Risk Manager, Oil Trading

Dubai, United Arab Emirates

Job Description

Position: Risk Manager, Oil Trading. Roles & Responsibilities: Control of Market Risks: Collect daily pricing data and maintain database, generate price curve. Verify trades independently with traders/brokers/exchange statements. Monitor Company\'s physical pricing exposure, hedging requirement and hedging execution. Maintain timely and accurate trade records for good bookkeeping. Generate daily MTM report for both physical and paper transactions. Monitor all trading limits and VaR. Initiate, implement, and refine risk management policies adequate for the company\xe2\x80\x99s trading profile Control of Credit and Compliance Risk: Assist the Management with customers KYC and registration. Monitor credit exposure with counterparties. Maintain and update records for ISDA/CSA/Financing lines with financial institutes. Calculate margin requirement, optimize the distribution of cash margins and minimize transaction costs. Communicate with Exchanges and Brokers to ensure compliance with all related rules and regulations. Requirements Majored in mathematics, engineering, accounting, or programming skills. Have minimum 2 years\xe2\x80\x99 working experience on physical pricing management and paper bookkeeping, preferably in an oil company with interaction with physical traders. Familiar with trading platforms such as ICE, CQG, ATP and TT, very familiar with Excel. Familiar with price reporting agency, such as Platts, Argus and RIM. Good knowledge on oil derivatives such as futures, options, swaps, cracks and FFA. Reasonable knowledge on physical oil operations. A team player who can work independently. An easy-going and calm character. Job Type: Full-time Salary: AED25,000.00 - AED30,000.00 per month Ability to commute/relocate:
  • Dubai: Reliably commute or planning to relocate before starting work (Required)

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Job Detail

  • Job Id
    JD1595463
  • Industry
    Not mentioned
  • Total Positions
    1
  • Job Type:
    Full Time
  • Salary:
    Not mentioned
  • Employment Status
    Permanent
  • Job Location
    Dubai, United Arab Emirates
  • Education
    Not mentioned