Risk Analytics Manager / Middle East

JOB PURPOSE
The Risk Analytics Manager is responsible for executing risk analytics processes and methodologies within the Market Risk group. Produces and issues Market Risk analytical reports such as VaR and defines and conducts stress and scenario testing. Performs risk analysis using models and runs what-if analysis based on market developments. Interfaces with management on Risk Analytics related issues and escalates breaches as needed. Provides input on market risk analytical requirements to IT and aids in identifying and selecting vendors to provide new quantitative analytical technology solutions.

MINIMUM QUALIFICATIONS/EDUCATION/EXPERIENCE/TRAINING/KNOWLEDGE
(Indicate the minimum recruitment specification and also the ideal person specification and the preferred minimum qualifications and skills for fully satisfactory job performance and to meet expectations)

Formal Education
Include any specialized education and qualifications needed to do the job.
• Bachelor's Degree in a Quantitative Field (mathematics, economics, finance, engineering)
• CFA, FRM, or ERP certification preferred
Work Experience
Clarify the minimum years of total work experience and other relevant work experience required to do the job
• 15+ years of relevant experience in trading risk management or banking
• Experience with energy commodities preferred
Skills and Knowledge
Include any specialized skills or knowledge needed for the job.
• Financial and valuation analysis experience
• Knowledge and application of decision analysis, techniques and statistical modelling relating to both market and credit risk control models
• Skilled at developing Market Risk analytical models, methods, and reporting (e.g. VaR, stress testing, etc.)
• Skilled in developing and validating market/credit risk control models as well as saturation of limits
• Skilled in evaluating hedge efficiency and forward curves management
• Sound understanding of commodity trading business
• Strong analytical skills and knowledge of oil trading financial instruments
• Knowledge of crude, oil products, LPG, and chemicals industry preferred
• Strong knowledge coupled with experiences in implementation of new ETRM system
• Strong awareness of latest market developments
• Strong ability to challenge Front Office on trading strategy assumptions and propose alternate market perspectives
• Strong skill set in VBA and SQL programming
• Good working knowledge of Market Data systems (e.g. Thomson-Reuters, Bloomberg)
• Excellent verbal and written communication skills
• Attention to details with a strong process execution focus

JOB DUTIES AND RESPONSIBILITIES
Explain in not more than eight sentences the principal responsibilities that the job must achieve. Each responsibility statement should explain what is being done, to what, why it must be done and the targeted key results area (KRA) and how to achieve it. For example, develop and recommend (WHAT IS DONE) sales and revenue budgets (TO WHAT) in order to meet the planned growth (WHY or KRA) by understanding the external environment and internal business direction (HOW).

1.Executes risk analytics processes and methodologies of the Market Risk group.
2.Produces and issues Market Risk analytical reports (e.g. VaR, stress tests, scenario outputs, etc.) and escalates to management as needed.
3.Back tests quantitative risk models/capabilities.
4.Performs risk analysis using models and runs what-if analysis based on market developments.
5.Determines modelling for new products, performs enhancements to VaR/stress algorithms and manages price correlations.
6.Stays abreast of market risk analytical best practices, identifies improvement opportunities, and works to improve the performance of the Market Risk team.
7.Provides input on market risk analytical requirements to IT and aids in identifying and selecting vendors to provide new quantitative analytical technology solutions.
8.Performs analysis as directed by the line manager and generally contribute to the activities of the Market Risk team.