Role Synopsis: This role provides commodity risk leadership and support for three key areas for IST – Global Structured Products (GSP) Finance, Global Oil Europe (GOE) Analytics and Central Risk. The role will design and implement fit for purpose financial controls for GSP, as well as supporting strategic goals for this global businesses and the wider GOE activities. The role will enable and support development of new capability and analysis for Market Risk globally for IST.
Accountable to the GOE Head of Commodity Risk to ensure that IST Finance & Risk global and regional solutions are fully leveraged to support GSP strategy and operations, and that financial metrics are fit-for-purpose
Design and support implementation and monitoring of functional and business objectives including: embedding commodity risk policy, process and systems into the GSP business; compliance with IST A&A operating standard; cash/working capital and financial return metrics are clearly understood, monitored and escalated appropriately; derivative assets are accounted for and fit into IST cash/working capital structure; support design of controls and monitoring for GSP
Provides assurance to the GOE Head of Commodity Risk that adequate controls are in place across the global business, which includes: design and implementation of the monitoring and control of cross commodity and cross region opportunities; lead continuous improvement opportunities and global standardisation efforts; identify opportunities to enhance operational rigour and control processes from front to back office
Understands and delivers appropriate monitoring activities in support of regulatory requirements
Assist the IST CRO to drive the global Market Risk agenda across IST
Assist the head of M&O in GOE in understand the risk associated with new activity (MVaR, NPVar, etc)
Support coordination and execution of the annual budget planning process using market commentary and numerical analysis, with each of the Regional Structured Products Leads to coordinate global picture for discussion and review
Drive analytics for market risk metrics, aligning with IT&S to ensure development of key metrics and support models to enable short/medium and long term strategic goals
Educated to a degree level or equivalent Essential Experience:
Understanding of derivatives and structured products together with associated cash flows, risk profiles and strategic drivers
Understanding of market risk concepts and their translation into successful systems outcomes
Project management and the ability to work with multiple stakeholders across commercial and functional leadership
Leadership and influencing skills across global teams
Deep expertise in risk analytics - to help support and educate GOE Finance and Risk teams
MBA, FRM or CFA
Good understanding of Credit and Operational Risk
Some experience of New Activity Integration and Project Management
IST fosters a diverse and inclusive workplace for all employees. We are proud of our stance on fairness, equal opportunity and meritocracy, which focuses on all of our employees reaching their full potential.
Internal Number: 5472830
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