Trading Risk Manager- Oil and Gas Experience

Asterix Communications
Dubai
AED 400,000 - 600,000
Job description

The Trading Risk Manager will be responsible for identifying, analyzing, and managing risks associated with the company's oil trading activities. This role involves working closely with traders, analysts, and other stakeholders to ensure that risks are properly controlled and reported.

Key Responsibilities:

  1. Monitor and Analyze Trading Activities:
    Continuously oversee oil trading activities to identify potential risks.
  2. Develop Risk Management Strategies:
    Create and implement strategies and policies tailored to the oil market.
  3. Perform Risk Assessments and Stress Testing:
    Conduct thorough risk assessments and stress tests on oil trading portfolios.
  4. Collaborate with Traders:
    Work with oil traders to ensure compliance with risk limits and guidelines.
  5. Prepare Risk Reports:
    Generate regular risk reports for senior management and regulatory bodies.
  6. Manage Hedging:
    Oversee hedging of cargo risks to mitigate potential losses.
  7. Stay Updated on Market Trends:
    Keep abreast of market trends, regulatory changes, and industry best practices in the oil sector.
  8. Provide Guidance and Training:
    Offer guidance and training to junior team members on best practices in oil trading risk management.

Qualifications:

  • Educational Background: Bachelor's degree in Finance, Economics, Mathematics, or a related field. A Master's degree or relevant certification (e.g., FRM, CFA) is preferred.
  • Experience: Minimum of 5 years of experience in trading risk management, with a specific focus on the oil market.
  • Market Knowledge: Strong understanding of the oil market, trading instruments, and risk management techniques.
  • Technical Skills: Proficiency in risk assessment tools and software.
  • Analytical Skills: Excellent analytical, problem-solving, and decision-making abilities.
  • Communication Skills: Strong communication and interpersonal skills.
  • Work Under Pressure: Ability to work effectively under pressure in a fast-paced environment.

This position requires a detail-oriented professional who can manage complex risk scenarios and ensure that the company's trading activities are both profitable and compliant with regulatory standards. Tiger is B Corp Certified. We are part of a global movement of businesses committed to improving social and environmental conditions around the world.

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