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Job Vacancy Details

Senior Commodities Market Risk Manager

Investment banking

London

Permanent ⁄ £65000 - £85000

Updated October 31, 2008

Key responsibilities • Day to day market risk management of some or all the European commodities business - European Power and Gas, correlation trading , base & precious metals trading.
• Analysis of existing and new trades to ensure significant risks are measured, captured and effectively limited within thebank's risk management process.
• Provide risk analysis for front office to assist them in decision making taking into account the risk/reward balance.
• Liaise with desks regularly to understand key trading strategies and develop insight into the various markets

Responsibilities to monitor market activity, review positions taken by risk takers and to communicate to senior management
• Daily review of market news and movement - relating P&L to risk
• Daily review of positions taken and changes to the positions
• Daily communication with risk takers
• Highlight key risks to senior business and risk management staff

Responsibilities to review risks taken by the business and the reward for taking these risks using current or new methodologies
• Produce appropriate risk & stress test data
• Independent analysis of risks taken by the business
-Positions, Sensitivities & VaR figures
-Stress Test Results, Economic Capital & RAROC
-Both core & non-core risks
• Seek other market views
-Risk takers from various desks
• Detailed reviews of new products and risk taking activities to assess key risk drivers and ensure they are captured within the risk management process
• Challenging of poor risk-return decisions
• Review current risk reporting processes and highlight gaps and weaknesses in current coverage, measurement and/or methodologies
• Define appropriate VaR methodology to best capture risk drivers
• Develop economic capital & stress testing methodology to ensure tail risks are appropriately measured
• Directing other risk groups towards the most effective use of resources in capturing risk

Who we're looking for
Knowledge of physical commodities markets and underlying structures and instruments.
In depth knowledge of all commodities and deal economics
Market and position analysis skills
Exposure to position, commercial and PnL reporting
Advanced Excel
Report writing skills
Ability to use multiple systems at once
Experience must have been gained in an Investment Bank.
Strong Academic qualifications in an analytical subject are required

About our client
Leading European Investment Bank

What's on offer
Competitive Package

Michael Page Contact
For further info, apply or phone on 020 7645 1423. Job Ref: 13006983
Your application will be sent to Andrew Gibson.