Publisert: 26.11.10

Western Bulk is a leading freight trader and operator in the Handysize and Supramax segments. We are a global team of 85 people from 12 nations and we work from Oslo, Singapore, Santiago and Seattle. In 2009 we had on average control of 95 vessels, carried 18.5m tons of cargo and had a turnover of USD 736m. Western Bulk is structured around 7 business units. Each unit is responsible for its own trading result and they use ships, cargoes and derivatives for directional, and/or arbitrage strategies in worldwide and regional markets. In many ways the individual business units resemble hedge funds as they are free to do any freight strategy within defined risk limits. 2 business units are in Oslo, 3 in Singapore, 1 in Santiago de Chile and 1 in Seattle. Now we are looking for a Sivilingeniør to join our risk management team. The risk management team is responsible for monitoring and cultivating market risk, credit risk and liquidity risk. We facilitate the business units with exposure analysis, risk limit control, risk trimming and counterpart approvals. The risk team also has direct reporting lines to the CEO and provides crucial company controls and feedbacks on business unit performance and business structuring. The team currently employs 2 Sivilingeniører from NTNU (fys.mat and ind.øk), 2 Siviløkonomer from NHH as well as one Singapore- educated specialist. To join our risk management team you should: Have a very good understanding of statistics, probability theory, mathematics and financial modeling Have a good helicopter view as well as an ability to address “on the ground” details Be an independent thinker and have an ability to set standards more than copying standards Have commercial drive coupled with high personal integrity Be willing to spend some time abroad, especially in our Singapore office