Market Risk Manager
The Role
Reporting directly to the CRO, this role will be responsible for overseeing the desk exposures relating to market risk associated with a range of soft commodity products from bullet swaps to more complex options and structured contracts.
Other Responsibilities include:
- Development and maintenance of new and consistent market risk management procedures across business line.
- Verification of risk analytics and product pricing models and independent justification of the results.
- Monitoring, maintaining and managing an appropriate Market Risk Exposure across the business line
- 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 for each asset class/trading book
- Daily monitoring of market risk exposures for the desk.
The Candidate:
- You will have experience within a commodities house, energy company, Bank or Hedge Fund.
- You will be active in commodity trading, including at least 2 years of experience within a Risk Department working on Market Risk.
- Highly numerate with excellent academic record.
- Excellent Market Risk knowledge with experience in developing and establishing controls and procedures.
- Strong structured products and options modelling experience (Black-Scholes and numerical methods).
- Strong knowledge and experience of the commodity markets especially Base Metals and soft commodities exchange listed and OTC
- Strong analytical and IT skills are required (Excel VBA, SQL an advantage).
- Experience using and implementing Murex a distinct advantage.
- Ability to build relationships with key stakeholders e.g. traders, IT etc
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