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Risk Analyst

Tauber Oil Company is accepting applications for the position of Risk Analyst.

The Risk Analyst reports to the Head of Risk and is responsible for monitoring and reporting daily positions and Profit & Loss (P&L) to upper management.

RESPONSIBILITIES:

  • Analyze and report accurate mark-to-market valuations, risk positions, basis changes and profit/loss results on a daily basis. Emphasis should be placed on the analysis and explanation of day-to-day profit/loss variations and position exposure.
  • Assist and report on the compliance of all trading and position limits. Prepare Daily Position Report. Conduct daily risk meeting.
  • Maintain the ETRM (RightAngle) software, report all issues relevant to the system, implement and test modifications of the software.
  • Analyze commodity trading activities and monitor market risk and internal compliance of specified trade books. Bring forward initiatives and participate in development of market risk control & middle office processes.
  • Provide training and assistance to traders/schedulers relative to RightAngle. Coordinate and review deal input into the Risk system. Verify the accuracy and validity of all deals. Oversee the input of prices and basis values into the Risk system.
  • Understand the principles and strategies for managing basis risk and flat price risk. Calculate overall exposure of different positions.
  • Update and coordinate procedures for deal input, middle office operations and reporting functions. Assist with monthly accounting close and determination of accounting profit.

Education:

  • Bachelor’s Degree in Accounting, Finance, Economics, or related discipline required

Experience:

  • 2+ years industry experience in financial or energy trading environment

Other skills, attributes and abilities:

  • Proficient in Microsoft Excel at a high level, particularly pivot tables
  • Experience with ETRM system, Right Angle preferred
  • Detailed oriented and strong interpersonal skills
  • Demonstrated understanding of market exposure and mark-to-market reporting

Tauber Oil Company is an Equal Opportunity Employer: Females, Minorities, Veterans and Disabled