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Trading Risk AnalystEngen

Western CapeSouth Africa
12 days0 Applicants
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job description - Trading Risk Analyst


  • You are passionate about supporting the business with risk mitigation strategies.
  • You have a reputation for integrity.
  • You are comfortable working with numbers (Volumes, Exchange rates, Project costings).
  • You have a good understanding of the Supply Chain Trading environment.
  • You are passionate about adding value to Engen at an integrated level.
  • You have excellent Business Information Warehouse skills. (Ability to extract volumes and costs from Allegro and SAP ERPM System.
  • You have excellent interpersonal, communication, problem-solving and analytical skills.
  • You are noted as someone that has a concern for accuracy and has a keen eye for detail.
  • You can work with people of various levels, both in the organization and in the broader business environment.
  • You work well in a stressful environment and with little or no supervision.

What you’ll have done before:

Baseline:

  • NQF Level 6 Diploma in Commerce/ Finance or equivalent.
  • Relevant IT Systems knowledge/training.
  • Minimum 3 years’ experience in Finance and Accounting.
  • Knowledge of Trading platforms and SAP.
  • Knowledge of Microsoft SQL and SQL report writing.
  • Ability to work successfully in a Team environment.

Advantageous:

  • Post Graduate Degree in Finance and Accounting.
  • Experience in ETRM Logistics/Distribution system design and implementation.
  • Knowledge of database management.

Exciting Challenges you might face in the role:

  • Operate in an ever-changing environment and navigate ambiguity.
  • Collaborate with various business divisions.
  • Lead and assist with various projects as part of the functions of your role.
  • Deliver excellence, amidst tight deadlines and high expectations.

What you’ll be doing:

  • Support and look after the Allegro application within Engen which are critical for business continuity in Supply Chain:
  • Managing trading platform where deals are captured and maintained.
  • Daily, monthly and annual reporting on various deals re profitability, exposure and risk profile.
  • Support Allegro system upgrades and maintenance.
  • Managing Trade life cycle ensuring accurate record keeping of trades and enabling the Trading Team to actively manage forex and commodity price exposure.
  • Business support, i.e. providing assistance to system users and resolving system errors. 
  • Daily validating of risk reports to monitor commodity price risk exposure.
  • Daily margin impact analysis (wrt East/West spread, crack spread, price movement and exchange rate analysis).
  • Risk system updated daily based on contracts with counterparties, both realized and unrealized positions recorded.
  • SAP system updated with month end positions for realized and unrealized deals.
  • Ensure positions are accounted for correctly in terms of Foreign Currency accounting. 
  • Managing user access to Allegro.
  • Work with the Data Base Administrator to ensure database is backed up and restored.
  • Conduct user acceptance testing for proposed Allegro patches and upgrades.
  •  Undertake user training.
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Engen is an oil and Gas company, that deals mainly in the downstream refined petroleum products market and related businesses.

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