Senior Risk Officer (Gasoil)

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Job Description:

The Senior Risk Officer (Gasoil) plays a key role in strengthening risk management frameworks, ensuring financial accuracy, and optimizing risk controls across trading activities. Acting as a strategic partner to trading, operations, finance, and senior leadership, you will drive enhancements in risk methodologies, market exposure monitoring, and adherence to risk limits. The role requires a strong understanding of trading risks, financial instruments, regulatory requirements, and data integrity, along with the ability to translate complex risk assessments into clear, actionable insights.

Main Responsibilities

• Analyze, model, and report market risk for all trading activities. Assess and monitor physical and financial trades. Analyze mark-to-market valuations, risk positions, basis changes, curves and volatilities and P/L results daily.

• Manage daily production and reporting of P&L, positions/exposures from trading system(s), PnL attribution

• Manage daily checks and trade integrity completeness between desks and trading system

• Develop and maintain risk reporting/analytics to communicate position, P/L and market risk to traders and management.

• Coordinate and review deal and price in trading system by performing deal check, price validation, curve update, and data reconciliation. Monitor timely deal capture, internal trading limits, and risk policy requirements to ensure the representativeness and integrity of transactions in the trading system.

• Provide critical thinking around risk reporting processes, quantification, and analysis of commodity exposure and forward price movements for trading activities.

• Maintain, enhance, and review risk models. Test new risk calculations, evaluate model assumptions against fundamentals, and communicate suggested modeling/valuation enhancements to achieve better valuation and risk quantification.

• Communicate effectively with Front Office, Operation, Trade Support, Finance and IT team on inputs and assumptions.

• Work closely with Traders to quantify and explain the sources of risk in their portfolios.

• Contribute to the reporting of Trading Result/ Position to Senior management. Responsible for monthly translation into accounting of trading results.

• Prepare various reports and analysis for publishing internally and to the Management Board as the case may be.

• Work closely with Back Office, Finance, Credit, Legal & Compliance, Business Unit Control to ensure best control practices, operational efficiency, and policy/limit compliance.

• Coordinate with Compliance to ensure compliance requirements are met.

• Support, identify, and assist in implement of process improvement, from system testing and implementations to desk level process.

• Identify and communicate operational risk, define risk mitigating measures and priorities.

• Month end and year end reconciliations with finance and external auditors as required.

• Training and mentoring of Junior Risk Officers

• Back up / support for other desk’s Risk officers when required.

Profile

• Bachelor’s or Master’s degree in Finance, Economics, Mathematics, Engineering, Risk Management, or a related field.
  Additional certifications (e.g., FRM, CFA, PRM, CAIA) are a strong plus.

• 7+ years of experience in risk management, product control, or middle office within a commodity trading, shipping, or financial services environment.

• Strong background in P&L analysis, market risk, position exposure monitoring, and risk reporting.

• Experience working with ETRM (Energy Trading & Risk Management) systems and knowledge of their front-to-back integration.

• Expertise in commodity markets (oil, gas, metals, power, or shipping) and derivatives (futures, options, swaps).

• Advanced Excel & VBA; familiarity with SQL, Python, or Power BI is an advantage.

• Strong understanding of mark-to-market (MTM) principles, risk reserves, and hedging strategies.

• Ability to analyze large datasets, identify risk trends, and provide actionable insights.

• Experience in working cross-functionally with traders, finance, IT, and senior leadership.

• Excellent communication and presentation skills, with the ability to translate complex risk data into clear strategic insights.

• Strong organizational skills, attention to detail, and the ability to work under pressure in a fast-paced trading environment.

• Leadership and people management skills.

If you think the open position you see is right for you, we encourage you to apply!

Our people make all the difference in our success.