Risk Officer Derivatives

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Job Description:

The Risk Officer Derivatives is a member of the Risk Team, reporting to the Risk Manager – Oil & Derivatives. He/She is reponsible for leading research and analysis, delivering reports, and high quality digital tools to improve decision making and risk management of various trading desks within Gunvor, based in Geneva.

Main Responsabilities

• Analyze, model, and report market risk for all derivatives trading activities.

• Assess and monitor physical and financial derivatives trades.

• Analyze mark-to-market valuations, risk positions, basis changes, curves, volatilities, and P/L results on a daily basis for derivatives positions.

• Develop and maintain risk reporting/analytics to communicate position, P&L, and market risk to traders and management.

• Coordinate and review deal and price in trading systems by performing deal checks, price validation, curve updates, and data reconciliation for derivatives.

• Monitor timely deal capture, internal trading limits, and risk policy requirements to ensure the integrity and accuracy of transactions in the trading system.

• Provide critical thinking around risk reporting, quantification of commodity exposure, and forward price movements for derivatives.

• Maintain, enhance, and review risk models for derivatives, test new risk calculations, evaluate model assumptions against market fundamentals, and suggest enhancements to improve valuation and risk quantification.

• Communicate effectively with Front Office, Operations, Trade Support, Finance, and IT teams regarding inputs and assumptions.

• Work closely with Traders to quantify and explain the sources of risk in their derivatives portfolios.

• Contribute to the reporting of Trading Results/Position to Senior Management.

• Responsible for monthly translation of trading results into accounting records for derivatives.

• Prepare various reports and analysis for publishing internally and to the Management Board, as necessary.

• Work closely with Back Office, Finance, Credit, Legal & Compliance, Business Unit Control to ensure best control practices, operational efficiency, and policy/limit compliance in the derivatives trading process.

• Coordinate with Compliance to ensure that all compliance requirements for derivatives trading are met.

Profile

• ​Advanced university degree in Computing, Mathematics, Statistics, Engineering, Economics, and/or Quantitative Finance.

• Minimum 6 years in a similar role in banking or commodity trading business, with experience in derivatives trading. Experience in a major trading house, oil major, investment bank, or hedge fund is highly desirable.

• Mastery in analytics tools such as SAS, Python, R, SPSS, Tableau, QlikView, Matlab, Hadoop. Awareness of Agile/Scrum methodologies is a plus.

• Strong programming skills in C/C++, Java, Linux, UML, SQL, Hive, HTML, CSS, JavaScript.

• Strong analytical and problem-solving skills.

• Entrepreneurial spirit, naturally curious and proactive.

• Eager to learn with the ability to work independently.

• Excellent attention to detail, rigorous and meticulous.

• Ability to work both independently and as part of a team.

• Strong communication and interpersonal skills.

• Comprehensive understanding of risk management methodologies and valuation models for derivatives.

• Fluent in English & French, both written and spoken. Any additional European language is a plus.

If you think the open position you see is right for you, we encourage you to apply!

Our people make all the difference in our success.