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Market Risk Manager - Commodities, VP

Job Req ID 22438803 Location(s) London, United Kingdom Job Category Risk Management
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The Global Commodities Market Risk team oversees the activity of the Commodities trading desks across London, Houston and Singapore, as part of the overall global Market Risk Function at Citi.

Market Risk is the risk that arises from movements in stock prices, interest rates, exchange rates and commodity prices and is distinguished from credit risk, which is the risk of loss from the failure of a counterparty to make a promised payment, and operational risk. The Market Risk Manager is a strategic professional who stays abreast of developments within his/her own field and contributes to directional strategy by considering their application in own job and the business. He/she is recognized as technical authority with the business for the commodity area under cover. Developed communication and diplomacy skills are required in order to guide, influence and convince others, in particular colleagues in other areas and occasional external customers, especially when delivering complex projects.

Role Overview:

The successful candidate will join the EMEA Commodities Market Risk team based in London, which oversees market risk exposure across Metals, EMEA Power & Gas, Softs, Exotics and Oil desks, including trading of both physical as well as financial products. The Market Risk Manager will be in charge of the daily oversight of market risk for one or more trading desks, including monitoring and analyzing the exposure on a day-to-day basis, including legal entity, as well as performing independently analysis of large and complex trading structures. The candidate will also be in charge of medium length global regulatory projects for the Global Commodities team, as well as any other key cross-asset initiatives across the Market Risk function at Citi.

Ideally, the candidate will have similar working experience from a prior Market Risk role in Commodities, but we are also open to candidates with experience in market risk in other asset classes, or in other Commodities functions. Strong communication, influencing as well as data handling skills are required. The team operates in a technically complex, fast changing and dynamic environment with an excellent culture of growth, learning and development.

Responsibilities:

  • In charge of the daily oversight of risk exposure and limits of one or more Commodities trading desks to ensure adequate risk taking across products, businesses and legal entities.

  • Performs independently analysis of structured transaction both financial as well as physical, developing associated analytical tools as required, and influences effectively senior management across the risk function, the business and other support functions.

  • Works with trading desk to ensure that all relevant market risk factors are properly identified and formally captured in official risk systems.

  • Lead the roll out of new upgraded risk reports into Tableau, to facilitate better risk oversight for both Market Risk as well as Front Office.

  • Takes charge of projects such as the testing and advancement of new VaR calculation framework (FRTB), enhanced stress testing as well as concentration risk monitoring.

  • Monitors business compliance with the firm’s market risk-related policies.

Experience / Competencies:

  • Relevant experience required, ideally in a Market Risk role supporting a Commodities portfolio.

  • Commodities knowledge, especially Oil, preferred.

  • Knowledge of financial instruments and risk metrics, including options.

  • Degree in a quantitative or financial discipline would be beneficial.

  • Experience in performing data analysis, ideally including handling large set of data/database access via Python/SQL.

  • Proficient in Microsoft Office applications.

  • Excellent written and verbal communication skills.

  • Excellent skills in working collaboratively and with people at all levels of the organization, most notably the Trading desk, whilst at the same time being assertive enough in order to influence and challenge where required.

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Job Family Group:

Risk Management

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Job Family:

Market Risk

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Time Type:

Full time

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Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

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