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  • Job reference: RMS0168826

Risk Financial Advisor

  • Sector: Engineering
  • Location: Saudi Arabia
  • Job type: Permanent
  • Date posted: 30/09/2016
The Company:
Our client is a Multinational Chemical company which will construct, own and operate a world-scale integrated chemicals complex in Saudi Arabia. Once completed, the complex will represent the largest petrochemical facility ever built in a single phase. Our client will establish a world-scale manufacturing footprint that delivers a full range of value-added, performance products destined for the emerging markets of Asia Pacific, the Middle East, Eastern Europe and Africa.

The Role:
Job Purpose
Identify, evaluate, manage and monitor financial risks related to interest rate, FX and commodities and manage short term investments as per approved policy to protect company’s interests. Execute transactions (hedges) to manage Interest Rate, Foreign Exchange for company as per Hedging Strategy and Financial Risk Management Policy and in the direction setup by the CFO and Treasurer. Execute short term investments to manage investable surplus as per approved company policy

Functional Duties
1. Identify and analyze company’s exposure related to foreign exchange, interest rates
2. Monitor market(s) and provide guidance and quote identification to support the buy/lease of commodities by Procurement
3. Manage company’s financial exposure across asset classes and establish hedging strategy to minimize volatility risk as per approved policy and applicable regulations
4. Outline risk management instruments and hedging frequency to be adopted to manage exposure
5. Analyze, develop and periodically review risk management strategy and tools, benchmarking against industry best practices
6. Supervise execution of hedges across market risk categories as per agreed policy
7. Monitor MTM of hedged positions and re-evaluate strategy with changes in market environment
8. Manage short term investments of surplus cash as per policy, identifying best investment options (money market instruments, deposits among others)
9. Develop hedge documentation according to the policy and with the support of the controlling experts
10. Execute trades to hedge company’s exposure across Interest rates, FX and Commodities as per company’s risk management policy and hedging strategy in a timely, efficient and accurate manner. Execute short term investments in an efficient and accurate manner.
11. Forecast and simulate the impact of significant changes in the financial environment on hedging strategy and market exposure
12. Provide insight and forecasts on market developments and exposure position to support Corporate Risk Manager
13. Support the development of reports increasing visibility and management of exposures and management reporting
14. Perform other ad hoc job-related activities as requested by the immediate supervisor/manager
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