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- Tasks: Join our Commercial Risk team to analyze oil products and manage risk exposures.
- Company: We are a leading firm in the commodities trading sector, focused on risk management.
- Benefits: Gain exposure to various departments and enhance your skills in a dynamic environment.
- Why this job: This role offers hands-on experience in trading strategies and risk management across multiple commodities.
- Qualifications: Experience in oil products and understanding of P&L attribution is essential.
- Other info: Must have permission to work in the UK by employment start date.
The predicted salary is between 36000 - 60000 £ per year.
We are hiring for an Analyst within our Commercial Risk team, with a focus on oil products. This role offer exposure to all parts of the business. From partnering with 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 management and monitoring of the company’s risk exposures and valuations. This requires a broad experienced 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, including physical/paper exposure management, FX exposure, VaR and P&L valuation.
The role can expand with time to bring exposure to other commodities, such as Crude, Biofuels, Refining, Gas & Power.
Responsibilities
- 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
Person Requirements
- Proven experience in oil products in a risk or front office role
- Understanding of P&L attribution and valuation
- Understand standard risk measurement tools e.g. VAR
- Commercially aware with proven ability to provide input to new business initiatives and models
Other Requirements
- Good communication skills and ability to interact with people at varying levels
- Analytical and detailed oriented mindset
- Able to take, and maintain an independent approach and challenge where appropriate
- Team player
The successful candidate must have permission to work in the UK by the start of their employment.
Commercial Risk Analyst employer: Petroineos Trading Limited
Contact Detail:
Petroineos Trading Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Commercial Risk Analyst
✨Tip Number 1
Familiarize yourself with the latest trends and movements in the oil market. Understanding how these factors influence trading strategies will give you an edge during discussions with our team.
✨Tip Number 2
Brush up on your knowledge of risk management tools, especially VaR and P&L valuation. Being able to discuss these concepts confidently will demonstrate your expertise and readiness for the role.
✨Tip Number 3
Network with professionals in the commodities trading space. Engaging with industry experts can provide insights into best practices and may even lead to valuable connections within our company.
✨Tip Number 4
Prepare to showcase your analytical skills by reviewing case studies or scenarios related to oil products and risk management. This will help you articulate your thought process and problem-solving abilities during interviews.
We think you need these skills to ace Commercial Risk Analyst
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Commercial Risk Analyst position. Familiarize yourself with key concepts such as P&L attribution, VAR, and risk management in commodities trading.
Tailor Your CV: Customize your CV to highlight relevant experience in oil products and risk management. Emphasize any previous roles that involved P&L reporting, exposure management, or interaction with trading desks.
Craft a Strong Cover Letter: Write a compelling cover letter that showcases your understanding of the role and your passion for commodities trading. Mention specific experiences that demonstrate your analytical skills and ability to communicate effectively with various stakeholders.
Highlight Team Collaboration: In your application, emphasize your ability to work as part of a team. Provide examples of how you've successfully collaborated with different departments or contributed to team flexibility in previous roles.
How to prepare for a job interview at Petroineos Trading Limited
✨Show Your Knowledge of Oil Products
Make sure to highlight your experience with oil products during the interview. Discuss specific examples of how you've managed risk in this area, and be prepared to explain your understanding of market movements and trading strategies.
✨Demonstrate Analytical Skills
Prepare to showcase your analytical mindset. Bring examples of how you've used data to inform decisions, particularly in P&L attribution and valuation. This will help illustrate your ability to provide meaningful commentary on book performance.
✨Communicate Effectively
Since the role requires interaction with various departments, practice articulating complex ideas clearly. Be ready to discuss how you would communicate P&L changes and risk exposures to different audiences, ensuring that your explanations are accessible.
✨Emphasize Team Collaboration
Highlight your experience as a team player. Discuss instances where you've supported colleagues or contributed to team flexibility, especially in cross-cover situations. This will show that you can work well within the Commercial Risk team.
