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Risk Control Analyst

Location
Houston, Texas
Job Type
Permanent
Posted
5 Aug 2022
About the Company and Opportunity:

Our client is an international firm that spans across the energy sector. It is involved in Exploration & Production, Refining & Chemicals, Crude Oil and Refined Products among a host of other segments.
This organization provides services to the world's major and independent oil companies.
Why work here:
Progressive firm that believes in sharing technical expertise and developing future energy professionals.
This organization strives to make sure that it is a place where everyone's perspective is valued.

Activities

As part of the Global Risk Control Organization activities involve contributing to any Risk Control process of the entities covered by the Global team:
Analyze, model, and report market risk for all trading activities. Assess and monitor physical and financial trades, transportation, storage, park and loan, and foreign exchange deals. Analyze mark-to-market valuations, risk positions, basis changes, and P/L results on a daily basis. Develop and maintain risk reporting/analytics to communicate position, P/L and market risk to traders and management.
Coordinate and review deal and price in trading system by performing deal check, price validation, curve update, and data reconciliation. Monitor timely deal capture, internal trading limits, and risk policy requirements to ensure the representativeness and integrity of transactions in the trading system.
Provide critical thinking around risk reporting processes, quantification, and analysis of commodity exposure and forward price movements for multi-products trading activities. Maintain, enhance, and review risk models. Test new risk calculations, evaluate model assumptions against fundamentals, and communicate suggested modeling/valuation enhancements to achieve better valuation and risk quantification. Communicate effectively with Front Office, Operation, back office and Finance team on inputs and assumptions
Work closely with Traders to quantify and explain the sources of risk in their portfolios.
Contribute to the reporting of Trading Result/ Position to Senior management.
Build BI reports to help the Front Office and the Management to better monitor the activity and the position by desk
Maintain/improve the existing workflows and reports developed with Alteryx, Power BI and VBA
Work closely with Back Office, Finance, Credit, Legal & Compliance, Business Unit Control to ensure best control practices, operational efficiency and policy/limit compliance.
Coordinate with Compliance to ensure compliance requirements are met
Support, identify, and assist in implement of process improvement, from system testing and implementations to desk level process.
Identify and communicate operational risk, define risk mitigating measures and priorities.

Accountabilities

Compliance with internal trading limits;
Accurate and independent analysis, valuation, and reporting of risk positions and trading results
External regulatory compliance

Context and environment

Context and environment

Fast-paced, dynamic trading environment with time-sensitive, business critical activities requiring instantaneous analyses and generation of reports.
The Risk Control Analyst is part of the Global Risk Control team involving Houston, London, and Singapore.
The Risk Control Analyst works closely with Front Office, Operations, Back Office, Finance, Compliance, and Trading System teams. The team works across locations and product types including natural gas, NGL, LPG, shale gas, LNG, power, emissions, and dry bulk products.
The Middle Office is responsible for calculating profits and losses and for managing the risks of the trading department. It is responsible for all aspects of market risk control, such as risk identification, measurement, monitoring and disclosure across various classes of energy commodity assets.
The Top Management of Gas branch follows and controls the trading activity through the Middle Office reports

Candidate profile

Qualifications/Experience required

Degree qualified in economics/finance/business/mathematics/energy/computer science engineer or quantitative discipline.
Minimum 2 years of experience in a similar type of environment.
Comprehensive understanding of risk management methodologies and valuation models.
High levels of numeracy and computer literacy.
High degree of accuracy and efficiency under set deadlines.
Strong analytical and problem solving skills.
Software development experience would be a plus
Excellent working knowledge of BI tools (PBI, Alteryx , Tableau or others) and programming languages (VBA, Python and SQL)
High levels of flexibility with regard working hours.
Good interpersonal skills
Only candidates allowed to work in the US without requiring visa sponsorship will be considered for this position

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Details

  • Job Reference: 678579756-2
  • Date Posted: 5 August 2022
  • Recruiter: Creative Financial Staffing
  • Location: Houston, Texas
  • Salary: On Application
  • Sector: I.T. & Communications
  • Job Type: Permanent