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- Tasks: Analyse commercial risks in oil trading and support trading teams with insights and reporting.
- Company: Dynamic commodity trader based in Central London, focused on growth and innovation.
- Benefits: Competitive salary, exposure to diverse commodities, and opportunities for professional development.
- Why this job: Join a vibrant team and make an impact in the fast-paced world of oil trading.
- Qualifications: Degree in Business/Finance/Maths and experience in oil products risk management.
- Other info: Collaborative environment with opportunities to learn across various trading functions.
The predicted salary is between 36000 - 60000 £ 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 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. It 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.
- Monitoring traders’ exposures and adherence to Delegation of Authorities and risk limits.
- Performing daily hedge process as required.
- Daily interaction with relevant trading desks and other front/middle office departments to support business risk management requirements.
- Providing regular commentary on book performance and strategy, showing clear understanding and control to a variety of audiences.
- Reviewing 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.
- Providing management information and analysis as required and proactively seeking to provide business beneficial commercial analysis.
- Responsible for weekly/monthly/quarterly controls and input into financial close processes as required for designated business area.
- Supporting the wider team by utilising cross cover capabilities for other team members and supporting 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.
Commercial Risk Analyst - Oil Trading in London 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 Trading in London
✨Tip Number 1
Network like a pro! Get out there and connect with people in the industry. Attend events, join relevant groups on LinkedIn, and don’t be shy to reach out for informational chats. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by researching the company and its trading strategies. Understand their risk management approach and be ready to discuss how your skills can contribute to their success. Show them you’re not just another candidate, but someone who’s genuinely interested in their business.
✨Tip Number 3
Practice your pitch! Be clear about your experience in oil products and risk analysis. Highlight specific achievements that demonstrate your analytical skills and commercial awareness. We want to hear how you can add value to their team!
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take the initiative to engage directly with us. Let’s get you that Commercial Risk Analyst role!
We think you need these skills to ace Commercial Risk Analyst - Oil Trading in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Commercial Risk Analyst role. Highlight your experience in Oil Products and any relevant skills that match the job description. We want to see how you can bring value to our client's trading team!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Mention your understanding of P&L attribution and risk management, and how your background aligns with the company's needs. Let us see your passion for commodities trading!
Showcase Your Analytical Skills: In your application, don’t forget to showcase your analytical mindset. Provide examples of how you've managed or supported business growth in previous roles. We love seeing candidates who can think critically and provide commercial insights!
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of your application and ensures you don’t miss out on any important updates. Plus, it shows you're keen on joining our team!
How to prepare for a job interview at RICHARD JAMES RECRUITMENT SPECIALISTS LTD
✨Know Your Commodities
Make sure you brush up on your knowledge of oil products and other commodities like gas and power. Understand the market movements, trading strategies, and risk management principles. This will not only help you answer questions confidently but also show your genuine interest in the role.
✨Showcase Your Analytical Skills
Prepare to discuss your experience with P&L attribution and valuation. Be ready to provide examples of how you've used data analysis to support trading decisions or manage risks. This is crucial for demonstrating your fit for the Commercial Risk Analyst position.
✨Communicate Effectively
Since the role involves daily interaction with various teams, practice articulating complex ideas clearly and concisely. Think about how you can explain your past experiences in a way that highlights your communication skills and ability to work collaboratively.
✨Be Ready for Scenario Questions
Expect to face scenario-based questions that test your problem-solving abilities. Prepare by thinking through potential trading situations and how you would manage risks or make decisions. This will showcase your critical thinking and independent approach.