AVP, Market Risk Analyst
Responsibilities
The commodities risk managers are responsible for monitoring commodity risk positions and for performing quantitative and qualitative analysis of all material positions and risks. They assess risk and liquidity, and report these findings to both Risk Management and the business regionally and globally. Specific responsibilities are:
- Identify and analyse all significant commodity risks across Energy (Power, Gas, Oil, Coal, Emissions), Metals (Precious and Base), Agricultural/Softs, Freight (Dry and Wet) and Exotics businesses and ensure the Senior Management are kept informed of these risks
- Report and monitor positions against Market risk metrics and limits. Liaise closely with the business to detail any overages and set limits
- Ensure risks are fed into and captured by the Bank’s risk system and risk methodology. Assist the setup, configuration and implementation and undertake user acceptance testing of new and upgraded risk management systems and upstream systems for risk
- Review risks related to new products, structured deals and business strategies. Liaising closely with the business and other support functions to determine these risks and ensure they are within appetite and correctly reported
- Identify stress tests to determine the circumstances under which the business portfolio could incur material losses
- Assist in ad-hoc risk related queries and projects; Specific risk analysis, CADII applications, reports and analysis for regulators
- Contribute to the development of the Risk team and to the positive working environment at the Bank.
Requirements
Essential
The candidate must have a good balance of experience, knowledge, personal and interpersonal competencies. Specific requirements are:
- Market Risk experience with a good understanding of key risk metrics such as VaR and Stress testing
- Good understanding of commodity markets
- An honours degree in engineering, maths, physics or other numerate subject
- The role will involve data analysis, report design and interfacing with the systems development group; the candidate therefore must have a good understanding of IT systems and their development process (but not necessarily be a programmer). Familiarity with Microsoft Excel essential, with VBA and MS Access highly desirable
- The team is based on the trading floor and has direct contact with traders all day. The successful candidate must be able to build strong relationships whilst maintaining independence. He / she must be able to handle disputes, negotiate with traders and will not shirk from enforcing difficult decisions
- Excellent communication skills, with the ability to communicate clearly and concisely with traders, senior management and other areas of the bank understanding the requirements of each group
- Excellent problem solving skills
Desirable
- Understanding of regulatory environment affecting Finance industry and the impact on market risk
- Motivation to deliver in challenging fast paced environment
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