Description
We are seeking a skilled Trading Risk Associate to join our team in the oil and gas industry. The ideal candidate will have a background in risk management, trading strategies, and market analysis. You will play a key role in identifying, assessing, and mitigating risks associated with trading activities, ensuring the financial success and stability of the organization. If you thrive in a fast-paced environment and are passionate about the oil and gas sector, we’d love to have you on board.
Main Responsibilities
- Take charge of managing risk for Trading and provide expert guidance to our Trading team. Develop and review the Company’s Credit Risk Management Policy, Guidelines and Procedures as well as other risk areas in line with business and market changes to ensure they are dynamic.
- Responsible to analyze, monitor and report trading and marketing overall risk exposure, this includes variety of portfolios such as crude oil, petroleum products, petrochemicals, and LNG. • Initiate and undertake credit performance, operational and risk evaluation on all counterparties (as requested by stakeholders) prior to initiating marketing / trading with them, and provide line management with recommendation on fact – based analysis of the creditworthiness of each new and existing counterparties, hence, recommend exposure limits, security requirements and other controls as deemed appropriate for Management’s approval.
- Offer daily risk management support, ensuring we follow global best practices to keep our trading operations strong and resilient.
- Develop and implement risk policies and procedures that not only manage risk but set the benchmark. Lead efforts to reduce credit risks, market volatility, and other trading challenges.
- Contribute and support to develop yearly planning and budgeting for risk management activities, and ensure compliance to the approved plan budget.
Position Requirements
- Must have at least Bachelor Degree in Mathematics / Finance / Marketing / Business Administration or equivalent
- Minimum 2 years of working experience in finance and reporting functions in related risk management, trade control and compliance within Oil & Gas and financial institutions.
- Experience in oil and gas would be an advantage
- Communication and negotiation skills, must interact with external parties and experts in risk advisory.
- Ability to network and gain confidence from these stakeholders, whilst maintaining credibility in business know-how in order to perform the job functions effectively. Management conversations and buy-ins are critical to the success of risk management.
- Ability to thrive under pressure, balancing multiple projects
General Requirements
- Strong personal drive, technical acumen and able to manage wide variety of activities and projects;
- Excellent financial and business analysis skills and understanding in contract negotiations;
- Strong sense of responsibility and accountability with positive working attitude;
- Must be well organized, work independently & have the ability to multi-task, lead and work in teams;
- Must be able to work well under pressure to meet strict deadlines;
- Good command of spoken and written Malay and English languages.
Interested candidates can contact Brunei Energy Services & Trading Sdn Bhd at bestrecruitment@best.com.bn for further details on the position. All submissions must be accompanied with recent passport-sized photograph and a comprehensive resume (accompanied by copies of certificates and references). A competitive remuneration package and attractive fringe benefits will be offered to successful candidates. Applications are invited from Bruneian citizens.
Closing date is on 30th January 2025 and only short listed candidates will be notified.
