Market Risk Analyst

calibr:e; Singapore; On-site; SGD 90,000 - 130,000; Full time

Job summary

calibr:e in Singapore seeks an experienced Market Risk Analyst to own the market risk framework and enhance VaR/stress testing for oil trading activities. You will collaborate with product control on valuation curves and IPV, while analyzing global trade flows and liquidity metrics.

The role requires a strong quantitative background, 5+ years in market risk within energy/commodity trading, and excellent communication with traders and senior management in a fast-paced environment.

Qualifications

• Bachelor’s Degree or above in Quantitative Finance, Economics, Statistics, Financial Engineering, or related disciplines.
• Min. 5 years of market risk or quantitative risk experience within a physical commodity trading house or energy merchant.
• Solid understanding of AG and EU market dynamics, basis risk, cross-basin arbitrage.
• Demonstrated experience with pricing curves, valuation methodologies, IPV.
• Strong Excel/VBA plus Python/SQL/R for risk modelling and data automation.
• Excellent communication in a fast-moving trading environment with traders and senior management.

Responsibilities

• Own and operate the market risk management framework, measuring P&L exposures, monitoring limits, and reporting.
• Build and enhance VaR and stress-testing framework with back-testing, validation, and scenario analysis.
• Collaborate with product control on valuation methodologies, price curve construction, IPV for oil trading.
• Conduct scenario analysis on international trade flows, AG and EU dynamics, basis risk, cross-basin arbitrage.
• Assist treasury, credit and management with liquidity risk, cash margin tracking, and counterparty credit exposure.

Skills

Excel/VBA

Python/SQL/R

Risk modelling

Data automation

Communication

Quantitative finance

Education

Bachelor’s degree in Quantitative Finance/Economics/Statistics/Financial Engineering

Tools

Excel

VBA

Job description

At calibr:e, we’re not your traditional recruiters. We don’t just fill roles—we build careers and help businesses thrive by connecting the best talents with the right opportunities.

Our team is made up of seasoned industry professionals and highly experienced headhunters, blending deep functional expertise with technical know-how. We are committed to supporting businesses efficiently and effectively, while offering candidates meaningful career advancements. At calibr:e, we’re shaping the future of recruitment by fostering innovation, collaboration, and growth.

The Opportunity

Our client is an established, global energy and commodity trading house with an extensive integrated value chain and a robust international footprint specializing in physical petroleum, fuel oils, and diversified energy products. Operating major storage, blending, and distribution facilities across key Asian markets, the company serves industrial customers and counterparties across more than 50 countries. In line with their ongoing business expansion, they are actively seeking an experienced, commercially astute risk talent to join their team as Market Risk Analyst in Singapore.

Responsibilities:

• Own and operate the market risk management framework, ensuring P&L exposures from changing market prices are robustly measured, monitored against limits, and reported.
• Build, calibrate, and enhance the Value-at-Risk (VaR) and stress-testing framework, conducting regular back-testing, validation, and portfolio scenario analysis.
• Collaborate closely with product control to establish valuation methodologies, price curve construction, and Independent Price Verification (IPV) for oil trading activities.
• Conduct scenario analysis on international trade flows, evaluating regional dynamics such as the Arabian Gulf (AG) and European markets, basis risk, and cross-basin arbitrage.
• Assist treasury, credit, and management teams with liquidity risk monitoring, cash margin tracking, and counterparty credit exposure metrics.

*responsibilities are truncated and non-exhaustive.

Requirements:

• Bachelor’s Degree or above in Quantitative Finance, Economics, Statistics, Financial Engineering, or other related disciplines
• Min. 5 years of market risk or quantitative risk experience within a physical commodity trading house, major oil company (NOC/IOC), or energy merchant (with exposure to refined oil products)
• Solid understanding of international trade flows, specifically covering AG and EU market dynamics, basis risk, and cross-basin arbitrage
• Demonstrated experience working alongside product control or middle office on pricing curve construction, valuation methodologies, and Independent Price Verification (IPV)
• Strong quantitative background with advanced proficiency in Excel/VBA, alongside working knowledge of Python, SQL, or R for risk modelling and data automation
• Exceptional communication skills with the ability to operate in an early-stage, fast-moving trading environment, working shoulder-to-shoulder with physical traders and senior management ("no service centre" mindset)

Due to high volume of applications received, only shortlisted candidates will be contacted. We will keep candidates not shortlisted for future suitable opportunities.

calibr:e (23S1731) is proud to represent an equal opportunity employer committed to fostering diversity and inclusion. Our client celebrates unique perspectives and dedicates to creating an inclusive environment where all employees are empowered to thrive. Join a company where differences are valued, and every individual has the opportunity to contribute meaningfully.