aramco
Overview
The Risk Specialist role is a key position within the Market Risk Group. This role is responsible for independent risk and financial controls and is accountable for ensuring that trading activities are conducted within a robust control framework. The Risk Specialist works closely with trading, scheduling, finance, and other support functions and is expected to balance independence and a commercial mindset to enable the trading team to carry out its trading mandate and comply with Aramco Trading Americas (ATA) Risk Policy. Key Accountabilities
Deep understanding of Market Risk measures, exposures and profit and loss. The requisite experience to design and implement risk solutions from first principles without reliance on existing systems Ability to explain business performance from observable market forces and drivers Participate in trading systems design, testing and implementation Strong knowledge of the trading life cycle of a deal from Front, Middle and Back office perspectives Analyze, validate, and publish opening trading positions and exposures Provide accurate, independent, timely and consistent valuation of trading positions and exposures. Publish daily P&L results and high-quality commentary of key drivers Ensure the integrity of financial accounts is maintained Work with Commercial and Finance to close the books and prepare monthly performance commentary Liaise with commercial personnel and IT to troubleshoot / resolve discrepancies and deliver operational efficiencies and improvements Establish positive and trusting working relationships with front-to-back stakeholders Record and escalate KRIs and business incidents Build and maintain a set of market prices and curve related to the supported commodity group Experience and Qualifications Required
Essential Qualifications: Minimum of five (15) years’ experience in a commercial trading business with experience related to financial and/or risk control Advanced experience with physical and financial commodity trading activities Advanced knowledge of risk concepts (deals pricing, flat price, time/product spread and basis exposures, P&L attribution analysis, DOA, position limits, etc.) Strong understanding of trading instruments (physical forwards, futures, swaps, options) and data modeling/flows within ETRMs Extensive experience with ETRMs and very proficient with MS Excel Strong analytical, problem solving, and time-management skills with ability to work in a fast-paced, dynamic environment Excellent interpersonal and relationship building skills including the ability to interact with all levels of staff and management Self-motivated individual who functions well both independently and in a team environment Excellent written and verbal communication skills Bachelor\'s degree from an accredited university Ability to work in an office environment, located in downtown Houston, TX Preferred Qualifications: Applied working knowledge of Crude, Fuel Oil, and/or Refined Products markets Previous SAP experience Proficiency with DataMart, Tableau or Power BI, and MS PowerPoint Internal Note: Grade level is dependent on successful candidates’ experience, qualifications and experience. Seniority level
Mid-Senior level Employment type
Full-time Job function
Marketing, Finance, and Analyst Industries
Oil and Gas, International Trade and Development, and Financial Services
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The Risk Specialist role is a key position within the Market Risk Group. This role is responsible for independent risk and financial controls and is accountable for ensuring that trading activities are conducted within a robust control framework. The Risk Specialist works closely with trading, scheduling, finance, and other support functions and is expected to balance independence and a commercial mindset to enable the trading team to carry out its trading mandate and comply with Aramco Trading Americas (ATA) Risk Policy. Key Accountabilities
Deep understanding of Market Risk measures, exposures and profit and loss. The requisite experience to design and implement risk solutions from first principles without reliance on existing systems Ability to explain business performance from observable market forces and drivers Participate in trading systems design, testing and implementation Strong knowledge of the trading life cycle of a deal from Front, Middle and Back office perspectives Analyze, validate, and publish opening trading positions and exposures Provide accurate, independent, timely and consistent valuation of trading positions and exposures. Publish daily P&L results and high-quality commentary of key drivers Ensure the integrity of financial accounts is maintained Work with Commercial and Finance to close the books and prepare monthly performance commentary Liaise with commercial personnel and IT to troubleshoot / resolve discrepancies and deliver operational efficiencies and improvements Establish positive and trusting working relationships with front-to-back stakeholders Record and escalate KRIs and business incidents Build and maintain a set of market prices and curve related to the supported commodity group Experience and Qualifications Required
Essential Qualifications: Minimum of five (15) years’ experience in a commercial trading business with experience related to financial and/or risk control Advanced experience with physical and financial commodity trading activities Advanced knowledge of risk concepts (deals pricing, flat price, time/product spread and basis exposures, P&L attribution analysis, DOA, position limits, etc.) Strong understanding of trading instruments (physical forwards, futures, swaps, options) and data modeling/flows within ETRMs Extensive experience with ETRMs and very proficient with MS Excel Strong analytical, problem solving, and time-management skills with ability to work in a fast-paced, dynamic environment Excellent interpersonal and relationship building skills including the ability to interact with all levels of staff and management Self-motivated individual who functions well both independently and in a team environment Excellent written and verbal communication skills Bachelor\'s degree from an accredited university Ability to work in an office environment, located in downtown Houston, TX Preferred Qualifications: Applied working knowledge of Crude, Fuel Oil, and/or Refined Products markets Previous SAP experience Proficiency with DataMart, Tableau or Power BI, and MS PowerPoint Internal Note: Grade level is dependent on successful candidates’ experience, qualifications and experience. Seniority level
Mid-Senior level Employment type
Full-time Job function
Marketing, Finance, and Analyst Industries
Oil and Gas, International Trade and Development, and Financial Services
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