Head of Risk Management

Opportunity

Maersk Oil Trading (MOT) is responsible for supplying fuel to the Maersk fleet and plays a fundamental role in the fuel cost saving and optimization of our operations. Maersk is a front runner in the global decarbonization efforts in the industry and Maersk Oil Trading plays a key role in ensuring we can deliver our decarbonization commitment to our customers and the society.

We are looking for a result driven leader with hands on experience within risk management to join the MOT Leadership Team and head our newly formed risk management team.

About the job

As a senior leader and an active member of the MOT Leadership Team you will be reporting directly to the Head of Maersk Oil Trading. In your role you are expected to act as the senior risk advisor for MOT covering the global trading business with an excess of 12m tonnes of fuel per annum. You will design, build and lead an appropriate Market Risk function suitable for managing the risk for a physical, trading and financial business.

Below are some of the key tasks we expect you and your team will lead and be focused on:

• Lead the Risk Committee for MOT
• Act as a key control function. Monitor trader positions and tactics and opine where appropriate
• Reporting of VaR, Trading limits etc.
• Design and implement stress testing scenarios of existing portfolio and potential new transactions
• Design and maintenance of valuation curves including independent price verification
• Analyse complex and structured transactions and the hedging strategies around them including in depth model review
• Ownership of key policies such as Risk Policy, Trading guidelines, etc.
• Ability to identify and escalate red flags across the portfolio.
• Ensure a Risk control environment suitable for a large, listed organization.
• Ownership of the CTRM, including key deliverables around design and maintenance.
• Manage the communication of MOT trading risk and controls to Group Risk.
• Lead, develop and coach team members.

Requirements

At Maersk, we believe in the importance of leadership and we expect you to be an experienced Risk manager who can motivate a team, positively engage with other departments across MOT to build sustainable processes and actively participate in creating a great working environment across the organization. As part of the MOT Leadership Team, you will be a role model for others and drive the organization to constantly challenge status quo and become better. You will also engage with senior stakeholders across the A.P. Moller-Maersk organization, e.g. Risk, Treasury and Finance.

We believe you will thrive in the role if you recognize yourself in below description

• Commodity trading experience, with specific detailed knowledge of oil markets
• Recent hands-on experience within the risk management
• CTRM knowledge
• Preferably experience with a large, listed organization
• Experience working within a large matrix organization will be an advantage