Senior Market Risk Analyst
Senior Market Risk Analyst JOB RESPONSIBILITIES Calculate VaR and explain to the desk any significant changes against market moves and actual positions; Take a pro-active lead on Risk quantitative analysis, i.e. Analyse risk reports (current metrics vs P&L) and Develop views on the risk profile by business unit, portfolio or strategy; Propose new risk measures\stress tests; Develop the method; Implement the prototype and Coordinate the process industrialization with other teams. Contribute to advanced Model Validation, structured trade approval\risk assessment or capital allocation optimization; Contribute to enhance processes and procedures to broaden the scope and increase the quality of our proprietary market data; Take ownership of short-to-mid term IT projects to develop or enhance our Risk systems (e.g. data feed process setup and industrialization; prototyping offline analytical tool; performing UAT, maintaining ETRM reference data); Contribute pro-actively to the regular assessment of the risk metric methodologies and the back\stress testing processes as the business develops and report any issue, loophole or inconsistency to the Market Risk manager; Assess pro-actively the appropriateness of the current Risk metrics (incl. back/stress testing) environment as the business develops and the market conditions change, and make recommendation for improvement to the Market Risk manager; Review regularly the consistency of control processes and policies as the business develops and report any issue to the Market Risk manager; Develop & manage daily relationship with key business stakeholders across the board (FO, MO, Ops, Finance and IT); Potentially train and supervise junior risk analysts. QUALIFICATION REQUIREMENTS Education Advanced degree in Mathematical finance/economics, Sciences or Engineering. Qualifications Excellent knowledge of the physical and financial markets in general and the risk management function in the commodity energy industry in particular; Exposure to Oil & Refined Product or Gas & Power trading is a prerequisite; Clear vision of risk reporting infrastructure, deal life cycle processes and complex structured deal representation in ETRM; Proven track record of Option risk management and Structured product model validation; Proven capability in conducting IT projects for Risk (ETRM implementation, enhancement and maintenance). Professional Background Minimum 5 years exposure in an energy trading environment; Strong quantitative and programmatic skills (Excel/VBA is a prerequisite, scripting\database query language is an advantage). Solid knowledge of a commodity physical business: nature of market risks (time spread, basis risk etc.), logistics (delivery, transfer of title etc.), physical assets (e.g. oil inventory, gas storage, power tolling); Solid mathematical or financial engineering educational background: Good understanding of the mainstream derivative products. Working Experience Minimum 5 years experience in an energy trading market risk management position; Exposure to Oil & Refined Product or Gas & Power markets is a prerequisite. Other Requirements Be a self-starter as well as a team player; Willingness and ability to work and deliver on challenging timelines; Be diligent and dedicated to manage ad-hoc analysis and projects in a timely manner; Strong analytical skills; Understand position management and price risk for a physical commodity business; Ability to articulate and communicate complex risk matters in an effective manner to senior management; Maintaining a balance of a strong independent mind in executing responsibilities and effective relationships with FO and other support functions; Ability to work in a pressured environment.
