Senior Market Risk Specialist – Oil recruitment

Blue Chip Commodities Trading Company based in Canary Wharf, London, now looking for a Market Risk Specialist to support their Oil trading desks.

The Market Risk team ensures we are operating within approved limits, advise management of areas for review as well as provide pre trade support and risk analysis.

Role synopsis: The role is about improving market risk measurement and control through:
(i) Maintenance and development of robust market risk measurement models
(ii) Interpretation and improvement of market risk policies and procedures
(iii) Analysis of market conditions and trading positions

Reporting to the Oil Market Risk Manager, your duties will include:

• Interpreting existing market risk policies and ensuring their correct application as well as providing input into the definition of new policies and procedures

• Daily reporting of Value at Risk metrics as well as other risk model outputs including rigorous analysis of changes with regards to market environment and trading strategies

• Engaging the Front Office, other functions, and management to ensure transparency of market risk drivers

• Providing market risk input required as part of the functional assurance process through which new activities and projects considered by the Front Office are being evaluated and approved

Essential Education:

A solid University degree in a quantitative discipline (finance, engineering, etc.) is a requirement. Professional qualifications in financial analysis, risk management, business, or operations research would be desirable, but are not required.

Essential experience and job requirements:

• Several years of relevant experience in physical oil trading, market risk, or middle office environment.

• Thorough understanding of Value at Risk concepts and other risk measurement tools including their pitfalls and limitations.

• Strong analytical skills including the ability to understand and communicate complex transactions with embedded optionality as well as the ability to assess the market risk impact of those transactions on an existing portfolio.

• Candidate must be a team player with the ability to perform under pressure in a dynamic environment, the ability to handle numerous tasks simultaneously, and the ability to prioritise.

• Familiarity with option valuation models, Monte Carlo simulation techniques, calculation of option Greeks, etc.

• Strong numeracy and advanced Excel skills.

Desirable criteria qualifications:

• Matlab/VBA programming skills

• Bloomberg / Energyscope / Business Objects/ Openlink experience