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For Companies At a Glance
- Tasks: Lead operations and risk management for a boutique hedge fund, driving automation and process improvements.
- Company: Dynamic hedge fund focused on commodities with a strong emphasis on technology.
- Benefits: Competitive salary, discretionary bonus, healthcare, pension, and electric car subsidy.
- Other info: Opportunity to work closely with external compliance consultants and drive innovation.
- Why this job: Make a significant impact in a hands-on role while shaping the future of operations.
- Qualifications: 10+ years in commodity operations or risk management with regulatory knowledge.
The predicted salary is between 110000 - 130000 £ per year.
The Role
This role liaises from time to time with the firm’s external compliance consultants on regulatory reporting but does not own the Compliance function. Our client expects the successful candidate to be a strong advocate for technology and automation. Technical skills (Excel/VBA, SQL, Python) are not required, but a clear instinct for automating manual work, designing scalable processes, and pushing the firm’s tooling forward is essential.
Key Responsibilities
- This is a hands-on role. The successful candidate will personally own the work below — not delegate it, or supervise it from a distance.
- Owning the full trade lifecycle across listed derivatives (ETD’s/ Futures) signing off the monthly NAV.
- Owning the Operational running of the Physical Copper book — warehouse receipts, LME Warrants, financing rolls, insurance, assays, freight, demurrage.
- Owning the Risk function: setting and monitoring credit and exposure limits at PBs/FCMs; daily measurement and review of VaR, exposure, market, credit and liquidity risk on the derivatives book; assessing the impact of market events and scenarios on the books and escalating to the founder/MD; warehousing, title, insurance and logistics risk on the physical book.
- Owning the operational, finance and administrative running of the firm — brokerage and invoice approvals, expense and vendor management, audit support, fund board reporting input, BCP and information-security oversight with the outsourced IT provider.
- Liaison with external compliance consultants on regulatory reporting (EMIR / UK EMIR via DTCC, AIFMD Annex IV, position reporting, periodic FCA/CFTC submissions); liaison with auditors, depositary, and fund directors.
- Driving automation and tooling improvements across the operations stack — partnering with the firm’s outsourced IT provider and pushing for scalable, low-touch processes wherever manual work can be eliminated.
Candidate Profile
Approximately 10+ years in Commodity-focused Operations, Risk, or COO functions at an Investment Manager, Hedge Fund, Commodity Trading House, or comparable institution. Deep familiarity with Listed dual UK/US regulation (FCA + CFTC/NFA); familiarity with our stack (Loqsea, TT, WebICE, Bloomberg, FIA Tech, DTCC GTR); personal proficiency with Excel/VBA, SQL or Python.
Salary: Between £110 k pa - £130 k pa (possibly higher) plus a highly competitive discretionary bonus, plus healthcare, pension, electric car subsidy.
Head of ETD Commodity Operations & Risk Management Oversight - Boutique Hedge Fund (Operations & Risk hybrid - standalone role initially) employer: Martis Search
Contact Detail:
Martis Search Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of ETD Commodity Operations & Risk Management Oversight - Boutique Hedge Fund (Operations & Risk hybrid - standalone role initially)
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, attend relevant events, and don’t be shy about asking for introductions. We all know that sometimes it’s not just what you know, but who you know that can land you that dream job.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. We recommend practising common interview questions and tailoring your answers to highlight your experience in commodity operations and risk management. Show them you’re the perfect fit!
✨Tip Number 3
Follow up after interviews! A quick thank-you email can go a long way in keeping you top of mind. We suggest mentioning something specific from your conversation to remind them why you’re the right choice for the role.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, we love seeing candidates who are proactive and engaged with our platform. Let’s get you that job!
We think you need these skills to ace Head of ETD Commodity Operations & Risk Management Oversight - Boutique Hedge Fund (Operations & Risk hybrid - standalone role initially)
Some tips for your application 🫡
Show Your Passion for Automation: We want to see your enthusiasm for technology and automation in your application. Highlight any experiences where you've streamlined processes or introduced tech solutions, even if they were small. This will show us that you understand the importance of pushing our tooling forward.
Own Your Experience: This role is all about taking ownership, so make sure your application reflects that. Share specific examples of how you've personally managed operations or risk functions in your previous roles. We love candidates who can demonstrate their hands-on approach!
Familiarity with Regulations is Key: Since we operate under dual UK/US regulations, it’s crucial to mention your familiarity with them. If you've worked with FCA or CFTC/NFA regulations before, let us know! It’ll give us confidence that you can navigate the compliance landscape effectively.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates. Plus, it shows us you're keen to join our team!
How to prepare for a job interview at Martis Search
✨Know Your Trade Lifecycle
Make sure you understand the full trade lifecycle across listed derivatives. Be prepared to discuss your experience with ETDs and how you've managed similar processes in the past. This will show that you can own the responsibilities outlined in the job description.
✨Showcase Your Automation Mindset
Since the role emphasises technology and automation, come armed with examples of how you've streamlined operations or improved processes in previous roles. Highlight any specific tools or methods you've used to drive efficiency, even if they don't require technical skills like SQL or Python.
✨Familiarise Yourself with Regulations
Brush up on your knowledge of UK and US regulations, particularly FCA and CFTC/NFA. Being able to speak confidently about compliance and regulatory reporting will demonstrate your readiness to liaise with external consultants effectively.
✨Prepare for Hands-On Questions
This is a hands-on role, so expect questions that assess your ability to take ownership of tasks. Think of scenarios where you've taken initiative and led projects from start to finish, especially in risk management or operational settings.