Trade Control and Risk Manager

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Compensation Grade
ONS-USD-34
Who We Are
INEOS Group
INEOS is a global chemical, manufacturing, and energy company. It comprises of 36 businesses, spanning across 194 sites and 29 countries, employing 26,000 people worldwide. Our core values include excellence in safety, health and environmental performance; Encouragement of innovation, entrepreneurship and reward for achievement and empowering employees to create real value.
Job Title
Trade Control and Risk Manager
Location
Houston
This role reports to the Director of Risk of INEOS Energy Trading Ltd based in London.
The Trade Control Manager is responsible for the control and reporting functions with the Houston team for INEOS Energy Trading businesses globally (Europe and US currently) with management information measuring procurement, hedging performance and development, and involved in delivery of a full suite of trading risk controls measures (market, credit, and cash risk) against agreed benchmarks. He/she is responsible for adherence to well defined trade controls within a strict framework of delegated authorities. He/she is responsible for ensuring data integrity and systems (Allegro/Horizon/FEA) for all existing and developing exposure management and entrepreneurial trading activities based in Houston.
Responsibilities AND Accountabilities

• Ensure the trading control environment is robust, policies are adhered to and resources / skill sets are appropriate.
• Lead and/or support systems for the control function with respect to exposure management and MI systems.
• Manage trade control systems where we use Allegro/Horizon/FEA
• Ensure paper trading activity is settled promptly and make sure profits are allocated to correct profit centres
• Supervise daily/weekly/monthly trading exposure and daily profit & loss reporting. Supervise KPI calculation and ensure reporting deadlines are met.
• Work with Finance to ensure reconciliation of management information to financial accounts is completed and issues are addressed.
• Set up new exposure management or entrepreneurial trading books as required by the business.
• Support new business activities and ensure trade control and risk aspects are covered in the assurance process.
• Provide risk analysis in assessing new trading strategies, trading limits, neutral stocks and other business assessment of risk.
• Provide Mid Office leadership in the Houston office (amongst traders, business development, finance, schedulers etc)
• Act as the focal point between office functions

Skills & Knowledge Required
Education/Experience

• Financial or STEM qualification.
• Proven track record in a trading control/risk
• Previous team leader experience is preferable.

Technical Skills

• Understanding of the oil/gas commodities trading industry, markets, products, and exchanges.
• Understand energy industry in the USA.
• Previous exposure to trading risk management, control and assurance.
• Understanding of accounts and accounting procedures (accrual and mark to market).

Behavioral Skills

• Ability to challenge sensitive issues constructively whilst maintaining strong working relationships.
• Represent control functions in a new team
• Maintain close contact with international team and manager
• Proactively identify and communicate potential issues with the appropriate teams or stakeholders.
• Make sure problems raised are followed up and worked on until completion.
• Be versatile and enjoy working within a team environment.
• High energy levels and a hands-on approach.
• Highly driven, determined & hard working - able to deliver against tight deadlines.
• Excellent people skills to interact with external and internal contacts both at executive level and a technical level.
• Excellent verbal, written and presentation communication skills.