Senior Risk Manager – Leading Oil Trading Firm

Quantitative Finance & Risk
Published
5th March 2019
Location
Dubai, United Arab Emirates
Job Type
Permanent
Salary
Competitive

Description

BSM Group are representing a client who is a newly formed oil trading business set up by a number of executives within the oil trading industry. This is a very exciting opportunity to help set up a risk function and be the first in from a risk perspective in the new business.

Responsibilities of the role:

  • Advise senior management on the key risks held across the trading portfolio.
  • Monitor, understand and quantify key risks in the  trading portfolio.
  • Interact with Traders and Fundamental analysis teams to develop a coherent and real time view across markets, independently assess the risk/reward of strategies, and advise on portfolio management.
  • Conduct and direct independent analysis on market fundamentals, external factors, and statistical relationships.
  • Produce and present high quality written reports.
  • Direct the New Business Committee process (similar to new product approval).
  • Interact with Traders and Originators to understand new business proposals (including proposals for trading new products).
  • Critically evaluate proposals and ensure that key risk elements are identified, communicated, and mitigated as necessary.
  • Coordinate with other Middle and Back office departments to facilitate the approval process.
  • Chair and minute New Business Committee meetings as required.
  • Liaise with other Middle and Back office departments to escalate and resolve emergent risk issues as appropriate.
  • Prepare ad-hoc reports at short notice for management.
  • Direct and train more junior members of the team in day to day activities (as per above).
  • Direct junior members of the team in design and building of analytical tools.

This list is not exhaustive and may include other tasks assigned by the manager and/or senior management.

Experience required for this role:

  • 5+ years of experience in risk management or trading within an Investment Bank, Hedge Fund or oil Trading firm, either as a trader or commercial risk manager. r.
  • Experience interacting directly with traders, originators and senior management.
  • Demonstrable experience in quantifying and managing risks associated with exotic and vanilla option portfolios.
  • Knowledge of risk measurement (VaR and stress testing), back-testing and statistical analysis.
  • Knowledge of oil products
  • Experience in designing and building analytical tools and/or risk measurement models

For anymore information please contact georgetrewhella@bsmgroup.com

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