Specialist, Market Risk

Job Specific Accountabilities

1. Experienced in building and using models
2. Well informed of world product demand and supply, market dynamics
3. Industry knowledge - supply/demand fundamentals of physical market, product grades and quality specs, refining systems, transportation and pipeline infrastructure and products carried, competitors, marine operations, third-party system parameters, standard terms and conditions of contracts, displays knowledge of the global energy business, refinery economics/drivers, understands the value of variations in specification, timing, and volume
4. Commodities trading knowledge - understand trading strategies, basic knowledge of trading fundamentals, global markets, arbitrage, market climate, keeps up to date with international events and geo-political climate
5. Risk knowledge - risk management methodologies including stress testing and VaR measurement, risk analysis techniques, proficiency in fundamental credit analysis with an emphasis on financial statements and current trends impacting business issues
6. Financial knowledge - hedging/speculative/ price forecasting instruments, such as, derivatives, futures, options, OTC swaps, and various credit instruments, economic evaluation and analysis, understands concepts such as NPV, value creation, and option value
7. Experience with Openlink/Endur ETRM and Power BI system

General

1. Support the management and direction of the Middle Office
2. Support in working with trading desk to ensure that all relevant market risk factors are properly identified and formally captured in official risk systems. Work closely with Traders to quantify and explain the sources of risk in their portfolios
3. Produce required daily market risk reports. Analyze, understand and comment the variations of the different risk indicators on a daily basis, provide comments on main P&L and risk evolutions as well as any noticeable events on regular basis .
4. Support initiatives to support the development and maintenance of the Organizational Risk Appetite framework and assist in maintaining an appropriate autonomous market risk limits framework with applicable triggers
5. Support to monitor business compliance with the firm’s market risk-related policies
6. Support to oversee risk exposure measurement and limit monitoring processes to ensure integrity and appropriate independence of reporting
7. Participate in the development of business-level stress testing that properly considers risk concentrations; review results and assess appropriate follow-up actions
8. Participate in the ongoing development, implementation and upgrade of risk systems including VaR, Limit monitoring systems, stress systems etc.
9. Validate day accuracy of daily flash P&L and coordinate with relevant stake holders for rectifying any errors / outliers
10. Active management of day to day issues and queries from internal/external parties with escalations as necessary
11. Consolidate ‘Day Changes’ & Exposure reports being generated from various trading centers for various commodities being traded

Interfaces

1. Contribute to the reporting of Trading Result/ Position to senior management. Work closely with Back Office, Finance, Credit, Legal & Compliance, and Business Unit Control to ensure best control practices, operational efficiency and policy/limit compliance.
2. Coordinate with stake holders and Compliance for timely reporting of incidents and its redressal
3. Assist Manager integrated reporting & Projects in Consolidation of positions and exposure across desks & portfolio
4. Work with finance and accounting teams to ensure timely accounting releases and reconciliations between views
5. Support implementation of business continuity readiness initiatives