Commodities Market Risk Manager - Brokerage

Job Summary

• London
• Permanent
• BBBH807154
• May 11, 2022
• Competitive

Job Description
International brokerage house is seeking a Commodities Market risk Manager responsible for diligently assisting in managing the organisation's risk. Also responsible implementing risk framework

Your Role

An opportunity has arisen for a Market Risk Manager in the City of London to be responsible for diligently assisting in managing the organisation's risk. You will also be responsible for helping to implement, oversee and maintain the Risk Management Framework, inclusive of the Risk Appetite and Risk Tolerances and in line with its strategic plans and third party outsourced activities.

Reporting to the Head of Risk you will be required to assist in developing and maintaining detailed risk management policies and processes, provide specialist support and advice to the business and work with key business stakeholders to facilitate the improvement of the Risk Management Framework

Your Responsibilities

• Monitoring risk metrics methodologies including but not exclusively (VaR, Stress Test, Back testing, Greeks, concentration risk exposure and what if scenarios);
• Analysing daily risk reports, including but not limited to, portfolio backtest breaches, product backtest breaches (CFD, FX), market risk report, accounts on negative account value at market and accounts with negative option value;
• Real-time risk monitoring of clients using Reuters and ION Risk Informer;
• Market review to facilitate application of margin multipliers to volatile products;
• Maintenance of daily stress-testing framework: focused on assessing the impacts of several market scenarios on client P&L's;
• Assessing stress-test result vs. client profile and communicating findings to senior management;
• Client profile development for new clients from a market risk perspective (adhoc stress testing vs market volatility in instruments traded) to assist in setting Client Initial Margin Limits;
• Ownership of in-house developed CFD & FX VaR risk margin models;
• Analysing suitability of initial margin for new products (CFD and FX);
• Liquidity stress testing and analysis;
• Producing and communicating key risk reports for senior management;
• Presenting to Directors on a weekly basis of Market Risk Dashboard;
• Understanding impact of liquidity on trading constraint for front office;
• Liaising with the Exchanges and Clearing Houses (ICE, LME) regarding risk topics (margin calls, margin rates, contract specifications);
• Participation in Exchange Default Simulations
• Ability to liaise with front-office and discuss risk exposure, margin scenarios and position limit setting;
• Development of daily reports using SQL/VBA.

Your Profile

The successful candidate will possess the following:

5-10 years previous experience in a risk management role within financial services/brokerage firm

• Background in Futures and Options
• Experience working with Equities, CFDs and Commodities
• Advanced SQL, VBA Knowledge
• Intermediate Python knowledge
• Advanced Excel knowledge
• Ability to work under pressure
• Attention to detail
• Excellent knowledge of industry best risk management practice
• Experience in developing and implementing risk management policies and processes
• Ability to understand and articulate the commercial benefits of effective risk management
• Excellent communication, relationship management and influencing skills
• Ability to analyse, present and report risk management data to Directors
• Ability to provide and respond to challenge at senior/executive level
• Ability to adapt and respond to change

Morgan McKinley is acting as an Employment Agency and references to pay rates are indicative.

BY APPLYING FOR THIS ROLE YOU ARE AGREEING TO OUR TERMS OF SERVICE WHICH TOGETHER WITH OUR PRIVACY STATEMENT GOVERN YOUR USE OF MORGAN MCKINLEY SERVICES.