Market Risk Manager
Based in London you will be responsible overseeing for all our wide range of businesses, ranging from physical trading of soft commodities and brokerage to complex options and structured financial products. The role will report directly to the Head of Risk.
The ideal applicant will have at least 6 years’ experience within a Bank or Hedge Fund, active in commodity trading, including at least 3 years within a Risk Department working on Market Risks.
Strong analytical and IT skills are key but the role also requires the ability to effectively influence and to develop strong co-operative relationships with the trading desk and Business Unit Leaders. The successful applicant will also display leadership and team skills, enthusiasm and the initiative to drive efficiency and change where required.
KEY RESPONSIBILITIES
Establishing and maintaining an effective Global Market Risk Management system including:
- Assessment and advisory services on risk systems and processes.
- Development and maintenance of new and consistent market risk management procedures across business lines (particularly VaR calculations).
- Additional ad hoc local, regional and global investigations/projects to ensure adequate management and calculation of Market Risk within local operations.
- Active participation in the Risk Committees.
Monitoring, maintaining and managing an appropriate Market Risk Exposure across the Group.
- Regular review of limits to ensure that they match the risk profile of the business.
- Review of new trading strategies and/or structured transactions on request.
- VaR computation and analysis.
- Daily monitoring of market risks across the Group.
- Identify and investigate issues of non-compliance with limits within the business units.
- Flag issues of non-compliance to the Head of Risk and Risk Committee.
- Preparation and submission of the Risk reports required by Senior Management and the Board.
- New Business Approval Processes and on-boarding.
- Development of best in class Market Risk Management.
QUALIFICATIONS/EXPERIENCE
The ideal applicant will have at least 6 years experience within a Bank or Hedge Fund, active in commodity trading, including at least 3 years within a Risk Department working on Market Risks.
Strong analytical and IT skills are key but the role also requires the ability to effectively influence and to develop strong co-operative relationships with the trading desk and Business Unit Leaders. The successful applicant will also display leadership and team skills, enthusiasm and the initiative to drive efficiency and change where required.
- Highly numerate with excellent academic record (very good quantitative degree or Masters in Finance/Economics).
- Excellent Market Risk knowledge with experience in developing and establishing controls and procedures within a large trading or financial group (practices, processes and systems).
- In-depth Value-at-Risk knowledge (full understanding of Monte Carlo modelling)
- Strong Options, Brokerage and Physical commodities experience (fully understand the Greeks and the Risks linked to Options trading).
- Strong knowledge and experience of the commodity and financial services markets especially FX, Equity, Fixed Income, Base Metals and soft commodities (Sugar, Coffee and Liquid Products) for both exchange listed products (LME, LIFFE, ICE) and OTC derivatives (Swaps, Options)
COMPANY BACKGROUND
EDF Man was established in 1783. Today the company is a leading provider of commodities, logistics and capital markets services. The company is employee owned with approximately 4,000 employees working in 50 countries around the world.
We enjoy a highly entrepreneurial environment providing the opportunity to build an international career in a partnership culture.
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