Primary task to manage the crude oil risk. Working alongside the OTC and physical trading desks to ensure that all positions were correctly hedged, advising on hedge corrections and ensure that all residual exposures were fully understood. Reporting of position and Profit and Loss to London managers and Beijing. Developed the key management reports, risk policies, forward curve methodology. Introduced the concept of value at risk to the company and implemented it as a daily risk measure. Prior to hiring key departmental members I was handling risk for products and implemented the initial foundations of credit risk, formalizing KYC checks. Primary point of contact for trade capture system. Continual development and improvement of risk capture, metrics and reporting.

Hired to manage the existing exposure and hedging of the options portfolio until either all exposures had priced out fully or the portfolio was sold.

Junior trader on a cross commodity volatility trading desk, covering gas, power, emissions, dry freight, sugar and oil. Delta hedging of trading book, daily marking of curves and volatility surfaces. Pricing and quoting of options.

Daily reporting and tracking of risk positions taken by the crude and products desks. Monitoring, tracking, calculation and development of VaR. Ensuring that risk limits where adhered to advising both trading desk and management in the event of limit breaches. Directly reporting into senior management daily and through bi-weekly risk meetings.

Risk Manager for the options trading book. Additional responsibilities were for the calculation, explanation and reporting of Value at Risk for the entire energy department. Daily maintenance of forward curves. Risk management of structured deals, typically large refinery hedges.

Calculation and reporting of value at risk. Checking of futures positions reconciling with brokers statements checking of margin payments. Physical contract checking and invoicing.