Job Description

INPEX ENERGY TRADING SINGAPORE PTE LTD(hereinafter "IETS") is a crude oil and LNG trading company in Singapore that focuses on the sale of crude oil and LNG produced by the INPEX Group. The company h INPEX ENERGY TRADING SINGAPORE PTE LTD(hereinafter 'IETS') is a crude oil and LNG trading company in Singapore that focuses on the sale of crude oil and LNG produced by the INPEX Group. The company has been increasing the trade volume of crude oil and LNG and derivative and is now looking for Risk Management Manager to be stationed in Singapore. KINDLY SEND US A COMPLETE CV WITH A COVER LETTER STATING YOUR WORK HISTORY, CURRENT & EXPECTED SALARY, NOTICE PERIOD AND AVAILABILITY . Paying attention to meticulous details is important in any career field. Incomplete CV lacking above-captioned information will be rejected. Position: Risk Management Manager/Risk Manager Reporting To: Executive Director Singapore in IETS (and reporting risk management matters to relating team in HQ in Japan) Position Objective . Physical and hedge derivative transaction monitoring and book-keeping . Management of profit and loss (P&L) and market risk . Reconciliation of hedge derivative (future) position and margin call from financial institution. . Credit Risk management . Compliance management to relevant internal rules . Trading system (Energy Trading Risk Management, hereinafter 'ETRM') management and enhancement, IETS uses ENTRADE. . Management of Middle Office and enhancement of Middle Office functions . Works closely with IETS Trading (both Crude and LNG), Operation, Finance & Administration team and relating team in HQ for developing strong working relationship with them effectively communicating both in English and in Japanese. . Develop strong working and reliable relationships with the Management team to build and enhance the sustainability and resilience in IETS, effectively communicating both in English and in Japanese Managerial Duties & Responsibilities 1. Improving the whole of primary duties responsibilities of Risk Office function 2. Verify that the executed derivative transactions are consistent with those scheduled in the monthly Hedge Plan 3. Verify that executed derivative transactions reduce the risk of physical price exposure (i.e. effectiveness of the hedging) 4. Verify that details of the deals entered into ENTRADE by Front Office are consistent with the position slip (Statement) sent by the financial institutions, 5. Confirm that margin balance calculated by ENTRADE and Margin Management Excel is consistent with the margin balance in the position slip (Statement) sent by the financial institution. 6. Keep tracking of the cumulative annual profit and loss (P&L) of all physical and hedge derivative transactions executed by IETS daily. 7. Conduct the Annual Trading Loss Limit management by liaising with the concerned parties closely and taking necessary actions, in order to prevent the cumulative annual trading loss from exceeding the limit stipulated in the Annual Plan for Derivative Transactions. 8. Keep tracking quarterly deviation of accounting P&L between physical and hedge derivatives (P&L Deviation) daily. 9. Conduct the P&L Deviation Limit management by liaising with the concerned parties closely and taking necessary actions in order to prevent P&L Deviation from exceeding the relevant limits stipulated in the Annual Plan for Derivative Transactions. 10. Report above 2 to 9 to the concerned parties daily and monthly. 11. To compile prices from various sources and build daily price settlement a forward curves for uploading to ENTRADE. 12. Attend the necessary meeting with Trading (both Crude and LNG), Operation and Finance & Administration team in IETS and concerned team in HQ effectively communicating both in English and in Japanese 13. Analyse financial condition and market reputation of the customer timely for adequate credit limit and condition setting. 14. Monitor that up-to-date and potential credit exposure of each customer is within approved credit limit. 15. Report credit exposure and balance to concerned party regularly. 16. Check that credit collateral (i.e. Documentary / Standby Letter of Credit and Parent Company Guarantee) from customers is in a form / conditions acceptable to IETS and in a possession timely. 17. Paving the way to build and enhance the Middle Office function and capability in IETS 18. Perform any other duties as assigned by the Company from time to time. REQUIREMENTS . Degree holder from top-rated world universities or equivalent (i.e. MOM's List of acceptable institutions) . At least 6 consecutive years working experiences in crude oil trading company, and/or LNG trading company including at least 1-2years professional experience BOTH as risk management control officer AND as physical crude oil trader. . In-depth knowledge of crude oil sales contracts, LNG sales contracts, operation contracts and risk management in such contracts . Familiarity with ETRM is a must , good command of ENTRADE is preferred. . Experience in physical crude oil sales for the projects in the U.S. and Russia for FOB/CFR sales and handling customers especially in Japan and South Korea . Professional experience handling Upstream contract is a must. Crude oil trading experience with Russian and Korean market exposure is an added advantage . Practical experience in crude oil export FOB/CFR shipping operation including STS and pipeline transportation operation for projects located in the U.S., Russia, Kazakhstan, Azerbaijan or west Africa . Experience in LNG upstream project and LNG sales in the U.S. Australia and or another major LNG producing countries. . High level proficiency in Japanese (minimum JLPT N1) is a must to be able to understand written document (legal, contractual) and write extensive report in Japanese the candidate must be able to conduct technical presentation in Japanese to non-English speaking stakeholders and/or attend confidential meetings with our senior management in Japan without help of interpreter. Record/updating the database related to the transactions is also in English and Japanese . Effective communication skills with counterparts in HQ and stakeholders . Superb command of English to conduct business without need of translator/interpreter to liaise English speaking counterparts and stakeholders as English is primary language in the industry . Meticulous and pay attention to details to execute the duties Only shortlisted candidates satisfying the requirements will be notified.