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Risk Control Manager / Rest of the World

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Location:Rest of the World
Apjid3 View all jobs by this recruiter
Job Title:Risk Control Manager, LNG
Position No.:-
Reports to:VF
Directorate / Dept.:Marketing

Primary Purpose of the Job
Responsible for managing the risk controls on a daily basis, regularly updating the Risk Control Committee which oversees the overall trading risk system. Responsible for setting-up the risk control policies and procedures and building up the risk control team.

Job Dimensions
Number of Staff Supervised:Direct Reports: 2 - 5Financial Data:OpexTBD
Principal Accountabilities
·Risk control strategy: Develop and implement the risk control policies and procedures at the overall and desk level, in line with planned trading strategies and acceptable trading risk levels.
·Risk control team build-up: Set-up the risk control capability, recruit and on-board critical volume of risk analysts.
·Risk compliance:
oEnsure that the trading risk control models [Mark-to-Market (MtM) and Value-at-Risk (VaR)] and systems (including trading deal entry and exposure reporting) are in place.
oDraft the trading risk management policy, and submit it to the Risk Control Committee for review and to the Board for approval.
·Risk monitoring and control:
oReview exposures, and send formal requests to the LNG trading desk manager to fix limit breaches if teams do not provide action plan or action in due course.
oEscalate to the EVP Marketing, if desk managers do not fix limit breaches on a timely basis.
oEscalate to Risk Control Committee any breaches of transaction authority and excesses of limit exposure that have not mitigated in the trading command chain.
oPropose disciplinary actions for repeated breaches of trade authority violations.
oDesign and ensure the timely generation of risk reports to support trading activity (to be sent to the trading desk manager and the Risk Control Committee).
oNotify important system performance issues to the Risk Control Committee.
oUpdate the agenda of the Risk Control Committee meetings (Act as secretary of the Risk Control Committee).
·Maintain Trading Systems: Be the IT focal point with regards to the CTRM system in terms of troubleshooting issues, proposing and implementing upgrades, and adding new functionality or trading instruments.
·Stakeholder management: Ensure relationships with internal stakeholders are meaningful and executed professionally and with integrity.
·Performance assessment: Provide input to HR department on traders and risk analysts' performance, in line with trading KPIs.
og efficiency & effectiveness.

Decision Making Authority
·Decisions and recommendations made by this position have a significant financial/commercial impact on revenue streams from the sale of LNG
·High degree of autonomy and freedom (within guidelines set by the Trading Board) in executing risk and controls activities with regards to LNG trading.

Context / Special Features / Challenges
·Position will have an active role in the setup of the trading entity, which entails building a new business line and requires a high degree of ownership and ability to highlight the opportunities and risks of trading.
·Work performed is of a sensitive nature, is performed under high pressure, strict deadlines, high workload periods, and within firewalls required.

Qualifications / Knowledge / Skills / Experience
·Bachelor degree in Economics, Law, Business Administration or equivalent from an internationally recognized university. Postgraduate Qualification (MSc. or MBA) preferred.
·Minimum 15 years work experience in risk control management, in an energy commodity environment, preferably with 5 years or more in LNG
·Multi-disciplinary knowledge and broad competence is required in areas such as trading, sales operations, commercial, financial, contract administration, legal, economic analysis and projects.
·Proven leadership and managerial skills with detailed-oriented thinking and a capacity to challenge senior management, an ability to develop and execute management presentations, and to lead and motivate the risk control team.
·Excellent communication, interpersonal, and stakeholder management skills.
·Ability to understand and challenge fast risk-based decisions, sometimes based on limited amount of information.
·Excellent computer literacy skills, including MS excel, CTRM/SAP knowledge, SQL/Database is a plus.

How to Apply

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