Compliance Risk Manager for Oil Trading

5 days ago


Singapore SHENGHONG PETROCHEMICAL INTERNATIONAL PTE. LTD. Full time
Job Description:

The Compliance Risk Manager plays a pivotal role in ensuring that all trading activities within the oil trading business adhere to regulatory requirements and industry practices. This individual will have a strong focus on Know Your Customer (KYC) compliance to mitigate risks associated with trading in the commodity market.

Main Responsibilities:
  • Perform KYC checks for onboarding new clients, suppliers, and counterparties involved in oil trading activities, ensuring adherence to legal and regulatory requirements.
  • Conduct vessel vetting to verify that vessels meet company standards for safety, compliance, and operational suitability.
  • Maintain organized records and ensure that KYC files are readily accessible for audits and compliance checks.
  • Support the Trading teams on compliance-related contractual clauses applicable to both physical and derivatives trading.
  • Identify and assess market, credit, and operational risks within the company's trading activities.
  • Develop and implement risk mitigation strategies to address identified risks, ensuring the company operates within its established risk tolerance.
  • Participate in external reviews and audits.
Requirements:
  • Bachelor's Degree in Business, Law, Risk Management, Finance, or a related field.
  • Minimum of 2 years of experience in risk control, compliance, or KYC role, ideally within the oil trading sector.
  • Proficiency in using risk management systems is preferred.
  • Strong understanding of KYC regulations and the oil trading sector.
  • Strong analytical skills with the ability to assess risk and investigate potential issues.
  • Proven ability to work collaboratively and maintain trust and integrity within a team.
Estimated Salary: SGD $80,000 - $120,000 per annum

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