Market Risk Controller – Coffee recruitment
The role requires a practical and pragmatic individual with excellent communication skills, and the ability to develop solid relationships with the trading desks, the Divisional CEO, CFO, the various international subsidiaries and Group Risk as well as related support functions.
KEY RESPONSIBILITIES
Establish and maintain effective Risk controlling including:
- Assess and update existing risk systems, reporting and processes.
- Maintenance of new and consistent market risk management procedures.
- Reporting of daily Risk positions and PL.
- Back testing the PL against the Risk value and interpreting the results.
- Conducting stress testing, scenario and sensitivity analysis.
- Strategy/convention control and analysis to enhance insight into the Volcafe Division.
- Exception reporting on changes and deletions of existing trades.
- Price validation and discovery processes.
- Qualitative analysis and reporting.
- Introduction of concentration limits.
- Introduction of liquidity reserves, contract specific reserves, model reserves etc.
- Additional ad hoc investigations and projects to ensure adequate management and calculation of Market Risk.
- Realised income reconciliation with Finance.
- On boarding new transactions working directly with the CEO, CFO and other support functions.
- Maintaining the Coffee Division’s approved product register and ensuring that delegations and mandates are adhered to.
Monitoring, maintaining and managing an appropriate Market Risk Exposure within the Coffee Division.
- Regularly review limits to ensure that they match the risk profile of the business.
- Review new trading strategies and structured transactions on request.
- Value-at-Risk computation and analysis for each trading book.
- Identify and investigate any issues of non-compliance with limits within the Division
- Flag issues of non-compliance to the Divisional CEO and CFO, the Head of Market Risk and the Head of Group Risk.
- Preparation and submission of the Risk reports required by the Coffee Division Risk Committee (Market Risk section) Senior Management and the Board.
QUALIFICATIONS/EXPERIENCE
The ideal applicant will have at least 5 years of experience within a commodities house, energy trading company, Bank or Hedge Fund, active in physical commodity trading, including at least 4 years within a Risk Department working on Market Risks.
The successful applicant will also be able to demonstrate leadership skills, be a strong team player, bring enthusiasm and naturally have initiative to drive efficiency and change in a complex and global operation. Able to demonstrate ability to use risk expertise in order to add commercial value to the business and enhance risk adjusted returns on investment, in addition to the core risk management skills.
- Highly numerate with excellent academic record (strong quantitative degree or Masters in Finance/Economics).
- Excellent Market Risk knowledge with experience in developing and establishing controls and procedures within a large financial trading group (practices, processes and systems).
- In-depth Value-at-Risk knowledge.
- Strong options and physical commodities experience (fully understand the Greeks and the Risks linked to Physical and Options trading).
- Strong knowledge and experience of the commodity markets (ideally but not essentially) coffee or softs for both exchange listed products and OTC derivatives (Swaps, Options with ideally some exposure to structured products/exotic options).
- Exposure to asset backed trading and asset modelling would be beneficial.
- Confident in discussing complex issues with the CEO, CFO and Group.
- Strong analytical and presentational skills are essential with a good level of IT proficiency.
COMPANY BACKGROUND
ED F Man was established in 1783. Today the company is a leading provider of commodities, logistics and risk management services. We provide a comprehensive range of supply chain services in commodities from origination, production, sourcing, storage and delivery to risk management solutions.