A leading global oil trading firm is seeking a Senior Middle Officer to oversee risk control, exposure management, and P&L verification across complex physical and financial trading books. This role requires a deep understanding of trading operations, risk reporting, and financial controls to ensure accurate position management and compliance with internal risk frameworks.
Key Responsibilities:
Risk Control & Exposure Management
- Act as the Middle Office lead for all matters related to trading books managed from [Location].
- Take full ownership of position management, exposure monitoring, and risk control for physical oil and derivatives trading.
- Ensure accurate daily ETRM system reconciliation of exposure and P&L, working closely with traders and risk teams.
- Monitor and report on hedging activities, derivatives positions, and physical cargo risk.
- Support the Market Risk team in interpreting and reporting VAR numbers, stress tests, and scenario analysis.
P&L & Trading Book Oversight
- Publish daily position and P&L reports to traders and senior management.
- Verify market prices, MTM valuations, and trading book accuracy.
- Ensure all trades, hedges, and adjustments are accurately captured in the system.
- Identify and escalate discrepancies in exposure, unrealized P&L, and risk reporting.
Cross-Team Collaboration & Compliance
- Work closely with Operations, Claims, Finance, and Risk teams to ensure accurate trade capture and position reporting.
- Partner with Back Office to reconcile positions and resolve discrepancies.
- Ensure compliance with internal risk frameworks, credit policies, and regulatory requirements.
- Contribute to internal risk control documents and policy updates.
Process Improvement & Leadership
- Manage and mentor junior Middle Office analysts, providing guidance and training.
- Drive innovation in reporting, risk processes, and system enhancements to improve efficiency.
- Assist in developing monthly reconciliation processes between Middle Office and Finance.