Reporting to the Head of Risk Management the candidate will have the following
Key accountabilities
- Execution of all derivative hedging for the physical trading desk
- Development of hedging strategies to mitigate (physical) price risk exposure
- Provide guidance on which indexes to use for optimum correlation in heading strategy between physical and derivatives agreements
- Perform correlation and regression market analysis
- Cash impact models of commodity hedging strategies including Mark to market, maintenance margins, etc.
- Innovate price risk management tools to enhance and improve costs and margins
- Support price forecasting capabilities within the Commercial Team
- Analyze economic markets; identify and manage prices risks and opportunities
- Trade capture and review of derivatives and physical trades
- Controlling and balancing of strategies
- Prepare deal exception report identifying booking issues, flag non-standard deals
- Liaison with commercial brokers to analyze, research or explain position and P&L details
- Daily reconciliation with front office/traders' daily exposure and P&L reports
- Cross check P&L sent by traders ? confirm or adjust
- Review and leverage ETRM system capabilities for analysis and reporting of positions
- Defining forward curve methodologies for the accurate mark to market and fair value reporting
- Make sure paper trading position are entered in timely manner in ETRM
- Make sure broker commissions are within the limit defined by the group/management
Requirements
- 8-10 years of experience gathered in an oil trading company
- An accounting qualification would be desirable. A degree or higher education would be expected
- Positive and solution focused attitude with a clear goal-based approach to problem solving
- High level of attention to detail
- Proficiency in Microsoft Office and relevant oil risk management tools
- Good communication and negotiation skills
- Ability to perform under difficult and challenging circumstances
- Proven ability to take initiative, work independently and adapt to change
- Fluent in English, the knowledge of both Italian and French will be considered as a plus
The economic proposal will be commensurate with the selected candidate's expertise.
