Company:
Professional Alternatives
Location: Houston
Closing Date: 01/11/2024
Salary: £100 - £125 Per Annum
Hours: Full Time
Type: Permanent
Job Requirements / Description
Gas Risk Control Analyst
Global Risk Management
Houston, TX
Hybrid Work Schedule
Role Accountabilities:
- Overall role is responsible for calculating profits and losses and managing trading risks, including
- risk identification
- measurement
- monitoring, and
- disclosure across various energy commodity assets.
- Specific role accountabilities will be to:
- Analyze, model, and report market risk for all trading activities.
- Assess and monitor physical and financial trades, transportation, storage, park and loan, and foreign exchange deals.
- Analyze mark-to-market valuations, risk positions, basis changes, and P/L results on a daily basis.
- Develop and maintain risk reporting/analytics to communicate position, P/L, and market risk to traders and management.
- Coordinate and review deals and prices in the trading system, performing deal checks, price validation, curve updates, and data reconciliation.
- Monitor timely deal capture, internal trading limits, and risk policy requirements to ensure transaction integrity in the trading system.
- Provide critical thinking around risk reporting processes, quantification, and analysis of commodity exposure and forward price movements for multi-products trading activities.
- Maintain, enhance, and review risk models. Test new risk calculations, evaluate model assumptions against fundamentals, and suggest modeling/valuation enhancements.
- Ensure compliance with internal trading limits.
- Provide accurate and independent analysis, valuation, and reporting of risk positions and trading results.
- Adhere to external regulatory compliance requirements.
- Communicate effectively with Front Office, Operations, Back Office, and Finance teams on inputs and assumptions.
- Work closely with Traders to quantify and explain sources of risk in their portfolios.
- Contribute to the reporting of trading results and positions to Senior management.
- Ensure best control practices, operational efficiency, and policy/limit compliance by working with Back Office, Finance, Credit, Legal & Compliance, and Business Unit Control.
- Coordinate with Compliance to ensure compliance requirements are met.
- Support, identify, and assist in implementing process improvements, including system testing, implementations, and desk-level processes.
- Identify and communicate operational risks, defining risk mitigation measures and priorities.
Requirements and Qualifications:
- Degree qualified in economics, finance, business, mathematics, or a quantitative discipline.
- Comprehensive understanding of risk management methodologies and valuation models.
- Proficiency in Power BI, Python, or other data management software like Alteryx.
- Able to perform role functions with a high degree of accuracy and efficiency under set deadlines.
- Able to work in a fast-paced trading environment.
- Strong analytical and problem-solving skills.
- High levels of flexibility regarding working hours.
- Will NOT sponsor employment visas or those on time-limited visa status for this position.
- The position requires close cooperation with Front Office, Operations, Back Office, Finance, Compliance, and Trading System teams.
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Professional Alternatives