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.
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.