Assistant / Market Risk Manager

Roles & Responsibilities:

1. Assist the Head of Risk Management in the implementation of the overall company Risk Management Framework (policies, procedures and methodologies).

2. Assist the Head of Risk Management in the assessment of risks and implementation of appropriate limits for new activities. Assess the materiality of gaps in the valuation and risk measurement of existing transactions.

3. Conduct regular review on the appropriateness of established limits, in light of current trading book strategies and monitor established limits and compliance to trading and control policies.

4. Responsible for effective monitoring, early warning and reporting of the trading books under his/her responsibility. To communicate effectively with front and back office personnel, as well as to ensure completeness and accuracy of data in the system. On a daily basis in accordance to the Company policies, to compute, monitor, analyse and report the exposure of the books, ensuring that the exposures are under the approved limits. Effective monitoring and understanding of market so as to mitigate potential risk events that the Company may encounter.

5. Perform monthly closing tasks as required for the books under his/her responsibility, and provide analysis for the profit and loss position for the books. Also to assist in the drafting of various reports as requested by the Risk Management Committee.

6. Possess a strong understanding of market risk valuation models, including the principles underlying VaR methodologies, and be responsible for maintaining and enhancing existing VaR models to ensure their ongoing relevance and effectiveness. Conduct stress testing, scenario analysis, and back-testing on a regular basis in accordance with requirements to ensure the validity and reliability of risk measurement results. In addition, provide value-added risk analysis and insights to Management and trading teams on sources of profit and loss, key risk exposures, and scenario analysis to support informed decision-making.

7. Gather and compile daily mark to market prices and any relevant data and information for dissemination to relevant personnel and uploading of the data into CXL system. Also to perform End-of-Day operations in CXL system.

8. Possess foundational knowledge of the biofuels market, including its market dynamics, business models, and pricing mechanisms.

9. Responsible for the hedging business of the account in charge, including but not limited to the review and monitoring of the hedging strategy, the evaluation of the hedging effectiveness, the accuracy and rationality of the hedging ratio calculation, the review of the monthly, quarterly and annual reports of the hedging business, and the compliance inspection etc.

Requirements:

1. University Degree in a relevant discipline is required. Post-graduate degree in Business, Economics, Finance, or other numerical discipline preferred;

2. Min. 10 years of relevant experience, including at least 5 years in similar capacity;

3. High degree of IT literacy as an enabler to the quantification, measurement & reporting of trading risks & exposures；

4. Demonstrate the following Supply & Trading Competencies:

• Understand the Energy Commodities Trading Industry & External Market (Skillful Application)
• Regulatory Compliance & Assurance (Basic Application)
• Market Risk Management (Skillful Application)
• Quantitative & Analytical Skills (Skillful Application)

5. Excellent communication skills, strong team player with ability to work collaboratively with external vendor, and internal staff in the Trading, Risk Management, Operations, Finance and IT Departments;

6. Possess strong business acumen, good team spirit and excellent organizational, communication & interpersonal Skills;

7. Meticulous, good organisational, time management skills and stress tolerance with proven ability to manage multiple priorities;

8. Effectively bilingual in both English and Mandarin (as the position needs to frequently communicate with English/Chinese-speaking stakeholders verbally/ in writing as well as to prepare and proof-read English/Chinese official documents and presentations whenever appropriate).