Key Responsibilities
· Analyse exposure and M2M profit and loss and VaR on physical/derivative portfolios
· Produce daily commentary for board of directors / traders to explain the change in the trading profit and loss due to market changes/ change in estimated / actual economics for each deal
· Ensure all market price risk is captured and hedge actions executed
· Construction of forward curve for physical and hedge M2M purposes with ability to explain and justify methodology used
· Assess implication of changes to future physical deliveries and report and discuss impact of hedging strategies.
· Post deal P&L review and variance analysis, analyse and investigate all trading P&L estimates
· Producing variances reports and supporting commentary
· Reconciling front and mid office systems
· Creation and maintenance of ad-hoc reports to assist in any area of position reporting / structure / hedging ( data integrity / trade entry / irregular business structures )
Knowledge, Skills and Abilities
· Degree holder with at least 3-4yrs of working in a commodities risk reporting role
· Knowledge of physical / derivative oil markets and underlying structures and instruments
· Knowledge of physical oil logistics
· Meticulous and innovative
· Strong market analysis skills
· Proficient in Microsoft Excel
· Familiar with using multiple systems
· Strong organisational skills
· Excellent communication (written & oral) skills
· Ability to work in a fast paced high pressured environment
