Market Risk Specialist

vor 2 Wochen

Genf, Schweiz ADNOC Group Vollzeit

ADNOC Global Trading LTD (“AGT”) seeks an ambitious, motivated Specialist, Market Risk (AGT Europe) to join its Middle Office team in Geneva, Switzerland.

AGT

Incorporated in the Abu Dhabi Global Market, Abu Dhabi’s international financial centre, AGT commenced commercial operations in December 2020. It is owned by ADNOC (65%), Eni (20%) and OMV (15%). Headquartered in Abu Dhabi, it has ambitious plans for global growth. AGT has already established a subsidiary in Singapore which commenced operations this year and expects to open in Europe and the US in the near future.

AGT’s business is focused on the physical trading of crude oil, condensate, liquid feedstock and refined oil products, risk management activities (including hedging), shipping and chartering, storage and management of inventories, the trading of oil-related derivatives and other ancillary activities.

JOB PURPOSE

ADNOC Global Trading's (AGT) Market Risk Senior Specialist is to support the Middle Office Manager and VP Market Risk (Abu Dhabi) to ensure all trading desks' relevant market risk factors are identified and captured in the risk systems.

KEY ACCOUNTABILITIES:

General

  • Support the management and direction of the Middle Office.
  • Work with trading desks to ensure that all relevant market risk factors are properly identified and formally captured in official risk systems. Collaborate closely with Traders to quantify and explain the sources of risk in their portfolios.
  • Produce required daily market risk reports. Analyze, understand, and comment on the variations of different risk indicators on a daily basis, providing insights on main P&L and risk evolutions as well as any noticeable events regularly.
  • Support initiatives for the development and maintenance of the Organizational Risk Appetite framework and assist in maintaining an appropriate autonomous market risk limits framework with applicable triggers.
  • Monitor business compliance with the firm’s market risk-related policies.
  • Oversee risk exposure measurement and limit monitoring processes to ensure integrity and appropriate independence of reporting.
  • Participate in the development of business-level stress testing that properly considers risk concentrations; review results and assess appropriate follow-up actions.
  • Participate in the ongoing development, implementation, and upgrade of risk systems including VaR, limit monitoring systems, stress systems, etc.
  • Validate the accuracy of daily flash P&L and coordinate with relevant stakeholders to rectify any errors/outliers.
  • Manage day-to-day issues and queries from internal/external parties with escalations as necessary.
  • Consolidate ‘Day Changes’ & Exposure reports generated from various trading centers for various commodities being traded.

Interfaces

  • Contribute to the reporting of Trading Results/Position to senior management. Work closely with Back Office, Finance, Credit, Legal & Compliance, and Business Unit Control to ensure best control practices, operational efficiency, and policy/limit compliance.
  • Coordinate with stakeholders and Compliance for timely reporting of incidents and their resolution.
  • Assist Manager with integrated reporting & projects in consolidating positions and exposure across desks & portfolio.
  • Work with finance and accounting teams to ensure timely accounting releases and reconciliations between views.
  • Support the implementation of business continuity readiness initiatives.

QUALIFICATIONS, EXPERIENCE, KNOWLEDGE & SKILLS:

Minimum Qualification

Bachelor’s degree in business, Science, Engineering, or Finance.

Minimum Experience & Knowledge & Skills

  • 3+ years’ experience in Risk Management within a Middle Office.
  • Experience in building and using models.
  • Industry knowledge - supply/demand fundamentals of the physical market, product grades and quality specs, refining systems, transportation and pipeline infrastructure, competitors, marine operations, third-party system parameters, standard terms and conditions of contracts, and knowledge of the global energy business, refinery economics/drivers.
  • Commodities trading knowledge - understand trading strategies, basic knowledge of trading fundamentals, global markets, arbitrage, market climate, and keep up to date with international events and geo-political climate.
  • Risk knowledge - risk management methodologies including stress testing and VaR measurement, risk analysis techniques, and proficiency in fundamental credit analysis with an emphasis on financial statements and current trends impacting business issues.
  • Financial knowledge - hedging/speculative/price forecasting instruments, such as derivatives, futures, options, OTC swaps, and various credit instruments; economic evaluation and analysis; understands concepts such as NPV, value creation, and option value.
  • Experience with Openlink/Endur ETRM and Power BI systems.
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