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Gunvor

Independent commodities trading and logistics provider

Risk Officer: Power and Gas

Full-TimeUpdated
No salary listed
Mid, Senior
Bachelor's
Singapore
In Person
Finance & BankingRisk Management

About the job

Requirements
  • A university degree, preferably in Computing, Mathematics, Engineering, Economics, or Finance, from a top-ranked university.
  • Three to five years of experience in the commodity trading business, preferably within a major trading house or utility company.
  • A strong understanding of financial derivatives.
  • Proficiency in Microsoft Excel.
  • Fluency in written and spoken English.
Responsibilities
  • Develop and maintain risk reporting and analytics to communicate daily positions, profit and loss, and market risk to the trading and Origination team and management.
  • Analyze, model, and report market risk for all trading activities, and assess and monitor physical and financial trades.
  • Analyze daily mark-to-market valuations, risk positions, basis changes, curves and volatilities, and profit-and-loss results.
  • Challenge assumptions made by the trading and Origination team.
  • Coordinate and review deals and prices in the trading system by performing deal checks, price validation, curve updates, and data reconciliation; monitor timely deal capture, internal trading limits, and risk policy requirements to ensure transaction representativeness and integrity in the trading system.
  • Apply critical thinking to risk-reporting processes, quantification, and analysis of commodity exposure and forward price movements for trading activities.
  • Maintain, enhance, and review risk models; test new risk calculations, evaluate model assumptions against fundamentals, and communicate suggested modeling and valuation enhancements to improve valuation and risk quantification.
  • Communicate with Front Office, Operations, Trade Support, Finance, and IT regarding inputs and assumptions.
  • Work with the trading and Origination team to quantify and explain portfolio risk sources.
  • Contribute to reporting trading results and positions to senior management and translate trading results into accounting monthly.
  • Prepare reports and analyses for internal publication and, as applicable, the Management Board.
  • Work with Back Office, Finance, Credit, Legal and Compliance, and Business Unit Control to support control practices, operational efficiency, and policy and limit compliance.
  • Coordinate with Compliance to ensure compliance requirements are met.
  • Support and assist with process improvements, including system testing and implementation and desk-level processes.
  • Identify and communicate operational risk, and define risk-mitigating measures and priorities.
  • Complete month-end and year-end reconciliations with Finance and external auditors as required.
  • Provide backup and support for other desk Risk Officers as needed.
  • Perform ad hoc duties assigned by the Senior Risk Officer or manager.
Desired Qualifications
  • Experience in renewables and battery energy storage systems (BESS).
  • Experience in Australian or Japanese power markets.
  • Python scripting experience for data wrangling.
  • Knowledge of VBA, SQL, Access, or SQL Server.

About the company

Gunvor moves physical energy, metals, and bulk materials from where they are produced to where they are needed most. The company operates by sourcing these commodities and using its own network of refineries, pipelines, and storage terminals to manage the logistics of the global supply chain. Unlike many competitors that focus solely on trading, Gunvor invests heavily in industrial infrastructure and upstream assets to gain direct control over the movement and processing of goods. Its goal is to create sustainable value for customers by providing efficient and safe transport solutions for essential global resources.

Company Size

501-1,000

Company Stage

Debt Financing

Total Funding

$8.3B

Headquarters

Geneva, Switzerland

Founded

2000

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Simplify's Take

What believers are saying

  • Gunvor's first-half 2026 profits jumped 644% on volatility, showing exceptional trading leverage.
  • LCIA ordered PGN to compensate Gunvor for nine LNG cargos, strengthening cash generation.
  • Gunvor's broad bank support in June 2026 signals lenders still fund its growth aggressively.

What critics are saying

  • Swiss prosecutors searched Gunvor's Geneva office in June 2026 over foreign-bribery allegations.
  • The Rotterdam storage blast killed one worker in August 2026, intensifying operational and liability exposure.
  • Gunvor's 2025 net profit collapsed 85% to $104 million, threatening talent retention and credibility.

What makes Gunvor unique

  • Gunvor's 2026 management buyout created employee-owned control and installed Gary Pedersen as CEO.
  • Its trading platform secured $1.366 billion Singapore RCF and $2.34 billion U.S. borrowing base.
  • Gunvor now combines commodity trading with physical assets, including Bilbao's 785-megawatt BBE plant.

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Benefits

  • Professional Development Budget

Company News

Gulf Oil & Gas
Jun 13th, 2026
Gunvor Secures US$1.366 Billion Syndicated Revolving Credit Facility With Oversubscription - Financials and Investment

Financials and Investment: Singapore Oil & Gas news in Asia, Gunvor Secures US$1.366 Billion Syndicated Revolving Credit Facility With Oversubscription

GlobeNewswire
Apr 30th, 2026
Amaroq Doubles Revolving Credit Facility to US$70 Million

Reykjavík, April 30, 2026 (GLOBE NEWSWIRE) -- Amaroq Ltd.(“Amaroq” or the “Company”) Amaroq Doubles Revolving Credit Facility to US$70 Million ...

StockTitan
Apr 30th, 2026
Amaroq doubles revolving credit facility to $70M, cuts funding costs

Amaroq has doubled its revolving credit facility to $70 million from $35 million, whilst reducing funding costs and extending maturity to 1 May 2028. The amended facility was arranged with Landsbankinn and Gunvor Group, with Gunvor securing gold offtake rights for the Nalunaq mine. The facility carries a 7.50% margin over SOFR, stepping down based on last twelve months EBITDA milestones: 6.25% above CAD 25 million, 5.00% above CAD 50 million, and 4.50% above CAD 70 million. An origination fee of $385,000 (0.55% of commitments) applies. The facility is secured by property mortgages, share pledges, bank account pledges and a licence transfer agreement. CFO Ellert Arnarson said the enhanced capacity strengthens working capital for exploration and Phase 2 construction at Nalunaq.

Breaking the News
Dec 1st, 2025
Gunvor Group completes management buyout.

Gunvor Group Ltd announced a management-led buyout, with the management team acquiring full ownership from majority owner Torbjorn Tornqvist. Gary Pedersen, head of Americas since 2024, is appointed as the new CEO. The transaction aims to introduce new governance and structural changes for long-term growth in the U.S., Europe, and Asia. Pedersen will operate between Houston and Geneva during the transition. Additional board and executive changes are anticipated.

World Ports Organization
May 28th, 2025
Gunvor Invests in Artemis Technologies: £60M

Gunvor Group has invested in Artemis Technologies to support nonhydrocarbon maritime solutions. This follows a £33 million ($45 million) UK Government grant to the Artemis-led Belfast Maritime Consortium for zero-emission ferries, bringing total project investment to £60 million ($75 million). The investment will aid the development of the Artemis eFoilerTM, an electric hydrofoiling system, reducing fuel costs by 90% and emissions to zero for vessels carrying up to 350 passengers.