Accountant/Controlling & Performance Accountant
OVERVIEW An exciting opportunity has arisen for an Accountant/Controlling & Performance Accountant. The purpose of this role is to conduct complex financial analysis and to support the financial controlling department with economic and financial analysis neccessary for the operational and strategic management of the company. Performs consistent, timely and accurate financial planning, forecasting, performance management and reporting activities in order to support decision making and steering by management. Key responsibilities: Prepares financial analysis, reports, and budget forecasts for the Italia entity. Delivers and constantly improves efficient, reliable and timely core controlling activties, including financial reporting, budgeting and financial planning (MTP) Assists in the Italia company's monthly and yearly closing Contributes to the design and management of the budget process (MTP) for both entities Performance Management: Designs, implements and produces effective performance management reports for both entities. For London this includes both regular and ad-hoc performance reporting with in-depth analysis across multiple dimensions (price, freight, demurrage etc) Automation of existing reports Reporting and analysis for Italia covering both CCS and Transfer Pricing requirements, including inventory losses, foreign exchange, fees etc Forecasting of cashflows for both entities Prevents inaccuracies in financial statements by setting up internal control systems and adopting proper policies for financial reporting for both entities Reviews financial data periodically to ensure fairness and completeness of the data for both entities Assists in special projects whenever requested. Participates in the optimization and harmonization of controlling relevant IT systems Ensures compliance with issued controlling guidelines and standards Co-operate with managers and team leaders in the promotion of HSSE good practice by adopting appropriate behaviours Adhere to HSSE instructions and procedures Reporting practices, behaviours and equipment and HSSE concerns and incidents Actively support a HSSE culture, offering improvement suggestions and participating in review of work practices and procedure Minimum Requirements: Masters degree Accounting qualification University degree in Finance Controlling Relevant Professional Experience: Must include 2 years of experience either working in, or auditing of, an oil trading business More than 2 years after Master or 5 years after Bachelow including Accounting qualification Will have solid understanding of all the core elements within own discipline, good knowdlege of the interdependencies and can manage interfaces with other disciplines Other: Positive attitude with a solution oriented approach Ability to work both autonomously and as a team player working in a global environment Excellent interpersonal capable of adopting a variety of styles to interact with clients on the trading floor, senior management and colleagues to achieve the desired result Strong problem solving skills with the creativity to propose different options and build consensus Able to demonstrate intergrity, courage and sound ethical judegment Ability to deliver on tight deadlines Excellent oral and written communication skills
Senior Risk Analyst - Market Risk Analytics
ASSIGNMENT The Projects & Reporting team provides daily performance and market risk analysis to the Management, Traders and other parts of the business. The team seeks to improve and centralise Risk Management within the business through the implementation of a robust framework and transformative IT projects. Excelling in this area could lead to a range of interesting and challenging career options in the trading and shipping business. MAIN JOB FUNCTION The team provides real-time front-line control and management information for management and traders, integrating the daily PNL & risk reporting that is produced to across the business to provide an overarching risk management view. The role also involves driving projects to improve the ETRM systems and the use of the data that is produced through every stage of the trade life cycle. Given the unique position of the team in the middle of commercial activities, the team will also support broader commercial activities, company objectives and management decision making. KEY RESPONSIBILITY AREAS The main duties and responsibilities of the job holder are: Leading projects to help improve our performance of all market risk functions including: Analysis of positions and understanding of how they fit within the firms risk framework. Positions may be both physical as well as financial; VaR calculation and analysis, ensure that the VaR metric is both complete and accurately reflects the risk of the desks P&L explains, Analysis of the P&L to help explain it in terms of the greeks as well as by asset including spread assets; Stress, Analysis and calculation of stress on an aggregate level as well as specific strategy level ensuring that the figure is accurate and has the support of FO as well as MO Lead ongoing projects (IT and other) in market risk team. These projects can be cross asset class and either designed to improve architecture, efficiency or risk metrics. Significant interaction within the market risk team will be necessary Interface with IT to develop and manage all reporting activities within the company dedicated ETRM system Ensuring that best practises are applied across the risk team Prepare and review of daily PNL and risk reports and follow up any issues with relevant teams; Participate in enhancement and development of in ETRM systems; Maintain a good knowledge of risk metrics, be able to understand and discuss with the other risk managers VaR, Stress and greeks so as to be able to assist in commentary and development; Develop and maintain strong business relationship with different functions, e.g FO, BO, IT, Planning & Control; Setting and monitoring adherence to risk limits for the trading desks Guarantee compliance for trading procedures with relevant controls and support when necessary internal and external audit requests; REPORTING RELATIONSHIPS This position reports to the Market Risk Analytics Manager and has the following main interfaces: INTERNAL: Front and Back Office, IT, other Middle Office units; Planning & Control, Finance; Back Office CANDIDATE SPECIFICATIONS University degree in economics, finance / engineering / numerate discipline; Strong IT skills: VBA necessary, SQL, Python or other languages also beneficial. Experience of driving change through successful IT projects. Knowledge of the market risk/ product control role from trading companies or banks. Knowledge of risk metrics such as VaR, stress testing, scenario analysis; Knowledge of one or more of ETRM systems would be an advantage (Endur, Symphony by Amphora). Ability to communicate concisely to senior management in Market Risk and to stakeholders; Highly organised, good attention to detail and ability to work with tight deadlines; Analytical mind and good numerical skills; Proactive and result oriented approach to work; Strong communication and interpersonal skills; Ability to build and nurture effective relationships internally and externally; Ability to mentor junior members and raise profile of the team; Full command of English language (spoken and written).
