Job Description

Job Title: Risk Officer

Contract Type: Permanent

Time Type: Full time

:

Risk Officer, Singapore

Summary of Company

Gunvor Group is one of the world\xe2\x80\x99s largest independent commodities trading houses by turnover, creating logistics solutions that safely and efficiently move physical energy from where it is sourced and stored to where it is demanded most. With strategic investments in industrial infrastructure\xe2\x80\x94refineries, pipelines, storage, and terminals\xe2\x80\x94Gunvor further generates sustainable value across the global supply chain for its customers. Gunvor, founded in 2000, generated US $135 billion in revenues on volumes of 240 million MT in 2021. The company remains on track to meet its goal of cutting Scope 1 and 2 emissions 40% by 2025.

Gunvor has more than 1,500 employees and it maintains offices in Singapore, Amsterdam, Beijing, Dubai, Geneva, Houston, London, Shanghai, and Tallinn with new offices planned in strategically relevant markets.

Overview of Role

The Risk Officer is part of the Risk team based in Singapore reporting to the Regional Head of Risk Office, APAC and will work in close collaboration with traders, operations, trade support, accounting and back office. This role is a key control function ensuring quality reporting of trading performance and risk analysis for the region.

Main Responsibilities

• Daily trading P&L validation and reporting to traders and management. This includes analysis of the key drivers of P&L and reconciliation against trader\'s estimates and market fundamentals
• Daily exposure reconciliation with traders
• Liaise and coordinate daily with operations for logistical impact on risk exposure and P&L/costs
• Daily reconciliation of listed derivative contracts between exchange statements and in-house ETRM systems
• Daily validation of trade economics of physical trades done against trade recaps
• Ensure curves are reasonably marked by comparing against broker quotes/reliable external sources
• Check marked to market curves applied to physical deal valuation daily
• Allocate hedges in strategies, as the case may be
• Monitor daily VAR consumption against VAR limits and report breaches to Head of Risk, Asia Pacific on a timely basis.
• Responsible for reviewing, investigation and resolution of month end breaks between in-house ETRM system trading results and accounting.
• Responsible for setting up new curves/calendar set up and onboarding new products to be traded in-house ETRM system for risk management and P&L generation
• Will be expected to participate and contribute to any system and process migration projects relating to Risk function
• Perform cross coverage within Risk team
• Identify and implement ways to streamline existing processes such as automation
• Provide risk analytics for management reporting
• Ad-hoc duties as assigned by manager

Profile

The individual should have the following:

• Minimum Bachelor\'s degree with a major in, Accountancy, Business Administration, Business Analytics, Data Science, Economics, Finance, Mathematics. Polytechnic or diploma holder qualifications with relevant experience will be considered.
• Minimum 2 or more years\xe2\x80\x99 work experience in the trading/commodities houses as Risk Officer (or equivalent) for both derivatives and physical trades.
• Fluent in spoken and written English and Chinese
• Strong Excel is a must.
• Strong preference for Excel VBA, Python or Power Query/BI skills.

Other Attributes/Pre-requisites

• Self-motivated and able to work independently and yet a team player
• Strong verbal and written communication skills
• Strong control mindset
• Numerate, meticulous, rigorous, proactive, analytical and resilient
• Ability to work under pressure in dynamic environment
• Ability to work late hours and some SG public holidays when necessary

If you think the open position you see is right for you, we encourage you to apply!

Our people make all the difference in our success.

Gunvor Group