Oil Risk Manager
Global Risk Management Pte. Ltd.
Since June 2015
Applying working knowledge of (a) physical oil exposures i.e. pricing, tankage, specs, (b) valuation and analysis of oil derivatives, (c) oil trading & markets, (d) key P&L and risk levers – to help clients structure across-the-barrel risk management/hedging programs and solutions.
Clientele covers the entire spectrum including airlines, shipping companies, refiners, suppliers, E&P players, industrial players, power generation/utilities – any company affected by oil price volatility.
Both for clients and as internal trade ideas, preparation of oil research and analysis that covers technical and fundamental aspects such as refinery margins, cracks, turnarounds, tenders, inventories, geopolitical factors.
Price curve construction and validation for pricing of strategies and for colour.
Designing new processes & systems and implementing improvements to existing ones.
Heavily involved and responsible for the entire on-boarding process and for day to day account management. This includes the credit analysis of financial statements for threshold proposal and approvals, ISDA/(CSA) negotiation with internal and external stakeholders, clearance of internal due diligence/KYC process, daily MTM valuation and sense checks as well as day to day structuring of hedges and trading.
GRM is part of USTC Group, one of the largest private companies in Denmark. Read here: http://ustc.dk/USTC/Company-profile.aspx
Risk Manager/Trading Analyst (Light Ends & Resids)
Coverage and rotation included Gasoline, Naphtha and Residuals in that order. Managed risk for both physical and paper books.
Responsibilities include :
Validate and challenge front office decisions from a risk management perspective while successfully managing both traders’ and management’s expectations.
Maintaining & monitoring correct positional risk exposures.
Construction, review & validation of price curves.
Capturing and actualising correct economics from deals, trades, program changes, blending, storage.
All reporting requirements to front office and management i.e. Expo, P&L, IAS, etc.
VAR limit supervision & oversight (able to generate and validate VAR though not needed as done by another team).
Designing and implementing improvements to existing systems and processes.
Derivatives (Institutional Desk)
DBS Bank Ltd
Covered Institutional clients consisting of banks, funds and corporates.
Traded derivatives of all asset classes but with a specialisation in interest rates for risk management and positioning.
Prepared technical analysis, market and macro research for internal and external consumption.
Created and improved existing processes. For example: Leveraged on excel VBA coding proficiency to produce programs that streamlined processes, created risk management program to match/tally trades on FX desk to ensure everything was hedged at EOD, consolidation and tallying of energy trades (10k+ quantum daily) for similar reasons, gold arbitrage, interest rate curve comparisons, ED LIBOR bootstrapping and reporting of essential economic data.
Institutional Banking (Energy Chemicals and Infrastructure)
DBS Bank Ltd
The banking and finance industry has not been the same since the 2008 GFC.
I was a successful applicant of the MAS Financial Graduate Immersion Programme in 2009 where only 80 of the 3000 candidates were hired by DBS.
Covered first tier institutional clients in the infrastructure sector.
Performed analysis and prepared deliverables relating to the financials, credit, ratings, financial models, due diligence, etc, of these companies in order to (a) grant new credit facilities, (b) refinance existing facilities, (c) review existing facilities where necessary.
PPP Asia-Pac Deal of The Year 2011: SGD2.8bn New Royal Adelaide Hospital
“F” Company Best Recruit, Basic Military Training 2014
Singapore Armed Forces