Oil Risk and Market Analyst (Regional Office - Uruguay) page is loaded Oil Risk and Market Analyst (Regional Office - Uruguay) Apply locations piso 8vo, Argentina time type Full time posted on Posted 30 Days Ago job requisition id R-012375 Main Purpose:Risk analysis of trading profit and loss/ exposure that is used as a key management control for all international/domestic oil trading strategies. Production/management of all daily reports to support this function including delta changes, deal economics, price exposure, hedge requirements and ad hoc management reporting.Knowledge Skills and Abilities, Key Responsibilities: Knowledge and Skills:
Excellent interpersonal skills
Strong numerical skills
Teamwork
Intermediate or Advanced excel knowledge
Ability to work under pressure
Report writing skills
Ability to use multiple systems at once
Strong work ethic and organizational skills
Knowledge of physical, derivatives, and underlying transactional instruments. (preferred but not a must)
Experience in position, exposure and commercial PnL reporting is a plus
Key Responsibilities:
Various platforms provide the core structure of our data capture for reporting purposes. Management of the data integrity in our system is essential as it provides all the base information in our PnL and exposure analysis. A strong understanding of physical deal economics and the key components are essential (Freight, Demurrage, Finance, hedging, pricing) as one core responsibility is to correctly set up inception profit and loss (PnL ). Once inception PnL has been established and agreed with the commercial team. From this point onwards the daily changes in PnL and exposure due to underlying market conditions, economics, basis risk and mark to market values are then assessed and a daily commentary of variances produced. Other key duties include ensuring all basis risk and volumetric positions are correct and appropriate hedge and pricing actions are taken to mitigate the company's risk, and then ensuring all executions are correctly allocated within trading system.
Reconciliation of all estimates used in PnL to the final invoice value ensures our trading PnL is deemed to be finalized and correctly in line with our statutory requirements. This information is then used to drive the trade ledgers in the statutory accounts. The role also carries a large emphasis on the continual review and upgrade to processes and system to increase the accuracy and timeliness of our reporting.
Although a wide variety of skills are required to be able to complete the full role to the highest level, various elements of the core activities can be molded into a role that will ensure that a candidate will be exposed to every facet of oil trading and gain the required knowledge to successfully advance to higher levels of responsibility. The role actively encourages candidates to gain experience of the various business functions and departments and based on this knowledge intuitively assess circumstantial changes and the effect this will have to the trading PnL and therefore develop a deep knowledge of the industry.
Key Relationships and Department Overview: The key relationships of the role will be with the local and regional Trading, Operations, Finance, Accounting, Contracts, FX and Invoicing teams as well as Deals Desk Global Teams and Management.
Trafigura's Deals Desk department is responsible of the Group's Trading PnL Reporting and Hedging requirements of both physical and paper positions. It also acts an independent control department analyzing any risk that can arise from a new or current business activity, calculating, analyzing and reporting positions and exposures. It operates in partnership with front, mid and back-office functions to ensure that our reports and actions are accurate and representative of the dynamic business we are in. Trafigura's Head of Deals Desk reports directly to the Group's Chief Operating Officer.
We maintain a responsible and active culture where all staff recognize personal and collective responsibility to the business success with minimum risks.
About Us At the heart of global supply, Trafigura connects vital resources to power and build the world. Through our Metals and Minerals, Oil & Petroleum Products and Gas, Power and Renewables, commercial divisions, we use infrastructure, logistics and financing to connect producers and consumers, using our deep understanding of the markets we serve to make supply more efficient, secure and sustainable.
We are accelerating our investments in renewable energy, including hydrogen, ammonia and other low-carbon energy technologies required for the transition to a low carbon future. We are committed to responsible business practices and we work with our stakeholders to improve environmental and social standards, bringing greater trust and transparency to global supply chains.
A career at Trafigura offers a gateway to working on some of the most exciting challenges of a rapidly changing world – from helping to optimise supply chains to developing infrastructure and new markets. In a culture that is founded on openness and energy, our people work as part of a multinational, globally connected team and thrive in a fast-paced environment where they can nurture and commercialise bold ideas. Everyone has a voice and is empowered to collaborate across geographies and disciplines to help shape our business and the wider world. We know the importance and value of diversity in our business and we invest in attracting, developing and retaining talent from all backgrounds.
Founded in 1993, Trafigura is one of the largest independent employee-owned commodities groups in the world with over 12,000 people working across more than 60 offices. The Trafigura Group owns global multi-metals producer Nyrstar; fuel storage and distribution company Puma Energy; and joint ventures Impala Terminals, a port and logistics provider, and Nalo Renewables, investing in wind, solar and battery storage projects.
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