Market Risk Associate - Oil & Gas

As an Energy (Oil & Gas) Market Risk Associate, you will be a core member of the Market Risk team responsible for monitoring, analysing, and reporting the risk exposures of a fast-paced global commodities trading business. You will work closely with traders, product control, quantitative analytics, and senior management to ensure the firm’s risk framework is robust, transparent, and aligned with its commercial objectives.

This is an excellent opportunity for someone with strong analytical skills, commercial acumen, and a passion for global oil markets to grow within a high-performance trading environment.

Risk Analysis & Reporting

• Monitor daily market risk exposures across Oil, Refined Products, LNG, and NGL trading books.
• Produce and validate daily Value-at-Risk (VaR), stress testing, scenario analysis, and P&L explain.
• Investigate significant P&L movements, ensuring accurate attribution to market drivers.
• Prepare daily, weekly, and monthly risk reports for traders and senior management.

Controls & Governance

• Ensure trading desks operate within approved risk limits; escalate breaches promptly.
• Enhance risk frameworks, methodologies, and control processes in coordination with Middle Office and Risk Methodology teams.
• Support internal and external audits, ensuring compliance with regulatory and internal standards.

Market Insight & Analysis

• Develop deep understanding of crude oil benchmarks, forward curves, refining spreads, freight markets, and regional arbitrage dynamics.
• Conduct ad-hoc analysis on market trends, liquidity, volatilities, and macro developments affecting the trading books.
• Partner with quantitative teams to improve pricing models and risk measurement tools.

Stakeholder Interaction

• Collaborate closely with traders to understand strategies, optionality, exposures, and hedge effectiveness.
• Communicate risk findings clearly and concisely to non-technical and senior stakeholders.

Required

• Bachelor’s degree in Finance, Economics, Engineering, Mathematics, or related field.
• 2–5 years of experience in market risk, trading analytics, risk control, or related energy trading functions.
• Strong understanding of oil and gas markets, derivatives (futures, swaps, options), and mark-to-market principles.
• High proficiency in Excel; experience with Python, SQL, or Power BI is a strong advantage.
• Strong analytical mindset with the ability to interpret complex data sets.
• Excellent communication skills and ability to work in a fast-paced trading environment.

Preferred

• Experience using CTRM/E/Trading systems (e.g., Endur, Allegro, Aspect, Eka).
• Familiarity with VaR methodologies, greeks, optionality, and risk modelling.
• Professional qualifications (FRM, CFA, ERP) a plus.