Commodity Risk Specialist

21 hours ago


London, Greater London, United Kingdom Petroineos Trading Limited Full time
Job Title: Commercial Risk Analyst

Petroineos Trading Limited is seeking an experienced Risk Management Analyst to join its Commercial Risk team, focusing on oil products. This role offers exposure to various aspects of the business, including partnering with the front office and collaborating with middle and back office teams such as Risk, Finance, Credit, IT, and more.

The Commercial Risk team plays a crucial function in supporting management and monitoring the company's risk exposures and valuations. To be successful in this role, you will require a broad knowledge base, encompassing market movements, trading strategies across various commodities, and maintaining/improving ETRM applications.

This role can expand over time to include other commodities, such as Crude, Biofuels, Refining, Gas & Power.

Key Responsibilities:
  • Provide daily position and P&L reporting for selected commodity trading teams, offering commentary on key value generators and changes, and attributing and communicating P&L in a meaningful way.
  • Monitor traders' exposures and adherence to Delegation of Authorities and risk limits.
  • Perform daily hedge process as required.
  • Daily interaction with relevant trading desks and other front/middle office departments to support business risk management requirements.
  • Offer regular commentary on book performance and strategy, demonstrating clear understanding and control to various audiences.
  • Review trading books to ensure they are within trading Delegations of Authority and that hedging is carried out correctly each day, including hedging of trading FX exposure.
  • Provide management information and analysis as required, proactively seeking to provide business beneficial commercial analysis.
  • Responsible for weekly/monthly/quarterly controls and input into financial close processes as required for designated business area.
  • Support the wider team by utilizing cross-cover capabilities for other team members and contribute to overall team flexibility.
Requirements:
  • Proven experience in oil products in a risk or front office role.
  • Understanding of P&L attribution and valuation.
  • Familiarity with standard risk measurement tools (e.g., VAR).
  • Commercial awareness with proven ability to provide input to new business initiatives and models.
Salary:

An estimated salary for this role is £60,000 - £80,000 per annum.



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