RISK TEAM LEAD
SELLAFIELD ENERGY
Lagos, LA, ng
4d ago

JOB SUMMARY :

RiskTeam Lead is responsible for advising management on any potential risks to theprofitability, cost or existence of the company.

also responsible formanaging exposures to price, market, regulatory, operational and credit risk toensure business continuity, as well as identifies, assesses threats, profferssolutions and decides whether to avoid, mitigate or transfer risks

JOB RESPONSIBILITIES : TRADING CONTROL :

TRADING CONTROL :

  • Control & approve traders negotiated terms and conditions to ensure the company is competitive
  • Overseeand ensure trading operators negotiate contract strictly in line with DS as perTraders recap
  • STRATEGIC PRICE RISK MANAGEMENT :

  • Risk assessment : identify, analyse, and estimate exposures on sales andpurchase transactions
  • Risk evaluation : compare estimated risks with cost of potential optionsof mitigating or transferring such risks while considering legal and regulatoryfactors
  • Hedge prices exposures with futures, swaps and other financialderivatives when necessary
  • Maintain control over pricing using EFPs, triggers and other pricingmechanism
  • Plan, design and implement an overall risk management strategy for allcargo sales, purchases, tender bids etc.
  • Issueand approve final price calculation to enable finance process final commercialinvoice, debit notes or credit notes
  • MANAGEMENT ADVISORY &COMMERCIAL REPORTING :

  • Update monitor, and calculate P&L; making positions to market toevaluate prevailing profitability and exposure. Reporting exposure, P&L andyear to date report
  • Mark opened positions to market to evaluate prevailing profitability orexposures
  • Establishand quantify the organisation’s risk appetite’, i.e. the level of risk the company isprepared to accept
  • CHATERING & SHIPPING CONTROL :

  • Check freight rates and approve vessel fixture
  • Examine the important economic, financial,contractual and operational specifics of the deal and ensure the charter partyfits perfectly
  • FINANCE &ACCOUNT CONTROL & AUDIT COMPLIANCE :

  • Review and approve all supplier, customers and service providers invoiceto ensure information in Aspect and SAP is accurate
  • Optimise financing structure on sale and purchase transaction tominimise financing costs and maximize profitability
  • MonitorFOREX exposure and collaborate with finance to close positions and hedgeexposures where necessary
  • Preparing Tender, Bidding and KYC Documents
  • JOB REQUIREMENTS :

  • B.Sc in relevant field with 7 years of proven experience
  • A relevant post graduate degree as an added advantage
  • Specialization in financial analysis will be an addedadvantage
  • Ability to hedge cargoes and long term positions usingfutures, swaps and option
  • Wide knowledge of local and International Oil Markets
  • Knowledge of ICE, NYMEX, Platts quotations forrefined products at different locations ·
  • Ability to identify price exposure in transacti ons
  • Apply
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