Regional Head of Middle Office - Products Control

Job Title:

Regional Head of Middle Office - Products Control

Contract Type:

Permanent

Time Type:

Full time

Job Description:

Overview Of Role

The Regional Head of Middle Office - Products Control is a member of the Risk team, reporting to the Global Head of Risk Office- Oil & Products/Derivatives, and will act as the primary regional risk management point of contact for the various oil & products trading desks. Working closely with Traders & Risk officers regionally, he/she will provide advisory services to help manage every aspect of regional risk activities and will be responsible for identifying, reporting, and managing the risk(s) of the regional portfolios; and will be expected to foster a culture of Risk across Gunvor USA office. A key aspect of this role is to be a Regional strategic partner in supporting the growth of the Trading business identifying and helping to manage and monitor the Risks & PnL of Gunvor Oil & Products/Derivatives desks.

Main Responsibilities

• Recruits, directs, develops, and coaches a large regional team of Risk Officers to ensure that the necessary resources are in place to effectively support the objectives of Management for the Risk function.
• In coordination with the Global Head of Risk Office – Oil & Products/Derivatives, develops Risk policies and procedures. Regionally ensures that such policies and procedures are updated as required, are understood by Risk Officers and that instances of non-compliance are identified, escalated, and resolved as necessary.
• Monitors regionally trading activity to ensure it is in line or developing within the parameters set by Management and recommends corrective actions.
• Responsible for the regional management reporting and accuracy of the P&L.
• Apply and conducts quantitative and qualitative analysis of the market and portfolios to provide value adding decision support.
• Reviews new trading strategies and/or structured transactions, to ensure the position & PnL can be accurately modelled and reported in the ETRM
• Identifies and proposes tools and processes required to measure monitor and control risk in line with any parameters set by Risk Management.
• Identify and implement enhancements to risk metrics and system.
• Identify and investigate issues of non-compliance with limits within the business units, flag issues of non-compliance to the Global Head of Risk Office
• Accountable for relevant project management assigned including but not limited to planning and allocating resources, preparing budgets, monitoring progress, setting quality and performance standards, assessing risks and keeping stakeholders informed throughout the project lifecycle.
• Represents Risk-department in either project governance meetings and/or other committee, as the case may be, such as credit, IT steerco, system development
• Provides assistance to other offices of the Group on Risk, IT & other relevant topics, as the case may be.
• Advises business unit and support groups on workflow and data process flows.
• Establish productive partnerships focused on risk with business units.
• Supports the Head of Market & Quantitative Risk department
• Develops and maintains good relationships with external service providers and peers.
  
  
  

IT and systems

• Stands as the first point of contact of IT for all risk related projects and developments
• Provides leadership skills, advice, and assistance to IT in maintain the system(s).
• Assessment and advisory services on system development and procurement.
• Keep up to date on risk and risk technology developments.
• Liaise with quant team to review pricing and risk models.
• Approve change requests to the trading system.
  
  
  

Administrative And Other Functions

• Approve/facilitate access and set exchanges limits for the traders/business. Manage user access rights for Reuters, Ice, Argus, Platts or similar.
• Approve new products traded.
• Assist Compliance group and regulatory initiatives and reporting.
• Assist Accounting group in monthly, quarterly, and annual reconciliation.
• Assist internal and external auditors.
• Aid external auditors to better understand valuation methodologies.
• Liaise with operation groups to identify operational Risk issues and implement risk mitigating initiatives.
  
  
  

Qualifications/Experience

• University degree, preferably in Computing, Mathematics, Engineering, Economics or Finance.
• A total of 10 years relevant experience or in a similar role in the commodity trading business, preferably within a major trading house, an oil major, investment bank or hedge fund.
• Strong and effective leadership with track record, entrepreneurial spirit, naturally curious and proactive.
• Demonstrate and inspire integrity and professionalism.
• Can do attitude / driven, self-motivated and goal orientated.
• Team player; able to build relationships across the company and regions
• Strong analytical, organizational, problem-solving and communication skills.
• Strong verbal and written communicator.
• Fluent in English, any other language is a plus.
  
  
  

If you think the open position you see is right for you, we encourage you to apply!

Our people make all the difference in our success.