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- Tasks: Lead credit and market risk management for a global commodities business.
- Company: Dynamic commodities firm in the heart of London.
- Benefits: Competitive salary up to £150k, hybrid working, and comprehensive benefits.
- Why this job: Shape the future of commodity trading while managing critical risks.
- Qualifications: 10+ years in credit risk management, especially in precious and base metals.
- Other info: Join a collaborative team with opportunities for leadership and growth.
The predicted salary is between 108000 - 180000 £ per year.
The Head of Credit/Market Risk Manager reports to the Managing Director and Deputy Managing Director (CFO) and is responsible for managing, monitoring, and reporting credit/market risks related to commodity trading. The role requires experience in the commodities industry, technical expertise, commercial acumen, and cross-functional collaboration to support the growth of our client.
Key Responsibilities:
- Prepare Customer onboarding applications and conduct financial analysis.
- Manage annual credit limit renewals and coordinate with the Front Office and shareholders.
- Define risk appetite and profitability metrics for new transactions.
- Build relationships with counterparties and monitor their credit status.
- Leverage network relationships to gain strategic intelligence on credit risk.
- Publish daily credit exposure reports and ensure limits are maintained.
- Manage PCGs, Bank Guarantees, and CSA terms in collaboration with Legal and Front Office.
- Organize credit insurance processes, including due diligence and cost analysis.
- Monitor and issue daily reports on trading positions, annual loss exposure (negative PnL + VaR), and liquidity risks.
- Ensure all risk metrics—Actual Risk, PnL, VaR, and liquidity—remain within approved limits.
- Investigate and escalate issues as needed to the Management.
- Optimize and streamline reporting processes using advanced quantitative skills and tools.
- Review and update risk limits (e.g., Actual Risk, Annual Loss, VaR, liquidity) annually or as required.
- Prepare documentation to support the renewal and optimization of market risk policies and control rules.
- Apply a combination of risk management expertise and commercial awareness to support business objectives, balancing both risk and commercial perspectives.
- Define risk appetite metrics and limits for new business transactions, supporting preparation of New Transaction Committee (NTC) documentation, and coordinate with relevant teams such as the front office and IT to implement developments into the ETRM system.
To be considered for this position, ideal candidates must have the following experience and skills:
- Extensive experience (at least 10 years) in credit risk management, ideally in Precious metals and Base metals.
- Strong knowledge of Precious metals, Base metals, Energy products and derivatives.
- Experience in the commodities industry.
- Credit reviews and financial analysis.
- Risk mitigation using PCG, CSA, and credit insurance.
- Structured transaction review and profitability analysis.
- Expertise in key risk metrics such as VaR, position management, and liquidity risk, with meticulous attention to detail.
- Strong communicator across all levels.
- Proactive in identifying and managing risks.
- Proven leadership in building collaborative, risk-aware teams.
- Experience driving organization-wide initiatives.
- Awareness of industry trends in commodities and risk.
Candidates must also have the right to work in the UK. I’m afraid sponsorship isn’t offered for this position. Due to the high volume of CVs that we receive, only successful candidates will be contacted. Thank you for your time and patience.
Head of Credit & Market Risk employer: IPOE Consulting
Contact Detail:
IPOE Consulting Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Credit & Market Risk
✨Network Like a Pro
Get out there and connect with people in the commodities industry! Attend events, join relevant online forums, and don’t be shy about reaching out to folks on LinkedIn. Building relationships can open doors that a CV just can’t.
✨Show Off Your Expertise
When you get the chance to chat with potential employers, make sure to highlight your extensive experience in credit risk management and your knowledge of precious and base metals. Share specific examples of how you've mitigated risks and driven successful initiatives.
✨Be Proactive in Interviews
During interviews, don’t just wait for questions—bring up your insights on current industry trends and how they relate to the role. Show them you’re not only a fit for the position but also someone who’s already thinking ahead about the business.
✨Apply Through Our Website
We encourage you to apply directly through our website for the best chance at landing that dream job. It shows you're serious and gives us a chance to see your application in the best light!
We think you need these skills to ace Head of Credit & Market Risk
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to highlight your extensive experience in credit risk management, especially in the commodities sector. Use keywords from the job description to show that you’re a perfect fit for the Head of Credit & Market Risk role.
Craft a Compelling Cover Letter: Your cover letter should tell us why you’re passionate about this role and how your skills align with our needs. Don’t just repeat your CV; use this space to showcase your commercial acumen and leadership experience in managing risks.
Showcase Your Technical Expertise: We want to see your technical skills shine through! Highlight your knowledge of key risk metrics like VaR and liquidity risk, and any advanced quantitative tools you’ve used to optimise reporting processes. This will set you apart from other candidates.
Apply Through Our Website: Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures it gets into the right hands. Plus, it shows you’re serious about joining our team at StudySmarter.
How to prepare for a job interview at IPOE Consulting
✨Know Your Numbers
Make sure you brush up on key risk metrics like VaR, liquidity risk, and PnL. Be ready to discuss how you've used these metrics in your previous roles, especially in the commodities sector. This shows you’re not just familiar with the concepts but can apply them effectively.
✨Showcase Your Experience
Prepare specific examples from your past work that highlight your extensive experience in credit risk management. Focus on your achievements in managing credit limits, conducting financial analyses, and collaborating with cross-functional teams. This will demonstrate your capability to handle the responsibilities of the role.
✨Build Rapport
Since this role involves building relationships with counterparties, practice how you would approach this in an interview. Think about how you can convey your strong communication skills and proactive nature in identifying and managing risks. A good rapport can set you apart from other candidates.
✨Stay Updated on Industry Trends
Familiarise yourself with the latest trends in the commodities market and risk management. Being able to discuss current events or changes in regulations shows that you’re engaged and knowledgeable, which is crucial for a leadership position like this one.
