Base Metals Risk Management Professional

7 days ago

London, Greater London, United Kingdom ICBC Standard Bank Full time

ICBC Standard Bank is seeking a seasoned Base Metals Risk Management Professional to join our Market and Liquidity Risk team.

Job Description:

This role will be responsible for identifying, monitoring, and reporting market risks related to metals business across both physical and derivative trading books. The ideal candidate will have strong experience working in base metals discipline, with a proven track record of managing market risk at Senior Manager level.

The successful candidate will possess technical knowledge of base metal risk management in derivatives and physical products, including UK, US, and Asia metals exchange futures, OTC linear and non-linear products, financing and intermediation of physical base metal products, and funding behavior and risk associated with these products.

We are looking for a strong communicator who can identify and challenge evolving market risks at senior Trading, Risk, and Front Office levels. The ideal candidate will also have agility to cover line risk across all precious and base metal products and be point person for developments to risk programs or frameworks with CTB or regulatory consequences.

Key Responsibilities:
  • Daily analysis on traded positions and inventory, risk, VaR/SVaR, stress scenario exposures vs respective controls, and ensure response action in accordance with relevant Market Risk and physical commodities risk policies.
  • Attest to the daily integrity of the VaR/SVaR by investigating underlying causes/changes to the positions and risk, performing key relevant back-testing controls, and explaining alignment to market risk drivers vs the market risk appetite (ECaP, EaR).
  • Identify Risks not in VaR (RNiV) and escalate such risks to Risk Methodologies & Analytics.
  • Risk factor time series maintenance on the metals Asset Class to ensure integrity on VaR and stress formats and other associated analysis involving historical simulation.
  • Validate and where necessary propose design input to metals risk factor parameters on pillar stresses and point of weakness stresses.
  • Implement, develop, monitor, and review appropriate market risk controls and reporting for applicable physical & trading derivative metals portfolios.
  • Highlight key risk factors and concentrations and their potential impact on the P&L using risk simulation tools. Use this assessment to explain and validate both Hypothetical and Actual PnL for back-testing.
  • Ensure compliance to all applicable market and Physical commodity risk regulatory and exchange standards, firm's risk appetite, internal supporting risk frameworks.
  • Undertake all regulatory risk deliveries, applicable to the role, in accurate and timely manner.
  • Establish strong working relations across Risk Peer departments, Treasury and Capital Management, Finance and Audit functions.
  • Preparation and challenge responsibility for new product and process risk assessments to ensure ongoing compliance with market risk policies, methodologies, and limits under appropriate governance committees.
  • Monitor the markets to proactively identify key developments that may impact the market risk profile of the metal business.
Salary:

The estimated salary for this role is £120,000 - £180,000 per annum, depending on experience.

About Us:

ICBC Standard Bank is a leading global bank with a presence in over 30 countries. We offer a dynamic and challenging work environment with opportunities for professional growth and development.

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