Risk Analyst

Academy of Health Education of Victoria (AHEV); London; On-site; GBP 40,000 - 80,000; Full time

Job summary

An innovative company in the energy sector is seeking a Risk Analyst to join their dynamic team in London. This exciting role involves collaborating with trading teams to ensure accurate exposure and profit and loss reporting. The successful candidate will have the opportunity to enhance risk monitoring tools and develop skills in risk management strategies. With a commitment to employee growth and a supportive culture, this position offers a chance to make a significant impact in a forward-thinking organization. If you are ready to fuel your career and contribute to a team dedicated to improving lives, this is the perfect opportunity for you.

Qualifications

• Experience in commodity trading and derivatives is advantageous.
• Strong analytical skills for complex data interpretation.

Responsibilities

• Monitor deal life cycles and ensure accurate exposure reporting.
• Build relationships with trading and operations teams.
• Automate tasks for improved reporting efficiency.

Skills

Commodity trading knowledge

MS Excel

Mathematical analysis

Teamwork

SAP knowledge

Education

Legal right to work in the UK

Tools

SAP

Excel

Job description

Phillips 66 & YOU - Together we can fuel the future

Phillips 66 has been operating in the UK for over 65 years and we are as excited about our future as we are proud of our past. We are committed to improving lives, and that is our promise to our employees and communities. We are sustained by the backgrounds and experiences of our diverse teams, which reflect who we are, the environment we create and how we work together.

Our company is built on values of safety, honour and commitment. We call our cultural mindset Our Energy in Action, which we define through four simple, intuitive behaviors: We work for the greater good, create an environment of trust, seek different perspectives and achieve excellence.

Our employees are the heart of our success, and there is a reason why we continue to attract great talent and it’s not just the excellent benefits package, or the opportunities for personal growth, it’s also the caring and committed culture of the organisation that makes everyone feel like they can bring their authentic self to work and be truly part of our team.

Providing Energy. Improving Lives.

Basic Function:
Phillips 66 EAME Commercial group is actively involved in the trading of crude oils and refined products in the UK and Europe as well as a range of paper derivative products such as swaps, futures and options. The Risk Analyst (RA) will be expected to work closely with the trading teams and other RAs on the desk to develop an understanding of the portfolios managed by the traders, and to ensure that exposure and daily mark-to-market reporting are accurate, timely and informative. This key role is aimed at supporting the control activities on each desk including calculating an independent view of exposure and supporting daily profit and loss generation when required, and will provide the Risk Analyst with a detailed understanding of the businesses undertaken by EAME Commercial. The role should also provide an opportunity to learn and develop skills in the identification, assessment and implementation of risk management techniques and strategies. It will also include assisting with finessing processes associated with SAP, the Risk system of record, to ensure smooth and efficient daily processing.

Primary Accountabilities/Responsibilities:

1. Understanding the deal life cycle and keeping track of deals through systems to ensure the accuracy of exposure, VaR and P&L reporting.
2. Building strong relationships with the trading and operations teams and developing the role into a recognised advisory resource for the business.
3. Enhancing risk monitoring and evaluation tools for the physical business.
4. Leverage knowledge gained to deliver value-add analyses to the business.
5. Ensure timely and accurate reporting of exposure from first principles data and profit and loss from systems of record.
6. Ensure accurate base data in system of record including prices and volumes of trade.
7. Liaise closely with traders, operators, finance and other RAs to ensure smooth transitions between back/middle and front offices.
8. Seek to automate manual tasks and seek process improvements to allow earlier production of daily information and improved reconciliations to earnings.

Critical Skills/Leadership Criteria:

1. Hold the legal right to live and work in the UK on a permanent basis without restrictions, or meet the relevant criteria for employer sponsorship.
2. Knowledge and experience of commodity trading including swaps and other derivative products would be an advantage.
3. Excellent spreadsheet capability in MS Excel.
4. Strong mathematical skills particularly in terms of analysis of complex data to be able to draw clear and accurate solutions.
5. Team-working: ability to work in a dynamic small team and be able to provide cover for the other team members.
6. Knowledge of SAP would be advantageous.

We are on an exciting journey, are you ready to join us?

To be considered:

In order to be considered for this position you must complete the entire application process, which includes answering all prescreening questions and providing your eSignature on or before the requisition closing date of 31st December 2024.

Phillips 66 is an Equal Opportunity Employer