Market Risk Manager – Commodities
Market Risk Manager
Working in a fast paced and rigorous environment, this role will allow the successful candidate to work closely with the business and to take full ownership of both strategic and tactical Risk Projects whilst helping to develop more junior team members and feeding into overall business strategy.
The successful candidate will have a demonstrable track record in managing all risks associated with a Physical Commodities Trading Business and will take on a strategic role in assisting in leading the Risk effort as the business continues to expand and enhance its Commodities Trading business.
Responsibilities include but not limited to:
- Constant senior trader interaction to discuss markets, strategies and risk across a range of trading strategies
- Analyse risk reports, risk measures and pnl to form views on risk taking and recommend strategies as well as analytical support for trading heads
- Risk return analysis, stress and scenario analysis, trade approvals and facilitation of capital allocation
- Setting and monitoring market risk limits and threshold
- Leading / participating in projects to improve risk processes and evaluation models across the commodities business
- Ongoing development of the Risk function and team
The successful candidate will have a demonstrable track record in managing all risks associated with a Physical Commodities Trading Business and will take on a strategic role in assisting in leading the Risk effort as the business continues to expand and enhance its Commodities Trading business.
Working in a fast paced and rigorous environment, this role will allow the successful candidate to work closely with the business and to take full ownership of both strategic and tactical Risk Projects whilst helping to develop more junior team members and feeding into overall business strategy.
This is a Senior Role and key to the ongoing success of both the Risk function and the business.
- Ideally at least 5-8 years experience in the risk management of physical commodities at either a bank or Commodities trading house
- Good market knowledge of the characteristics of physical commodities including:
- The main instrument structures traded in the markets
- Basis risks between physical commodities trades and financial instruments used for hedging purposes
- Drivers of physical market premiums / discounts
- Logistics around making / taking delivery of commodities or transferring title
- Knowledge of matters surrounding the transport and warehousing of physical commodities
- Knowledge of the process of making and taking delivery of commodities against futures contracts as the futures contracts go to delivery
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