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- Tasks: Analyse commercial risks in oil trading and support trading teams with insightful 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 relevant fields 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. 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.
Commercial Risk Analyst – Oil Trading employer: Richard James Recruitment
Contact Detail:
Richard James Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Commercial Risk Analyst – Oil Trading
✨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 to professionals in the oil trading sector. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of market movements and trading strategies. Be ready to discuss how you can contribute to the Commercial Risk team and show off your analytical skills. Practice common interview questions and think about how your experience aligns with the role.
✨Tip Number 3
Don’t just apply anywhere; focus on companies that excite you! Use our website to find roles that match your skills and interests. Tailor your approach to each company, showing them why you’re the perfect fit for their team.
✨Tip Number 4
Follow up after interviews! A quick thank-you email can go a long way in keeping you top of mind. Use this opportunity to reiterate your enthusiasm for the role and mention any key points from the conversation that highlight your fit for the position.
We think you need these skills to ace Commercial Risk Analyst – Oil Trading
Some tips for your application 🫡
Tailor Your CV: Make sure your CV speaks directly to the role of Commercial Risk Analyst. Highlight your experience in oil products and risk management, and don’t forget to mention any relevant skills that align with the job description.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re passionate about commodities trading and how your background makes you a perfect fit for the team. Keep it engaging and personal!
Showcase Your Analytical Skills: Since this role requires a keen analytical mindset, be sure to include examples of how you've successfully managed P&L attribution or provided valuable insights in previous roles. Numbers speak volumes!
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and get you on our radar quickly!
How to prepare for a job interview at Richard James Recruitment
✨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 and trading strategies relevant to these areas, as this will show your potential employer that you're not just familiar with the basics but can also engage in deeper discussions.
✨Showcase Your Analytical Skills
Prepare to discuss your experience with P&L attribution and valuation. Bring examples of how you've managed risk or contributed to business growth in previous roles. This will demonstrate your analytical mindset and ability to provide valuable insights.
✨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’s relatable to both technical and non-technical audiences.
✨Be Ready for Scenario Questions
Expect questions that assess your problem-solving skills in real-world scenarios. Prepare to discuss how you would handle specific risk management situations or trading challenges. This will help you showcase your independent approach and ability to challenge the status quo.
