Senior market risk manager with exposure to the oil markets required, for leading commodity house in London
You will be responsible for the commodities team and report directly into the Global Head of Risk. The role will work closely with the front office commodities traders, developing the PnL of the business and be the first point of contact for all market risk issues.
The risk manager will take responsibility and have the autonomy to direct and bring forward a team of oil risk analysts. The position will involve creating and maintaining key relationships with traders, finance, the global risk team and the board of directors on improving the companies risk systems to ensure the integration of risk as a business partner and not a control function. This role requires an individual who can lead key projects in developing the risk platform of the company.
The main responsibilities for this role are:
•Provide direction to a team of risk analysts.
•Challenge and support the trading desk in relation to proposed new deals and strategies (in particular for complex physical strategies).
•Take ownership of the Risk system set-up and drive improvements via projects
Value added risk analysis of trading strategies.
•Ensure an appropriate daily check and documentation of forward curves used for position valuation against available market data from Information Services, Journals, and Brokers.
•Supervision of the preparation of position and PL reports for the trading desk?s books on a daily and monthly basis.
•Play a key part in a number of varied projects across the business.
•Provision of detailed analysis of risk measures, positions, PL and trading strategies for traders, finance and Senior Management.
•Monitoring and improving risk system interfaces.
•Reporting, enhancing and providing insights into key risk and performance metrics, such as VaR (Value-at-Risk), for Global commodity and product trading businesses across IST Educating key stakeholders, including senior management, about risk concepts
•Ensure integrity and consistency of market risk monitoring and limit management
The successful candidate is likely to have the following background:
•Significant experience of the global commodities market - in particular an understanding of the energy and power markets.
•Previous risk reporting experience and-or an understanding of Trading an advantage
•Ideally experience of team management or demonstrable experience of managing project teams is required.
•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
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