Accounting Staff Specialist

Job Description

Job description / Role

Aramco energizes the world economy.

Aramco occupies a unique position in the global energy industry. We are the world\’s largest producer of hydrocarbons (oil and gas), with the lowest upstream carbon intensity of any major producer.

With our significant investment in technology and infrastructure, we strive to maximize the value of the energy we produce for the world along with a commitment to enhance Aramco\’s value to society.

Headquartered in the Kingdom of Saudi Arabia, and with offices around the world, we combine market discipline with a generations\’ spanning view of the future, born of our nine decades experience as responsible stewards of the Kingdom\’s vast hydrocarbon resources. This responsibility has driven us to deliver significant societal and economic benefits to not just the Kingdom, but also to a vast number of communities, economies, and countries that rely on the vital and reliable energy that we supply.

We are one of the most profitable companies in the world, as well as amongst the top five global companies by market capitalization.

Position Description

We are seeking an Interest Rate and FX Hedging Specialist to join the Credit and Market Division of the Financial Risk Management Department at Saudi Aramco.

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.

Duties and responsibilities

You will be required to perform the following:

• Analyze and quantify interest rate, FX and commodity risk exposure of the group and propose hedging strategies to mitigate such risks.
• Understand and report on market risk dynamics of the specific portfolio, key drivers impacting prices, volatility and values and their prospective impact on the risks and earnings of the portfolio.
• Ensure that volatilities, market prices, forward curves, correlations, and other key valuation components are accurately and consistently defined and updated.
• Assist in the setup, configuration and implementation of hedging of market risks and related risk analytic systems.
• Ensure that new business transactions and related risks are appropriately defined and captured by the Company\’s risk systems and risk methodologies.
• Analyze risks/return related to new business and markets and liaise with the business functions to assure constituent market risks are understood, are appropriate to risk appetite, correctly reported and where appropriate, hedged.
• Monitor positions against market risk metrics and limits and liaise with the business functions and risk control regarding potential limit exceedance.
• Perform stress testing on various portfolios in order to identify and mitigate unwanted exposure.
• Review policies and procedures and align risk policies across the Group.