Overview
Role Overview Reporting to the Head of Risk & Supply, the Market & Commercial Risk Analyst's main function is to calculate, record, monitor and report the valuation of Inver Energy's positions for oil inventory and sales. This includes providing daily risk and performance information to the management team, with analysis and commentary on positions, risk measures and performance movements. The Analyst also advises the Risk team on hedging trades and develops and analyses hedging strategies to continually reduce Inver's hedging costs. The Risk Analyst works as part of a multi-functional team including personnel from commercial, risk, supply and finance teams to perform both risk and commercial analysis tasks, along with business strategy analysis. The role also involves working with Finance in the preparation of management accounts, along with forecasting, nominations, and operating assumptions.
Job Description
The key responsibilities involved in this role include:
* Prepare and manage the daily hedging diary
* Advise the trades required to hedge Inver's oil inventory and sales positions
* Record and track all risk management and paper transactions for oil and currency
* Prepare, update and disseminate Daily Risk Management MTM Position Reports
* Allocate and record internal allocation of paper and currency hedges
* Allocate and record sales against inventory
* Check and document forward curves used for position valuation against available market data from Information Services, Journals, and broker reports
* Provide analysis of risk measures, checks against authorized limits, stress test positions as appropriate, and validate P&L and trading strategies for Supply, Marketing, Finance and Senior Management
* Communicate on a timely basis
* Monitor and improve risk system interfaces and information flow
* Assist in evaluation of varied projects across the business
* Analyse and understand pricing and sales margin calculations
* Analyse pricing and forecasts of Inver's RED III and FQD obligations under the Renewable Transport Fuel Obligation Scheme
Qualifications and skills
* Advanced Excel skills - must be confident in building, maintaining, and optimising complex spreadsheets
* Masters, degree or equivalent qualification
* Analytical mindset & ability to think strategically
* Previous experience in commodity
* Track record in achieving KPIs
* Ability to build strong relationships and influence effectively (at all levels)
* Ability to work on own initiative
* Self-motivated and ability to juggle multiple, conflicting priorities
* Customer focused
* Excellent attention to detail
Benefits
Competitive Salary
Discretionary Bonus Scheme
Seniority level
* Entry level
Employment type
* Full-time
Job function
* Finance and Sales
Industries
* Banking
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