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Market Risk Manager

  • Salary: Competitive
  • Location: Saudi Arabia
  • Job type: Contract
This vacancy has now expired.
JOB PURPOSE

Providing strategic perspective on key market, economic and competitive factors for refined oil and gas products while managing market risk and analysis of the oil and gas industry which will be used as a key management risk control for all trading activities and for the production and management of risk report and ensure a healthy risk appetite.

MINIMUM QUALIFICATIONS/EDUCATION/EXPERIENCE/TRAINING/KNOWLEDGE

Formal Education
· University degree with further education as an advantage
· MBA is preferred
Work Experience
· At least 12+ years of relevant working experience in a trading company or bank, experience with energy commodities beneficial, esp. in refined products or crude is desirable.
Skills and Knowledge
· Proven leadership skills and demonstrated ability to lead people and get results through others
· Sound understanding of commodity trading business
· Excellent financial analysis and valuation analysis
· Understanding and awareness of statistical and quantitative analytical methods
· Deep understanding of global economic drivers
· Up to date on current geo-political and economical issues
· Working knowledge of an ETRM software package, esp. Allegro would be beneficial
· Good working knowledge of Market Data systems like REUTERS or BLOOMBERG
· Excellent command of the English language. Arabic is an advantage

JOB DUTIES AND RESPONSIBILITIES

1.
Lead and execute corporate risk management strategy
2.
Oversee and validate market valuations and risk assessments models
3.
Support the continuous improvement of risk controls, reporting and analysis in line with business requirements
4.
Develop and ensure implementation of market risk management policies
5.
Provide strategic insights on market, economic, and competitive factors in the industry
6.
Develop and lead the market risk team
7.
Ensure accuracy of middle office published risk reports
8.
Ensure that the analysts are skilled and trained in company policies, and knowledgeable of the various information resources, inside and outside, required to perform their jobs.
9.
Any other duties as dictated by the business and the VP of the Middle Office

COMMUNICATION AND WORKING RELATIONSHIPS

Subordinates: Market Risk Analyst and Market Risk Specialist
Internal:
Day to day operational contact with colleagues in Middle office, front office, and back office. Close communication with VP of Risk Control and various senior management reps.
External:
Regular communication with external counterparties. Consistent interaction with market experts and market data providers.
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