Commodities Market Risk recruitment
An experienced Market Risk professional is required for a commodity trading company.
Key Responsibilities
- 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 the business’ market risk policies and ensuring their applications.
- Providing the market risk input required as part of the process through which new activities and projects considered by the Front Office are being evaluated and approved by GOE and IST;
- The running of risk models and production of market risk numbers (including MVaR, Stress Testing); 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.
- Working with the Middle Office to ensure that adequate market risk discipline and control prevails in the GOE business;
- Ensuring that risk models and methodologies used within GOE are in line with IST policy requirements. This would include for example the setting of requirements on stress-testing, etc.; and
- Providing input into the definition of IST-wide market risk policies and procedures by representing the business’ risk agenda.
Key Requirements
- A degree in a quantitative discipline (science, engineering, etc.) is a requirement. Professional qualifications in financial analysis, risk management, business or operations research would be desirable but are not required.
- The successful Candidate must have relevant experience, acquired working at a firm in a related field.
- Be familiar with the principles of market risk measurement and control.
- Have a good understanding of the alternative methods available to calculate value-at-risk, define appropriate risk factors, account for non-linear instruments, etc.
- Have practical experience using market risk systems, preferably but not necessarily in an energy environment.
- Be familiar with the practical difficulties/limitations of MVAR and other risk measures (volumetric limits, Greeks, etc);
- Must have a sound understanding of the need for a robust risk management framework in a trading environment and will know how risk limits should be set and controlled in order to ensure that the organisation only takes the risks it is comfortable with.
- Must also have a good understanding of the fundamentals of trading, including extensive familiarity with options, derivatives and other trading instruments.
- Have good programming abilities will be required, ideally in MATLAB, also proficiency in Excel VBA programming would be preferred.
- 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.
- Be very articulate and able to communicate complex issues to non-specialists in a concise and clear manner; and
- Demonstrate a strong focus on delivering solutions in a timely and effective manner with minimum guidance or supervision.
February 16, 2012
• Tags: Commodities careers in the UK, Commodities Market Risk recruitment • Posted in: Financial