Position Purpose and Summary
The Risk Officer role is a vital part of the risk team, responsible for delivering profit and loss (PnL) and position analysis to Management and the Front Office.
Main Responsibilities
- Analyze, model, and report market risk for all trading activities.
- Assess and monitor physical and financial trades.
- Analyze mark-to-market valuations, risk positions, basis changes, curves, volatilities, and P&L results on a daily basis.
- Manage the daily production and reporting of P&L and positions/exposures from trading systems, including P&L attribution.
- Conduct daily checks to ensure trade integrity and 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 compliance with risk policies to ensure the integrity of transactions within the trading system.
- Engage in critical thinking regarding risk reporting processes, quantification, and analysis of commodity exposure and forward price movements related to trading activities.
- Maintain, enhance, and review risk models; test new risk calculations, evaluate model assumptions against fundamentals, and communicate suggested enhancements for improved valuation and risk quantification.
- Effectively communicate with Front Office, Operations, Trade Support, Finance, and IT teams regarding inputs and assumptions.
- Contribute to the reporting of Trading Results/Positions to senior management and oversee the monthly translation of trading results into accounting.
- Prepare various reports and analyses for internal publishing and for the Management Board as needed.
- Collaborate with Back Office, Finance, Credit, Legal & Compliance, and Business Unit Control to ensure robust control practices, operational efficiency, and policy compliance.
- Coordinate with Compliance to ensure all compliance requirements are met.
- Support, identify, and assist in implementing process improvements, including system testing and desk-level processes.
- Conduct month-end and year-end reconciliations with Finance and external auditors as required.
- Provide backup and support for other desks’ Risk Officers as needed.
Education, Experience, and Skills
- University degree, preferably in Computing, Mathematics, Engineering, Economics, or Finance.
- Preferred previous experience in a similar role within the commodity trading business, particularly with exposure to crude oil.
- Curious, proactive, rigorous, and meticulous nature.
- Demonstrated business analysis skills.
- Comprehensive understanding of risk management methodologies and valuation models.
- Strong knowledge of analytical tools and technologies.
- Proficiency in Microsoft Excel and Python.
- Eagerness to learn and ability to work with limited supervision (for experienced candidates).
- Strong entrepreneurial spirit and innate curiosity.
- Excellent attention to detail, with a rigorous and meticulous approach.
- Strong interpersonal skills.
- High degree of accuracy and efficiency under tight 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 a plus.
To express your interest, please apply online using the form below. Only applications matching the job profile will be considered.