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For Companies At a Glance
- Tasks: Manage market risk in Commodities and ensure compliance with regulations.
- Company: Dynamic financial institution focused on innovative risk management.
- Benefits: Competitive salary, flexible working options, and opportunities for professional growth.
- Why this job: Join a team driving change in the Commodities sector and make a real impact.
- Qualifications: Strong analytical skills and understanding of risk management concepts required.
- Other info: Collaborative environment with excellent career advancement opportunities.
The predicted salary is between 72000 - 108000 £ per year.
The Senior Commodities Risk Manager is responsible for supporting the Commodities market risk management, ensuring compliance with regulations, risk management frameworks, and internal policies. This role involves proactive engagement with the business and risk committees, driving change within the Commodities business, and managing traded market risk.
Key Responsibilities
- Strategy
- Support the Commodities market risk management.
- Adopt a forward-looking perspective, considering external events that may impact the business and ensuring appropriate management actions are taken.
- Communicate and implement regulations, the Risk Management Framework, and internal policies.
- Engage proactively with the business and risk committees to balance risk and return through discussions on market risk exposures and limits.
- Collaborate with other business units and risk functions to drive change in the Commodities business.
- Business
- Support the Commodities business in managing traded market risk.
- Engage with the business on material positions, review limit proposals, and support new product rollouts.
- Highlight key traded risk concerns to various committees and risk forums.
- Contribute to the Group’s annual Internal Capital Adequacy Assessment Process (ICAAP) for Commodities-related positions.
- Processes
- Enhance processes within the Traded Risk team to manage Commodities exposures.
- Advise the business on the calibration of limits for traded risk controls and review any changes.
- Participate in submissions and meetings related to market risk and Commodities business.
- Respond to commodities stress shocks for stress loss scenarios for risk appetite monitoring and regulatory purposes.
- Monitor the risk-taking of the Commodities business to ensure prompt follow-up on any breaches of risk appetite.
- People & Talent
- Demonstrate strong analytical abilities and problem-solving skills, providing in-depth analysis in a rapidly changing environment.
- Possess a solid understanding of risk management concepts, techniques, data modeling, and risk management system platforms.
- Present complex risk issues to senior and non-technical stakeholders effectively.
- Exhibit good interpersonal skills, multicultural awareness, and sensitivity.
- Develop and leverage a strong network across the three lines of defense and all business and market areas.
- Continuously seek process improvements with an objective to simplify while maintaining value delivery.
- Commodities market knowledge is preferred.
- Risk & Management
- Identify and report key risks in the Commodities space to senior management, challenging the First Line to evidence that material risks from business activities are identified, assessed, monitored, and reported.
- Determine suitable traded risk controls to ensure risk-taking is within risk appetite.
- Monitor internal and external events material to the trading book and highlight risk hotspots to management.
- Identify and escalate new and emerging risks that could be material to the Group.
- Perform market risk-related controls, including investigating limit excesses and escalating breaches.
- Review data quality of risk factors used for VaR computation.
- Support the Group’s annual ICAAP Automated Trading workstream.
- Governance
- Support business growth objectives in Commodities while ensuring risk and control requirements are met and business remains on strategy.
- Develop and maintain risk identification and measurement capabilities compliant with applicable regulations.
- Ensure material risk exposures and related issues are reported to responsible risk governance committees and the Board Risk Committee.
- Work with senior management to ensure compliance with regulatory requirements.
- Regulatory & Business Conduct
- Display exemplary conduct and live by the organisation's values.
Senior Commodities Risk Manager in London employer: Standard Chartered
Contact Detail:
Standard Chartered Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Commodities Risk Manager in London
✨Tip Number 1
Network like a pro! Reach out to people in the Commodities space on LinkedIn or at industry events. A friendly chat can lead to opportunities that aren’t even advertised yet.
✨Tip Number 2
Prepare for interviews by brushing up on your risk management knowledge. Be ready to discuss how you’d handle real-world scenarios in Commodities. Show us you can think on your feet!
✨Tip Number 3
Don’t just apply and wait! Follow up on your applications through our website. A quick email or message can show your enthusiasm and keep you on their radar.
✨Tip Number 4
Tailor your approach! Research the company’s recent activities in Commodities and be prepared to discuss how you can contribute to their goals. We love seeing candidates who do their homework!
We think you need these skills to ace Senior Commodities Risk Manager in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Senior Commodities Risk Manager role. Highlight your experience in market risk management and any relevant regulations you've worked with. We want to see how your skills align 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 risk management and how you can drive change within our business. Keep it engaging and personal – we love a good story!
Showcase Your Analytical Skills: Since this role requires strong analytical abilities, make sure to include examples of how you've tackled complex problems in the past. We want to see your thought process and how you approach risk management challenges.
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 Standard Chartered
✨Know Your Commodities Inside Out
Make sure you brush up on your knowledge of the commodities market. Understand current trends, key players, and recent regulatory changes. This will not only help you answer questions confidently but also show that you're genuinely interested in the role.
✨Prepare for Scenario-Based Questions
Expect to face scenario-based questions that assess your problem-solving skills and risk management strategies. Think of examples from your past experience where you've successfully managed risk or driven change, and be ready to discuss them in detail.
✨Engage with Stakeholders
Since the role involves collaboration with various business units and committees, prepare to discuss how you would engage with different stakeholders. Highlight your interpersonal skills and provide examples of how you've effectively communicated complex issues to both technical and non-technical audiences.
✨Showcase Your Analytical Skills
Demonstrate your analytical abilities by discussing specific tools or techniques you've used in risk assessment and data modelling. Be prepared to explain how you've applied these skills in a rapidly changing environment, as this is crucial for the Senior Commodities Risk Manager role.
