Our client is a renowned and global commodity MNC. This role is a 1 yr fixed term role with good medical benefits and leave day entitlement extended to the candidate. There may be a chance that a strong candidate can be considered for a permanent role (but this is not guaranteed).
You are part of the Risk, Governance and Compliance function within the Marketing Finance team. In this role, you will provide management with transparency into the financial exposure, the profit/loss results and risks being run in the different commodity trading and marketing portfolios.
Your role is to produce the daily, weekly and monthly risk reports, and monitor the front office team’s compliance with the Company’s appropriate governance frameworks and limits. You will be responsible for the risk reporting for the Iron Ore, Copper and Shipping books based in Singapore. For this role, you will report to a senior risk reporting manager and work closely with the traders/ marketing managers and the commercial finance team. You will also work with the system development consultants (e.g. Aspect) and the external auditors.
TYPICAL TASKS
• Generate (daily, weekly and monthly for senior management reporting) risk reports for the different business using the risk systems.
•Monitor compliance of Front Office activities with the Marketing Risk Policy and escalate breaches of limits to the Marketing Risk Committee.
•Assist on the improvement of the Shipping Risk and P&L Reporting process
•Assist in the rolling out and UAT of Aspect system for Iron Ore Brazil and Copper physical and financial trades
•Input into the financial reports as necessary, e.g. derivative position P&Ls
CAPABILITY REQUIRED TO DO THE ROLE
- Min 3 years or more market risk or risk Control experience in a commodity/ energy trading environment, which should include:
-Knowledge of commodities markets
-P&L reporting
-Exposure reporting
-Value at Risk (VaR) reporting
-Risk modelling experience in Excel/Access using VBA etc.
- In-depth knowledge of the calculations behind P&L and exposure calculations for both physical and financial commodity trades
- Ability to build/review/amend Excel/VBA models, generate data warehouse queries in SQL. SQL experience is very useful (but not a must)
- Exposure to the ASPECT system is very useful (but not a must)
- Possess technical knowledge on commodity, risk management etc.
- A passion for commodities, curiosity and a willingness to challenge
- Excellent communication skills and ability to communicate with multiple stakeholders across a global organisation
- Proven ability to prioritise and work effectively to meet deadlines
- Good collaboration skills especially with internal and external peers
- Open to committing to a 1 year fixed term/contract role