Senior Oil & Products Analyst
THE ASSIGNMENT This is a permanent role within the Oil and Products Market Analytics team, which is in charge of market fundamentals analysis, developing models, collecting information and sharing results with various internal customers and other teams in charge of market fundamentals analysis. MAIN JOB FUNCTION The Oil & Products Analyst will be responsible for producing timely and accurate market analysis tailored to the needs of the business internal customers and in co-operation with the other teams in charge of analysis of market fundamentals of other commodities like power, gas and LNG. Tasks may include regular and ad hoc market commentaries and presentations, analysis and flash reporting when required. Particular focus given to real time co-operation with trading teams in terms of various type of analysis as requested/agreed with traders and market views and suggestions to highlight trading opportunities. KEY RESPONSIBILITY AREAS Analyse crude oil and products market data, understand trends and provide regular assessments of in-house views of global commodity fundamentals and prices. Test and support the findings. Develop and maintain a flow of proactive information exchange with colleagues in the analytics team and the oil and products trading desks, providing support and analysis in real time Suggest trading strategies based on timely and accurate market analysis and reports. Propose and discuss market analysis models with internal customers, lead their development and maintenance, make sure they are technically sound and provide consistent results. Assist in determining and discussing with the internal customers key assumptions and methodologies in modelling the complex global Oil & Products markets. Define ways to improve tools to structure analysis, information provider selection, data gathering and management with the aim to optimise them in terms of quality, efficiency of results and costs. Write accurate and timely market analysis reports as requested by internal customers both on a regular and ad-hoc basis. In general, effectively communicate within the company the analysis results. Preparation of ad hoc material and presentations for management when required. CANDIDATE SPECIFICATIONS Preferably a degree in statistics, economics, finance, engineering Excellent knowledge of oil & products fundamentals and markets. Minimum 3 years of working experience of which at least 2-year experience in a fundamentals analytics role related to crude and/or refined products markets. Longer experience appreciated, also if in in other related roles like, but not limited to, other commodities analytics and/or trading assistant. Modelling experience (i.e. build and maintain complex refining models, develop queries, work with SQL, Python and Tableau). Innovative thinker, with strong analytical skills, ability to define problems, collect data, establish facts and draw valid conclusions. Proactive team working attitude with understanding and respect of roles A strong ability to remain focused while working under pressure, good time management. Being comfortable with working in a large company and in a trading environment with activities to be developed in real time. Ability to co-operate with colleagues across different locations. Willingness to learn and gain in depth knowledge on product markets and ability to work with them; constantly strive to improve the analytical ability of the team. Flexible - Capability to deal with challenging deadlines. Motivated, show commitment and dedication for the role. Fluent English required; ability to speak/write other languages appreciated
Risk Analyst - Singapore
ASSIGNMENT This is a role for a risk analyst to join the Market Risk team. The team will provide daily performance and control analysis of the trading business and will work closely with the traders and the other parts of the business. This is a pivotal team in this dynamic business and experience of this area could lead to a range of interesting and challenging career options in the trading and shipping business. MAIN JOB FUNCTION The role will be responsible for: Performing day-to-day market risk activities Assisting in providing the Company with the capability to value, monitor and risk manage across a range of traded markets Dealing with ad hoc requests related to risk analytics for market risk in general. Assist in numerous projects helping implement structure, consistent and new risk metrics KEY RESPONSIBILITY AREAS The main duties and responsibilities of the job holder are: Daily generate exposure and risk metric calculation, ensuring accuracy and timeliness, in particular daily monitor the market exposure and profit and loss move for assigned physical books and related derivatives; Analyse, investigate and comment PNL trading results focusing on trading and shipping performances and market trends; Maintain a good knowledge of risk metrics (i.e. VaR and stress analysis) and perform ad hoc analysis where necessary; Maintain a good knowledge of market conditions on monitored products through the use of provided tools; Support automation initiatives and where necessary work with ICT to drive necessary