Lead Senior Risk Manager Lead Senior Risk Manager …

Selby Jennings
in Sarnen, Obwalden, Switzerland
Permanent, Full time
Last application, 16 Oct 21
Negotiable
Selby Jennings
in Sarnen, Obwalden, Switzerland
Permanent, Full time
Last application, 16 Oct 21
Negotiable
Summary: A Global Commodity Trading House is seeking an experienced and driven Senior Risk Manager to further strengthen and lead the Market Risk team for Gas, Power & LNG. You will be expected to work alongside the front office, quant and middle office teams playing a key role in the development of the middle office function ensuring trading strategies are understood and robust risk management framework. A successful candidate will have a full understanding of all trading activities, current positions, P&L developments and risk figures to mitigate risk facing the business.

Key Responsibilities:

  • Lead the market risk team, acting as a mentor to the risk analysts in the team in creating a robust risk management framework, control function whilst supporting the Head of Group Risk.
  • Improve risk analytics for the whole middle office function through scenario analysis and stress-testing models.
  • Conduct back testing of risk metrics - including VaR and sensitivity/scenario analysis
  • Provide input into the definition of risk policies and procedures working as a commercial partner to support and challenge the business in day-to-day trading as well as long term strategic deals for business.
  • Perform complex quantitative and qualitative analysis for traders
  • The Implementation of pricing models for valuing and risk managing structured products.
  • Ability to use trading concepts and knowledge of Gas, Power and LNG markets to identify the main drivers of change in prices, price relationships and their associated Risks.
  • 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.
  • Responsible for the ongoing management and regular monitoring of structured products, their hedges and implement these processes to streamline and automate the programs
  • Tasked with obtaining approval to trade new structured products by collaborating with the internal departments, producing reports outlining the characteristics and underlining the potential risks.
  • Produce standard middle office reports on structured products, including P&L and explanation, limit reports and VaR.
  • To aid in the development and implementation of the automated and infrastructure projects for the use of Markets
  • Execute ad hoc projects for the development and enhancement of the Risk function.

Qualifications:

  • A degree in Quantitative Finance, Mathematics, Physics, or other science disciplines.
  • Min. 8 years' experience working in a Trading house - Boutique or Utility
  • Strong commercial knowledge of Gas, Power & LNG markets.
  • Strong knowledge of Physical and Financial assets for Gas & Power
  • Strong technical ability using Python or C# for coding, modelling and implementation purposes.
  • Openlink / Endur experience
  • Strong knowledge and understanding of commodity options on physical assets for Gas & Power including storage, LNG, swing, optimisation, optionality, CHP etc.
  • Ability to understand and apply risk management concepts, including stress-testing, value-at-risk, liquidity adjusted VaR and scenario analysis.
  • Strong understanding of options, mathematics and how they are priced.
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