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- Tasks: Join our Commercial Risk team to analyze and report on Oil Products trading.
- Company: We're a dynamic trader of Commodity and Energy products based in Central London.
- Benefits: Gain exposure to various commodities and enjoy a collaborative trading floor environment.
- Why this job: This role offers hands-on experience in risk management and trading strategies with growth opportunities.
- Qualifications: Degree in Business/Finance/Banking/Mathematics/Statistics/Engineering; experience in Oil Products required.
- Other info: Ideal for those looking to develop their analytical skills and lead junior analysts.
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.
Richard James Recruitment Specialists Ltd | 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 Richard James Recruitment Specialists Ltd | Commercial Risk Analyst - Oil Products
✨Tip Number 1
Familiarize yourself with the specific commodities mentioned in the job description, especially Oil Products. Understanding market movements and trading strategies in this area will give you a significant 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 individuals who can provide insights into the role and potentially refer you.
✨Tip Number 3
Brush up on your analytical skills, particularly in P&L attribution and valuation. Being able to demonstrate your analytical mindset and how it applies to risk management will be crucial.
✨Tip Number 4
Prepare to discuss your experience in managing or supporting business growth. Be ready to share specific examples of how you've contributed to similar initiatives in your previous roles.
We think you need these skills to ace Richard James Recruitment Specialists Ltd | Commercial Risk Analyst - Oil Products
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 commercial risk analysis, particularly in oil products, to show you are a strong fit.
Tailor Your CV: Customize your CV to emphasize your experience in commodities trading and risk management. Include specific examples of your work with P&L attribution, market movements, and any relevant software or ETRM applications you've used.
Craft a Compelling Cover Letter: Write a cover letter that connects your background to the role. Discuss your understanding of the oil products market and how your skills can contribute to the company's growth and risk management strategies.
Highlight Communication Skills: Since the role requires interaction with various departments, make sure to showcase your communication skills. Provide examples of how you've effectively collaborated with teams in previous roles, especially in high-pressure environments.
How to prepare for a job interview at RICHARD JAMES RECRUITMENT SPECIALISTS LTD
✨Show Your Knowledge of Commodities
Make sure to demonstrate your understanding of the commodities market, especially oil products. Be prepared to discuss recent market movements and how they could impact trading strategies.
✨Highlight Your Analytical Skills
Since the role requires a detailed-oriented mindset, be ready to showcase your analytical skills. Discuss specific examples where you've successfully managed P&L attribution or risk management in previous roles.
✨Communicate Effectively
Good communication is key in this role. 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 developing junior analysts, make sure to highlight this during the interview. Share examples of how you've supported team growth and flexibility.
