Wednesday, October 7, 2009

Director Crude - Financial Reporting & Systems

Apply for Job Here

# Essential Job Duties:Reporting and Analysis of market exposure including:
-The ability to analyze a trade and identify the unique market risks in pricing, delivery, and physical asset
-An understanding of how to represent those risks against market indices
-Insight into how to dis-aggregate the risk from its originating trade, transfer it between books, and report it with similar risks
# Reporting and analysis of Oxy’s principal trading areas, competitive market position and strategy; the principal risks Oxy trades; and how precision in Oxy’s risk measurement systems supports the strategy and trading tactics
# Work with Excel and relational databases to manage a trade and trading risk application by:

-Effectively using the application to extract information from ETRM
-Assigning the correct pricing methods and market exposure indices to the trades
-Maintaining cross-reference master data links between the risk model and ETRM
-Liaising with lease team and scheduling to ensure correct program management processes and the capture of program change information for reporting
-Running model valuations and troubleshooting issues
-Publishing daily exposure, mark-to-market P/L, and physical position reports

Liaising with back office to reconcile model P/L with financial P/L

# Interface with Traders to explain results, model unique trades, and provide value-added analytical support to the group
# Work with model developers to test new releases, define new enhancements, and optimize representation of trading portfolios in reports
# Ensure that model requirements are effectively represented in the ETRM project which will involve extensive testing
# Demonstrate an Expert role in risk and MTM on behalf of the group to explain the current state of the position and offer analysis and counsel in how to make or avoid losing money
# Continuously improve processes, timeliness & accuracy of information impacting OEMI’s positions
# Assist in business planning including budgeting and goals
# Requirements Minimum 7-10 years experience in a similar role providing analysis for a crude trading operation
# Bachelors Degree in a related field
# Demonstrated fundamental understanding of market risk theory and its application in physical trading
# Strong Excel, relational database (Oracle, SQL) knowledge and ETRM systems
# Demonstrated successful experience managing physical and paper oil portfolios, running risk models to quantify the imbedded risks.
# Strong communication skills in order to interface with Traders
# Strong analytical skills including ability to model unique trades, and provide value-added analytical support to the group
# Ability to communicate in I.T. environment

Additional Desired Qualifications:
# Masters degree in a related field
# Experience working with model developers to test new releases, define new enhancements, and optimize representation of trading portfolios in reports

Subscribe to Trading Jobs by Email

Find the latest Trading Jobs

No comments:

click me