Marker Risk Manager - Physical Commodities

  • 110000 - 160000
  • Singapore Singapore Singapore SG
  • Permanent, Full time
  • T+O+M , EA Licence No: R1105397
  • 16 May 18 2018-05-16

My client, a leading commodity trading institution with offices in Singapore are currently looking for a Market Risk Manager to help lead a team of Risk analysts

This is a stable team with experienced members but no natural leaders, you will work closely with the country head on a daily basis to  working exposure with the Senior Manager and strong developmental opportunities in the role

Key Responsibilites experience 

  • 8+ years experience in Market Risk Management, ideally within a physical commodities trading firm
  • Reporting to the Country Head in Singapore. Duties and Responsibilities include:
  • Trade capture & reconciliation of physical oil and paper trades (Futures, Swaps, Options).
  • Daily position exposure monitoring and reporting to traders, highlighting exposure concentration and hedging requirements.
  • Daily interaction with Operations staff on various aspects of physical oil logistics, quality and costs.
  • Liaising with Financial Control team on accounting matters or trade / cost capture in accordance with company
  • guidelines and generally accepted accounting principles.
  • Execute and manage hedging programs for traders with brokers (internal / external).
  • Daily Profit & Loss computation & validating this against market movements or other costs / revenues.
  • Daily & Monthly Profit & Loss and working capital movement analysis and explanatory commentary.
  • Daily capture and accrual of secondary costs/revenues and periodic reviews of book accrual status.
  • Tracking of physical trade movements and notifications and update the relevant trades in the system.
  • Ad-hoc trader support and analysis – research and analysis on market structure, spreads, price movements, cargo
  • movements, P&L investigations and explanations, etc.
  • Review global position & VAR reports to ensure the desk exposure is reflected correctly in the desk and division VAR reporting.

KEY COMPETENCIES/ SKILL SETS

  • Risk management requires analytical, control-focused, organised, diligent individuals, which exhibits a strong work ethic and taking initiative.
  • Good communication skills imperative, for liaising with both internal and external parties.
  • Able to understand and pick up quickly new working practices and execute tasks with a high degree of accuracy,
  • quickly and calmly, whilst under pressure.
  • Technology & systems: High degree of proficiency in excel required, with Oil trading, position exposure concepts and
  • system knowledge preferred.

 

EDUCATION AND EXPERIENCE REQUIREMENTS

 

 

Masters or 1st level degree in Business / Economics / Finance & Accounting / Mathematics degrees or equivalent with strong mathematical inclination.

Excellent communication skills

Solid Excel VBA skills.