Job Summary
Assist the Head of Risk Management in implementing and enhancing the company's Risk Management Framework, driving systematic risk assessment, monitoring, and reporting to safeguard trading activities and support strategic decision-making.
Responsibilities
- Collaborate with the Head of Risk Management to implement and refine the company's Risk Management Framework, ensuring standardized policies, procedures, and methodologies align with the company's risk philosophy
- Assess risks and establish appropriate limits for new trading activities, evaluating material gaps in valuation and risk measurement of existing transactions
- Conduct regular reviews of established limits, adjusting them based on current trading strategies and ensuring compliance with trading and control policies
- Monitor trading books daily by computing, analyzing, and reporting exposures to ensure they remain within approved limits, communicating effectively with front and back office teams to maintain data accuracy and completeness
- Analyze market conditions continuously to identify and mitigate potential risk events impacting the company
- Perform monthly closing tasks for assigned books, providing profit and loss analysis and supporting the preparation of reports for the Risk Management Committee
- Execute back testing, scenario testing, and stress testing periodically or as needed, recommending mitigating controls for new business activities and maintaining the integrity of transactional data, system settings, and VaR models within the risk system
- Provide value-added analysis to management and trading teams on sources of value, key risks, and scenario outcomes
- Compile and disseminate daily mark-to-market prices and relevant data, managing End-of-Day operations in the CXL system
- Prepare weekly market information reports through compilation, analysis, and communication to relevant stakeholders
- Oversee the hedging business for assigned accounts, reviewing and monitoring hedging strategies, evaluating effectiveness, verifying hedging ratio calculations, and ensuring compliance with reporting and inspection requirements
- Manage trading counterparties credit limits and credit insurance by collecting market information, deactivating high-risk counterparties timely, reducing redundant credit limits, and securing favorable credit insurance coverage
- Administer credit management for LC issuing banks and paper broker lists, ensuring risk exposure is controlled and mitigated
Required competencies and certifications
- Bachelor's Degree in Business, Economics, Finance, or other numerical discipline or equivalent
- Minimum 10 years of relevant experience, including at least 5 years in a similar risk management capacity
- High IT literacy to enable quantification, measurement, and reporting of trading risks and exposures
- Demonstrated competencies in:
- - Energy Commodities Trading Industry and External Market understanding
- - Regulatory Compliance and Assurance
- - Market Risk Management
- - Quantitative and Analytical Skills
- Strong collaboration skills to work effectively with external vendors and internal teams across Trading, Risk Management, Operations, Finance, and IT departments
- Strong business acumen combined with excellent organizational, communication, and interpersonal skills
