Position Purpose and Summary
The Risk Officer role is an integral part of the risk team, responsible for delivering P&L and position analysis to Management and the Front Office.
Main Responsibilities
- Analyze, model, and report market risk for all trading activities, assessing and monitoring physical and financial trades.
- Conduct daily analysis of mark-to-market valuations, risk positions, basis changes, curves, volatilities, and P&L results.
- Manage daily production and reporting of P&L and positions/exposures from trading system(s), including P&L attribution.
- Perform daily checks and ensure trade integrity completeness between desks and trading systems.
- Coordinate and review deals and pricing in the trading system, performing deal checks, price validations, curve updates, and data reconciliations.
- Monitor timely deal capture, internal trading limits, and risk policy requirements to uphold transaction integrity in the trading system.
- Provide critical insights into risk reporting processes, quantification, and analysis of commodity exposure and forward price movements for trading activities.
- Maintain, enhance, and review risk models, testing new risk calculations and evaluating model assumptions against fundamentals.
- Communicate effectively with Front Office, Operations, Trade Support, Finance, and IT teams on inputs and assumptions.
- Contribute to the reporting of trading results and positions to senior management, ensuring accurate monthly translations into accounting.
- Prepare various reports and analyses for internal publication and for the Management Board, as necessary.
- Collaborate closely with Back Office, Finance, Credit, Legal & Compliance, and Business Unit Control to ensure optimal control practices, operational efficiency, and compliance with policies and limits.
- Coordinate with Compliance to ensure adherence to compliance requirements.
- Support, identify, and assist in the implementation of process improvements, from system testing and implementations to desk-level processes.
- Conduct month-end and year-end reconciliations with finance and external auditors as required.
- Provide backup and support for other desk Risk Officers when needed.
Education, Experience, and Skills
- University degree, preferably in Computing, Mathematics, Engineering, Economics, or Finance.
- Ideal previous exposure in a similar role within the commodity trading business, preferably at a major trading house, with a focus on crude oil.
- Curious, proactive, rigorous, and meticulous approach to work.
- Strong business analysis skills with a comprehensive understanding of risk management methodologies and valuation models.
- High proficiency in analytics tools and technologies.
- Advanced skills in Microsoft Excel and Python.
- Eagerness to learn with the ability to work independently if already experienced.
- Strong entrepreneurial spirit, with a natural curiosity and proactive mindset.
- Excellent attention to detail and a high degree of accuracy and efficiency under set deadlines.
- Fluent in English, both written and spoken; proficiency in French is a plus.
- Strong communication and organizational skills.
- Knowledge of quantitative risk analysis is a plus.
Apply online using the form below. Only applications matching the job profile will be considered.