Commercial Risk Analyst – Oil Trading

Richard James Recruitment; Greater London; On-site; GBP 55,000 - 80,000; Full time

Job summary

A leading recruitment firm is seeking an experienced Commercial Risk Analyst to work with the Oil Products trading team in Central London. The successful candidate will be responsible for daily reporting, exposure monitoring, and supporting risk management. A degree in Business or a related field and proven experience in Oil Products is required. Strong analytical and communication skills are essential for success in this role.

Qualifications

• Degree level education, preferably in Business or related fields.
• Proven experience in Oil Products within a risk or front office role.
• Deep understanding of P&L attribution and valuation.

Responsibilities

• Responsible for daily position and P&L reporting for selected commodity trading teams.
• Monitor traders’ exposures and adherence to risk limits.
• Perform daily hedge process as required.

Skills

P&L attribution and valuation

Oil Products experience

Analytical mindset

Good communication skills

Commercial awareness

Education

Degree in Business/Finance/Banking/Mathematics/Statistics/Engineering

Job description

Our client is a trader of Commodity and Energy products including, Gas, Power, LNG and Oil, based in Central London. They offer a unique chance to work within a growing and diversifying business, with a strong commercial appetite.

We are looking for an experienced analyst to join our clients Commercial Risk team, with a focus on supporting the Oil Products trading team. However, the role can expand with time to bring exposure to other commodities, such as Crude, Biofuels, Refining, Gas & Power.

This Trading Floor based role offers 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.

The role requires a broad 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.

As the Commercial Risk Analyst, you will be :

• Responsible for the daily position and P&L reporting for selected commodity trading teams, providing commentary on key value generators and changes and attributing and communicating P&L 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 to ensure they are within trading Delegations of Authority and that hedging is carried out correctly each day, including hedging of trading FX exposure
• Provide management information and analysis as required and 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 support overall team flexibility

EDUCATION, SKILLS & EXPERIENCE REQUIRED :

• Degree level education, preferably in Business / Finance / Banking / Mathematics / Statistics / Engineering or with appropriate working experience.
• Proven experience in Oil Products in a risk or front office role.
• Deep understanding of P&L attribution and valuation
• 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
• Experience of managing or supporting significant business growth
• Able to take, and maintain, an independent approach and challenge where appropriate.