Market Risk Manager
Based in London you 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. The role will report directly to the CRO for the European Capital Markets Division.
RESPONSIBILITIES
Establishing and maintaining an effective Market Risk Management system including:
- Assessment and updating of existing risk systems and processes.
- Assisting in the implementation and maintenance of new front to back risk analytic and trade capture application.
- 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.
- Ad Hoc product analytic work to support trading and stress risk limit structure.
- Additional ad hoc investigations/projects to ensure adequate management and calculation of Market Risk within local operations.
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.
- Identify and investigate issues of non-compliance with limits within the business units.
- Flag issues of non-compliance to the CRO
- Preparation and submission of the Risk reports required by Senior Management and the Board.
PERSON SPECIFICATION
- The applicant will have at least 4 years of 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.
- The role requires good communication skills and the ability to develop good relationships with the trading desks. The successful applicant will also display leadership and team skills, enthusiasm and the initiative to drive efficiency and change where required.
COMPANY BACKGROUND
EDF Man was established in 1783. Today the company is a leading provider of commodities, logistics, risk management and financial services. The company is employee owned with approximately 4,000 employees working in 50 countries around the world.
EDF Man is a highly entrepreneurial environment providing the opportunity to build an international career in a partnership culture.
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