developments; Interface and support front office assigned desk in reaction to new market risks as well as the development of new market/products; Guarantee compliance for trading procedures with relevant controls and support when necessary internal and external audit requests; Contribute to the month and quarter-end activities for assigned books; Manage ad hoc demands. REPORTING RELATIONSHIPS This position reports to the Oil Market Risk Manager and has the following main interfaces: INTERNAL: Front Office, Back Office, IT, other Middle Office units; Operations, Planning & Control, Finance. EXTERNAL: Brokers; relevant industry contacts. CANDIDATE SPECIFICATIONS Experience within a Market Risk environment in an oil trading company; Knowledge of risk metrics such as VaR, stress test, scenario analysis, Knowledge of Platt's Market on Close (MOC), E-window, and any other trading platform Knowledge of financial hedging on Oil & Products; Knowledge of vessel chartering, shipping or bulk commodity movement; Highly organised, good attention to detail and ability to work with tight deadlines; Analytical mind and good numerical skills; Dedicated and stress-resilient; Proactive and result oriented approach to work; Strong communication and interpersonal skills and positive attitude; Ability to build and nurture effective relationships internally and externally; Flexibility and adaptability to work in a rapidly changing environment; Knowledge of one or more of IT systems would be an advantage (Endur, ICTS). Good knowledge of Microsoft Office suite including excellent Excel abilities, preferably VBA; Full command of English language (spoken and written).
Assistant Financial Controller
We have an opportunity to join a leading independent petroleum trading business based in Weybridge, Surrey. The group is expanding and requires an experienced, hardworking and organised Assistant Financial Controller to support the Group Financial Controller in meeting all internal, external and statutory reporting requirements and obligations of the group. Specific Responsibilities: The position requires responsibility for the reporting requirements of one of the larger group companies (approx. £1bn T/O) and providing full support to the Group Financial Controller for the reporting requirements of the group. Duties to include but not limited to: • Preparation of monthly management accounts by required deadline from TB through to final • Assist in monthly KPI reporting for banks • Monthly stock reconciliations • Preparation of monthly duty return • Ensuring all monthly duty reporting requirements are fulfilled to HMRC deadlines • Preparation of quarterly VAT return • Submission of monthly volumes to DfT • Assist in bi-annual bank audit • Assist in annual statutory audit • Assist Group Financial Controller in day-to-day running of the reporting team • Reconciliation of 3rd party card data for processing by transaction team • Calculation of deferred rebates • Fixed price contract reconciliations • Reconciliation of high volume intercompany transactions • Liaising with transaction team to ensure accuracy of transactions • Providing management information to all parts of the business as required Qualifications • Must be a qualified accountant (ACA/ACCA/CIMA or equivalent) • Oil industry experience would be an advantage • Excellent time management/organisational and multi-tasking skills • Experience in multi-currency transactions • Good knowledge of Microsoft Excel • Good systems experience • Ability to take ownership & responsibility for tasks • Ability to communicate with internal and external stakeholders at all levels • Ability to cope under pressure and produce accurate time critical information • Ability to proactively manage and prioritise workloads, and to deliver on time and to expectations. Immediate or imminent start date required.
With an enviable reputation built over 18 years, our risk and finance team are highly skilled at matching mid and senior level candidates with roles in the commercial downstream sector of the energy and commodity market. Alongside oil and oil products, we also cover gas, power, LNG, metals, coal, freight, soft commodities and the shipping industry.
We’ve watched candidates grow in careers in risk management, analysis, refinery planning and optimisation, derivative operations, settlements, accounts, contracts, treasury, compliance and legal.
We work with trading companies, investment banks and oil majors in London and Switzerland, as well as the Middle East, Singapore and USA and are proud to boast client relationships stretching back to 1998.
You can view our current vacancies above, or talk to us about your plans for growing your team.
|Market risk manager||Trading company|
|Senior financial controller||Refining & trading business|
|Senior trade finance executive||Trading company|
|Credit risk analyst||Trading company|
|Senior crude market analyst||Refining & trading business|
|Head of contracts||Refining & trading business|
|Data scientist||Trading company|
|Operational risk manager||Refining & trading business|
|Head of risk||Refining & trading business|
|Senior settlement analyst gas power & LNG||Refining & trading business|