Oil Risk & Market Analyst

  • Montevideo
  • Trafigura

Main Purpose :Risk analysis of trading profit and loss/ exposure that is used as a key management control for all international/domestic oil trading strategies. Production/management of all daily reports to support this function including delta changes, deal economics, price exposure, hedge requirements and ad hoc management reporting. Knowledge Skills and Abilities, Key Responsibilities :

  • Knowledge and Skills: _
  • Excellent communication skills
  • Strong numerical skills
  • Teamwork
  • Intermediate or Advanced excel knowledge
  • Ability to work under pressure
  • Report writing skills
  • Ability to use multiple systems at once
  • Strong work ethic and organizational skills
  • Knowledge of physical, derivatives, and underlying transactional instruments. (preferred but not a must)
  • Experience in position, exposure and commercial PnL reporting (preferred but not a must)
  • Key Responsibilities: _

Various platforms provide the core structure of our data capture for reporting purposes. Management of the data integrity in our system is essential as it provides all the base information in our PnL and exposure analysis. A strong understanding of physical deal economics and the key components are essential (Freight, Demurrage, Finance, hedging, pricing) as one core responsibility is to correctly set up inception profit and loss (PnL ). Once inception PnL has been established and agreed with the commercial team. From this point onwards the daily changes in PnL and exposure due to underlying market conditions, economics, basis risk and mark to market values are then assessed and a daily commentary of variances produced. Other key duties include ensuring all basis risk and volumetric positions are correct and appropriate hedge and pricing actions are taken to mitigate the company’s risk, and then ensuring all executions are correctly allocated within trading system.

Reconciliation of all estimates used in PnL to the final invoice value ensures our trading PnL is deemed to be finalized and correctly in line with our statutory requirements. This information is then used to drive the trade ledgers in the statutory accounts. The role also carries a large emphasis on the continual review and upgrade to processes and system to increase the accuracy and timeliness of our reporting.

Key Relationships and Department Overview : The key relationships of the role will be with the local and regional Trading, Operations, Finance, Accounting, Contracts, FX and Invoicing teams as well as Deals Desk Global Teams and Management.

Trafigura’s Deals Desk department is responsible of the Group’s Trading PnL Reporting and Hedging requirements of both physical and paper positions. It also acts an independent control department analyzing any risk that can arise from a new or current business activity, calculating, analyzing and reporting positions and exposures. It operates in partnership with front, mid and back-office functions to ensure that our reports and actions are accurate and representative of the dynamic business we are in. Trafigura’s Head of Deals Desk reports directly to the Group’s Chief Operating Officer.

We maintain a responsible and active culture where all staff recognize personal and collective responsibility to the business success with minimum risks.

About Us Founded in 1993, Trafigura is one of the largest physical commodities trading groups in the world. At the heart of global supply, Trafigura connects the world with the vital resources it needs. Through our Oil & Petroleum Products, Metals and Minerals, and Power and Renewables divisions, we deploy infrastructure, skills and a global network to move commodities from where they are plentiful to where they are needed most, forming strong relationships that make supply chains more efficient, secure and sustainable.

Trafigura also owns and operates a number of industrial assets including a majority share of global multi-metals producer Nyrstar and fuel storage and distribution company Puma Energy; and joint ventures Impala Terminals, a port and logistics provider, and Nala Renewables, a power and renewable energy investment and development platform. With over 1,000 shareholders, Trafigura is owned by its employees and employs over 13,000 people working in 48 countries.