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- Tasks: Join our Commercial Risk team to analyze and report on commodity trading performance.
- Company: We're a dynamic trader of Commodity and Energy products based in Central London.
- Benefits: Enjoy a collaborative trading floor environment with opportunities for growth and exposure to various commodities.
- Why this job: This role offers hands-on experience in risk management and trading strategies, perfect for aspiring analysts.
- Qualifications: Degree in Business/Finance/Maths/Statistics or relevant experience; proven risk analysis skills required.
- Other info: Opportunity to lead and develop junior analysts while supporting significant business growth.
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 clients 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.
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
Familiarize yourself with the specific commodities mentioned in the job description, such as Oil, Gas, and Power. Understanding market trends and trading strategies in these areas will give you an edge during interviews.
✨Tip Number 2
Network with professionals in the commodities trading sector. Attend industry events or join relevant online forums to connect with people who can provide insights into the role and potentially refer you.
✨Tip Number 3
Brush up on your analytical skills, especially in P&L attribution and valuation. Being able to discuss these concepts confidently will demonstrate your expertise and readiness for the role.
✨Tip Number 4
Prepare to discuss your experience in risk management and how you've contributed to business growth in previous roles. Highlighting specific examples will show your capability to add value to the team.
We think you need these skills to ace Commercial Risk Analyst - Commodities
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description and understand the key responsibilities and requirements. Highlight your relevant experience in risk management and commodities trading in your application.
Tailor Your CV: Customize your CV to reflect your experience in P&L attribution, risk analysis, and any relevant commodities knowledge. Use specific examples that demonstrate your analytical skills and ability to support business growth.
Craft a Strong Cover Letter: Write a compelling cover letter that explains why you are a great fit for the Commercial Risk Analyst position. Mention your educational background, relevant work experience, and how you can contribute to the team’s success.
Highlight Communication Skills: Since the role requires interaction with various departments, emphasize your communication skills in both your CV and cover letter. Provide examples of how you've effectively communicated complex information to different 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 analyzed market movements or trading strategies in the past, and how those analyses impacted decision-making.
✨Understand P&L Attribution
Since the role requires a deep understanding of P&L attribution and valuation, make sure you can explain these concepts clearly. Prepare to discuss how you've managed or reported P&L in previous roles, and be ready to provide insights into key value generators.
✨Communicate Effectively
Good communication skills are essential for this position. Practice explaining complex risk management concepts in simple terms, as you'll need to interact with various departments. Think of examples where you've successfully communicated with different stakeholders.
✨Demonstrate Commercial Awareness
The company is looking for someone who is commercially aware and can contribute to new business initiatives. Research current trends in commodities trading and be ready to discuss how they might affect the business. Show that you understand the broader market context.
