Job Description

This role required candidate to permanently relocate at Dhahran, Saudi Arabia.

About the Company

This company engages in the exploration, production, transportation, and sale of crude oil and natural gas. It operates through the following segments: Upstream, Downstream, and Corporate. The Upstream segment includes crude oil, natural gas and natural gas liquids exploration, field development, and production. The Downstream segment focuses on refining, logistics, power generation, and the marketing of crude oil, petroleum and petrochemical products, and related services to international and domestic customers. The Corporate segment offers supporting services including human resources, finance, and information technology. The company was founded on May 29, 1933 and is headquartered in Dhahran, Saudi Arabia.

Job Summary

We are seeking an Interest Rate and FX Hedging Specialist to join the Credit and Market Division of the Financial Risk Management Department at This Company. The Interest Rate and FX Hedging Specialist is responsible for analysis, monitoring, and hedging of these market risks within the group. Additionally, experience with commodity risk hedging will be preferred. The successful candidate will assess market risk exposures, perform quantitative and qualitative analysis on positions and risks of the respective portfolios, and report the findings to risk management and to key areas of the Company. The specialist will interface with various internal departments, including compliance, finance, operations, and the trading desk, and also with other subsidiaries and joint ventures of the group.

Responsibilities:

• Analyze and quantify interest rate, foreign exchange (FX), and commodity risk exposure of the group.
• Propose hedging strategies to mitigate identified risks.
• Understand and report on market risk dynamics within the specific portfolio, including key drivers impacting prices, volatility, and values.
• Assess the prospective impact of market dynamics on portfolio risks and earnings.
• Ensure accurate and consistent definition and updating of volatilities, market prices, forward curves, correlations, and other key valuation components.
• Assist in the setup, configuration, and implementation of market risk hedging and related risk analytic systems.
• Ensure appropriate definition and capture of new business transactions and related risks in the Company\'s risk systems and methodologies.
• Analyze risks and returns associated with new business and markets, liaising with business functions to ensure understanding, appropriateness to risk appetite, correct reporting, and, when necessary, hedging.
• Monitor positions against market risk metrics and limits, and collaborate with business functions and risk control to address potential limit exceedances.
• Perform stress testing on various portfolios to identify and mitigate unwanted exposure.
• Review and align risk policies and procedures across the Group.

• This role required candidate to permanently relocate at Dhahran, Saudi Arabia.
• Bachelor\'s Degree in Finance, Economics, Mathematics, Engineering, or a related field. An MBA or other advanced business degree is preferred.
• Strong preference for a professional certification such as CFA (Chartered Financial Analyst), FRM (Financial Risk Manager), or PRM (Professional Risk Manager).
• Minimum of ten years\' experience in financial markets risk management, preferably in a corporate or bank environment.
• Experience in the development, implementation, application, and oversight of financial markets risk models, hedging alternatives, pricing, and hedge execution strategies.
• Prior experience and knowledge of trading concepts, derivative instruments, ISDA agreements, hedge accounting, and operations.
• Advanced proficiency in Excel.

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