Bramwith Consulting
Oil Trading Market Risk Analyst - Relocate and be Dubai (DIFC) Based - £137k Basic TAX FREE
1. Company: Asset backed energy trading arm of NOC (National Oil & Gas Major)
2. Location: Dubai (DIFC)
3. Likely to be based currently in London, Geneva, Singapore or Houston and be keen to relocate and be based in Dubai
4. Money: AED 40-55k PCM (£100k - £137k basic) TAX FREE + bonus + benefits
5. Key experience: 5 years+ experience working in Oil Trading as a Market Risk Analyst working for an Oil Major, large commodity trader or NOC
6. It is 100% essential that you have worked in a major global trading hub (London, Singapore, Geneva etc) with a developed supply and trading function. You can NOT come from a service center
Asset backed commodity trading arm of a Global leading Oil & Gas Major seeks an Oil Trading Market Risk Analyst to join in their HQ/sole office based in DIFC in Dubai.
You can be based anywhere globally (including already being based in Dubai now), but most likely you will be based in one of the major global commodity trading hubs - London, Geneva, Singapore, Houston. My client will assist you with relocation from these major trading hubs (London, Geneva, Singapore, Houston etc), help you set up your UAE bank account and sponsor/manage your Emirates ID, allowing you to live and work in Dubai.
You will be joining an Oil Trading business who has been trading for 2 years now and recently moved from back-to-back trading to hedged/risk based trading. They are going through rapid growth and are looking for several key hires to help them continue their Dubai trading desk expansion but with big plans for setting up new offices/trading desks in Singapore and Geneva and expansion into other commodities (Natural Gas, LNG etc) as well.
Reporting into the Head of Risk, the successful Oil Trading Market Risk Analyst will be responsible for the delivery of the trading business' market risk management framework, including modelling and monitoring of price exposures, as well as the approaches to measure financial risk around them.
Key Responsibilities include:
7. Own the trading business' market risk management framework, ensuring the risk to the P&L from changing market prices is robustly and exhaustively measured and reported, as well as monitored against limits and action trigger levels.
8. Operate and enhance a Value-at-Risk framework for the trading business, establishing appropriate methodology and calibration, calculation and reporting, as well as regular back testing and validation.
9. Supplement the trading business' VaR framework by developing portfolio stress and scenario tests, agreeing key parameters with management and the Audit & Risk Committee as well as periodically communicating results.
10. Work closely with the product control to agree valuation methodologies for all authorised markets, products and trading instruments, including selection of market data and price curve construction methodologies.
11. Support the growth of the business from the controlled onboarding of new contracts, markets and trading instruments.
12. Support the Treasury team through the development of liquidity risk management tools, such as cash margin at risk, and other cleared trading monitoring activity.
13. Support the Head of Risk & Credit and Credit Analyst with the measurement of counterparty credit risk, including expected and unexpected loss information for realised and unrealised transactions, including price-based stresses and walk forward analysis.
14. Working with the Product Control, deliver an Independent Price Verification (IPV) framework for market price data used in the valuation and risk measurement trading business' oil products trading activities.
Key Skills & Experience:
15. 5 years + experience working directly on an oil trading floor as a Market Risk Analyst working for an Oil Major, large commodity trader or NOC (with a developed supply and trading function). To repeat, you can NOT come from a service center, you need to have worked directly for a major oil trading business with a well developed supply and trading function
16. Strong Oil Trading knowledge and experience is essential
17. Ability to work in a fast moving, early stage trading organisation, supporting growth whilst ensuring control and risk management objectives are met
18. Strong skills in communicating complex data and analysis to traders and senior management
19. Fluency in English is essential
Please e-mail me (Ben) for more information at