Sep 27, 2018
||Senior Risk Analyst Gas Trading
||Competitive and in line with experience
||Normal office hours, flexibility expected
||As soon as possible
AOT ENERGY trades in oil and energy products worldwide. In support of our trading activities the Group operates, controls and/or owns processing and storage facilities, pipeline capacities, vessels, barges and railcars. Our main resources are people and financial capabilities thanks to strong support from our shareholders and banks. While energy markets are highly volatile and require short-term actions, we adopt a long-term perspective to business and strongly believe in strategic partnerships.
Our strategy targets deeper market integration by controlling logistical assets and distribution networks in order to enhance the Group’s trading activities. We achieve this goal through acquisitions, lease commitments and strategic partnerships, securing supply, processing, storage, blending, transportation and distribution.
The organization is structured globally and trades out of a great number of locations. With regards to Oil Products trading the main offices are the Zug (Switzerland) in Europe, Singapore in the East, Calgary in Canada and our US locations in Houston. We trade gas in Calgary, Zug and via our Warsaw office.
You will have to report on our Zug activities related to Gas. The Risk Analyst is responsible for preparing and analyzing daily profit and loss for commodity trading desks, including the monitoring of positions. The analyst will gain an understanding of the types of transactions and strategies used by the trading desk to understand the risks within the trade book and ensure that deals and their profit and exposures are accurately represented. The individual will be responsible for ensuring the mark-to-market, position reports provided to management and traders are timely and accurate. This position provides key analytical and trading support to the global organization. This position is a primary link between the various trading locations.
Report and explain profit movements, mark-to-market, positions and Risk Values on a daily basis for trading desks with reference to prices, correlations and position changes.
Understand key price indices used by the desk and the construction of forward curves. Maintain and evaluate quantitative market data including price series from brokers, 3rd parties and trader assessments, volatilities, correlations and volumes.
Understand trading account structure and exposures and profit generated by the transaction types in the book. Provide monthly analysis of the gains & losses resulting from trading strategies employed by the desk.
Provide ad hoc analysis for queries relating to impact of new deals, P&L, positions and/or risk values using trading info and systems. Develop suitable exposure measurement and reporting methodologies for new product and structured contract offerings. Ensure forward parcels are appropriately valued and provide input into monthly financial close processes and annual disclosure requirements. Serve as backup analyst for other books and be available for short-term projects.
– In depth assessment of risk, including VaR concentration detection
– Understand and decompose structured transaction into the singular risk components and report on those separately
– Provide risk associated decision making arguments for the management
Liaise with other Risk Analysts globally to ensure consistency of approach, particularly across similar trading books.
Ensure activities are carried out in compliance with external regulation and Financial Reporting requirements, mandates and policies.
The nature of the work requires an individual with strong analytical skills, acute attention to detail, an inquisitive mind, and a desire to understand exactly how money is made in Trading. The incumbent must be highly self-motivated and have strong communication skills and an outgoing and confident personality allowing them to interact with (and challenge) the traders effectively on a daily basis.
Strong Excel skills, VBA / Macro skills are important and MATLAB knowledge would be a distinct advantage. Familiarity with Trading systems is advantageous, but specific skills can be taught on the job. A significant amount of the workload is time sensitive therefore strong organizational and time management skills are important.
– Degree in mathematics, economics, engineering, business/commerce or a related field
– Relevant Energy industry experience preferred, with background in derivatives trading or physical crude/products/gas/power
– Understanding of energy, derivative markets and market Risk Management fundamentals
– Knowledge of Value at Risk measures
– Understanding of Fair Value and Derivative recognition concepts
– Ability to multi-task with a high level of attention to detail and accuracy
– Ability to perform under rigid deadlines
– Advanced working knowledge of Excel
– MATLAB knowledge preferable
– Experience using Risk Management systems
– Strong interpersonal and communication skills and an ability to build and maintain positive stakeholder relationships
– Self motivated individual who functions well in a team environment
– Bachelor’s Degree or higher
– 5 – 7 years’ experience in a gas or power trading company