Risk Analyst

Key Responsibilities

. Analyse exposure and M2M profit and loss and VaR on physical/derivative portfolios.

. Produce daily commentary for board of directors / traders to explain the change in the trading profit and loss due to market changes/ change in estimated / actual economics for each deal.

. Ensure all market price risk is captured and hedge actions executed.

. Construction of forward curve for physical and hedge M2M purposes with ability to explain and justify methodology used.

. Assess implication of changes to future physical deliveries and report and discuss impact of hedging strategies.

. Post deal P&L review and variance analysis, analyse and investigate all trading P&L estimates.

. Producing variances reports and supporting commentary.

. Reconciling front and mid office systems.

. Creation and maintenance of ad-hoc reports to assist in any area of position reporting / structure / hedging (data integrity / trade entry / irregular business structures)

Knowledge, Skills and Abilities

. Degree (Masters) holder with at least 5yrs of working in a bulk commodities risk reporting role, specifically with Iron Ore experience.

. Knowledge of physical / derivative iron ore markets and underlying structures and instruments.

. Must have in-depth knowledge of the pricing mechanism of Iron Ore markers (particularly Asia), including Option (derivatives) trading strategies and calculations.

. Knowledge of physical iron ore logistics.

. Meticulous and innovative.

. Strong market analysis skills.

. Proficient in Microsoft Excel.

. Familiar with using multiple systems.

. Strong organizational skills.

. Excellent communication (written & oral) skills.

. Ability to work in a fast paced high pressured environment.