Key Responsibilities:
- You will be the First LOD for the entire business functions, responsible with identifying and mitigating any potential risk that could impact the company directly - both in the immediate term and in the future .
- Develop and implement operational risk policies and standards for managing risk across the entire business, keeping the companies current and future plans for growth in mind - including new business activities, New Product Approvals (NPA), Non Standard Deal Approvals (NSDA) and New Commercial Activity Integration (NCAI) across physical and financial oil.
- Carryout an in depth risk assessment (ad hoc) and the ongoing monitoring of operational risk indicators.
- Ensure the continued collaboration and communication with the traders, senior management and the risk teams - reporting your findings and recommendations of the key risk and control indicators from the operational risk reviews.
- Responsible for developing strong relationships with key stakeholders and senior management by addressing and rectifying any concerns effectively.
- Ensure the documentation for risk management, risk policies and procedures are up to date and are actioned.
- Synchronise all activities related to K factor indicators in connection with Trade Control function.
- Responsible for the full compliance of internal and external regulations and any audit requests are actioned promptly.
- The main point of contact for integrating risk management measures across the business and ensuring all relevant parties and functions are in coordination with the set operations.
- Responsible for reviewing Oil NSDA and NPA processes, carrying-out a detailed analysis that follows the set objectives and documented approaches for business activities efficiently.
- Ensuring the daily validation of physical crudes and products (physical and financial) transactions are accurately captured on time, following company practices.
- Automating and streamlining the internal system inside the Trade support & Operational risk teams and working closely with the IT department to ensure systems enhancements are implemented accordingly.
Requirements:
- A degree in Quantitative Finance, Mathematics, Physics, or other science disciplines.
- Strong level of knowledge and practical experience using VBA Programming, Matlab and Excel.
- Advanced knowledge of oil markets - physical and financial
- Experience and understanding of commodity options on physical assets including storage, swing, optimisation, optionality in physical oil terms.
- Knowledge and understanding of control processes in a trading and regulatory environment.
- Understanding of the commodities markets, in particular physical crude & products markets.
- Ability to understand and apply risk management concepts, including stress-testing, value-at-risk, liquidity adjusted VaR and scenario analysis.
- Previous experience working in an oil trading company, Risk Consulting, banking or finance sector - preferably in a senior position within Trade Control, Operational Risk or Market Risk environment.
- Strong understanding of options, mathematics and how they are priced.
- Ability to communicate ideas and findings fluently in English (written and spoken).
- Ability to work in a rapidly changing and result driven environment, with the determination to learn and show resilience.
