Commodity Risk Manager

1 week ago


London, Greater London, United Kingdom Eleven Full time

Exciting Opportunity at Eleven

About the Role

We are seeking a highly skilled Senior Market Risk professional to join our Risk Team at Eleven. As a global commodity trading company, we are expanding our operations and looking for a talented individual to help us navigate the complexities of the market.

Key Responsibilities

  • Conduct daily analysis of trading positions, profit and loss, and Value-at-Risk on an aggregate portfolio basis down to the trading portfolio level.
  • Monitor trading activity daily against established trading authority limits and work with traders to adjust limits as business dictates.
  • Ensure adherence to S&T Control Policy and escalate to appropriate levels when necessary.
  • Create, adjust, and validate price curves in collaboration with the front office to ensure accuracy and market exposure.
  • Work with IT and Risk Control Global teams on system and ad-hoc projects to drive adoption of digital tools, global alignment, and timely implementations.
  • Perform ad-hoc analysis of commodity price volatilities, correlations, absolute prices, VaR, or other duties as assigned.
  • Act as steward for trading system data.

Qualifications and Experience

  • Bachelor's degree in a relevant field.
  • Minimum of 2 years' experience in Risk Control/Market Risk gained within an Oil & Gas or Bank trading environment.
  • Excellent interpersonal skills with the ability to explain complex subjects to all levels from traders through to senior managers.
  • Ability to prioritize and work to deadlines.
  • Understanding of the underlying fundamentals of commodity and product flow.
  • Ability to analyze large data sets to enable insightful analysis that explains drivers in exposure, P&L, and VaR to Supply & Trading organization.
  • Highly proficient with Excel and trading database applications.
  • Ability to work closely with IT on system and digital projects, troubleshooting issues, and drive changes needed.
  • Ability to effectively interact and communicate with team members, Supply & Trading personnel, and senior management from all functions.
  • Provide clear, logical recommendations in a concise manner to both internal and external stakeholders.
  • Ability to synthesize complex topics and present appropriate levels of detail for the audience.
  • Strong interest in acting as and developing into a market risk subject matter expert.

About Eleven

Eleven is a global commodity trading company that trades Oil, Gas, Power, and LNG. We are committed to excellence and innovation in our operations and are looking for talented individuals to join our team.



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