Senior Risk and Trading Manager

 

Circle K is Ireland’s largest Forecourt Retailer with Retail Service Stations across the island of Ireland. 

 

Title: Senior Risk and Trading Manager  

Location: Dublin, Ireland

Entity: Circle K Ireland Fuel Trading Limited

Reporting to: CKIFT Director of Supply and Risk Management

Department: Global Fuels / CKIFT            

 

Circle K Ireland Fuel Trading (CKIFT)

CKIFT is the European wholesaler for fuel for Circle K. CKIFT purchases all fuel requirements for 8 countries and manages the stock and price risk across a multi-billion-dollar portfolio, including 6 currencies and 100+ terminals. CKIFT holds the global fuel risk mandates and is responsible for all risk management activity in Circle K.

CKIFT is part of Alimentation Couche-Tard a global leader in convenience retailing, with 16,000 sites in 27 countries and employing more than 133,000 people

 

Job Description: 

We are looking for an experienced risk management and trading professional to join an exciting team in Circle K.

The position is responsible for the management and control of financial risk for CKIFT. This position requires a deep understanding of the activities within market risk in order to meet the team’s core accountability of delivering independent daily exposures, P&L reporting and analysis. The role will develop hedging strategies and manage price exposure in line with the relevant ACT mandates, and as approved by the CKIFT Director.

One of the key responsibilities of this role is the analysis and interpretation of the CKIFT and Risk P&L’s. you will be required to explain and report on the management of the risk from hedge execution to P&L result.

The successful candidate will be exposed to all elements of the global fuels supply chain, from sourcing to sales. Within this team you will have the ability to learn all elements of the business to ensure we are managing and controlling our prise risk effectively and implementing the right hedging strategy.

 

Key responsibilities: 

  • Oversee company financial and price risk due to physical and price exposure
  • Develop and implement risk management and hedging strategies
  • Implementation of risk matrix and KPI’s reporting
  • Var reporting
  • Develop a deep understanding European Biodiesel and commodity trading business, exposures, strategies and market fundamentals.
  • Develop a culture of risk management within the Global Fuels organization
  • Execution of daily and monthly hedges
  • Development of Internal hedging strategies inline with the market requirement
  • Owner of risk process and controls for CKIFT
  • Owner of 3rd party relationships with banks and external counterparties
  • Review and analysis of FX and treasury risk
  • P&L Analysis
  • Evaluation of current and future risks

 

Individual requirements:

  • Preferably degree level with relevant recognized qualification
  • 5 -10 years relevant industry experience
  • 5 years risk management experience
  • P&L Management and analysis
  • Knowledge of market risk methodologies, pricing and hedging practices
  • ICE Futures trading experience
  • A proven ability to combine initiative with team working
  • Project management experience
  • Exceptional attention to detail and excellent written and oral communication
  • Excellent PowerPoint / Presentation skills 
  • Excellent analytics and reporting skills
  • ETRM/CTRM experience
  • Financial qualification (desirable)
  • Fuel pricing experience (desirable)