Commercial Risk Analyst

Petroineos Trading Limited; Greater London; On-site; GBP 80,000 - 100,000; Full time

Job summary

A leading trading firm in Greater London is seeking a Commercial Risk Analyst to join their key team focused on Oil products. This role entails daily position and P&L reporting, supporting traders and risk management, and ensuring compliance with trading limits. Ideal candidates will have experience in Oil trading and risk roles, strong analytical skills, and provide insights on performance and strategies. The position offers a competitive salary and an attractive benefits package including bonus incentives.

Benefits

Competitive salary

Discretionary bonuses

Private medical insurance

Travel insurance

Dental insurance

Gym reimbursement scheme

10% contributory pension scheme

25 days yearly holiday allowance

Responsibilities

• Responsible for daily position and P&L reporting for selected commodity trading team.
• Monitor traders' exposures and adherence to risk limits.
• Perform daily hedge process as required.
• Daily interaction with relevant trading desks for business risk management.
• Provide regular commentary on book performance and strategy.
• Ensure hedging is carried out correctly each day.
• Provide management information and analysis as required.
• Responsible for quarterly controls and input into financial close processes.
• Support wider team by utilising cross cover capabilities.

Skills

Experience in Oil products in a risk or front office role

Experience in Physical Oil Trading

Understanding of P&L attribution and valuation

Knowledge of standard Risk measurement tools e.g. VAR

Good communication skills

Analytical and detail-oriented mindset

Ability to independently challenge decisions

Strong teamwork skills

Education

Strong educational background or relevant work experience

Job description

Commercial Risk Analyst

Application Deadline: 30 January 2026

Department: Risk Control

Employment Type: Permanent - Full Time

Location: London, UK

Description

We are hiring for an Analyst within our key Commercial Risk team, with a focus on our Oil products. This role offer exposure to all parts of the business. From partnering the front office, to various parts of the middle and back office e.g. Risk, Finance, Credit, IT and more.

The team provides a key function to the business, supporting the management and monitoring of the company's Risk exposures and valuations. This requires a broad experienced knowledge base, from understanding market movements and trading strategies across various commodities, to helping to maintain and improve ETRM applications. The role requires deep insight into commodities trading and risk management; physical/paper exposure management, FX exposure, VaR, P&L valuation.

The role can expand with time to bring exposure to other commodities, such as Crude, Biofuels, Refining, Gas and Power.

Key Responsibilities

• Responsible for the daily position and P&L reporting for selected commodity trading team, providing commentary on key value generators and changes. Attributing and communicating 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.
• Provide regular commentary on book performance and strategy, showing clear understanding and control to a variety of audiences.
• Review trading books are within Trading Delegations of Authority, and to ensure the hedging is carried out correctly each day, including hedging of trading FX exposure.
• Provide management information and analysis as required and to proactively seek 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 utilising cross cover capabilities for other team members and to support overall team flexibility.

Skills, Knowledge and Expertise

• Proven experience in Oil products in a risk or front office role.
• Experience in Physical Oil Trading
• Understanding of P&L attribution and valuation
• Understand standard Risk measurement tools e.g. VAR
• Commercially aware with proven ability to provide input to new business initiatives and models.
• Good communication skills, ability to interact with a variety of people. Analytical and detailed oriented mindset
• Able to take, and maintain, an independent approach and challenge where appropriate.
• Team player
• Strong educational background or work experience

Benefits

The role offers a competitive salary commensurate with experience, as well as the opportunity to be awarded discretionary bonuses based on performance and a comprehensive benefits package including private medical insurance, travel insurance and dental insurance, gym reimbursement scheme, 10% contributory pension scheme, and 25 day yearly holiday allowance.