At a Glance
- Tasks: Manage commodities market risk and drive strategic change in a dynamic banking environment.
- Company: Join Standard Chartered Bank, a diverse and inclusive employer making a positive impact.
- Benefits: Competitive salary, flexible working, generous leave, and comprehensive wellbeing support.
- Other info: Opportunities for continuous learning and career growth in a supportive culture.
- Why this job: Be part of a team that values innovation and challenges the status quo in finance.
- Qualifications: Degree in Finance or quantitative subject; strong communication skills required.
The predicted salary is between 60000 - 75000 £ per year.
This job is with Standard Chartered Bank, an inclusive employer and a member of myGwork – the largest global platform for the LGBTQ+ business community.
Job Summary
Currently we are looking for a Senior Commodities Risk Manager to our office in London.
Key responsibilities:
- Strategy
- The Senior Risk Manager role exists to support the Commodities market risk management.
- Take a forward-looking perspective, taking into consideration external events which may be material. Ensure appropriate management action is being taken to mitigate their impact.
- To ensure the regulations, Risk Management Framework and internal policies/standards are effectively communicated and implemented.
- Develop proactive engagement with the business, Risk Committees in pursuit of balanced risk / return via discussions on Financial Market risk exposures and limits.
- To drive change in the Commodities business in collaboration with other parts of the business, risk and group risk functions.
- Business
- To support the Commodities business in the management of Traded Market Risk.
- Engage business on material position, review limits proposal and support new products roll out.
- Highlight key Traded Risk related concerns to various committees and risk forums.
- Contribute to the Group's annual Internal Capital Adequacy Assessment Process ('ICAAP') for Commodities related positions.
- Processes
- To enhance processes within the Traded Risk team to manage the risk of Commodities exposures.
- Advise business in the calibration of limits for Traded Risk controls and review any changes.
- Participate in the submissions and meetings for various forums related to market risk and / or Commodities business.
- Response for the commodities stress shocks for Stress Loss scenarios for risk appetite monitoring and regulatory purpose.
- Monitor the risk taking of the Commodities business to ensure that any breach of risk appetite is followed up promptly.
Skills and Experience
- Market Risk
- Commodities Knowledge
Qualifications
- EDUCATION: University degree in Finance or some quantitative subject (Science, Engineering)
- LANGUAGES: Proficient in writing and communicating across functions and with senior management.
About Standard Chartered
We're an international bank, nimble enough to act, big enough for impact. For more than 170 years, we've worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If you're looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you.
You can count on us to celebrate your unique talents and we can't wait to see the talents you can bring us. Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you work with us, you'll see how we value difference and advocate inclusion.
Together we:
- Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do.
- Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well.
- Are better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term.
What we offer
In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing. Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations. Time-off including annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum. Flexible working options based around home and office locations, with flexible working patterns. Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits. A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning. Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.
Senior Commodities Risk Manager employer: Standard Chartered Bank
Standard Chartered Bank is an exceptional employer that champions inclusivity and diversity, making it a vibrant workplace for the Senior Commodities Risk Manager role in London. With a strong commitment to employee wellbeing, competitive benefits, and a culture that fosters continuous learning and growth, employees are empowered to thrive both personally and professionally. The bank's dedication to making a positive impact in the community and its focus on collaboration ensures that every team member can contribute meaningfully while enjoying a supportive work environment.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Commodities Risk Manager
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their values and how they align with yours. This will help you stand out and show that you're genuinely interested in being part of their team.
✨Tip Number 3
Practice your responses to common interview questions, but keep it natural. Use the STAR method (Situation, Task, Action, Result) to structure your answers and highlight your achievements effectively.
✨Tip Number 4
Don’t forget to follow up after your interview! A simple thank-you email can go a long way in leaving a positive impression. Plus, it shows your enthusiasm for the role and keeps you on their radar.
We think you need these skills to ace Senior Commodities Risk Manager
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter for the Senior Commodities Risk Manager role. Highlight your relevant experience in market risk and commodities, and show us how you can contribute to our mission at Standard Chartered.
Showcase Your Skills:Don’t just list your qualifications; demonstrate how your skills align with the key responsibilities mentioned in the job description. We want to see how you can drive change and enhance processes within the Traded Risk team.
Be Clear and Concise:When writing your application, keep it straightforward and to the point. Use clear language that communicates your ideas effectively, especially since you'll be engaging with senior management and various committees.
Apply Through Our Website:We encourage you to submit your application through our official website. This ensures that your application is reviewed promptly and gives you the best chance to showcase your unique talents to us!
How to prepare for a job interview at Standard Chartered Bank
✨Know Your Commodities Inside Out
Make sure you brush up on your knowledge of commodities and market risk management. Be prepared to discuss recent trends, regulations, and how external events can impact the market. This will show that you're not just familiar with the basics but are also forward-thinking.
✨Engage with Real Scenarios
Prepare for situational questions by thinking about real-life scenarios where you've had to manage risk or drive change in a business. Use the STAR method (Situation, Task, Action, Result) to structure your answers and demonstrate your problem-solving skills.
✨Communicate Clearly and Confidently
Since the role involves communicating across functions and with senior management, practice articulating your thoughts clearly. You might want to rehearse explaining complex concepts in simple terms, as this will showcase your ability to engage with diverse stakeholders.
✨Show Your Collaborative Spirit
Standard Chartered values teamwork and inclusivity, so be ready to discuss how you've worked collaboratively in the past. Highlight experiences where you’ve engaged with different teams or driven initiatives that required input from various stakeholders.
