Scope: Refining and Manufacturing - Middle office team monitors risk assurance & control, reports performance and publishes analysis for physical and derivative trading undertaken in R&M business and ensuring RBI compliance and SEBI corporate Governance
The key role responsibilities for this role include ensuring validation of both physical & paper deals, ensuring regulatory compliance relating to derivatives, Daily exposure monitoring, adherence to relevant policies & guidelines, and review of MIS reports.
Key Responsibilities:
- Independent validation of Term Proposals of all physical deals received from Trading and valuation of Hedging & View based derivative proposal.
- Review & Report pricing exposure for commodity trades.
- Ensure compliance of deals if they comply with the internal policies, are within all relevant limits and are consistent with rolling plans, grade requirements & availabilities and the mandates / authority levels of the trader.
- Ensured RBI Regulatory compliance relating to derivatives and Disclosures on Commodity hedging and SEBI corporate Governance.
- Review of trading desk P&L & Performance report with detailed analysis.
- Hedge accounting, Review of MTM reports, Exception reports, Value At Risk report, GFRC report, Hedge effective report
- Daily Exposure measurement and advice to Trading for flat price hedging.
- Facilitate Statutory & Internal Audit and addressing audit inquiries.
- Identify any limit breaches, policy deviations and operational exceptions and escalate them accordingly.
- Review process controls & work towards improvement & Automation.
Required Qualification: MBA from top ranked colleges