Senior Risk Officer

Gunvor Group; Singapore; On-site; SGD 150,000 - 230,000; Full time

Job summary

Gunvor Group in Singapore seeks a Senior Risk Officer to lead P&L and risk analysis for the Gasoline desk, reporting to Risk Manager. You will collaborate with traders, operations, and back office to deliver reliable reporting.

You will develop risk analytics, maintain forward curves, monitor VAR, MTM, and ensure controls and accuracy across trading activities; training junior risk officers.

Qualifications

• Bachelor's degree in Finance, Economics, Business Admin, Math, or Computing.
• 5+ years in a commodity trading/risk role, preferably in a major trading house or oil/gas sector.
• Strong knowledge of derivatives, P&L, MTM, and hedging concepts.
• Proficiency with Excel; VBA, Power BI, Python or SQL advantageous.

Responsibilities

• Lead daily P&L, positions and exposure reporting from trading systems.
• Validate trades and P&L attribution; ensure accuracy of risk buckets and drivers.
• Monitor MTM of physical deals and mark-to-market accuracy.
• Develop and maintain risk reporting and analytics for traders and management.
• Mentor junior Risk Officers and coordinate with Compliance and IT.

Skills

P&L analysis

Risk analytics

Excel

VBA

Power BI

Python

SQL

ETRM

Communication

English fluency

Education

Bachelor's degree in Finance/Economics/Math/Computing

Tools

ETRM systems

Excel

VBA

Power BI

Python

SQL

Job description

Job Title

Senior Risk Officer

Contract Type

Time Type: Full time

Job Description

The Gasoline Senior Risk Officer is a member of the Risk team based in Singapore, reporting to the Risk Manager, and is responsible for leading and delivering P&L and position analysis to Management and the Front Office. The role works in close collaboration with traders, operations, trade support, accounting and back office, and is a key control function ensuring quality reporting of trading performance and risk analysis for the region.

Main Responsibilities

• Manage daily production and reporting of P&L, positions and exposures from the trading system(s); validate positions and P&L in an expedient manner and ensure accurate P&L attribution into risk buckets and P&L drivers.
• Manage daily checks and ensure the integrity and completeness of trades booked in the trading system(s).
• Daily pricing exposure reconciliation with trading and operations.
• Build and monitor in-house forward curves and check the accuracy and consistency of forward curves against market values; understand how the forward curves are constructed and assess whether the curve methodologies applied are robust.
• Check and monitor the marked to market (MTM) of physical deals entered in the ETRM/trading systems.
• Analyse mark-to-market valuations, risk positions, basis changes, curves and volatilities and P&L results daily.
• Check and reconcile futures trades between the trading systems/ETRM and clearing agents and exchanges.
• Monitor consumption of VAR against desk limits and elevate breaches to risk management; demonstrate a good understanding of the drivers of VAR applicable to the desk.
• Responsible for reviewing and resolving breaks from month end and year end reconciliations on a timely basis, and contribute to the reporting of trading results and positions to senior management.
• Develop and maintain risk reporting and analytics to communicate positions, P&L and market risk to traders and management, and follow the risk strategies of the trading desks independently.
• Review and maintain information reliability in the trading systems, including costs, and assess the reasonableness of costs entered by operations.
• Provide critical thinking around risk reporting processes, quantification and analysis of more complex commodity exposures of trading activities.
• Identify and assist in the implementation of process improvements, from system testing and implementation through to desk level processes.
• Identify and communicate operational risk, and define risk mitigating measures and priorities.
• Coordinate with Compliance to ensure compliance requirements are met.
• Prepare various reports and analysis for publishing internally and to the Management Board, as the case may be.
• Liaise closely with Front Office, Operations, Trade Support, Controlling, Credit Risk, Market Risk and IT.
• Training and mentoring of Junior Risk Officers.
• Identify control gaps, unusual trading activity and red flags and Escalate to management with proposed solutions on a timely basis.
• Back up and support other desks' Risk Officers when required.
• Ad-hoc duties as assigned by manager.

Profile

• Bachelor's degree with a major in Finance, Economics, Business Administration, Accountancy, Mathematics, Statistics, Computing or equivalent.
• Minimum 5 years (and typically more than 6 years) of relevant experience in a similar role in the commodity trading business, preferably within a major trading house, an oil major, investment bank or hedge fund.
• Strong understanding of the mechanics of derivatives (futures, swaps and options) and physical trading, including the ability to calculate positions and P&L, marked to market and hedging concepts, and the various types of trading strategies and Incoterms, specific to Gasoline desk.
• Demonstrated excellent knowledge of commodities and financial instruments, with excellent knowledge of and a strong interest in trading activities; Proficient with ETRM systems and proficiency in Microsoft Excel is a must; VBA, Power BI, Python or SQL skills are a strong advantage.
• Good knowledge of analytics tools and technologies.
• Fluent in spoken and written English; ability to speak Chinese will be a plus.
• Experience in Gasoline desk risk is preferred but strong candidate with experience with other desks will also be considered.

Other Attributes/Pre-requisites

• Curious, proactive, rigorous, meticulous, numerate and self-motivated.
• Able to work independently and yet a team player, with strong team spirit.
• Strong control awareness and mindset.
• Strong interpersonal skills and strong verbal and written communication skills.
• Organised and able to work in a fast paced and time sensitive environment.
• High degree of accuracy and efficiency under set deadlines.
• Ability to work under pressure in a dynamic environment.
• Ability to work late hours and some SG public holidays when necessary.

At Gunvor, we are always looking for talented and motivated new people who will contribute to the success and growth of our company. Every day, with their know-how, expertise and passion, our people make the difference and enable us to achieve our vision. Our global business offers a wide variety of opportunities and career paths.