Senior Operational Risk Analyst

Petroineos Trading Limited; Greater London; On-site; GBP 90,000 - 120,000; Full time

Benefits offered by this job

Private Medical

Dental Insurance

Life Assurance

Travel Insurance

Gym Allowance

Pension scheme

25 days annual leave

Discretionary Bonus

Job summary

Petroineos Trading Ltd in London is seeking an Senior Operational Risk Analyst to join the Risk Control team. The role focuses on developing and implementing robust operational risk frameworks across Europe, including new business assurance and control testing.

The candidate will manage risk oversight for strategic initiatives, lead RCA style investigations, and produce trader KPI reporting to improve risk visibility and compliance. Hybrid working with office presence in London is expected.

Qualifications

• Bachelor's degree or equivalent in a relevant field.
• Detailed knowledge of operational risk best practice (Basel II, COSO).
• Experience in energy trading/risk environments and controls.

Responsibilities

• Provide expert advice on operational risk to senior management.
• Develop and maintain operational risk frameworks across Europe.
• Manage New Business Assurance and risk oversight for strategic initiatives.
• Support risk agenda to meet audit/regulatory requirements.
• Design and operate Risk Control Self-Assessment and reporting to Risk Control Committee.
• Investigate incidents and extract learnings to improve controls.
• Produce monthly Trader KPI reports with risk indicators and policy compliance.
• Onboard new starters to risk policies and control requirements.
• Support IT projects with operational risk and control expertise.

Skills

Operational risk

Basel II

COSO

Energy trading

Data analysis

Communication

IT skills

ETRM systems

Education

Bachelor's degree

Tools

Endur

Symphony

Job description

Senior Operational Risk Analyst

Application Deadline: 18 September 2026

Department: Risk Control

Employment Type: Permanent - Full Time

Location: London, UK

Petroineos Trading Ltd is a trading and refining joint venture between INEOS and PetroChina International (London) Company Limited founded in 2011, with its headquarters based in London. The Operational Risk team also covers PetroChina International London and PetroChina Netherlands. The trading activity is structured around asset-driven and entrepreneurial trading teams in Oil, Refined Products, Biofuels, Gas, Power, LNG and Emissions. This is a key role to support the development and implementation of Operational Risk management across all European based PetroChina entities. The role encompasses new business setup to operational control review, monitoring and testing. We are seeking individuals who understand the risks of operating an expanding multinational commodity organisation and who possess the drive and inquisitive nature to improve the risk and control practices within it.

Key Responsibilities

• Act as a subject matter expert on Operational Risk, able to provide advice and guidance to senior management and the business on key operational risk matters
• Support the development and maintenance of the operational risk frameworks to enable identification and assessment of major operational risks across core and emerging commercial and operational activities in line with recognised best practice and standards
• Manage the New Business Assurance process and contribute to the risk oversight and control in relation to new strategic initiatives and operational capability projects
• Support the development of the operational risk agenda to meet audit, policy or external regulatory requirements
• Support the design and operation of the Risk Control Self-Assessment methodology and reporting of the output to the Risk Control Committee and parent companies
• Conduct incident investigations and extract learnings and risk insights to drive performance improvements, gain approvals and provide focus to line department plans on business process and continuous improvement activity
• Extract, validate and consolidate relevant data from source systems to produce an accurate and timely monthly Trader KPI report, providing management with clear visibility of trader performance, key risk indicators, policy compliance and areas requiring follow-up
• Introduce new starters to the Risk Policy and other company policies, ensuring they understand their roles, responsibilities and key control requirements. Provide guidance on new starter system configuration and access controls to support effective segregation of duties (SoD) and maintain an appropriate control environment
• Support IT projects by providing Operational Risk and control expertise, ensuring that new systems and technology solutions are appropriately designed, controlled and fit for purpose to support efficient and effective trading operations

Skills, Knowledge and Expertise

• Relevant Bachelors Degree, or equivalent
• A professional background within Commodities - qualifications in Risk, Accounting or Audit may provide an advantage
• Detailed working knowledge of operational risk best practice application and implementation. (e.g. Basel II, COSO)
• Detailed knowledge of operational risk and control processes and practices, including experience in their application; knowledge of Operational Rigour / Testing Frameworks and practices, as well as proven experience in design and testing of controls
• Working knowledge of the energy trading (Oil, Gas, LNG, Power etc.) and supply chain business; front-to-back office best practices;
• Working knowledge of the energy transaction lifecycle
• Experience of controls and the setting up of controls environment (e.g. Basel II, COSO)
• The successful candidate would preferably be from a commodities background with at least 6 years' experience within an energy trading and/or risk environment, including within Operational Risk or associated roles
• A background within other management and control functions i.e. Commercial Finance, Risk Management, Accounting, Audit, Internal Control, Business Change and Business Assurance, or a related Risk Consulting Practice
• Strong verbal and written communication skills; initiates communications within the team to learn and share knowledge and follows up to ensure message is received;
• Ability to communicate well with front, mid and back-office personnel as well as senior levels of management; listens attentively, seeks to understand others viewpoints, and tests for understanding; ability to communicate complex issues simply;
• Able to take and maintain an independent approach and challenge where appropriate
• Ability to balance operational risk management theory and practical best practice implementation with commercial and resource constraints
• Ability to prioritise multiple tasks to meet deadlines in a fast-paced environment
• Strong IT skills and aptitude; experience of working with large sets of data and producing reports; experience with energy trading risk management (ETRM) systems such as Endur and Symphony

Benefits

This role offers a competitive salary (commensurate with experience), plus a comprehensive benefits package, including Private Medical, Dental and Travel Insurance cover, Life Assurance, Annual Gym Allowance, Contributory Pension Scheme, 25 days annual leave, Discretionary Bonus, and more. This is a full-time position, with the successful candidate being required to attend the London office 4 days per week.