Commodities Market Risk manager recruitment

The Role

• Daily management of the respective market risk team, setting expectations, motivating and developing individuals.

• Continuously engage with Front Office to understand the trading strategies.

• Providing the coordination/drive for the identification of market risk issues within the Oil business, identifying possible solutions and coordinating implementation of the preferred approach with Middle Office and IT.

• Interpreting market risk policies and ensuring their applications.  You will be working with other Market risk teams to ensure consistency on policy implementation wherever possible.

• Provide the Market Risk view for new products/activities and significant transactions for those approved at the regional level and provide advice to the Head of Market Risk Europe for those products/activities and transactions that need sign off.

• Oversee the running of risk models and production of market risk numbers (including MVaR); Providing explanation of why these numbers have changed, and interacting with Front-Office in understanding the trading strategies underpinning the risk that is being measured.

• Ensuring that risk models and methodologies used within the business are in line with company policy requirements. This would include for example the setting of requirements on stress-testing, etc.

The Candidate

• The successful candidate must have relevant market risk experience and will be familiar with the principles of market risk measurement and control.

• He/she will have a good understanding of the alternative methods available to calculate value-at-risk, define appropriate risk factors, account for non-linear instruments, etc.

• The candidate will also have practical experience using market risk systems. He/she will be familiar with the practical difficulties/limitations of MVAR and other risk measures (volumetric limits, Greeks, etc).

• The candidate will also have a good understanding of the fundamentals of trading, including extensive familiarity with options, derivatives and other trading instruments.

• The candidate is expected to have financial modelling experience, and be familiar with the use of option valuation models, Monte Carlo simulations and other forms of quantitative analysis. Practical experience of this must be demonstrated and is a prerequisite.

• The candidate must be a team player able to operate within a complex and dynamic trading business.