Compliance Risk Manager for Oil Trading
5 days ago
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.
- 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.
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Risk Control and Compliance Officer
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Risk Control and Compliance Officer
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