Regional Head of Market Risk Management – Commodities recruitment
Job Description - Market risk coverage lead for regional commodities business
The position requires close liaison with regional trading heads to identify and challenge significant risks in light of market outlook and structural positioning in the market.
This role is an independent business risk group and works separately to the Corporate Market risk function with reporting lines into the business.
You will take ownership of the Front to Back risk analytics process across the regional commodities business incorporating all aspects of risk management: statistical, scenario, risk engine calculations, reporting and effectively building out the business to the highest possible standard.
The position involves responsibility for 2 direct reports but the successful applicant will be expected to take a leadership role across the wider market risk coverage group such as leading some business projects. Opportunities for professional growth within the role/team are exceptional.
As well as trading heads, you will work closely with Traders, Quants, Finance, Valuation, Market Risk Technology, Middle Office and other support groups on all commodities risk management related issues.
The role will also involve providing analytical support for the trading business and thus requires ability to partner closely with traders.
Responsibilities
- 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 across the commodities business
Desired Skills Experience
Commodities knowledge (essential):
- Metals - highly desirable
- Index linked Products
- Power / Energy
Skills/Qualifications (Desirable)
- Proactive and energetic individual who can embrace challenges and effect change to the status quo
- Excellent understanding of market risk management principles and previous market risk management experience in investment banking or similar environment
- Good knowledge and understanding of commodities markets products required (possibly prior trading experience)
- Strong analytical quantitative skills
- Excellent oral and written communication skills
- Combination of detail orientation and strategic thinking
- Proficient in Excel, Bloomberg applications, Risk Watch, database knowledge