Market Risk Manager – Commodities/Oil Trading

London, England, United Kingdom (On-site)

A commodities-focused trading house is looking for a front-office market risk manager to take over a number of their options/oil books in London. As a key risk manager who will be sitting with the risk takers in a front office position you will have many responsibilities with some of these listed and explained further below:

Responsibilities:

• Ensuring all risks are clearly measured and identified
• Escalating and illustrating the possible impact of key risks
• Resolving position and VAR issues and ensuring accuracy at all times
• Developing and maintaining pricing/risk tools for brokers and risk using excel/python either through developing models or enhancing existing models
• Conducting ad-hoc market analysis, as required by brokers, risk and management
• Define market data and valuation model methodology inclusive of physical business
• Understanding how daily market moves are impacting the company’s market risk

You will have the ability to build and maintain prototypes to widen the functional footprint of the team. You will have strong modelling skills. You will have direct exposure to assigned risk takers on daily risk management responsibilities. You will face off directly with the risk-takers.

This role is broad and varied with different skills required depending on the priority of the time. It covers market risk measures expanding into best practice modelling and marking of non-linear business. The role also covers understanding and interrogating the modelling of our physical business. The successful candidate will be a numerical problem solver. They will be self-sufficient and not dependent on central tech teams to deliver. They will be of high potential to grow into the opportunity that is here. They will be a strong communicator being able to deal with all levels of the organisation to represent both themselves and the team. They will be able to form strong working relationships with people inside and outside the team to help them deliver with the impact of wider initiatives which will be frequent.

Requirements:

• Minimum 4 years of work experience in a market risk-related role at an energy trader, hedge fund, bank, utility, or consultancy. There is flexibility with postgraduate applicants.
• You will have specialized in one or more of Oil, Power, Gas, or LNG.
• Degree in Maths, Science, Engineering, or Computer Science from a top university
• Proficiency in at least 1 coding language (VBA is acceptable)
• Entrepreneurial drive, ability to work independently as well as in a team
• Excellent problem-solving skills – able to find pragmatic solutions with an analytical mindset
• Excellent communication and interpersonal skills, ability to convey complex concepts in simple terms
• Ability to take a leadership role on wider initiatives and projects
• Previous experience in the commodities and/or derivatives trading industry

Highly competitive compensation on offer with a sign-on and guaranteed bonus part of the contract. If interested please apply directly here or at Volkan.ozbicer@radleyjames.com with your resume for further questions.