Market Risk Manager - London, United Kingdom - RICHARD JAMES RECRUITMENT SPECIALISTS LTD

RICHARD JAMES RECRUITMENT SPECIALISTS LTD

Verified Company

London, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Our client is a very successful international Energy Trading company with access all key markets worldwide

The Market Risk team provides an independent view of market risk exposure for all physical and financial energy trading activity.

The team is responsible for designing risk methodologies, implementing a suitable risk control framework and providing quantitativeand qualitative market risk analysis and risk control solutions.

The team works closely with other Middle Office functions to provide a global platform of systems, processes and controls in support of our clients commercial activities.

The role will involve the management of a global team, including staff in one other international location.

The role will manage the interface on market risk matters with shareholder risk functions, internal and external audits and a key interface with the commercial teams on risk matters.

The role will involve close liaison with Credit Risk, Internal Audit andProduct Control teams and require interaction across the business to maintain a firm control culture.

The role is part of the Middle Office leadership team and strong team spirit and collaboration is expected with all counterparts.

Key Role Responsibilities

Support the Senior Manager Market Risk to manage and lead the Market Risk team across both offices, providing direction and standards of operational delivery for the function, ensuring a global and cohesive approach
Provide visibility of market and operational risks to the Executive team and senior trading management through metrics, exception reports and timely escalation of issues
Develop market and operational risk methodologies and solution strategies to ensure the implementation of globally consistent standards, policies, and operating practices
Provide technical leadership to ensure accurate and appropriate risk identification, measurement and controls process design for the portfolio
Prepare and coordinate Global Risk Committees with the Senior Market Manager and appraise them on key market risks
Evaluate and assess new products, trading strategies and new business activities for impact on the Company's market risk profile and operations
Coordinate, where appropriate, the NBC process and structured due diligence around new/material business. Provide practical challenge to new business activity, a full and fair representation of the activity and includes comprehensive due diligence
Report market risks and KRIs to internal and shareholder stakeholders, ensuring an accurate and timely manner
With the support of Internal Control and Compliance team investigate, when relevant, significant breaches and incidents and timely flag potential breaches of the Risk Mandate, Risk Management Procedures and Business Transaction Procedures
Implement improvements to the control platform in order to strengthen controls, processes and operational performance, prevent inaccuracies and mistakes
Play a leading role in developing and implementing valuation and risk quantification systems. Validate front office valuation models used to define P&L and risk position
Build a culture within the team and within the wider company of risk awareness and risk insight, where a speakup culture is encouraged and expected.

EXPERIENCE:

Experience in energy market risk management within an investment bank or energy trading company
Detailed knowledge of global energy commodity markets and derivatives products
Indepth knowledge of risk metrics across market and liquidity risk
Track record of risk control leadership in design, implementation and organisational influence
Experience in project and people management
At least 8 years of professional experience

TECHNICAL REQUIREMENTS:

Indepth knowledge of risk management processes within a commodity trading environment
Expert knowledge of KRIs relevant to energy commodity markets
Strong mathematical and analytical skills, including a good understanding of statistics
Proficient with Microsoft Office products, VBA, SQL, Matlab, Python, and Alteryx preferred

PERSONAL PROFILE:

Attention to detail and a strong focus on the accuracy of information
A proven track record of leading and motivating others
Strong communication and interpersonal skills, including the ability to accurately communicate complex technical information in an accessible manner to all audiences
Ability to communicate and motivate across borders, cultures and working environments (office/virtual)
Strong team spirit and motivation, able to set and embody a highperformance working culture
Ability to influence and advise at a senior management level across functions
Ability to manage a time constrained environment of often conflicting pressures