Commodity Market Risk Manager, VP

This role is primary responsible for acting as senior Commodities trading risk manager in London and is reporting to the Head of Commodities TRM in London.

Experience/Knowledge

Essential:
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

Desirable:
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)

Main Duties and Responsibilities of Role:
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 ING 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 PL 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.

Improvement of the desk processes, looking for opportunities to increase efficiency and enhance the control framework

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 Read more