A Global Commodity Trading House is seeking an experienced and driven Market Risk Coordinator to further strengthen the crude and derivatives market risk team. You will be expected to work alongside the Traders, front office and finance departments effectively, playing a key role in the development of ETRM system; taking into account the company's current and future requirements for growth.
Key Responsibilities:
- Produce and review daily P&L and Risk reports, amending any issues in a timely manner.
- Follow the pre-existing risk limits, as well as Setting up and implementing new limits across the business functions.
- Ability to collaborate with the front office and finance teams in selecting the required valuation methods and communicating the reasoning behind their selection.
- Recommend and Develop methodologies and tools for the calculation of risk measures for the commodity markets in line with ETS.
- Guarantee compliance for trading procedures with relevant controls and support when necessary internal and external audit requests
- Produce standard ETS middle office reports on structured products, including P&L and explanation, limit reports and VaR.
- Responsible for the continued enhancement of the ETRM systems.
- To aid in the development and implementation of the automated and infrastructure projects for the use of Market(s)
Qualifications:
- A degree in Quantitative Finance, Mathematics, Physics, or other science disciplines.
- Very strong knowledge and proven experience trading derivatives.
- Strong level of knowledge and practical experience using VBA Programming, Matlab and Excel.
- Experience and understanding of commodity options on physical assets including storage, swing, optimisation, optionality in physical oil terms.
- Ability to understand and apply risk management concepts, including stress-testing, value-at-risk, liquidity adjusted VaR and scenario analysis.
- Previous experience working in the banking, finance or finance sector.
- Strong understanding of options, mathematics and how they are priced.
- Ability to communicate ideas and findings fluently in English (written and spoken).
