Market risk management and risk capital allocation; credit risk analysis and management; responsible for creation, update and enforcement of risk policies; Assist in usage of hedging instruments such as forwards, futures, swaps, options, etc. The company takes risk management as a very important part of its business culture and repulation. Effective risk management is reflected by the clear allocation of roles and responsibilities amongst the head office in Beijing, the Board of Directors, the traders, the risk managers, and the financial managers.

• Support Market risk management and risk capital allocation

For market risk management, with the repid growth of physical trades, we are involved in the trading of multiple types of derivatives to hedge, including cracks, spread, flat price etc. in Singapore OTC market, and futures in exchanges such as ICE and DME. The company has detailed paper operation and risk management procedures, and all the paper trades are operated and confirmed by risk managers to ensure risk control and compliance. The risk manager is responsible for compliance of hedging activities as well as related limits and policies, both internal and external; keeping clear communication with the trading team to accurately maintain booking whilst analyzing daily P&L, exposure and other key risk indicators leveraging quantitative method; proposing and participating in negotiation of documentation terms (Clearing broker agreement, ISDA, etc.); formulating and optimizing the risk management framework of hedging activities.

• Support Credit risk analysis and management

For credit risk management, we use credit limits to manage and control counterparty risk. We work together with risk managers in head office closely to set the credit limits. The company obtains and renews the key information of the counterparties annually/from time to time and report the information to the head office. The head office uses Sinochem\'s credit model to calculate the counterparties\' credit rate and score, and decides the credit limit according to the rate, score, trade history and other considerations. The risk manager monitors the credit limit utilization every day, and asks counterparties for collaterals when the limit is breached. Currently, most of our counterparties are oil majors, famous trading houses, big refineries and investment bank with good reputation and credit history. The company also uses credit insurance when necessary and is now trying to introduce more credit risk transfer and mitigation tools.

• Interdepartmental and International Interactions

Within the scope of responsibilities, directly receive and implement the instructions of the overseas headquarter, and provide market intelligence report to the Beijing head office regularly, directly communicate and cooperate with the front, middle and back offices of the company and of other compines in the group. Respond to local or overseas regulatory bodies on the relevant business within the scope of responsibility when required; directly communicate with domestic and foreign customers, counterparts and consulting companies.

Job requirements

• Master degree, preferably in finance, risk management

• Solid command in written and sopken English and Mandarin Chinese

• At least 3 years of professional experience of risk management, with at least 1 year of experience in risk management of commodity trading

• Good knowledge of enegry market, and trading and pricing of related derivatives, including but not limited to energy derivative products, MtM, exchanges, and relevant regulation mechanism in both Singapore and China, especially regulation by the SASAC (State-owned Assets Supervision and Administration Commission of the State Council)

• Thorough understanding of international trade sanctions, in particular, US and EU sanctions on specific oil-producing countries, bank, oil companies, and shippers.

• Thorough understanding of internal control management of China state-owned enterprises.

• Hands-on experience in handing tools of risk management, including Energy trading risk management \xef\xbc\x88ETRM\xef\xbc\x89 system and Master data management (MDM) system.