Olivier Favre
Senior Middle Office Concentrate (Zinc And Lead)
Chene-Bourg,GE
Summary
Experienced and enthusiastic senior expert risk control professional with a broad risk expertise including P&L reporting, trading positions management, hedging, value at risk and credit risk reporting.
Overview
21
21
years of professional experience
3
3
years of post-secondary education
Work History
Senior Middle Office Concentrate
IXM S.A
06.2023 - Current
- Track and process all deals made by traders
- Ensuring data accuracy throughout the ETRM
- Maintaining and assessing daily risk exposure
- Daily PnL and position report publication (scales and market positions)
- Hedging of the market exposure for the physical books
- Monthly closing of the books
- Collaboration with the IT department to enhance and improve current systems
Senior Oil Expert Risk Control
OMV Supply & Trading Limited
1 2015 - 06.2023
- Secure daily operations and risk control activities out of ETRM
- Daily price curves assessment and validation/ new price curves set up in accordance with business request
- Maintenance or the trading calendars (futures expiry, holidays…)
- Full risk reporting for all trading desks and corporate including but not limited to trading positions/hedging, P&L, Value at risk analysis and credit risk (PFE calculation, assessment of securities in place)
- Report of any limit breaches (value at risk limit/stop loss limit/credit limit/volumetric limit) in daily reporting and on monthly basis to corporate risk and probe that trading remains within the limits defined by the rule book and the trading mandates
- Implement, develop, propose new risk management tools and reporting and promote process automation
- Support software migration from Endur V10 to Endur V17 by regular testing and report any potential defects
- Coordination with IT department and the technology consulting service for Endur maintenance purpose
- Report and explain month end figures to the accounting department
- External and Internal Audit support
- Daily contact with all the different departments to support business synergy.
Risk Controller
OMV Supply & Trading shipping
12.2010 - 01.2015
- Price curves management
- Future and swaps reconciliation
- Swaps invoicing
- Cash management
- Daily P&L reports for traders and management
- Storage set up in Tempest
- Trading Positions reports
- Value at Risk calculation/limits control
- Credit risk reporting /Credit lines renewal/PFE calculation
- Monthly Closing reports for accounting
- Check of trading business compliance with OMV trading mandate
- ETRM migration support from Tempest to Endur V10.
Risk Analyst
Rixo International S.A
01.2007 - 11.2010
- Build and maintain the full trading position on Excel (physical and derivative trades)
- Follow up the realisation of the physical transactions during the whole life cycle (bill of lading, quantity, product quality, nomination…)
- Execute futures and OTC/cleared swaps for daily hedging purpose
- Mediterranean market analysis (trading strategy): refinery margin calculation, hedge optimisation and daily market summary reports to traders
- Keep good relationship with brokers and other counterparts
- Trade finance (new physical transactions to propose and explain to financing banks)
- Statistical analysis
- Administrative tasks (Opening of Letters of credit, invoicing, futures and swap reconciliation).
Financial Analyst
Total Oil Trading S.A
09.2003 - 12.2006
- Middle office Naphta/Gasoline(2004-2006)
- Identify and communicate effective market risk to the traders
- Checking prices and report daily trading positions
- Communication with all the key partners to get all information useful for book analysis
- Daily explanation of P&L variations (Paper versus physical/costs)
- Statistical analysis
- Backoffice future (2003-2004)
- Daily futures and cleared swaps reconciliation
- Daily margin call calculation
- Futures expiry management
- Daily reporting for traders and Totsa subsidiary companies
- Daily contacts with the clearer and brokers in business with traders
- End of month reports for subsidiary companies (open and closed future and swap positions)
- Accounting reporting.
Education
Master of Political Science -
University of Geneva
12.1998 - 04.2002
Skills
Back office
Middle office
Risk Controlling
ETRM migrations ( Tempest to Endur V10 to Endur V17)
Financial and Risk reporting
Murex
Tempest
Endur (V10 and V17)
Microsoft office
Personal Information
Nationality: Swiss British
Placeofbirth
Switzerland
Languages
French
Bilingual or Proficient (C2)
English
Bilingual or Proficient (C2)
German
Upper intermediate (B2)
Spanish
Intermediate (B1)
References
References available upon request
Interests
Music
Fitness
Travels
Politics
Timeline
Senior Middle Office Concentrate
IXM S.A
06.2023 - Current
Risk Controller
OMV Supply & Trading shipping
12.2010 - 01.2015
Risk Analyst
Rixo International S.A
01.2007 - 11.2010
Financial Analyst
Total Oil Trading S.A
09.2003 - 12.2006
Master of Political Science -
University of Geneva
12.1998 - 04.2002
Senior Oil Expert Risk Control
OMV Supply & Trading Limited
1 2015 - 06.2023
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