Job Description
The Heavy Pool Risk Officer position is an integral part of our risk team, responsible for providing profit and loss (P&L) and position analysis to management and the front office. This role reports directly to the Risk Manager.
Main Responsibilities
- Analyze, model, and report on market risk for all trading activities.
- Assess and monitor both physical and financial trades.
- Conduct daily analyses of mark-to-market valuations, risk positions, basis changes, curves, volatilities, and P&L results.
- Oversee the daily production and reporting of P&L, positions, and exposures from trading systems, along with P&L attribution.
- Execute daily checks to ensure trade integrity and completeness between desks and trading systems.
- Develop and maintain risk reporting and analytics to effectively communicate position, P&L, and market risk to traders and management.
- Coordinate and review deals and pricing in the trading system by performing deal checks, price validation, curve updates, and data reconciliation.
- Monitor timely deal capture, internal trading limits, and compliance with risk policies to uphold transaction integrity within the trading system.
- Provide critical insights into risk reporting processes, quantification, and analysis of commodity exposure and forward price movements.
- Maintain, enhance, and review risk models; test new risk calculations, evaluate model assumptions, and suggest modeling/valuation improvements.
- Communicate effectively with front office, operations, trade support, finance, and IT teams regarding inputs and assumptions.
- Collaborate closely with traders to quantify and elucidate the sources of risk in their portfolios.
- Contribute to the reporting of trading results and positions to senior management, ensuring monthly translations of trading outcomes into accounting.
- Prepare various reports and analyses for internal and Management Board publication as required.
- Work closely with back office, finance, credit, legal & compliance, and business unit control to ensure best practices and operational efficiency.
- Coordinate with compliance to ensure adherence to all requirements.
- Identify and communicate operational risks, while defining mitigation measures and priorities.
- Conduct month-end and year-end reconciliations with finance and external auditors as necessary.
- Provide backup and support to other desk risk officers when needed.
Profile
- University degree, preferably in Computing, Mathematics, Engineering, Economics, or Finance.
- A minimum of 4 years' experience in a similar role within the commodity trading sector, preferably at a major trading house, oil major, investment bank, or hedge fund.
- Curious, proactive, rigorous, and meticulous in approach.
- Demonstrated business analysis skills.
- Comprehensive understanding of risk management methodologies and valuation models.
- High knowledge of analytics tools and technologies.
- Proficiency in Microsoft Excel and Python.
- Willingness to learn and ability to work independently (for experienced candidates).
- A strong entrepreneurial spirit, naturally curious, and proactive.
- Excellent attention to detail; rigorous and meticulous.
- Strong interpersonal skills.
- A high degree of accuracy and efficiency under deadlines.
- Fluency in English, both written and spoken; proficiency in French is a plus.
- Strong communication and organizational skills.
- Knowledge of quantitative risk analysis is an advantage.
Application Process
To apply for this position, please apply online using the form below. Only applications matching the job profile will be considered.