Senior Operational Risk Analyst at Petroineos Trading Limited | GB | Rezi

Senior Operational Risk Analyst at Petroineos Trading Limited

Senior Operational Risk Analyst

Petroineos Trading Limited · GB

2 weeks ago

Senior Operational Risk Analyst

Petroineos Trading Limited · GB

17 days ago
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About the Role

This is a key role to support the development and implementation of Operational Risk management across all European based PetroChina entities. The role encompasses new business setup to operational control review, monitoring and testing. We are seeking individuals who understand the risks of operating an expanding multinational commodity organisation and who possess the drive and inquisitive nature to improve the risk and control practices within it.

Responsibilities

  • Act as a subject matter expert on Operational Risk, providing advice and guidance to senior management and the business.
  • Support the development and maintenance of operational risk frameworks for risk identification and assessment.
  • Manage the New Business Assurance process and contribute to risk oversight for new initiatives and projects.
  • Support the development of the operational risk agenda to meet audit, policy, or regulatory requirements.
  • Support the design and operation of the Risk Control Self-Assessment methodology and reporting.
  • Conduct incident investigations to drive performance improvements and business process enhancements.
  • Extract, validate, and consolidate data to produce monthly Trader KPI reports.
  • Introduce new starters to Risk Policy and company policies, ensuring understanding of roles and controls.
  • Support IT projects by providing Operational Risk and control expertise for new systems and technology solutions.

Requirements

  • Relevant Bachelors Degree, or equivalent.
  • A professional background within Commodities.
  • Qualifications in Risk, Accounting, or Audit may provide an advantage.
  • Detailed working knowledge of operational risk best practice application and implementation (e.g., Basel II, COSO).
  • Detailed knowledge of operational risk and control processes and practices, including experience in their application.
  • Knowledge of Operational Rigour / Testing Frameworks and practices.
  • Proven experience in design and testing of controls.
  • Working knowledge of the energy trading (Oil, Gas, LNG, Power etc.) and supply chain business.
  • Working knowledge of front-to-back office best practices.
  • Working knowledge of the energy transaction lifecycle.
  • Experience of controls and the setting up of controls environment (e.g., Basel II, COSO).
  • At least 6 years of experience within an energy trading and/or risk environment, including Operational Risk or associated roles.
  • A background within other management and control functions (e.g., Commercial Finance, Risk Management, Accounting, Audit, Internal Control, Business Change, Business Assurance, or a related Risk Consulting Practice).
  • Strong verbal and written communication skills; initiates communications within the team to learn and share knowledge and follows up to ensure message is received.
  • Ability to communicate well with front, mid, and back-office personnel as well as senior levels of management.
  • Listens attentively, seeks to understand others viewpoints, and tests for understanding.
  • Ability to communicate complex issues simply.
  • Able to take and maintain an independent approach and challenge where appropriate.
  • Ability to balance operational risk management theory and practical best practice implementation with commercial and resource constraints.
  • Ability to prioritise multiple tasks to meet deadlines in a fast-paced environment.
  • Strong IT skills and aptitude.
  • Experience of working with large sets of data and producing reports.
  • Experience with energy trading risk management (ETRM) systems such as Endur and Symphony.

Skills

  • Operational Risk
  • Risk Management Frameworks
  • New Business Assurance
  • Risk Control Self-Assessment
  • Incident Investigation
  • Data Extraction and Validation
  • KPI Reporting
  • Risk Policy Guidance
  • Segregation of Duties (SoD)
  • IT Project Support
  • Commodities Background
  • Energy Trading
  • Supply Chain Business
  • Front-to-back office best practices
  • Energy Transaction Lifecycle
  • Controls Design and Testing
  • Verbal and Written Communication
  • Independent Approach
  • Prioritization
  • IT Skills
  • Data Analysis
  • ETRM Systems (Endur, Symphony)

Location

  • London, UK

Work Type

  • Permanent
  • Full Time
  • Hybrid (4 days per week in office)

Experience Level

  • Senior
  • At least 6 years experience

Education Level

  • Relevant Bachelors Degree, or equivalent

Salary/Compensations

  • Competitive salary (commensurate with experience)

Benefits

  • Private Medical Insurance
  • Dental Insurance
  • Travel Insurance
  • Life Assurance
  • Annual Gym Allowance
  • Contributory Pension Scheme
  • 25 days annual leave
  • Discretionary Bonus

About the Company

  • Petroineos Trading Ltd is a trading and refining joint venture between INEOS and PetroChina International (London) Company Limited founded in 2011, with its headquarters based in London.
  • The Operational Risk team also covers PetroChina International London and PetroChina Netherlands.
  • The trading activity is structured around asset-driven and entrepreneurial trading teams in Oil, Refined Products, Biofuels, Gas, Power, LNG and Emissions.