Commercial Risk Analyst

About the role

Commercial Risk Analyst responsible for price risk management for crude/feedstock, petroleum products, and petrochemical products. The role involves analyzing market information, conducting hedging strategies, managing trade processes, and reporting to various committees to comply with risk management policies.

Key responsibilities

• Gather market information and analyze price trends in both fundamental and technical views, including demand/supply balance, planned and unplanned shutdowns, trade flow, seasonality, and forward price analysis
• Conduct hedging strategy and propose to Value Chain Management Committee (VMC) to get management approval, and explore/monitor opportunities to execute to minimize price risk
• Manage all trade processes including full confirmation, internal approval process to sign contract, and settlement including liaising between finance team and counterparties
• Prepare and report hedging progress/results to Value Chain Management Committee (VCM), Enterprise Risk Management Committee (ERMC) monthly, and Risk Management Committee (RMC) weekly, monthly and quarterly
• Liaise with Bank of Thailand (BOT) through Commercial Bank to get approval on commodity hedging and quarterly report to comply with money transfer monitoring control and regulation
• Manage International Swaps and Derivatives Association Schedule (ISDA Schedule) negotiation with new counterparties to strengthen hedging capability and product portfolio
• Lead and manage ISDA negotiation with counter parties (Banks and Traders) on commodity part to strengthen company hedging capability and portfolio
• Conduct compliance on Know Your Customer (KYC) process to assess all relevant information for counter parties' evaluation and manage information exchange
• Lead negotiation on term and condition with new counterparties to develop mutual ISDA Schedule
• Explore and develop hedging services to PTTGC's subsidiaries through shared service agreement or other contracts

About you

• Bachelor’s degree or higher in Engineering, Chemical Technology, Science, Petroleum/Petrochemical Technology, Economics, Statistics, Business Administration, or other related fields.
• More than 5 years of experience in the petroleum/petrochemical business, economics, or marketing.