Head of Market Risk

3 weeks ago

City of London, United Kingdom Selby Jennings Full time

Summary: One of the largest Utility-backed physical energy traders in LNG, Coal and Freight is looking to add an experienced Market Risk Manager to lead the Risk team in London. The Risk Specialist will support the business in all key risk management matters affecting the organisation, including working alongside the traders - both challenging and supporting them on their daily activities.

The Risk function forms part of our Middle Office and is responsible for the design of risk methodologies, implementation of suitable risk control frameworks and providing both qualitative and quantitative market risk analysis and risk control solutions.

Responsibilities:

  • Develop and maintain engines for calculating VaR, CaR and PFE.
  • Conduct an in-depth quantitative analysis across the risk and credit functions, ensuring the models and portfolios are performing as intended.
  • As a leader in the risk control team, you will oversee all market risk activities, including the preparation of daily, weekly and monthly market risk reports, including but not limited to Value at Risk (VaR), sensitivities (the Greeks), stress testing, risk capital calculations, etc.
  • Provide support within the Market Risk team for the validation and development of risk models, including system testing and optimisation.
  • Support digitalization and automation to smooth the flow of information across the business and to remove manual task.
  • Leading the Market Risk Team, you will oversee the resourcing of the market risk activities and processes. The ability to manage, train / develop, coach and mentor the more junior members of the Market Risk Team will be critical.
  • Ability to enhance and optimise the Internalsystem and developing the quantitative and reporting tools used by the Credit department, Market Risk, Finance and Front Office teams.
  • Use a quantitative approach and analysis to support the risk control team on its methodologies - including limits (notional and vega), VaR back testing and assumptions.
  • Prepare analysis as directed by the head of the team for consideration by the Risk Committee and/or New Business Committee
  • Promote a culture of continuous improvement by leading, modelling and engaging in constructive challenge of existing processes. This includes looking at processes within the Market Risk Team, as well as shared processes and interfaces, collaboration and integration with Middle Office and Supporting Function teams.
  • Key liaison with Commercial / Front Office (Trading and Origination), Middle Office Functions (Product Control, Credit Risk, Internal Control, Legal, Compliance & Contracts, Treasury, etc.) and Shareholder departments.
  • Contribute to the design and implementation of a holistic risk control framework with focus on market risk
  • Support a risk conscious culture and promote best practice controls within the organisation through interaction with commercial and control teams across geographies

Qualifications:

  • A degree in Quantitative Finance, Mathematics, Physics, or other science disciplines.
  • 12 years' experience min. sitting in a similar position within a commodity trading house.
  • Communication skills - dealing with counterparts, senior management, internal/external regulators.
  • A background in risk management within an energy or commodity trading company, or Tier-1 investment bank.
  • Detailed knowledge of Value-at-Risk, scenario analysis, back testing / stress testing, expected shortfall, and other market risk techniques.
  • Knowledge of the market risk associated with physical commodities, traded and real option portfolios
  • Exposure to both physical and financial energy markets. - LNG, Gas, Power and Carbon
  • Knowledge of Allegro, FEA, Endur, Power BI, Matlab, SQL or other data analytics or quantitative analytics packages may be useful.

  • Head of Risk Analytics

    1 month ago

    London, United Kingdom The Risk Partners London Full time

    **Our Client**: Are you a Risk Analytics / Risk Methodology professional and interested in joining one of the world’s largest Corporate & Investment Banks? Our client is looking for a Head of Risk Analytics to join their growing team. **The Role**: - Take charge of a team of Analytics professionals tasked with Market & Counterparty Risk Methodology -...

  • Head of Market Risk

    3 weeks ago

    City of London, United Kingdom Selby Jennings Full time

    Summary: One of the largest Utility-backed physical energy traders in LNG, Coal and Freight is looking to add an experienced Market Risk Manager to lead the Risk team in London. The Risk Specialist will support the business in all key risk management matters affecting the organisation, including working alongside the traders - both challenging and supporting...

  • Head of Risk

    1 month ago

    City of London, United Kingdom Twenty84 Ltd Full time

    Are you a Senior Risk Professional, and are you seeking a new job in London? If so, Twenty84 is helping a leading International Bank find a full-time Head of Risk, and the role comes with an attractive salary and benefits package As Head of Risk, you will manage the risk department to identify, assess, mitigate and report the bank’s risk exposures per the...

  • Head of Market Risk

    1 month ago

    City of London, Greater London, United Kingdom Selby Jennings Full time

    Summary: One of the largest Utility-backed physical energy traders in LNG, Coal and Freight is looking to add an experienced Market Risk Manager to lead the Risk team in London. The Risk Specialist will support the business in all key risk management matters affecting the organisation, including working alongside the traders - both challenging and...

  • Head of Credit

    8 hours ago

    City of London, United Kingdom Market Talent Ltd Full time

    Our client, a prestigious international bank, is seeking a Head of Credit to join their esteemed office in the City of London. This is a key leadership role where you will be instrumental in upholding the highest standards of credit quality at the approval stage, meticulously monitoring the credit portfolio, and ensuring strict compliance with Group policies...

  • Head of Credit

    17 hours ago

    City Of London, United Kingdom Market Talent Ltd Full time

    Our client, a prestigious international bank, is seeking a Head of Credit to join their esteemed office in the City of London. This is a key leadership role where you will be instrumental in upholding the highest standards of credit quality at the approval stage, meticulously monitoring the credit portfolio, and ensuring strict compliance with Group policies...

