Commodities Hedge Fund - Product Control / Market Risk Manager

Employer: Carnegie Consulting
Location: London, United Kingdom
Salary: £90k - £120k
Closing date: Jan 11, 2023

Job Function: Hedge Funds
Industry Sector: Finance - General
Employment Type: Full Time
Education: Bachelors

Energy Commodities Hedge Fund - Senior Product Control / Market Risk Manager

£90,000 - £120,000 basic salary plus exciting bonus potential and employee benefits

The Opportunity:

Newly created role at an Award-Winning commodities focused alternative investment manager. The firm is authorized and regulated by the FCA and very much a champion of diversity and an equal opportunity employer
Working directly with a Partner of the business you will be responsible for shortening the lines of communication across the business, offering technical support to the COO, CRO, Traders etc., a number of which are also Founders of the business
This role is technical in nature, with a focus on a wide range of Middle Office, Trading and Risk related activities
Through your strong IT skills (Python / R / Excel), you will seek to proactively build tools to streamline a range of functions through process automation, production of effective Management Information (MI) etc.
Additionally, through your technical understanding of Energy Commodities you will have a firsthand appreciation of the trading strategies and risk appetite of the Traders, who you will support with position keeping, risk management, trade reporting etc. ...

More specific responsibilities will include:

Working for the Chief Risk Officer (CRO) on developing analytical tools and approach to providing "solutions" to the wider business
Working with the Chief Investment Officer (CIO), reviewing miss-pricing, ensuring closing prices and market observed pricing are aligned
Working closely with the Traders on their positions and trade related queries
Review and comment on daily PnL and Greeks position for Power, Gas, Oil, Carbon and Coal
Review of estimate and final P&L and investigation of difference if present
Perform daily trade allocations process and assist with the process of daily, monthly, and ad hoc settlements for European Power, Gas, Oil, Carbon and Coal Derivatives and Brokerage
Investigating and addressing risk of non-processed trades
Establish and run daily FX hedging processes
End-to-end post-execution Trade Flows, this includes daily reconciliations between trades, executing brokers, clearing brokers and Administrators. This would be supported by another team Ops member.
Working with executing brokers and exchanges to ensure trading accounts, GUA and trading limits are set-up
Daily reporting and portfolio data mining to respond to queries

Your Experience:

You will have a strong record of academic achievement (within a quantitative , combined with demonstrable experience working with Energy Commodities
You may have worked for a hedge fund, investment bank, asset manager of broker - any environment where you have been supporting Traders who have taken on "risk"
Through your practical experience of working closely with Traders, you will have an advanced understanding of financial derivatives and be able to add value to the business around Option pricing / Greeks etc.
Be highly proficient in Excel / Excel VBA, Python or R
Possess excellent communication skills (both written and verbal), and be able to work within a small and ambitious business where a number of the key internal stakeholders are Founders / Partners of the business
Be versatile, proactive, team focused - a real problem solver

My Client:

Award winning Commodities focused Alternative Investment Manager, authorized and regulated by the FCA
Highly ambitious business with a long track record of success, and a "vision" that the Founders are striving to achieve
Through their mission, my client is seeking to hire top talent who can help to provide additional layers of corporate governance, product and technological expertise, and seek to develop a scalable infrastructure fit for purpose
Hybrid working model. Beautifully appointed offices located within a true "landmark" building within the heart of the City of London
Equal opportunities employer and culture that promotes both personal and professional development

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