Summary: A Global physical commodity trading house is looking to on board a seasoned Market Risk Manager to lead and build out the Risk unit for the London entity, working directly with the Head of Market Risk, CRO and the Head of Trading across the renewable energies business.
Key responsibilities:
- Work directly with the Head of Trading across the prop and algo desk, assisting with Risk, hedging and other requests for the renewable business.
- Conduct an in-depth quantitative analysis across the risk and credit functions, ensuring the models and portfolios are performing as intended.
- Provide support within the Market Risk team for the validation and development of risk models, including system testing and optimisation.
- Support the Head of Market Risk and the CRO to manage and lead the Market Risk team in London offices, providing direction and standards of operational delivery for the function, ensuring a global and cohesive approach
- Ability to enhance and optimise the Internal system and developing the quantitative and reporting tools used by the Credit department, Market Risk, Finance and Front Office teams.
- Use a quantitative approach and analysis to support the risk control team on its methodologies - including limits (notional and vega), VaR back testing and assumptions.
- Prepare analysis as directed by the head of the team for consideration by the Risk Committee and/or New Business Committee
- Contribute to the design and implementation of a holistic risk control framework with focus on market risk
- Support a risk conscious culture and promote best practice controls within the organisation through interaction with commercial and control teams across geographies
Qualifications:
- A degree in Quantitative Finance, Mathematics, Physics, or other science disciplines.
- 8+ years' experience sitting in a Similar position within a commodity trading house.
- Strong communication skills - dealing with counterparts, senior management, internal/external regulators.
- Knowledge of Value-at-Risk, scenario analysis, back testing and other market risk techniques
- Strong knowledge of renewable markets (Wind, Solar, Geothermal, Electricity, PPA, PV, Batteries etc).
- Knowledge of market risk associated with traded and real option portfolios
- Exposure to both physical and financial energy markets.
- Ability to understand and apply risk management concepts, including stress-testing, value-at-risk, liquidity adjusted VaR and scenario analysis
- Fluent in English
