Regional Risk Manager

The Company

BB Energy has a legacy spanning more than six decades. Today, the Group provides expertise across energy trading, operations, logistics, storage and retail. Our diversified portfolio cuts across many segments of the energy industry from trading crude oil and petroleum products to natural gas and renewables. With global operations anchored out of five hub offices in London, Dubai, Singapore, Houston and Athens, BB Energy has a global network of nearly 500 employees in a dozen offices across five continents. Growth and diversification remain cornerstones of BB Energy's business strategy as it supports an energy ecosystem capable of delivering affordable, secure, and increasingly clean energy to the societies that need it most.

Why Join Us? 

• We are a fast growing business in one of the most dynamic markets.


• Our team includes some of the leading experts in this field.


• We have a strong entrepreneurial spirit


• We are a well established business with a strong heritage and track record of success globally.


• We have a flat management structure and open management style - all voices heard and all voices count.


• Competitive salary and benefits package offered.

Role Purpose: 

• Provide strategic risk oversight and leadership refined products, crude and related derivatives, supporting the continued growth and of BBE’s regional business.


• Ensure robust risk governance, high-quality reporting, effective challenge to the trading desks, and strong alignment with global risk frameworks.


• Be prepared to take a hands-on approach and cover book reporting as necessary to help support the team.


• Help drive and enhance reporting change and innovation.

Accountabilities/Key Result Areas:

Risk Oversight & Governance 

• Take regional risk ownership of BBE Asia’s oil and product books.


• Ensure consistent application of group risk policies, limits and controls across the region for Back Office, Product Control and Market Risk.


• Be the local escalation point for risk issues, limit breaches and material exposures.

Leadership & Stakeholder Management 

• Lead, mentor and develop the regional risk team.


• Act as a trusted risk partner to senior traders, regional management and global risk leaders.


• Provide constructive challenge to trading strategies, new business initiatives and complex structures.

Reporting 

• Oversee the production and quality of daily P&L, VAR and exposure reported to traders and senior management and ensure all daily changes are quantified and explained.


• Ensure transparency and accuracy of MTM value across physical and derivative portfolios.

Systems, Processes & Controls 

• Oversee regional use of the ETRM systems to ensure accurate representation of trading activity.


• Work closely with Operations and Trade Finance to ensure timely and accurate capture of cost accruals, BL dates and quantities.


• Support and enhance month-end reconciliation processes between Risk and Accounts.


• Contribute to the ongoing development of risk control documentation and frameworks.

External Interfaces 

• Oversee engagement with PRAs and brokers for market data and assessments relevant to the region.


• Ensure appropriate governance over market data inputs and price validation.

Personal skills and behaviours required for success in the role.

• Strong leadership presence with the ability to engage confidently with senior stakeholders peers across global teams.


• Confident decision-maker under pressure.


• High standards of integrity, control awareness and accountability.

Skills and experience necessary for success in the role.

• At least 7-8 yrs experience working in physical oil and oil product markets.


• Experience with ‘Symphony’ ETRM is a highly preferable.


• Bachelor’s degree in Finance, Economics or Business with CFA, MBA, CA, or other related education a plus.


• Understanding of trading, operations, risk and mid/back office business processes, policies and controls.


• Strong analytical skills – ability to understand impact of market changes on PnL as well as an economic event in the lifecycle of a deal.


• Strong in financial derivatives (swaps, futures and options) ideally with experience managing VAR.


• Strong Excel skills are essential, Power BI, SQL & Python a plus.