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- Tasks: Join our Risk Team to manage daily P/L reporting and monitor risk limits.
- Company: Be part of a leading Global Trading company with exciting growth opportunities.
- Benefits: Enjoy competitive remuneration and potential for career advancement in a dynamic environment.
- Why this job: This role offers hands-on experience in oil trading and a chance to influence risk control processes.
- Qualifications: University degree in technical or business fields; strong knowledge of trading instruments required.
- Other info: Ideal for those who thrive under pressure and have a passion for numbers.
The predicted salary is between 48000 - 72000 £ per year.
Exciting new opportunity to join a top Global Trading company who are looking for a Risk Controller – Oil. The company is expanding and offers good career prospects and remuneration. The role will be based in their London Office. You would be part of a Risk Team reporting to the Head of Risk.
Key responsibilities:
- Responsible for the preparation and production of the daily P/L reporting process for all supply and trading activities: Running an unofficial and an official ETRM system batch as basis for risk reporting. Problem resolution in case of batch errors. Control of all open positions for their completeness and correctness. Close liaison with Trading, Short Term Optimization, Operations and Back Office to ensure trades are captured accurately and timely.
- Creation of detailed MtM report, with analysis of major day changes and risk limit monitoring, with escalation to management and trading in case of limit breaches.
- Responsible for the daily maintenance of the ETRM System: Control and verification of settlement prices and forward curves. Definition of new price curves for P/L and MtM valuations.
- Influencing the ETRM agenda to ensure all Risk Control system needs are met.
- Responsible for Value at Risk (VaR) monitoring: VaR report and risk limit monitoring, with escalation to management and trading in case of limit breaches.
- Responsible for Credit Risk monitoring: Credit risk report including MtM exposure and PFE (Potential Future Exposure). Control of credit risk positions based on MtM values, with escalation to management and trading in case of limit breaches.
- Support the business: Provide ad-hoc expert detailed commercial analysis of positions and P/L if requested by management or trading. Assist Accounting and Finance in connection with month-end and year-end closing procedures. Ad-hoc participation in projects and incorporation of new trading activities into risk reporting. Liaising with external and internal audit on Risk Control matters. Support the implementation of process and system improvements to streamline risk control of trading activities.
Minimum Requirements:
- Education: University degree
- Subject of education: technical or business
- Relevant professional experience
- Very good knowledge of trading instruments.
- Very good theoretical and practical knowledge and application of risk measures.
- Experience from oil industry, for physical oil, refined products and derivatives.
- Good knowledge of operational side of trading in order to understand different positions.
- Good knowledge and experience with ETRM systems and MS Excel.
- Affinity to numbers.
- Ability to work independently under stress and to meet deadlines.
- Exhibits commercial awareness.
- Global, innovative thinker with the learning agility and curiosity for understanding issues.
- Attention to detail and analysis skills.
Risk Controller - Oil Trading employer: ZipRecruiter
Contact Detail:
ZipRecruiter Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Risk Controller - Oil Trading
✨Tip Number 1
Familiarise yourself with the specific ETRM systems used in oil trading. Understanding how these systems operate will not only help you during the interview but also demonstrate your proactive approach and genuine interest in the role.
✨Tip Number 2
Network with professionals in the oil trading sector, especially those who work in risk management. Attend industry events or join relevant online forums to gain insights and potentially get referrals that could boost your application.
✨Tip Number 3
Brush up on your knowledge of Value at Risk (VaR) and credit risk monitoring techniques. Being able to discuss these concepts confidently in an interview will show that you are well-prepared and knowledgeable about the key responsibilities of the role.
✨Tip Number 4
Prepare to discuss real-world scenarios where you successfully managed risk or resolved issues in a trading environment. Having concrete examples ready will help you illustrate your problem-solving skills and ability to work under pressure.
We think you need these skills to ace Risk Controller - Oil Trading
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in risk control, oil trading, and familiarity with ETRM systems. Use specific examples that demonstrate your skills in P/L reporting and risk limit monitoring.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention your understanding of the oil trading industry and how your background aligns with the responsibilities outlined in the job description.
Highlight Relevant Skills: Emphasise your analytical skills, attention to detail, and ability to work under pressure. Provide examples of how you've successfully managed risk or improved processes in previous roles.
Proofread Your Application: Before submitting, carefully proofread your application for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for a Risk Controller position.
How to prepare for a job interview at ZipRecruiter
✨Know Your Numbers
As a Risk Controller, you'll be dealing with a lot of data and figures. Brush up on your knowledge of trading instruments and risk measures. Be prepared to discuss how you would handle P/L reporting and VaR monitoring in detail.
✨Familiarise Yourself with ETRM Systems
Since the role involves working with ETRM systems, make sure you understand how they function. If possible, review any specific systems mentioned in the job description and be ready to explain your experience with them.
✨Demonstrate Commercial Awareness
Show that you understand the oil trading market and its dynamics. Be prepared to discuss recent trends or news in the industry and how they might impact risk management strategies.
✨Prepare for Scenario Questions
Expect to face scenario-based questions that test your problem-solving skills. Think about past experiences where you've had to resolve issues under pressure, especially related to risk control or trading activities.
