Crude Risk Manager | Trading
1 month ago
A key Optimus client is seeking a Risk Analyst or Risk Manager (from Senior Analyst to Manager level) to take on leadership responsibilities while managing hands-on risk for crude trading. As the team lead for 3 junior risk analysts, you will be responsible for mentoring and guiding the team while overseeing day-to-day risk activities.
Key Responsibilities
- Manage and mentor a team of 3 junior risk analysts; provide training and career development opportunities.
- Oversee the calculation and reporting of daily P&L, exposure, VAR, and drawdown for crude and refined oil trading portfolios.
- Reconcile broker/clearer invoices and deal confirmations, ensuring data integrity in risk models and systems.
- Collaborate with traders and management to provide risk analysis, including hedging strategies, physical pricing, and market interpretation.
- Oversee the development and implementation of risk management models and processes for crude and refined products.
- Analyze market positions, using advanced modeling techniques to calculate Value-at-Risk (VAR) and other risk metrics.
- Participate in the strategic development of the risk management function, contributing to the company’s overall growth and goals.
Key Qualifications
- Minimum of 5 years’ experience in a middle office or risk management role in the energy trading sector, with a focus on crude and refined oil markets.
- Proven experience in risk management, including calculating P&L, exposure, and VAR for large trading portfolios.
- Expertise in physical pricing strategies, hedging mechanisms, and refinery economics (e.g., crack spreads, time spreads).
- Strong knowledge of US domestic oil markets, with a focus on crude and refined products.
- Experience in speculative trading, physical delivery, and futures contracts.
- Advanced proficiency in MS Excel, VBA, and SQL for data analysis and reporting.
- Experience with ETRM systems, preferably in energy trading environments.
If you are ready to take on this leadership role in a growing trading company apply today
Per our client's specifications, candidates are required to be US Citizens, Green Card holders, or independently authorized to work in the US . We are unable to provide visa sponsorship at this time.
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