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For Companies At a Glance
- Tasks: Monitor and analyse market risk for Commodities trading, providing insights and support to the Front Office.
- Company: Join a leading financial institution with a strong focus on risk management and innovation.
- Benefits: Competitive salary, comprehensive benefits, and opportunities for professional growth.
- Why this job: Be at the forefront of commodities trading risk management and make a significant impact.
- Qualifications: Degree in a quantitative field and 5+ years in market risk management required.
- Other info: Dynamic role with opportunities to lead projects and collaborate across teams.
The predicted salary is between 72000 - 108000 £ per year.
About the Role
The role of the department is as a second line of defence being business partner to the Front Office (FO), providing challenge and support. This role is primarily responsible for acting as senior Commodities trading risk manager in London and is reporting to the Head of Commodities TRM in London.
Responsibilities
- Monitoring and analysing and reporting the organisation’s market risk exposure for the Commodities desk
- Closely follow market developments and analyse both the realised and potential impact on the trading portfolio
- Understanding and explaining the content of the reporting to FO and senior management
- Monitoring trading limits and reviewing transactions over the established limits
- Challenging FO on limit breaches, pricing, and strategy
- Maintenance and implementation of policies and procedures
- Ensuring compliance with all relevant policies
- Continuously engaging with FO to keep up to date with their trading strategy, pricing and strategy
- Supporting the business by providing pro-active risk and P&L advice to aid business management
- Product development in conjunction with FO
- Development of a new stress testing framework (historical, hypothetical, and reverse stress testing) for the Commodity asset class
- Development and enhancement of existing risk framework
- Improvement of the desk processes, looking for opportunities to increase efficiency and enhance the control framework
- Collaborate with valuations team to improve the global valuation adjustment framework (independent price verification, fair value adjustment, and prudent valuation adjustment) for the Commodity asset class
- Involvement in local and global projects to implement changes in systems and regulations like Fundamental Review of the Trading Book (FRTB)
- Functional testing of risk management system upgrades and model implementations in cooperation with FO, Quants, and IT
- Supporting Model Development Quants in the development of models and methodologies and Model Validation quants in the validation of models and methodologies
- Prepare and conduct monthly desk reviews
- Maintain input or data quality of risk management systems
- Coordinate with the Global Market data team (GMDB), Trading Application Support, System Support and other teams to set up new market data sources and to help resolve market data-related issues
- Conduct annual review of trading mandate, limits and approved products
Qualifications
Essential: University Degree (2:1 or above) in a quantitative field, preferably (financial) mathematics, engineering, physics or econometrics
Required Skills
- 5+ years of experience in the financial industry
- Experience in market risk management
- In-depth product knowledge of commodities and associated pricing models
- Good knowledge of banking regulations FRTB, Basel III
- Strong leadership and organisational skills
- Strong technical skills in Python, SQL and / or VBA
- Experience with Sophis
- Experience with market data sourcing and derivation (volatility, repo spread)
- Experience in working on regulatory change and interaction with regulators (FRTB, TRIM, SIMM)
Commodities Market Risk Manager VP employer: Morgan McKinley
Contact Detail:
Morgan McKinley Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Commodities Market Risk Manager VP
✨Network Like a Pro
Get out there and connect with people in the commodities market risk space. Attend industry events, join relevant LinkedIn groups, and don’t be shy about reaching out to professionals for a chat. You never know who might have the inside scoop on job openings!
✨Ace the Interview
Prepare for your interviews by brushing up on your technical skills and understanding the latest market trends. Be ready to discuss how you can add value to the team, especially in areas like risk management and compliance. Show them you’re not just a fit for the role, but a game-changer!
✨Showcase Your Skills
Create a portfolio that highlights your experience with Python, SQL, and any relevant projects you've worked on. This is your chance to demonstrate your technical prowess and how it applies to commodities trading risk management. Make it easy for them to see why you’re the right choice!
✨Apply Through Our Website
Don’t forget to check out our website for the latest job openings! Applying directly through us not only shows your interest but also gives you a better chance of being noticed. We’re always on the lookout for talented individuals like you to join our team!
We think you need these skills to ace Commodities Market Risk Manager VP
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Commodities Market Risk Manager role. Highlight your experience in market risk management and any relevant technical skills like Python or SQL. We want to see how your background aligns with what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about commodities trading and how your skills can support our Front Office. Keep it engaging and make it personal – we love to see your personality come through!
Showcase Relevant Experience: When detailing your work experience, focus on your achievements in market risk management and any projects you've led. We’re keen to see how you’ve tackled challenges and contributed to efficiency improvements in previous roles.
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 you’re considered for the role. Plus, it gives you a chance to explore more about StudySmarter and what we stand for!
How to prepare for a job interview at Morgan McKinley
✨Know Your Commodities Inside Out
Make sure you brush up on your knowledge of commodities and their associated pricing models. Be prepared to discuss recent market developments and how they could impact trading portfolios. This shows that you're not just familiar with the theory but also engaged with current market trends.
✨Demonstrate Your Risk Management Skills
Be ready to share specific examples from your past experience where you've successfully managed market risk. Highlight your understanding of banking regulations like FRTB and Basel III, and how you've applied them in real-world scenarios. This will help you stand out as a candidate who can effectively challenge the Front Office.
✨Showcase Your Technical Proficiency
Since the role requires strong technical skills in Python, SQL, and/or VBA, be prepared to discuss your experience with these tools. You might even want to bring along a project or two that demonstrates your ability to use these skills in a practical setting, especially in relation to risk management systems.
✨Engage with the Interviewers
Don't just wait for questions; engage with your interviewers by asking insightful questions about their trading strategies and risk management processes. This not only shows your interest in the role but also your proactive approach to understanding how you can contribute to their team.
