Crude Commodity Risk Team Lead

Chicago, IL 60606 | Work from home flexibility

Posted: 05/19/2023 Industry: Energy-Front Office Job Number: 1714

Job Description

A global energy trading & marketing firm is searching for a senior Commodity Risk professional to mentor and lead its crude oil middle office risk team. This team focuses on reporting and analyzing trading & origination/marketing portfolios. The team lead will mentor and guide team members in their day-to-day activities.

Key team responsibilities include:

  • Measuring, valuing, and reporting the daily mark-to-market P&L,
  • Price Curve validation,
  • Understanding of trading portfolios and strategies (by deal, portfolio, trader, and region) in conjunction with the overall markets from a risk, liquidity, and fundamentals perspective,
  • Providing management insightful commentary on trading activity,
  • Monitoring trader risk to ensure compliance with control policies and trader limits,
  • Develop strong relationships with the front-office traders, originators, and other finance staff,
  • Supporting the cash forecast and monthly accounting processes, and 
  • Participating in projects to automate and streamline processes.

Educational and professional requirements include a bachelor’s degree in Finance or a related numerate field; 10+ years’ experience in risk, trade reporting, valuations, product control, or a middle-office PnL role and ideally supporting an energy trading & marketing desk; strong understanding of financially traded instruments; ability to communicate complex trading transactions; analytical skills; and advanced technology skills including Excel/VBA/SQL/Python/R are a plus.

Consideration will be given to candidates with general capital markets middle office or risk experience.

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