Job Opportunity: Risk Advisor (Oil Trading)
Location: Abuja, Nigeria | Company: Oando PLC
Reports to: GM, Risk & Strategy
About the Job
Oando PLC is seeking an experienced Risk Advisor to join a dynamic team. The successful candidate will play a pivotal role in identifying, monitoring, and mitigating risks across our trading operations. Reporting to the GM, Risk & Strategy, you will ensure our trade activities align with the company’s vision and strategic roadmap. This is a fast-paced, collaborative role requiring keen attention to detail, analytical rigor, and strong communication skills.
Key Responsibilities
Risk Identification and Assessment
- Update and maintain the company’s risk management framework, ensuring alignment with strategic goals and regulatory standards.
- Test and improve the efficiency of internal control frameworks.
- Identify and assess risks (market, credit, operational) affecting the organization.
- Monitor macroeconomic, geopolitical, and fiscal risks, developing actionable mitigation strategies in collaboration with cross-functional experts.
Price Risk Management / Deals Desk
- Assess risk exposure related to product pricing, acquisition, storage, and arbitrage opportunities.
- Conduct trade profit & loss reviews with traders and back-office staff.
- Track and analyze trading positions and mark-to-market valuations.
- Ensure accurate deal entries into commodity trade risk management systems for both derivatives and physical trades.
Monitoring and Adherence
- Serve as system administrator for the trade risk management software, ensuring data integrity and compliance with internal procedures.
- Oversee risk management activities in other regions.
- Provide daily reports on risk control process deviations and advise traders and back-office functions on risk exposure management.
- Conduct regular internal audits of processes and controls.
Communication and Collaboration
- Collaborate with stakeholders across departments to foster an open dialogue about risk-related matters.
- Present complex risk concepts to both technical and non-technical audiences with clarity and empathy.
- Participate in financial reconciliation meetings with NOCs and trading counterparties, ensuring effective communication on risk management.
- Resolve conflicts related to risk decisions with professionalism and tact.
Scope of Responsibility & Accountability
- Prepare reports and analyses of trades, update trade trackers, and maintain monitoring schedules.
- Document policies and procedures for the trading division.
- Manage physical and electronic filing systems related to risk management.
- Monitor and report on market, operational, and credit risks in alignment with the company’s risk management policies.
Qualifications and Experience
- Bachelor’s degree in Accounting, Finance, Economics, or Analytical/Applied Sciences.
- 5-7 years of relevant experience in a structured business environment, including 3 years focused on business process reviews, internal controls, risk management, and financial statement analysis.
- Risk certifications (IRM, GARP, CMA, CERA, COSO ERM) are advantageous.
- Experience with a Big 4 Audit firm is required.
Knowledge and Skills
- Strong understanding of oil & gas markets and global commodity trading.
- Expertise in derivatives trading (forwards, futures, swaps, OTCs).
- Proficiency with trading platforms and market analysis tools (e.g., Bloomberg, Platts, Refinitiv/Reuters).
- Knowledge of risk and internal control frameworks (e.g., COSO).
- Advanced analytical, problem-solving, and process-led thinking skills.
- Excellent communication, networking, and relationship management skills.
- Ability to present complex information effectively and collaborate across teams.
- Strong ethics, attention to detail, time management, and multitasking abilities.
- High emotional intelligence and a passion for continuous learning.
Key Performance Indicators (KPIs)
- Timely and accurate capture of trade data.
- Prompt resolution of quality issues in trading operations.
- Compliance with policies, procedures, and service standards.
- Timeliness and effectiveness of investigations and risk mitigation recommendations.
- Minimal queries or issues from regulatory bodies and external audits.
How to Apply
Interested candidates should submit their CV and cover letter here.