Risk Control Analyst - Senior

JOB SUMMARY

Job Profile Summary

Performs activities associated with control of commodity and operational risk across all business units.

Essential Functions and Responsibilities

• Analyze and/or prepare complex reports and records related to daily mark-to-market profit and loss (P/L) variance of trading books, volumetric positions, hedge strategies and Value at Risk (VaR), providing management with explanations of major variances and analytics to support business decisions.
• Collaborate with front and back office to quantify and analyze risks associated with potential transactions and to ensure proper deal capture, valuation, accounting, and compliance with risk management policies.
• Develop and maintain complex hedging strategies and sophisticated models to support business segment commodity risk mitigation.
• Provide analysis and recommendations for acceptable hedge instruments and practices to ensure compliance with hedge accounting requirements.
• Prepare back tests, scenario analysis, stress tests and performance analysis to explain the drivers of risk and mitigation strategies.
• Utilize statistical modeling techniques to forecast potential commodity price changes as well as monitor macroeconomic market conditions to adjust models accordingly.
• Monitor, control and report daily transaction activity from financial and physical desks to ensure compliance with approved risk management policies.
• Update and validate market price curves on a daily basis.
• Utilize the Risk System software to maintain all physical and financial obligations and prepare mark to market position reports.
• Work with trading, accounting and contract administration employees and management to ensure accurate processing of all financial trading activities.
• Work closely with IT team members to design, validate, implement, troubleshoot and maintain various system solutions for both positions and P&L reporting.

Education

• Bachelor's Degree in accounting, finance, economics, mathematics or related field with job-related experience
• Master's Degree in accounting, finance, economics, mathematics

Work Experience

• Experience performing detailed financial analysis and modeling of complex commodity trading activities.
• Experience and/or training related to:
  • Accounting standards and supporting documentation.
  • Trading policies and practices.

Knowledge,

Skills and Abilities

• Knowledge of: commodity markets and financial derivative instruments such as forwards, futures, swaps and options.
• Knowledge of: advanced statistical and data modelling techniques utilizing various software including Mat Lab, R and Python.
• Knowledge of: risk management methodologies and Monte Carlo simulations.
• Knowledge of: risk measures.
• Skills in: UI Path automation software a plus.
• Skills in:
  Microsoft Excel required.
• Ability to: apply complex mathematical concepts, including algebraic formulas, statistical methods, calculus and derivative pricing models.
• Ability to: to grasp and accurately communicate complex transactions, strategies and models to varying organization levels while highlighting relevant information to a targeted audience.
• Ability to: to mine, manipulate, interpret and analyze large data sets across multiple applications.
• Ability to: communicate and/or exchange information and instructions.
• Ability to: read and interpret financial statements, professional accounting standards, trading policies, contracts, agreements, computer printouts, industry publications, reports and correspondence.

Licenses and…