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- Tasks: Join our Commercial Risk team to analyze and report on Oil Products trading.
- Company: A dynamic trader of Commodity and Energy products based in Central London.
- Benefits: Gain exposure to various commodities and collaborate across departments in a vibrant trading environment.
- Why this job: This role offers hands-on experience in risk management and the chance to influence business strategies.
- Qualifications: Degree in Business/Finance/Maths; proven experience in Oil Products risk roles required.
- Other info: Opportunity to lead and develop Junior Analysts while supporting significant business growth.
The predicted salary is between 43200 - 72000 £ 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 Oil Products 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 - Oil Products 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 - Oil Products
✨Tip Number 1
Familiarize yourself with the latest trends and movements in the oil products market. Understanding current events and how they impact trading strategies will give you an edge during discussions with the team.
✨Tip Number 2
Network with professionals in the commodities trading space, especially those focused on oil products. Engaging with industry experts can provide insights and potentially lead to referrals within the company.
✨Tip Number 3
Brush up on your knowledge of ETRM applications and risk management tools. Being well-versed in these systems will demonstrate your readiness to contribute effectively from day one.
✨Tip Number 4
Prepare to discuss your experience with P&L attribution and valuation in detail. Be ready to share specific examples of how you've managed risk exposures in previous roles, as this will be crucial for the interview.
We think you need these skills to ace Commercial Risk Analyst - Oil Products
Some tips for your application 🫡
Understand the Role: Make sure you fully understand the responsibilities and requirements of the Commercial Risk Analyst position. Highlight your relevant experience in oil products and risk management in your application.
Tailor Your CV: Customize your CV to emphasize your experience in commodities trading, particularly in oil products. Include specific examples of your work with P&L attribution, risk exposure management, and any relevant analytical skills.
Craft a Strong Cover Letter: Write a compelling cover letter that showcases your understanding of the trading environment and your ability to contribute to the team. Mention your communication skills and how you can support business risk management effectively.
Highlight Relevant Education: In your application, clearly state your educational background, especially if it aligns with Business, Finance, or Mathematics. If you have any certifications related to risk management or trading, be sure to include those as well.
How to prepare for a job interview at RICHARD JAMES RECRUITMENT SPECIALISTS LTD
✨Showcase Your Industry Knowledge
Make sure to demonstrate your understanding of the oil products market and its dynamics. Be prepared to discuss recent trends, market movements, and how they impact trading strategies.
✨Highlight Your Analytical Skills
Since the role requires a detailed-oriented mindset, be ready to provide examples of how you've used data analysis in previous roles. Discuss specific tools or methodologies you’ve employed for P&L attribution and risk management.
✨Communicate Effectively
Good communication skills are essential for this position. Practice explaining complex concepts in a clear and concise manner, as you will need to interact with various teams across the business.
✨Demonstrate Leadership Experience
If you have experience leading or mentoring junior analysts, be sure to highlight this during the interview. Discuss how you’ve supported team growth and contributed to a collaborative work environment.
