Market Risk Manager recruitment
Reporting to the Head of Market Risk, the successful incumbent will be responsible for the market risk advisory and control of the energy trading activities carried out in the region. The candidate is required to work closely with trading managers, traders, marketers, risk professionals within the region and the members from the support functions.
Job responsibilities:
- Assist the Head of Market Risk in managing the team of market risk specialists
- Serve as the deputy to the Head of Market Risk and assume his responsibilities and authorities during his/her absence
- Engage other functions and teams (i.e. Front Office, Risk teams in other regions, Quant teams, Middle Office and IT etc) to deliver the best outcome for the business.
- Analyse, monitor and manage the market risks of oil carbon emission trading books. When necessary, provide appropriate challenge to the Front Office and their trading positions and strategies
- Perform risk analysis into new and existing trading activities. This would include Value-at-Risk computations, sensitivity and scenario analysis, stress-testing and back-testing etc.
- Review and recommend appropriate risk parameters to manage and control the level of risk-taking for the respective trading books.
- Investigate and follow-up on any breaches of risk limits until the breaches are rectified/resolved.
- Provide recommendations on risk mitigation strategies when necessary.
- Conduct regular review of the trading books to ensure that the market risks are appropriately quantified and controlled in the trading books and make recommendations on possible methodology changes and risk controls.
- Provide regular risk reports to senior management for review and to support decision making.
- Evaluate and conduct a risk assessment of new investment and business initiatives proposed by the front office. Provide an independent opinion on the risk and reward of the new activities.
- Provide risk analytics support to the front office on prospective trading strategies.
- Act as a specialist resource for the pricing and risk models for new business activities and derivative products.
- Conduct training on market risk and other relevant topics to external clients, fellow market risk colleagues, as well as staff from different functions within the company
- Participate in global projects and other business initiatives.
- Champion users’ requirements for new systems and system enhancements and/or support the implementation of market risk and other relevant IT systems.
Requirements:
- At least a Master degree in a quantitative field within the area of Finance. Equivalent qualification in statistics/mathematics/engineering/physics would also be considered.
- Market Risk domain knowledge is essential. Candidate should have a minimum 8 years of relevant experience/exposure to Market Risk and/or commodities.
- Experience in commodities risk management and/or familiarity with energy markets would be considered favourably.
- Having professional certification such as PRM or FRM would be an added advantage.
- Prior trading experience and/or experience with managing a team will be considered favourably.
- Demonstrated strong quantitative and computational ability
- Good interpersonal skills with strong influencing skills.
- Ability to work independently with minimal guidance and is also a good team player
- Have initiative and a strong sense of integrity and responsibility
- Ability to multitask, prioritize, exercise good judgement and is willing to make tough decisions or recommendations when necessary.
If you are interested in this opportunity, please email your updated resume to nico@aeon-search.com quoting the job title. Your interest will be treated in the strictest of confidence. We regret that only shortlisted candidates will be notified.
July 8, 2012
• Tags: Market Risk Manager recruitment, Risk Management careers in the Singapore • Posted in: Financial