Commodities Risk Manager – VaR recruitment
This Risk position sits on the Trading floor and has an emphasis on VAR to evaluate the risk of potential loss in the trading book due to adverse market moves, and to provide a high quality, flexible analysis service within the Market Risk department. You will advise on quantitative and modelling issues to help the business maximise value, and control risk exposure. This position requires a pro-active approach to communication with our trading desks, and building excellent relationships with the Front Office.
Some of the key responsibilities within the role include:
• Using your ability to understand trading concepts and demonstrate familiarity with the oil market to identify the main influences that drive changes in prices and price relationships
• Responsible for calculating and running daily risk reports and conducting analysis on trading books
• Undertake assessments of a wide range of transactions, carrying out modeling and analysis as necessary
• Advise and directly contribute to ongoing system and model development for the measurement of risk, and carry out model reviews to help ensure best practice is followed
• Communicate results effectively with traders and senior management
• To proactively identify and communicate issues that may cause a surprise and ensure that reports or measurements present a reflection of this
• To regularly engage in discussion with traders and management about exposure taken
It is essential that you have an excellent understanding of the Oil market and the various products. You will have a proven track record within Risk Management including knowledge of VaR analysis. You will also need to be well educated and have a strong academic background. In return they are offering a starting salary ranging between £55,000 - £65,000 plus bonus and benefits. There are also amazing career opportunities for the right individuals including moving into the Front Office.