Senior Risk Officer

Centalion; Singapore; On-site; SGD 120,000 - 170,000; Full time

Job summary

Centralion in Singapore seeks a Senior Risk Officer to lead P&L and position analysis for the Gasoline desk. You will collaborate with Traders, Operations, Trade Support, and back-office to ensure high-integrity risk reporting for management.

Ideal candidates have 5+ years in commodity risk, strong derivatives knowledge, and advanced Excel/VBA with exposure to ETRM systems. This role requires precise analytics and timely risk communication.

Qualifications

• The candidate should have a bachelor's degree in Finance or related field and at least 5 years in commodity risk or trading environments.
• Experience with derivatives, pricing, P&L, MTM and risk reporting for gasoline or physical trading is preferred.
• Strong analytical, numerical, and communication skills; fluency in English.

Responsibilities

• Lead daily P&L and position reporting from trading systems and validate P&L attribution.
• Ensure accuracy of trades, positions and MTM; perform risk analysis and reporting to management.
• Develop risk reporting and analytics; monitor VAR against desk limits and drive improvements.
• Coordinate with Front Office, Compliance, Operations and IT; mentor junior staff.

Skills

Derivatives knowledge

P&L analysis

Risk reporting

Excel proficiency

Python/SQL

Communication with Front Office

Education

Bachelor’s degree in Finance/ Economics/ Mathematics

Tools

ETRM systems

Excel

VBA

Power BI

Python/SQL

Job description

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.

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.

Job Title

Senior Risk Officer

Contract Type

Full time

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 elevate to management with proposed solution on a timely basis
• Back up and support other desks’ Risk Officers when required
• Ad-hoc duties as assigned by manager

Profile

The Individual Should Have The Following

• 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

Our people make all the difference in our success.