Job Title:

Senior Risk Officer - Natgas

Contract Type:

Time Type:

Full time

Job Description:

The Natgas Senior Risk Officer is a member of the Risk team, reporting to the Head of Risk Officers Power & Gas.

He/She will be responsible to measure, analyse, monitor the positions and P&L, challenge assumptions taken by front-office and will be in charge for delivering reports and high-quality digital tools to improve decision-making and risk management.

Main Responsibilities

• Analyze, model, and report market risk for all trading activities. Assess and monitor physical and financial trades.
• Analyze mark-to-market valuations, risk positions, basis changes, curves and volatilities and P/L results daily.
• Challenge assumptions taken by traders
• Develop and maintain risk reporting/analytics to communicate position, P/L and market risk to traders and management.
• Coordinate and review deal and price in trading system by performing deal check, price validation, curve update, and data reconciliation. Monitor timely deal capture, internal trading limits, and risk policy requirements to ensure the representativeness and integrity of transactions in the trading system.
• Provide critical thinking around risk reporting processes, quantification, and analysis of commodity exposure and forward price movements for trading activities.
• Maintain, enhance, and review risk models. Test new risk calculations, evaluate model assumptions against fundamentals, and communicate suggested modeling/valuation enhancements to achieve better valuation and risk quantification.
• Communicate effectively with Front Office, Operation, Trade Support, Finance and IT team on inputs and assumptions.
• Work closely with Traders to quantify and explain the sources of risk in their portfolios.
• Contribute to the reporting of Trading Result/ Position to Senior management. Responsible for monthly translation into accounting of trading results.
• Prepare various reports and analysis for publishing internally and to the Management Board as the case may be.
• Work closely with Back Office, Finance, Credit, Legal & Compliance, Business Unit Control to ensure best control practices, operational efficiency, and policy/limit compliance.
• Coordinate with Compliance to ensure compliance requirements are met.
• Support, identify, and assist in implement of process improvement, from system testing and implementations to desk level process.
• Identify and communicate operational risk, define risk mitigating measures and priorities.
• Month end and year end reconciliations with finance and external auditors as required.
• Back up / support for other desk’s Risk officers as the case may be.