Market risk manager required for top commodities trading firm-London
Market risk manager required for top commodities trading firm-London
- Trading desk risk manager | commodities
- London
- Base salary – £70,000 - £100,000 + exceptional bonus additional benefits
A top global commodities trading firm is looking to expand its risk platform in London and requires a senior risk manager to help this growth. They are expanding their portfolio across all regions due to the strong performance of their PL from trading.
One of the key teams ensuring strong performance is the risk team and thus is keen to continue recruiting strong professionals fill the open positions in this group. These positions will be senior member s of the risk team reporting into the head of trading on a daily basis. The firm is strongly committed to build up its platform in this area and need commercially aware risk managers to develop risk strategy, methodology, hedging and trading strategies surrounding oil and gas products.
The risk analysts will be sat with the traders in the front office providing an excellent opportunity to gain an insight to a trading floor environment. The firm can boast record profits from last year and needs front office staff who begin to perform and think likes the traders of the firm.
The risk analysts will have the following responsibilities in this position:
- Develop key relationships on behalf of the risk department with trading and other key business groups in the front office.
- Risk Analysis of the firm’s global portfolio
- Development of risk methodology [Var, stress testing, scenario analysis].
- Market analysis of commodity markets – keeping aware of any adverse market changes.
- First point of contact for junior risk analysts and other areas of the business
- Explaining key exposures and limits to trading unit.
- Integration of global risk strategy with US, Europe and Switzerland.
- Teaching front office on any risk issues.
- Development of trading strategies
- Development of hedging strategies
- Working with traders on a daily basis on improving sharpe ratios as well as on VaR reducing trading strategies.
The successful candidate is likely to have the following background and skill set:
- Experience of risk management, trading or trade support experience in the commodities market, with a thorough understanding of both physical and financial commodities market
- An understanding of VaR
- Very strong analytical skills;
- Very strong Excel and VBA skills
- Sufficient experience of managing a team in current role
- Good communication skills – must be able to understand others’ perspectives and relate complex ideas to different groups, including senior management.
- The ability to challenge proposals constructively to help ensure they are robust, whilst maintaining excellent working relationships
- Must be able to work effectively in a team, flexibly handling a wide range of potential issues through all areas of the business for risk.
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