About the Company

This company engages in the exploration, production, transportation, and sale of crude oil and natural gas. It operates through the following segments: Upstream, Downstream, and Corporate. The Upstream segment includes crude oil, natural gas and natural gas liquids exploration, field development, and production. The Downstream segment focuses on refining, logistics, power generation, and the marketing of crude oil, petroleum and petrochemical products, and related services to international and domestic customers. The Corporate segment offers supporting services including human resources, finance, and information technology. The company was founded on May 29, 1933 and is headquartered in Dhahran, Saudi Arabia.

Job Summary

The Interest rate and FX specialist (Market risk) is responsible for analysis, monitoring, and hedging of these market risks within the Group. Additionally, experience with commodity risk hedging will be preferred. The candidate will assess market risk exposures, perform quantitative and qualitative analysis on positions and risks of the respective portfolios, and report the findings to risk management and to key areas of the Company. The specialist will interface with various internal departments, including compliance, finance, operations, and the trading desk, and also with other subsidiaries and joint ventures of the group.

Responsibilities:

• Analyze and quantify interest rate, foreign exchange (FX), and commodity risk exposure of the group and propose hedging strategies to mitigate those risks.
• Understand and report on the market risk dynamics of the specific portfolio, including key drivers impacting prices, volatility, and values, and assess their prospective impact on the risks and earnings of the portfolio.
• Ensure accurate and consistent definition and updates of volatilities, market prices, forward curves, correlations, and other key valuation components.
• Assist in the setup, configuration, and implementation of market risk hedging and related risk analytic systems.
• Ensure that new business transactions and related risks are appropriately defined and captured by the Company\'s risk systems and methodologies.
• Analyze risks and returns related to new business and markets, and collaborate with the business functions to ensure that constituent market risks are understood, aligned with risk appetite, correctly reported, and appropriately hedged.
• Monitor positions against market risk metrics and limits, and collaborate with the business functions and risk control to address potential limit exceedances.

Requirements:

• Bachelor\'s degree in Finance, Economics, Mathematics, Engineering, or a related field. An MBA or other advanced business degree is preferred.
• Strong preference for a professional certification such as CFA, FRM, or PRM.
• Minimum of 10-12 years of experience in financial markets risk management in a corporate or bank environment.
• Experience in the development, implementation, application, and oversight of financial markets risk models, hedging alternatives, pricing, and hedge execution strategies.
• Prior experience and knowledge of trading concepts, derivative instruments, ISDA agreements, hedge accounting, and operations.
• Advanced proficiency with Excel.
• Ability to mentor and coach junior analysts in developing their analytical skills and reporting capabilities.

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