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- Tasks: Lead the Risk Management Department and develop innovative risk policies.
- Company: Top-tier provider in execution and clearing services for commodities markets.
- Benefits: Competitive salary, leadership opportunities, and a dynamic work environment.
- Why this job: Make a significant impact on risk management in a fast-paced industry.
- Qualifications: Strong leadership and extensive knowledge of risk management frameworks required.
- Other info: Join a collaborative team with opportunities for professional growth.
The predicted salary is between 80000 - 100000 £ per year.
Our client is a leading provider of execution and clearing services for exchange traded derivatives and OTC derivatives in the commodities markets.
THE RESPONSIBILITIES:
- Responsible for the daily operations and human resources allocation of the Risk Management Department;
- Developing and enhancing risk management policies, mechanisms, instructions and procedures; engaging the board and seeking board approval where appropriate;
- Maintaining close and effective communication with the group in relation to Risk policies update and implementation included attending HO meetings where required;
- The provision of timely and effective risk management information to the board;
- Setting various risk management indicators and monitoring measures; performing daily monitoring over various risk aspects;
- Executing internal control procedures and providing advice and recommendations to management on those procedures;
- Ensuring that the data used by the firm to assess its risks are fit for purpose in terms of quality, quantity and breadth;
- Providing oversight and challenge of the firm's systems and controls in respect of risk management, such as annual ORCA review;
- Providing oversight and validation of the firm's external reporting of risk;
- Providing risk assessment and recommendations over business projects or new products launch;
- Dealing with unexpected major risk events and providing remedial measures; communicate immediately to the senior management and the Risk Management Division of the Holding Company;
- Ensuring the adequacy of risk information, risk analysis and risk training provided to members of the firm's governing body;
- Reporting to the firm's governing body on the firm's risk exposures relative to its risk appetite and tolerance, and the extent to which the risks inherent in any proposed business strategy and plans are consistent with the governing body's risk appetite and tolerance;
- Maintaining and developing margin models for current and new products/markets; maintaining and backtesting liquidity risk model (including stress testing);
- Providing risk input to the ICARA process, such as regular review/update of stress testing, company risk register, reverse stress testing etc;
- Chair Risk Management Committee (RMC), supervising sub-committees such as Credit Committee, Electronic Trading Committee, and Procurement Committee;
- Overseeing the NPA process via RMC;
- Other ad hoc duties as assigned by the senior management.
EXPERIENCE REQUIRED:
- Leadership skills, including the ability to exercise oversight of risk governance
- Considerable knowledge and experience of best practice risk management and governance frameworks, methodologies, and practices
- Proven ability to oversee a number of risk types, including credit, market, liquidity, operational risk etc.
- Knowledge of regulatory environment and key regulatory regime.
- Experience with the commodities or energy market.
- Strong financial analytical skills and IT skills
Head of Risk employer: Saxton Leigh
Contact Detail:
Saxton Leigh Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Risk
✨Tip Number 1
Network like a pro! Reach out to industry contacts on LinkedIn or attend relevant events. We all know that sometimes it’s not just what you know, but who you know that can help you land that Head of Risk role.
✨Tip Number 2
Prepare for interviews by brushing up on your risk management knowledge. We suggest creating a list of potential questions related to risk governance and operational risk. Practising your answers will help you feel more confident when the big day arrives!
✨Tip Number 3
Showcase your leadership skills during interviews. We want to see how you’ve successfully managed teams and projects in the past. Share specific examples that highlight your ability to oversee various risk types and implement effective risk management strategies.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search!
We think you need these skills to ace Head of Risk
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experiences that align with the Head of Risk role. Highlight your leadership skills and any relevant experience in risk management, especially in commodities or energy markets.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Mention specific achievements in risk governance and how you can contribute to our client's success.
Showcase Your Analytical Skills: Since strong financial analytical skills are key for this position, be sure to include examples of how you've used these skills in past roles. This will help us see your capability in managing various risk types.
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 during the process!
How to prepare for a job interview at Saxton Leigh
✨Know Your Risk Management Inside Out
Make sure you brush up on the latest risk management frameworks and methodologies. Be ready to discuss how you've applied these in your previous roles, especially in the commodities or energy markets.
✨Demonstrate Leadership Skills
Prepare examples that showcase your leadership abilities, particularly in overseeing risk governance. Think about times when you’ve successfully led a team through a challenging risk situation or implemented new policies.
✨Understand the Regulatory Landscape
Familiarise yourself with the key regulatory regimes relevant to the role. Be prepared to discuss how you’ve navigated compliance issues in the past and how you would approach them in this position.
✨Showcase Your Analytical Skills
Be ready to demonstrate your financial analytical skills. You might be asked to interpret data or provide insights on risk indicators, so practice explaining complex information clearly and concisely.