Principal Advisor Market Risk

5 days ago


Singapore Rio Tinto Full time

**Principal Advisor Market Risk (VAR)**

**Why Explore**
- **Join us to build a legacy**
- **Real influence on the commercial business**
- **Complex, challenging, and fulfilling challenge**
- **Based in Singapore, global commercial hub for Rio Tinto with accessibility and visibility to senior leadership**

**About the role**

As part of its ongoing commercial strategy, Rio Tinto Commercial has established a trading division. The role of trading division is to enhance our commercial abilities in an agile structure that will capture additional value from optionality in our physical assets and contract portfolio with effective management of market risks.
- Maximise the value of Rio Tinto’s physical flows by placing our products optimally
- Optimise our portfolio and capture additional margin from the value chain
- Work with our assets to determine optimal products and volume to produce, sell and deliver.

We are looking for a Principal Advisor Market Risk (VAR) to work closely with the Market Risk Manager to build leading market risk management structures and systems in support of Rio’s trading activities. The core requirements of the role include the following:

- Understanding of both physical and financial commodities and industry standard approaches to the management of market risk. This requires a thorough understanding of market risk management concepts, models, instruments and exposure types (e.g. flat price, time spread, basis risk, non-linear risk, VaR, Stress testing, etc).
- Understanding of P&L concepts (e.g. MTM, Accrual, P&L explain, etc).
- Proactive in understanding the market risks in the portfolio and highlighting the build up of any market risk concentrations to relevant management as they arise.
- Ability to manage risk across global portfolio of commodities, and an ability to quickly absorb new market risk types (e.g. new commodity).
- Ability to define and implement market risk requirements in a CTRM system implementation and to articulate such requirements to the overall CTRM project manager. This includes definition of requirements (business analysis & specifications), user acceptance testing, and any other tasks relevant to going live with market risk requirements on the system.
- Good verbal and written communication skills.
- Keeping up to date with technical and industry developments in the field of market risk.

**What you will need for the role**

**To succeed in this role, you will have**:

- At least 5 years commodities market risk management experience inclusive of both physical and financial commodities
- Exposure to Front Office and trading positions
- Good understanding of financial instruments
- Strong technical skills in commodities market risk and P&L
- Track record of strong stakeholder engagement
- A team player who is also able to work independently and meet tight deadlines

**It would also be beneficial if you have**:

- Advanced knowledge and coding abilities in Python and VBA
- Experience of working with implementation of CTRM systems

**What we offer**
- A work environment where safety is always the number one priority
- A permanent position working directly for Rio Tinto
- A competitive base salary reflective of your skills and experience with annual incentive program
- Comprehensive medical benefits for employees and immediate family
- Attractive share ownership plan
- Company provided insurance cover
- Career development & education assistance to further your technical or leadership ambitions
- Ongoing access to family-friendly health and medical wellbeing support
- Leave for all of life’s reasons (vacation/annual, paid parental, sick leave)

***

**Where you will be working**

Rio Tinto Commercial puts the company’s value over volume approach into practice, with the goal of maximizing the value of our physical flows to improve both our business and that of our customers. Headquartered in Singapore, and integrated with Rio Tinto’s assets, hubs, and offices globally, our Commercial group works hand-in-hand with our product groups to ensure both the amount and types of products we produce meet our customer’s needs, and manage the trade-off between volumes, quality, cost and capital expenditure.

**About us**

**_As pioneers in mining and metals, we produce materials essential to human progress._**

Aluminium for cars and smartphones. Copper for wind turbines, electric cars and the pipes that bring water to our home. Iron ore to shape our city skylines. Borates that help crops grow, titanium for paint - and diamonds that celebrate the best things in life.

Our long history is filled with firsts. We’ve developed some of the world’s largest and best quality mines and operations, and our people work in around 35 countries across six continents.

**Creating an inclusive and diverse workforce**

We are a diverse team of talented, enthusiastic individuals who foster a culture of inclusion. No matter how they may differ, our people share one thing in co



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