BUNKER JOBS: Peninsula Seeks Risk Control Specialist in Singapore

The role is based in Peninsula's Singapore office. Image Credit: Peninsula

Global bunker supplier and trading firm Peninsula is seeking to hire a risk control specialist in Singapore.

The firm is looking for candidates with three to five years of experience within oil trading, and a strong understanding of risks and P&L attribution, it said in a job advertisement on LinkedIn this week.

The advertisement lists the following responsibilities for the role:

• Responsibility for the preparation and production of the daily P&L reporting process and timely provision of monthly key performance indicators to enable the business team to understand and manage commercial & trading performance, including daily volumetric exposure, stock control, P&L reporting, analysis, limit monitoring and monthly MI (Management Information) to MA (Management Accounts) reconciliations.
• Close liaison with sales desks and traders in contract locations to ensure data is accurate and timely; and, with the physical operations teams for reviewing all stock movements, either in tank, barges, waterborne, in pipe, etc (delivered or to be delivered).
• Help to implement process and system improvements to streamline activities performed by core team and enable increased focus on results analysis.
• Reviewing and checking daily physical and paper transactions have been posted correctly, are within Trading Delegations of Authority, and also to ensure the hedging is carried out correctly each day.
• Proactively providing to the business beneficial commercial analysis. Specifically, monthly commercial performance measures, fixed cost reporting and analysis, analysis of pricing and basis risk around physical operations.
• Stock control: To analyse the operative performance of our barges (loadings, deliveries, transfers, loss control) and terminals and look for cost reduction opportunities.
• Ensuring integrity of data through the implementation and use of suitable controls.
• Maintenance of suitable infrastructure in support of business growth.
• Assisting with the month end close process.
• Help coordinate and review the proper flow of necessary documentation, e.g. for validation purposes etc.
• Ad hoc (financial) analysis and reporting, as requested.
• General administrative duties. Maintaining suitable and robust audit trails.

For more information, click here.