Interest Rate and FX Hedging Specialist

Aramco energizes the world economy.

Aramco occupies a unique position in the global energy industry. We are the world's largest producer of hydrocarbons (oil and gas), with the lowest upstream carbon intensity of any major producer.

With our significant investment in technology and infrastructure, we strive to maximize the value of the energy we produce for the world along with a commitment to enhance Aramco’s value to society.

Headquartered in the Kingdom of Saudi Arabia, and with offices around the world, we combine market discipline with a generations’ spanning view of the future, born of our nine decades experience as responsible stewards of the Kingdom’s vast hydrocarbon resources. This responsibility has driven us to deliver significant societal and economic benefits to not just the Kingdom, but also to a vast number of communities, economies, and countries that rely on the vital and reliable energy that we supply.

We are one of the most profitable companies in the world, as well as amongst the top five global companies by market capitalization.

Job Purpose

We are seeking an Interest Rate and FX Hedging Specialist to join the Credit and Market Division of the Financial Risk Management Department at Saudi Aramco. The Interest Rate and FX Hedging Specialist is responsible for analysis, monitoring, and hedging of these market risks within the group. Additionally, experience with commodity risk hedging will be preferred.

The successful candidate will assess market risk exposures, perform quantitative and qualitative analysis on positions and risks of the respective portfolios, and report the findings to risk management and to key areas of the Company.

The specialist will interface with various internal departments, including compliance, finance, operations, and the trading desk, and also with other subsidiaries and joint ventures of the group.

Responsibilities

You will be required to perform the following:

1. Analyze and quantify interest rate, FX and commodity risk exposure of the group and propose hedging strategies to mitigate such risks.
2. Understand and report on market risk dynamics of the specific portfolio, key drivers impacting prices, volatility and values and their prospective impact on the risks and earnings of the portfolio.
3. Ensure that volatilities, market prices, forward curves, correlations, and other key valuation components are accurately and consistently defined and updated.
4. Assist in the setup, configuration and implementation of hedging of market risks and related risk analytic systems.
5. Ensure that new business transactions and related risks are appropriately defined and captured by the Company’s risk systems and risk methodologies.
6. Analyze risks/return related to new business and markets and liaise with the business functions to assure constituent market risks are understood, are appropriate to risk appetite, correctly reported and where appropriate, hedged.
7. Monitor positions against market risk metrics and limits and liaise with the business functions and risk control regarding potential limit exceedance.
8. Perform stress testing on various portfolios in order to identify and mitigate unwanted exposure.
9. Review policies and procedures and align risk policies across the Group.

Education & Experience Requirements

As the successful candidate, you will hold a Bachelor's Degree in Finance, Economics, Mathematics, Engineering, or a related field. An MBA or other advanced business degree is preferred.

Strong preference for a professional certification such as CFA, FRM, or PRM.

You will have at least ten years’ experience in financial markets risk management in a corporate or bank environment.

Experience with the development, implementation, application, and oversight of financial markets risk models, hedging alternatives, pricing and hedge execution strategies.

Prior experience and knowledge of trading concepts, derivative instruments, ISDA agreements, hedge accounting, and operations.

Advanced proficiency with Excel.

Ability to coach junior analysts in developing their analytical skills and reporting capabilities.

Certificates

Title: Assoc of Chartered Certified Accountant (ACCA)
Req./Pref.: Preferred
Comments-Nature of Cert./License Relations: 2 yrs is waived from minimum Yrs of exp. on full accreditation

Title: Certified Financial Analyst (CFA)
Req./Pref.: Preferred
Comments-Nature of Cert./License Relations: 2 yrs is waived from minimum Yrs of exp. on full accreditation

Title: Certified Internal Auditor (CIA)
Req./Pref.: Preferred
Comments-Nature of Cert./License Relations: Certification in the areas of internal audit & practice

Title: Certified Management Accountant (CMA)
Req./Pref.: Preferred
Comments-Nature of Cert./License Relations: 2 yrs is waived from minimum Yrs of exp. on full accreditation

Title: Certified Public Accountant (CPA)
Req./Pref.: Preferred
Comments-Nature of Cert./License Relations: 2 yrs is waived from minimum Yrs of exp. on full accreditation

Title: Saudi Org of Certified Public Accountant (SOCPA)
Req./Pref.: Preferred
Comments-Nature of Cert./License Relations: Certification in the areas of accounting & Auditing Standards

Working environment

Our high-performing employees are drawn by the challenging and rewarding professional, technical and industrial opportunities we offer, and are remunerated accordingly. At Aramco, our people work on truly world-scale projects, supported by investment in capital and technology that is second to none. And because, as a global energy company, we are faced with addressing some of the world’s biggest technical, logistical and environmental challenges, we invest heavily in talent development.

We have a proud history of educating and training our workforce over many decades. Employees at all levels are encouraged to improve their sector-specific knowledge and competencies through our workforce development programs – one of the largest in the world.