Risk Specialist (Commodities) – Financial Institution Supervision recruitment

The Market Risk team supervises the capital markets activities of Second District (New York) banks with the objective of promoting market integrity and financial stability in the U.S. and global banking system. The successful candidate will have a proven record of strong analytical thinking, good managerial skills, including the ability to manage projects, and excellent written and oral communication skills. In-depth knowledge of commodity markets in both physical and financial trading is required as well as swaps, options, and other complex derivatives, is highly desirable. An understanding of other financial products i.e., fixed income, equities, mortgages is helpful.

The successful candidate will demonstrate the ability to quickly develop a supervisory perspective on markets, financial institutions and financial stability. Responsibilities
The candidate's time is expected to be divided among the following three primary job responsibilities:

1. Examinations: Participate in or lead examinations of the market risk management function at large complex banking institutions in the Second District and other Federal Reserve Districts (Domestic travel of up to 30% with some international travel may be required). Present examination results to various levels of management at FRBNY and the supervised institutions.

2. Monitoring of Risk Profile: Monitor the risk levels of traded products at these large complex banking institutions. Identify emerging risks as markets evolve and as new financial products come to market.

3. Projects: Participate in or lead projects on industry-wide risk-taking, risk management practices and other issues related to financial stability.

Skills

At a minimum, a Bachelors degree in a quantitative discipline (e.g., economics, finance, engineering mathematics, etc.), or a Bachelors degree in a non-quantitative discipline with extensive quantitative work experience; a Masters degree (MBA, MA, or Public Policy) with specialization in economics, finance, statistics or other quantitative disciplines is highly desirable.
In addition, candidates should be able to demonstrate
• Strong quantitative and analytical thinking skills, with the ability to understand complex and technical topics• Background in commodities markets and trading, valuation and pricing techniques, across commodity markets in power, gas, oil, metals, and/or soft commodities. Understanding of finance theory and statistical analysis, term structure models, option pricing also helpful• Excellent written and oral communication skills, including well-developed presentation skills.
We offer a comprehensive benefits package, including relocation assistance for candidates that would need to relocate to the New York area.

This position requires access to confidential supervisory information, which is limited to'Protected Individuals' as defined in the U.S. federal immigration law. ProtectedIndividuals include, but are not limited to, U.S. citizens, U.S. nationals, U.S. permanentresidents who are not yet eligible to apply for naturalization, and U.S. permanentresidents who have applied for naturalization within six months of being eligible to do so.