Commodity Risk Intern – VaR required recruitment
This opportunity for an Intern working for 1 year as a Risk Manager, with emphasis on VaR experience, 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..
Key Responsibilities
• Ability to calculate and report daily risk analysis on trading books
• Ability to share with the team the responsibility to maintain price databases
• To advise upon, 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
• To undertake assessments of a wide range of transactions, carrying out modeling and analysis as necessary
• To 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.
• Ability to use and understand trading concepts and identify the main influences that drive changes in prices and price relationships
• To regularly engage in discussion with traders and management about exposure taken
EDUCATION EXPERIENCE REQUIREMENTS
• Maths/Risk Management/Finance/Stats related degree or high degree of numeracy.
• An understanding of VaR and the oil market would be desirable.
SKILL SETS
• Strong analytical skills
• Strong Excel and VBA skills
• Good communication skills – must be able to understand others’ perspectives and relate complex ideas to different groups, including senior management
• The ability to challenge proposals constructively to help ensure they are robust, whilst maintaining excellent working relationships
• Must be able to work effectively in a team, flexibly handling a wide range of potential issues