Senior Expert Risk Control

Job description

Overview of the company We, OMV Petrom Global Solutions, are proud members of the OMV IT community. OMV IT delivers industry best practice solutions which enable our business success in the Energy Production and Distribution industry. It is our vision to "Enable Success and Transformation!" and our mission to address this goal with the right capabilities, at the right time, with the right mindset.We are at the core of user experience on both sides of the isle: business and our consumer market. We challenge the status-quo. We are partnering with business experts to shape the future service portfolio of our digital tools. Thus, we have a key role in OMV’s Digital Transformation. Together, we are on a never-ending quest to test the edge of what is possible. We strongly believe each end every IT employee makes a difference in that respect. Your tasks Establishes, regularly reviews and improves the market risk framework for the identification, assessment, mitigation, monitoring and reporting of commodities, foreign exchange and other relevant market risks within Gas & Power OMV Petrom Division, in line with OMV Group risk management principles. Coordinates and integrates market risk control activities across Gas & Power OMV Petrom Division, ensuring consistent application of risk processes, governance standards and internal directives across all relevant markets and business activities. Monitors, controls and enforces compliance with applicable market risk limits, internal regulations, directives and governance requirements across Gas & Power OMV Petrom Division. Performs independent market risk assessments for current business activities and potential new activities, products, markets and instruments. Reviews market conformity of prices, exposures, correlations, volatility and other relevant risk drivers, ensuring that market risk indicators are accurate, consistent and fit for management decision-making. Is responsible for the market risk content of the Annual Hedging Plans, including the definition of hedging guidelines, risk measures, monitoring requirements and reporting approach. Defines, implements and monitors financial instruments used for hedging purposes, including FX hedging instruments, swaps and other relevant commodities or financial derivatives. Evaluates and reports hedge positions, including hedged volumes, hedge status, stock hedge quantities and other relevant operational hedge indicators. Computes, reviews and reports mark-to-market valuation of hedges and related market risk positions. Monitors and reports the PnL result of hedging activities and support the explanation of relevant movements, deviations and performance drivers. Your skills Education: Master’s degree in Economics or any comparable education Relevant professional experience: >5 years Excellent understanding of finance and business areas Strong knowledge of commodity, foreign exchange and financial market risk management principles, methodologies and governance frameworks. Solid understanding of hedging strategies, financial instruments, mark-to-market valuation, PnL analysis, VaR, exposures, correlations and volatility indicators. Ability to assess market risks independently and translate complex risk topics into clear, practical recommendations for management and business stakeholders. Strong analytical skills, with the ability to interpret market data, identify risk drivers, monitor deviations and propose appropriate mitigation measures. Good understanding of energy markets, trading activities, commercial contracts and risk-relevant contractual provisions, including EFET-related topics. Experience in designing, implementing and improving risk reporting processes, controls, methodologies and system-based monitoring tools. Ability to work with CTRM, ETRM, market risk and reporting systems, and to support system implementation, enhancement and integration initiatives. Strong stakeholder management and communication skills, with the ability to cooperate effectively with Trading & Origination, Finance, Operations, Back Office, management and Group risk control functions. Location Bucharest (PC) What OMV Petrom can offer Long weekend plans are always welcome - on Friday, our office hours end at 14.00. You can rely on a health insurance that covers medical treatment in a variety of private medical clinics. You can work from home, if the work activity allows. The number of your days off increase according to your work experience so that you'll enjoy more free time. We aim to make your vacation days happier, by paying each vacation day double. Are you a top performer? Your work can be rewarded each three months based on performance results. Additional days off and various financial support for different events like marriage, child birth, etc. Access to LinkedIn Learning and a variety of development programs. Do you prefer cars or bikes? We have free private covered parking.