk management within the oil trading sector.
- Qualifications: A university degree and strong knowledge of trading instruments and risk measures are essential.
- Other info: Ideal for those who thrive under pressure and have a passion for numbers.
The predicted salary is between 48000 - 72000 £ per year.
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 and 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.
- Generation of VaR report, and risk limit monitoring, with escalation to management and trading in case of limit breaches.
- 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.
Education:
- University degree in technical or business subject.
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.
Risk Controller - Oil Trading employer: JR United Kingdom
Contact Detail:
JR United Kingdom Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Risk Controller - Oil Trading
✨Tip Number 1
Familiarise yourself with the specific ETRM systems mentioned in the job description. Understanding how these systems work will not only help you during the interview but also demonstrate your proactive approach and genuine interest in the role.
✨Tip Number 2
Brush up on your knowledge of risk measures and trading instruments, particularly in the oil sector. Being able to discuss these topics confidently will show that you have the relevant expertise and are ready to contribute from day one.
✨Tip Number 3
Network with professionals in the oil trading industry, especially those who work in risk control. Engaging in conversations can provide valuable insights and may even lead to referrals or recommendations for the position.
✨Tip Number 4
Prepare to discuss your experience with problem resolution and working under pressure. The role requires quick thinking and effective communication, so having examples ready will help you stand out as a candidate who can thrive in a fast-paced environment.
We think you need these skills to ace Risk Controller - Oil Trading
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in risk control, oil trading, and familiarity with ETRM systems. Use specific examples that demonstrate your knowledge of trading instruments and risk measures.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention how your background aligns with the responsibilities listed, such as daily P/L reporting and risk limit monitoring. Be sure to showcase your analytical skills and commercial awareness.
Highlight Relevant Skills: Emphasise your technical skills, particularly your proficiency in MS Excel and any experience with risk reporting tools. Mention your ability to work under pressure and meet deadlines, as these are crucial for the role.
Proofread Your Application: Before submitting, carefully proofread your application materials. Check for any spelling or grammatical errors, and ensure that all information is clear and concise. A polished application reflects your attention to detail.
How to prepare for a job interview at JR United Kingdom
✨Know Your Numbers
As a Risk Controller, you'll be dealing with a lot of data and financial metrics. Brush up on your knowledge of trading instruments and risk measures. Be prepared to discuss how you would handle P/L reporting and risk limit monitoring.
✨Familiarise Yourself with ETRM Systems
Since the role involves working with ETRM systems, make sure you understand how these systems function. Be ready to explain your experience with them and how you've used them in past roles to manage risk effectively.
✨Demonstrate Commercial Awareness
Show that you have a good grasp of the oil trading market and its dynamics. Discuss any relevant experiences or insights you have about the industry, especially regarding physical oil, refined products, and derivatives.
✨Prepare for Problem-Solving Scenarios
Expect to face questions about how you would resolve issues like batch generation errors or limit breaches. Think of examples from your past where you successfully navigated similar challenges and be ready to share those stories.
