Senior Market Risk Commodities Manager, Senior Vice President

4 weeks ago

London, Greater London, United Kingdom Citigroup Global Markets Limited Full time
Market Risk Commodities Manager Role Overview

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 Citigroup Global Markets Limited. Market Risk is the risk that arises from movements in stock prices, interest rates, exchange rates, and commodity prices and is distinguished from credit risk, which is the risk of loss from the failure of a counterparty to make a promised payment, and operational risk.

The successful candidate will join the EMEA Commodities Market Risk team based in London, which oversees market risk exposure across Metals, EMEA Power & Gas, Softs, Exotics, and Oil desks, including trading of both physical as well as financial products.

The Senior Market Risk Manager will be in charge of the daily oversight of market risk for the Base and Precious Metals trading desk, covering both financial and physical trading activity, including monitoring and analyzing the exposure on a day-to-day basis, including legal entity, as well as performing independently analysis of large and complex trading structures. The candidate will also be in charge of medium-length global regulatory projects for the Global Commodities team, as well as any other key cross-asset initiatives across the Market Risk function at Citigroup Global Markets Limited.

The ideal candidate will have similar working experience from a prior Market Risk role in Commodities, but we are also open to candidates with experience in market risk in other asset classes, or in other Commodities functions. Strong communication, influencing, as well as data handling skills are required. The team operates in a technically complex, fast-changing, and dynamic environment with an excellent culture of growth, learning, and development.

Key Responsibilities
  • In charge of the Market Risk Management oversight for the Metals trading desk, covering Base and Precious activities (both physical and financial trading), incl. definition of market risk limits framework,
  • Produces detailed analysis and reviews of structured and/or illiquid transactions, including recommendations on hedging practices vs risk appetite, and influences effectively senior management across the risk function, the business, and other support functions.
  • Delivers projects to improve accuracy of Market Risk Analytics, across VaR, Stress, etc.
  • Works with trading desk to ensure that all relevant market risk factors are properly identified and formally captured in official risk systems.
  • Oversees and ensures the integrity of the risk monitoring process
  • Reviews and approves risk framework for Market Risk for risk-taking units
  • Leads the roll out of new upgraded risk reports into Tableau, to facilitate better risk oversight for both Market Risk as well as Front Office.
  • Takes charge of projects such as the testing and advancement of new VaR calculation framework (FRTB), enhanced stress testing as well as concentration risk monitoring.
  • Monitors business compliance with the firm's market risk-related policies.
Requirements
  • Relevant experience required, ideally in a Market Risk role supporting a Commodities portfolio.
  • Commodities knowledge, especially Metals, preferred.
  • Knowledge of financial instruments and risk metrics, including options.
  • Degree in a quantitative or financial discipline would be beneficial.
  • Experience in performing data analysis, ideally including handling large sets of data/database access via Python/SQL.
  • Proficient in Microsoft Office applications.
  • Excellent written and verbal communication skills.
  • Excellent skills in working collaboratively and with people at all levels of the organization, most notably the Trading desk, whilst at the same time being assertive enough in order to influence and challenge where required.
What We Offer

We work hard to have a positive financial and social impact on the communities we serve. In turn, we put our employees first and provide the best-in-class benefits they need to be well, live well, and save well.

By joining Citigroup Global Markets Limited, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week), but also receive a competitive base salary (which is annually reviewed), and enjoy a whole host of additional benefits such as:
  • Generous holiday allowance starting at 27 days plus bank holidays; increasing with tenure
  • A discretionary annual performance-related bonus
  • Private medical insurance packages to suit your personal circumstances
  • Employee Assistance Programme
  • Pension Plan
  • Paid Parental Leave
  • Special discounts for employees, family, and friends
  • Access to an array of learning and development resources
Alongside these benefits, Citigroup Global Markets Limited is committed to ensuring our workplace is where everyone feels comfortable coming to work as their whole self every day. We want the best talent around the world to be energized to join us, motivated to stay, and empowered to thrive.

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