Risk Manager

The purpose of the role would be to manage and control the market risk and exposures for the international Prax Business entities, situated in Houston, Singapore, Germany, South Africa and London. It would involve having an excellent understanding of all the different the Business units and their activities, identifying and monitoring the various risks involved within each department within the business and challenging the various business units on their respective positions.

This is a key role in supporting the London based Global Head of Risk in controlling and reporting risk within the trading business unit. The job holder will be involved in the improvement and/or development of risk measurement methodologies, processes and procedures whilst having close daily interaction with the front office and business units regionally and globally.

Principal Responsibilities

• Liaising closely with traders, commercial teams and other trading functions ensuring new business transactions and risks are recorded appropriately in a timely and accurately manner within the Company's risk system


• Reconcile, manage and report positions, exposures and P&L across all international business functions on daily basis and follow up with relevant parties should there be any discrepancies. The international entities include offices in Houston, Germany, South Africa, London and Singapore


• Develop and evolve the trade management and processes within the CTRM system as Company's requirements change.


• Working with Accounting to support reconciliation between Trading P&L and Accounts


• Work in partnership with Business Analysts to continually enhance functionality of the CTRM system


• Ensure market prices, forward curves and other key valuation metrics are accurate and updated daily


• Maintain and share strong knowledge of trading portfolios and keep abreast of developments in the oil markets and any other areas of interest.


• Quantitatively analyse new deals and identify embedded risks using simulation-based modelling, scenario analysis and other methods.


• Ad Hoc projects as required to support the Risk team and other parts of the business
  
  Degree qualification in Finance, Mathematics, Accounting or similar., Highly organised, good attention to detail and ability to work with tight deadlines


• An understanding of Market Risk techniques


• Strong computing skills, including advanced working knowledge of Excel and VBA


• Proactive and result oriented approach to work


Knowledge & Experience

• Previous experience as a Market Risk Analyst with exposure to CRTM systems


• Demonstrable market risk experience on physical commodities (approx. 5 years) gained within an energy/oil company, utility or trading house.


• Knowledge of the UK Downstream preferred.