Risk Team Lead at Sellafield Energy

Industry: Oil & Gas

Job Summary

• Risk Team Lead is responsible for advising management on any potential risks to the profitability, cost or existence of the company. also responsible for managing exposures to price, market, regulatory, operational and credit risk to ensure business continuity, as well as identifies, assesses threats, proffers solutions and decides whether to avoid, mitigate or transfer risks

Job Responsibilities
Trading Control:

• Control & approve traders negotiated terms and conditions to ensure the company is competitive
• Oversee and ensure trading operators negotiate contract strictly in line with DS as per Traders recap

Strategic Price Risk Management:

• Risk assessment: identify, analyse, and estimate exposures on sales and purchase transactions
• Risk evaluation: compare estimated risks with cost of potential options of mitigating or transferring such risks while considering legal and regulatory factors
• Hedge prices exposures with futures, swaps and other financial derivatives when necessary
• Maintain control over pricing using EFPs, triggers and other pricing mechanism
• Plan, design and implement an overall risk management strategy for all cargo sales, purchases, tender bids etc.
• Issue and approve final price calculation to enable finance process final commercial invoice, debit notes or credit notes

Management Advisory &Commercial Reporting:

• Update monitor, and calculate P&L; making positions to market to evaluate prevailing profitability and exposure. Reporting exposure, P&L and year to date report
• Mark opened positions to market to evaluate prevailing profitability or exposures
• Establish and quantify the organisation’s ‘risk appetite’, i.e. the level of risk the company is prepared to accept

Chatering & Shipping Control:

• Check freight rates and approve vessel fixture
• Examine the important economic, financial, contractual and operational specifics of the deal and ensure the charter party fits perfectly

Finance &Account Control & Audit Compliance:

• Review and approve all supplier, customers and service providers invoice to ensure information in Aspect and SAP is accurate
• Optimise financing structure on sale and purchase transaction to minimise financing costs and maximize profitability
• Monitor FOREX exposure and collaborate with finance to close positions and hedge exposures where necessary
• Preparing Tender, Bidding and KYC Documents

Requirements

• B.Sc in relevant field with 7 years of proven experience
• A relevant post graduate degree as an added advantage
• Specialization in financial analysis will be an added advantage
• Ability to hedge cargoes and long term positions using futures, swaps and option
• Wide knowledge of local and International Oil Markets
• Knowledge of ICE, NYMEX, Platts quotations for refined products at different locations· 
• Ability to identify price exposure in transactions