Job Summary
The primary function of the Risk Advisor is to assist the GM, Risk & Strategy in reviewing, monitoring and assessment of the company’s trading activities in alignment with OTD’s vision and strategic roadmap.
Specifically, the incumbent works in a fast-paced environment to: monitor trade activities from inception to conclusion, identify and mitigate risks in real time, maintain an effective internal control framework for the organization, ensure the accuracy and completeness of data in the trading software, assist with periodic review of processes and procedures for all job functions, organize, conduct internal process and control audits, key risk indicator reporting and as well as other assigned tasks from superiors.
Key Responsibilities
Risk Identification and Assessment
Reviews and update of the company’s risk management framework/policy and ensures it remains aligned with the company’s vision and strategic direction as well as existing regulatory frameworks.
Regularly tests the company’s internal control framework document for efficiency and areas of improvement.
Identifies, analyses, evaluates, prioritises monitors reviews and communicates the risks – market, credit, operational – both internal and external to the organisation.
Monitor and report on macro, micro-economic, geopolitical and fiscal risks to business continuity, advise on mitigation plans with input from departmental experts in Trades, Operations, Finance, Legal and Governance, develop and execute mitigation plans whilst concurrently optimizing policies, processes and procedures.
Price Risk Management/Deals Desk
Evaluates exposures in product pricing, acquisition, storage, seasonal and regional arbitrages.
Carry out trade P & L reviews with traders and back office, position reporting and mark to market valuation of trades.
Tracks the trading positions of physical and paper trading desks, analysing the associated risk and daily profit or loss along with variation margin requirements.
Performs deal entry into commodity trade risk management software for both derivatives and at-risk physicals.
Monitoring and Adherence
Serve as systems administrator for commodity trade risk management software, ensure entries are done in accordance with laid down procedures and carry out periodic audits.
Serve as over-sight for Risk personnel in other regions.
Advise traders and all back-office functions, acting as internal consultant, on transactions, deal structuring and exposures.
Evaluate and report daily on deviation from established internal control processes
Provide actionable recommendations that balance risk management with organizational objectives.
Communication and Collaboration
Serve as systems administrator for commodity trade risk management software, ensure entries are done in accordance with laid down procedures and carry out periodic audits.
Serve as over-sight for Risk personnel in other regions.
Advise traders and all back-office functions, acting as internal consultant, on transactions, deal structuring and exposures.
Evaluate and report daily on deviation from established internal control processes.
Key participant in financial reconciliation meeting with NOCs and trading counterparties.
Provide actionable recommendations that balance risk management with organizational objectives.
Work closely with stakeholders across departments to build trust and foster open dialogue about risk-related matters.
Clearly and empathetically communicate complex risk concepts to both technical and non-technical audiences.
Manage conflicts related to risk decisions and facilitate resolutions with professionalism and tact.
Scope of Responsibility & Accountability
Development of reports and analysis on trades
Updating trade trackers and monitoring schedules
Policy and procedure documentation for the OTD functions
Updates of market prices and integrity of commodity trading risk management
Management of physical and electronic filing systems
Monitoring market, operational and credit risk levels for the business in line with the Risk Management Policy.
Qualification and Experience
1st degree in Accounting, Finance, Economics or any of the Analytical/Applied Sciences
5-7 years’ cognate work experience, in a structured business environment with an intermediate level of understanding of oil industry markets and three-year experience in the development and review of business processes, risks, internal controls and financial statements.
Risk certification (IRM, GARP, CMA, CERA, COSO ERM) completed or in view would be an added advantage.
Big 4 Audit firm experience required.
Knowledge and Skills Required
Oil & Gas Industry Dynamics & World Markets
Commodities Trading (Oil & Gas Products)
Derivatives Trading (Forwards, Futures, Swaps, OTCs)
Familiarity with trading platforms, market analysis tools, and databases (e.g., Bloomberg, Platts, or Refinitiv/Reuters).
Statistical and qualitative analysis
Risk and Internal Control frameworks – COSO
Networking and Relationship Management with internal and external stakeholders.
Creativity, Innovation and problem-solving
Passion for independent learning and leveraging on internal resources for professional development.
Process-led thinking and able to disseminate information specific to different audiences.
Excellent interpersonal and communication skills, including good presentation and report writing skills.
Judgment, decisiveness and self-discipline
Strong code of ethics
Attention to detail, high degree of time management and multi-tasking
High Emotional Intelligence, self-driven and able to collaborate in a team.
Key Performance Indicators
Timeliness in the capture of trades into the trade software
Prompt resolution of quality issues arising from trading operations
Compliance rate with laid down operating policies & procedures & service standards
Timeliness in conducting investigations and effectiveness of recommendations and findings
Number of queries from the regulatory authorities and external audit reports
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