Oil Risk and Market Analyst
Trafigura · Montevideo
Main purpose
The Oil Deals Desk is responsible for the risk analysis of trading profit and loss and exposure, serving as a key management control across all international and domestic oil trading strategies. The desk drives the production and management of daily reports that support this function, covering delta changes, deal economics, price exposure, hedge requirements, and ad hoc management reporting, ensuring leadership has the timely and accurate information needed to make informed trading decisions.
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. Production of the forward curve to mark to market positions is also a key element to the reporting, which implies candidates must have a strong understanding of market fundamentals, trends and structures in the markets they monitor.
- 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.
- Although a wide variety of skills are required to be able to complete the full role to the highest level, various elements of the core activities can be molded into a role that will ensure that a candidate will be exposed to every facet of physical metals/bulk trading and gain the required knowledge to successfully advance to higher levels of responsibility. The role actively encourages candidates to gain experience of the various business functions and departments and based on this knowledge intuitively assess circumstantial changes and the effect this will have to the trading PnL and therefore develop a deep knowledge of the industry.
Required qualifications
- Minimum 2 years’ experience in risk analysis of market analysis roles.
- Bachelor’s degree in economics, industrial engineering, actuarial science, accounting, finance, or other related fields.
- Good level of English, intermediate or equivalent to B2.
- Excellent level of Spanish, advanced or equivalent to C1.
- 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).
- Proficient in Microsoft Excel.
- Report writing skills.
Attributes for success
- Ability to work with multiple systems simultaneously.
- Strong work ethic and organizational skills.
- Ability to work under pressure in a fast-paced, dynamic environment while maintaining high standards of excellence and performance.
- Strong teamwork mindset and ability to collaborate with multiple departments and areas simultaneously, ensuring effective communication.
Equal opportunity employer
We are an Equal Opportunity Employer and take pride in a diverse workforce! We do not discriminate in recruitment, hiring, training, promotion or other employment practices for reasons of race, colour, religion, gender, sexual orientation, national origin, age, marital or veteran status, medical condition or handicap, disability, or any other legally protected status.