Senior Risk Manager – Energy & Commodity Trading

PNX PETROLEUM SINGAPORE PTE. LTD.; Orchard (NE); On-site; USD 150,000 - 230,000; Full time

Job summary

PNX PETROLEUM SINGAPORE PTE. LTD. is seeking an experienced Senior Risk Manager to oversee its risk management framework supporting physical oil and commodity trading.

You will work with trading, operations, finance and management to identify, monitor and manage market, credit, counterparty and operational risks from trading activities. Responsibilities include monitoring MTM, VaR, hedging, reporting, and developing policies while providing independent oversight to the trading desk in a

Qualifications

• Master’s degree in Finance, Economics, Accounting, Business, Engineering or a related discipline.
• 8+ years of relevant oil/energy/commodity trading risk management experience.
• Strong understanding of physical oil and commodity trading, pricing mechanisms and commodity derivatives.
• Knowledge of commodity swaps, futures and hedging instruments.
• Understanding of market, credit, counterparty risks and trading controls.
• Hands-on experience with MTM, exposure monitoring, VaR, stress testing and risk limits.
• Strong analytical and numerical skills.
• Excellent communication with traders and senior management.
• Independent, fast-paced trading environment.

Responsibilities

• Oversee risk exposures from physical oil trading and derivatives.
• Review daily positions, market exposures, MTM, P&L and limits.
• Monitor hedging activities using swaps, futures and derivatives.
• Develop and maintain risk policies, controls and reporting.
• Perform VaR, stress testing and scenario analysis.
• Monitor counterparty and credit exposures and collateral terms.
• Review new transactions for risk and identify key risks.
• Collaborate with traders to understand positions and exposures.
• Provide independent risk oversight and challenge to trading desk.
• Prepare regular risk reports for management highlighting exposures.
• Support management with risk-related queries from banks/auditors.
• Continuously improve risk systems and internal controls.

Skills

Risk management

Oil trading

Market risk

Credit risk

VaR

Stress testing

MTM

Data analysis

Excel

Programming basics

Education

Master's degree in Finance or related

Tools

Risk reporting software

Job description

We are seeking an experienced Senior Risk Manager to oversee and strengthen the risk management framework supporting the Company’s physical oil and commodity trading activities.

The successful candidate will work closely with the trading, operations, finance and management teams to identify, monitor and manage market, credit, counterparty and operational risks arising from the Company’s trading activities.

Key Responsibilities

• Oversee and monitor risk exposures arising from physical oil and commodity trading activities and related derivative positions.
• Review daily trading positions, market exposures, mark-to-market (MTM), profit and loss and trading limits.
• Monitor hedging activities involving commodity swaps, futures and other derivatives against underlying physical exposures.
• Develop, maintain and enhance the Company’s risk management policies, controls and reporting framework.
• Perform risk analysis including Value-at-Risk (VaR), stress testing and scenario analysis.
• Monitor counterparty and credit exposures, including payment terms, credit limits, outstanding receivables and collateral or security arrangements where applicable.
• Review new transactions and trading structures from a risk perspective and identify key market, credit and commercial risks.
• Work closely with traders to understand physical and derivative positions and ensure exposures are appropriately identified, monitored and managed.
• Provide independent risk oversight and challenge to the trading desk where appropriate.
• Prepare regular risk reports and provide management with clear analysis of key exposures, concentration risks and emerging risk issues.
• Support management in responding to risk-related queries from banks, auditors and other stakeholders.
• Continuously review and enhance risk systems, processes and internal controls in line with the development and growth of the Company’s trading activities.

Requirements

• Master’s degree in Finance, Economics, Accounting, Business, Engineering or a relate discipline.
• Minimum 8 years of relevant experience, preferably in oil, energy or commodity trading risk management.
• Strong understanding of physical oil and commodity trading, pricing mechanisms and commodity derivatives.
• Strong knowledge of commodity swaps, futures and other hedging instruments.
• Strong understanding of market risk, credit risk, counterparty risk and trading controls.
• Hands-on experience with MTM, exposure monitoring, VaR, stress testing and risk limit frameworks.
• Strong analytical and numerical skills with the ability to understand complex physical and derivative trading positions.
• Strong communication skills and ability to work effectively with traders, senior management, finance, operations and other stakeholders.
• Able to work independently and exercise sound judgement in a fast‑paced trading environment.
• Experience in petroleum products such as crude oil, fuel oil, gasoil, gasoline, naphtha and LPG would be advantageous.
• Strong knowledge of excel and other programming languages needed to develop and improve monitoring and reporting tools.