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Senior Specialist - Market Risk

Chennai, TN
Job Code:
  • Oil & Gas
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Job Details

The Market Risk department is a specialized unit that operates in Chennai and Manila and has front line responsibility for risk measurement; deal valuation, exposure reporting and price validation. The department pulls together a range of expert skills that ensure accurate and timely reporting, and allow us to offer professional advice on the wide range of issues that the department gets involved in. We are interested in attracting people to our business who share our core working values of honesty, integrity and respect for others. We also want those who can build on our business vision, are prepared to accept accountability and can achieve great results through teamwork. Principal Tasks Assist with the daily production of WONA Derivative desk and assist traders to tie out their pnl with market movement. Complete analysis of most of the product mark-to-market curves price movements to ensure trading system us correct. Exposure analysis and Investors profitability reporting exclusively for desk to take trade decisions. Monitor exposure & NBP exposure limits daily within the trading control framework and manual of authorities (MOA) SOX control- Operates few quarter end SOX controls like Anchor Point review, Disclosures, IFRS requirement. Yearly SOX control such as Illiquid Series review. Prepare weekly trade performance slide decks for GM Derivative desk for his weekly meetings Work on liquidity reserve calculation in a quarter and ensure that is correctly communicated to P3 desk. Champion Risk Committee action items and sees them through implementation especially with P3 desk. In case of DEX curve error, liaise with business users and technical support to identify, analyze and resolve DEX application issues (ad hoc). Ensure daily control is whole like, Late Deals, Bucket deals etc. Provide ad hoc analysis by running queries off the Trading Risk Databases Ensure activities are carried out with safety awareness and are performed in compliance with external regulation, the Shell Control Framework, SOX and Financial Reporting requirements and Shell Trading mandate and policies. Requirements Key Challenges A key challenge is on maintaining quality relationships and engagements with key business stakeholders including GM of Price Risk Management, to ensure timely and accurate data. Understanding the numbers and convincingly explaining the story behind them demonstrating and appreciation for trading strategies and risk payoffs. Exploring opportunities to continuously improve tools and process. With Trading Risk Operation being a new group, the candidate is asked to be flexible in terms of work scope in the knowledge that the role will become increasingly challenging and in depth with every new activity rolled out. The work will be shift oriented with a requirement for early day and late day shifts depending on the business requirements. Experience and Qualifications required The ideal candidate will be highly numerate, logical, have the ability to prioritize and multi-task, and be comfortable working in teams. A good understanding of Oil Markets business would be valuable as would knowledge of trading management information systems. Risk management knowledge or experience would be a strong plus. The successful candidate should be motivated to 'dig into conflicting data' and resolve issues while considering the impact upon the overall business. An undergraduate degree in Statistics, Mathematics, Science, Finance or Economics from a leading academic institution. MBA in Finance from Tier I Institution. Other preferred qualifications include Strong computing skills (excel, programming, VBA) and analytical abilities Experience in Six-Sigma and/or other problem solving methodologies to drive continuous improvement Strong analytical skills required; detail and accuracy oriented. Strong communications and interpersonal skills Finance and accounting skills including ability to understand financial results and financial and management reports Experience with risk analysis, value-at-risk, financial derivatives, or physical energy markets would be a plus. Demonstrates ability to work with cross-functional work group Demonstrates ability to drill down into complex data and must have a keen eye for details Must be able to demonstrate creativity in problem solving.
Degree: MBA/ PGDM

Additional Degree: BA (Arts) | B.Com. (Commerce) | B.Pharm. (Pharmacy) | B.Plan. (Planning) | B.Sc. (Science) | BBA/ BBM/ BBS | BCA (Computer Application) | Diploma-Other Diploma | B.Ed. (Education) | BHM (Hotel Management)

Experience: 2-6


Derivatives | Finance/Budgeting | Financial Analysis
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