Job Description

Provide risk control oversight to ensure timely and accurate reporting of market risk exposures that are fully understood, properly evaluated and communicated to the appropriate stakeholders. This includes monitoring of transactions, mark-to-market profit and loss (P&L), exposure and Value at Risk (VaR) against authorized limits. Analyze and identify P&L and exposure drivers of various trading books encompassing a wide array of commodities and financial instruments. Evaluate, model and advise on market risk profiles and implications from the trade to portfolio level (VaR stress testing, scenario analysis, etc.), including new trading strategies and products Ensure all trading activities remain within policies and mandated exposure and risk limits; escalate appropriately if they are breached and provide guidance on actions to be taken to reduce risk if necessary. Drive continuous improvement of risk reporting and control process as well as application of digital solutions. Apply sound market risk management principles, including maintaining independence, being proactive, transparent and open to debate with front office where applicable to ensure that decisions and actions taken align with the company's risk measurement and reporting framework. Work with global Risk Control, Trading/front office and IT to identify and implement opportunities for dashboarding and visualization, automation and simplification, and enhancing insights into market risk. Drive efforts to build organizational capability by leveraging prior experience and sharing industry best practices with Risk Control. Build collaborative relationships across trading's front, middle, compliance and IT teams. Academic: Bachelors' degree in Finance, Economics, Mathematics, Statistics, Science, Engineering or equivalent work experience in a commodity trading environment; advanced degrees a plus. 5+ years of relevant experience working in financial or energy risk management with a strong understanding of commodity trading, preferably in crude, gas and refined products markets. Strong understanding of commodity risk management, including derivatives, physical markets, trading cycle and risk metrics (e.g., VaR, Stop Loss, Position Limits). Critical thinker with strong quantitative and analytical skills. Handle multiple job responsibilities, set priorities, maintain a high level of accomplishment and implement process improvements. Ability to synthesize and communicate complex risk concepts and recommendations in a clear, logical manner to traders and management. Work collaboratively in a multi-discipline team environment on system and digital projects, troubleshooting issues, and drive changes as needed. Demonstrate inclusive and collaborative work behaviors. Strong interpersonal skills, including communication, teamwork and conflict management. Work proficiently in a fast-paced, open-concept trading floor environment. Proficiency/prior experience with energy trading risk management (ETRM) software platform (e.g. SRA, Endur). Familiarity with the risks and products associated with power and emerging business of the energy transition (e.g., hydrogen, carbon credits, renewables, etc.) Proficient in risk analytics tools (e.g. SAS, Matlab, R, Algorithmics/MDAS). Advanced computer skills (e.g. high level of Excel proficiency, VBA, SQL/Python/R). Ability to design and manage data visualization tools (e.g. Power BI, Tableau).

Skills Required