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Risk Manager

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Prax

1mo ago

  • Job
    Full-time
    Senior Level
  • London

AI generated summary

  • You need a finance-related degree, market risk knowledge, 5 years' commodity experience, strong Excel/VBA skills, and familiarity with CRTM systems.
  • You will record trades, reconcile positions, manage P&L, enhance CTRM functionality, ensure accurate market data, analyze risks, and support the team with various projects.

Requirements

  • Degree qualification in Finance, Mathematics, Accounting or similar.
  • Highly organised, good attention to detail and ability to work with tight deadlines
  • An understanding of Market Risk techniques
  • Strong computing skills, including advanced working knowledge of Excel and VBA
  • Proactive and result oriented approach to work
  • Previous experience as a Market Risk Analyst with exposure to CRTM systems
  • Demonstrable market risk experience on physical commodities (approx. 5 years) gained within an energy/oil company, utility or trading house.
  • Knowledge of the UK Downstream preferred.

Responsibilities

  • Liaising closely with traders, commercial teams and other trading functions ensuring new business transactions and risks are recorded appropriately in a timely and accurately manner within the Company’s risk system
  • Reconcile, manage and report positions, exposures and P&L across all international business functions on daily basis and follow up with relevant parties should there be any discrepancies. The international entities include offices in Houston, Germany, South Africa, London and Singapore
  • Develop and evolve the trade management and processes within the CTRM system as Company’s requirements change.
  • Working with Accounting to support reconciliation between Trading P&L and Accounts
  • Work in partnership with Business Analysts to continually enhance functionality of the CTRM system
  • Ensure market prices, forward curves and other key valuation metrics are accurate and updated daily
  • Maintain and share strong knowledge of trading portfolios and keep abreast of developments in the oil markets and any other areas of interest.
  • Quantitatively analyse new deals and identify embedded risks using simulation-based modelling, scenario analysis and other methods.
  • Ad Hoc projects as required to support the Risk team and other parts of the business

FAQs

What is the location for the Risk Manager position?

The Risk Manager position is based in Marble Arch, London and is office-based.

What are the primary responsibilities of the Risk Manager?

The primary responsibilities include liaising with traders and commercial teams, reconciling and reporting positions, managing P&L, developing trade management processes within the CTRM system, and conducting quantitative analysis of new deals.

What qualifications are required for the Risk Manager role?

A degree qualification in Finance, Mathematics, Accounting, or a similar field is required.

What type of experience is preferred for candidates applying for this position?

Candidates should have approximately 5 years of demonstrable market risk experience with physical commodities, gained within an energy/oil company, utility, or trading house.

Are there specific skills that the Risk Manager should possess?

Yes, the Risk Manager should have strong computing skills, including advanced working knowledge of Excel and VBA, as well as an understanding of Market Risk techniques.

Will the Risk Manager need to interact with international teams?

Yes, the Risk Manager will be involved in managing and controlling market risks across international business entities located in Houston, Singapore, Germany, South Africa, and London.

Is knowledge of the UK Downstream market preferred for this role?

Yes, knowledge of the UK Downstream market is preferred for candidates applying for the Risk Manager position.

What is the nature of the work environment for this role?

The work environment for this role is collaborative and requires close daily interaction with the front office and various business units regionally and globally.

Are there opportunities for professional development in this role?

Yes, the role involves improvement and development of risk measurement methodologies and processes, offering opportunities for professional development.

Is proficiency in simulation-based modeling and scenario analysis necessary for this role?

Yes, the Risk Manager should be able to quantitatively analyze new deals and identify embedded risks using simulation-based modeling and scenario analysis.

Prax

We are a global integrated energy conglomerate dealing in crude oil, petroleum products & bio-fuels.

Energy
Industry
1001-5000
Employees
1999
Founded Year

Mission & Purpose

The Prax Group is a British multinational independent refining, storage, distribution and sales conglomerate dealing in crude oil, petroleum products and bio-fuels, headquartered in London. Our ability to deliver innovative customer solutions across the world has secured our reputation as a leading presence in the global oil market. Our mission is to conduct business responsibly, placing excellence, integrity and philanthropy at the heart of everything we do. Our success has been achieved through our entrepreneurial spirit, dynamic team and lean structure. We are driven, forward thinking and passionate about our products, with a perpetual quest for quality performance across the board.