  • Head of Credit

    7 hours ago

    City Of London, United Kingdom Market Talent Ltd Full time

    Our client, a prestigious international bank, is seeking a Head of Credit to join their esteemed office in the City of London. This is a key leadership role where you will be instrumental in upholding the highest standards of credit quality at the approval stage, meticulously monitoring the credit portfolio, and ensuring strict compliance with Group policies...

  • Head of Credit

    8 hours ago

    City Of London, United Kingdom Market Talent Ltd Full time

    Our client, a prestigious international bank, is seeking a Head of Credit to join their esteemed office in the City of London. This is a key leadership role where you will be instrumental in upholding the highest standards of credit quality at the approval stage, meticulously monitoring the credit portfolio, and ensuring strict compliance with Group policies...

  • Head of Market Risk

    1 month ago

    London, United Kingdom Marks Sattin Full time

    We are partnered with a brokerage business group recruiting for a **Head of Market Risk** to join the team in London. Our client offers market making services, wholesale financial brokerage, liquidity services, investment & trading solutions, VC fund, ETF trading & funding platform within London & Europe. You will be paid a competitive salary with the...

  • Head of Market Risk

    1 month ago

    London, United Kingdom Marks Sattin Full time

    We are partnered with a brokerage business group recruiting for a **Head of Market Risk** to join the team in London. Our client offers market making services, wholesale financial brokerage, liquidity services, investment & trading solutions, VC fund, ETF trading & funding platform within London & Europe. You will be paid a competitive salary with the...

  • Head of Marketing

    5 days ago

    London, United Kingdom Market Halls Full time

    Head of Marketing - LondonHead of Marketing - Maternity Cover (12 months)Start date: August/September 2024 We are looking for someone to join our senior leadership team for what will be the most exciting year in Market Halls' history! Market Halls have been revolutionizing the British food hall scene and breathing new life into iconic landmarks since 2018....

  • Commodity Market Risk Manager

    1 month ago

    City of London, United Kingdom Barbara Houghton Associates Full time

    Our client a commodities trading company is looking for a Commodities Market Risk Manager to join their team on a permanent basis. The Senior Market Risk Manager will assist the Head of Risk on the exposure data needed for market and counterparty risk analysisas well as taking the lead in the project management of the Company’s market risk analytics and...

  • Head of Market Risk

    4 weeks ago

    London, United Kingdom RICHARD JAMES RECRUITMENT SPECIALISTS LTD Full time

    **Our client is a leading, world renowned Commodity trading company.** This position requires the individual to lead the market risk team for both Oil & Gas, which involves the ownership of the limits and risk appetite framework, ensuring the daily production of Var and other related metrics and working closely with the seniorleadership of the group to...

  • Risk Actuary

    1 month ago

    City of London, United Kingdom Lloyds of London Full time

    Lloyd’s is the world’s leading insurance and reinsurance marketplace. We share the collective intelligence and risk sharing expertise of the market’s brightest minds, working together for a braver world. Our role is to inspire courage, so tomorrow’s progress isn’t limited by today’s risks. Our shared values: we are brave; we are stronger...

  • Head of Credit

    16 hours ago

    City Of London, UK, Central London, United Kingdom Market Talent Ltd Full time

    Our client, a prestigious international bank, is seeking a Head of Credit to join their esteemed office in the City of London. This is a key leadership role where you will be instrumental in upholding the highest standards of credit quality at the approval stage, meticulously monitoring the credit portfolio, and ensuring strict compliance with Group policies...

  • Head of Treasury

    1 week ago

    City of London, Greater London, United Kingdom Market Talent Ltd Full time

    Our client is on the search for their new Head of Treasury to join this growing financial services boutique city based organisation, after recently going through a major reshuffle in the organisation, they are now creating a brighter path for themselves which you could be a part of. Senior individuals who have been out of the market for a number of years may...

  • Head of Treasury

    1 week ago

    City of London, Greater London, United Kingdom Market Talent Ltd Full time

    Our client is on the search for their new Head of Treasury to join this growing financial services boutique city based organisation, after recently going through a major reshuffle in the organisation, they are now creating a brighter path for themselves which you could be a part of. Senior individuals who have been out of the market for a number of years may...

  • Head of Credit

    20 hours ago

    City of London, Greater London, United Kingdom Market Talent Ltd Full time

    Our client, a prestigious international bank, is seeking a Head of Credit to join their esteemed office in the City of London. This is a key leadership role where you will be instrumental in upholding the highest standards of credit quality at the approval stage, meticulously monitoring the credit portfolio, and ensuring strict compliance with Group...

  • Head of Commodity Market Risk

    1 month ago

    London, United Kingdom Citi Full time

    The Global Commodities Market Risk team oversees the activity of the Commodities trading desks across London, Houston and Singapore, as part of the overall global Market Risk Function at Citi. This Head of Commodity Market Risk role oversees market risk for the UK/Europe/MEA Commodity desks and will lead a team of 4 market risk managers based in London. A...

  • Head of Marketing

    5 days ago

    London, United Kingdom Market Halls Central Support Full time

    Head of Marketing – Maternity Cover(12 months)Start date: August/September 2024We are looking for someone to join our senior leadershipteam for what will be the most exciting year in Market Halls' history!Market Halls have been revolutionizing the British food hallscene and breathing new life into iconic landmarks since 2018. Our vision? Totransform these...