Senior Risk & Trading Operations Manager

Logic Hire Solutions LTD; Toronto; Hybrid; CAD 100,000 - 120,000; Full time

Job summary

A leading company in risk management is seeking a Senior Risk & Trading Operations Manager in Toronto, Ontario. The role requires expertise in financial risk modeling, trading operations, and regulatory compliance across metals markets, directly influencing trading strategy and operational efficiency in a high-visibility position.

Benefits

High Visibility Role

Opportunity to work with AI-driven risk models

Global Exposure

Qualifications

• 10+ years of experience in front-to-back trading operations.
• Experience in metals trading (LME, COMEX, OTC).
• Proven track record in market / credit risk modeling.

Responsibilities

• Establish credit limits and monitor exposures.
• Conduct credit risk assessments and develop VaR models.
• Implement SOX controls and lead internal audits.

Skills

python

trading

market risk analysis

advanced excel

financial risk modeling

sql

operations

trade capture

hedging & collateral management

power bi

Education

Bachelor’s degree in Finance, Economics, Accounting, Math, or Engineering

CFA, FRM, CPA, or MBA (Finance / Risk Management)

Certified Commodity Trader (CCT) or PMP

Tools

Bloomberg Terminal

SQL

Python

Power BI

Tableau

Excel VBA

Job description

Senior Risk & Trading Operations Manager

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Logic Hire Solutions LTD provided pay range

This range is provided by Logic Hire Solutions LTD. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range

CA$100,000.00 / yr - CA$120,000.00 / yr

Location : [ Hybrid]

Reports To : Chief Risk Officer (CRO) / Head of Trading / CFO

Job Purpose

The Senior Risk & Trading Operations Manager serves as the critical bridge between front-office trading and back-office accounting , ensuring risk mitigation, operational efficiency, and regulatory compliance across metals trading and financial instruments. This role requires deep expertise in financial risk modeling, trade lifecycle management, and process automation , with a focus on metals markets (precious / industrial) .

Core Responsibilities

• Establish credit limits for counterparties, monitor exposures, and enforce collateral agreements.
• Conduct credit risk assessments using PD / LGD models, rating agency data, and internal scoring.
• Develop and maintain VaR (Value-at-Risk), stress testing, and scenario analysis models for metals portfolios.
• Monitor liquidity risk, basis risk, and gap risk in commodity derivatives (forwards, futures, options).
• Identify and mitigate risks in trade execution, settlement fails, and margining errors.
• Implement SOX controls, reconciliation breaks resolution, and fails management.
• Trading & Middle Office Optimization
• Trade Lifecycle Management :
• Oversee trade capture, confirmation, settlement, and reconciliation for OTC and exchange-traded metals products.
• Ensure STP (Straight-Through Processing) and reduce manual interventions in trade flows.
• P&L Attribution & Reporting :
• Analyze daily P&L drivers, including MTM adjustments, funding costs, and hedging impacts.
• Investigate breaks between front-office risk systems and back-office accounting (e.g., SAP, Oracle GL).
• Optimize margin calls, collateral eligibility, and CSA (Credit Support Annex) compliance.
• Work with treasury on FX hedging, metal lease rates, and liquidity management.
• Regulatory Compliance & Audit
• Key Regulations :
• Ensure adherence to Basel III, EMIR, Dodd-Frank, MiFID II, and IFRS 9 / 13.
• Prepare regulatory reports (e.g., CFTC Large Trader Reporting, SEC filings).
• Internal Controls & Audit :
• Lead internal audits, SOX testing, and external regulator reviews.
• Document risk policies, trade surveillance controls, and compliance frameworks.
• Technology & Financial Modeling
• Systems & Tools :
• Bloomberg Terminal (CMDT, FA, PORT) : Real-time pricing, risk analytics, and metals market data.
• Advanced Excel (VBA, Power Query, Power Pivot) : Build P&L models, risk dashboards, and automated reports.
• SQL / Python (Preferred) : Extract, transform, and analyze large trade datasets.
• Process Automation :
• Develop automated reconciliation tools between trading systems (e.g., Murex, Calypso) and accounting ledgers.
• Enhance real-time risk monitoring using Power BI / Tableau.

Required Qualifications & Skills

Education & Certifications :

• Mandatory : Bachelor’s degree in Finance, Economics, Accounting, Math, or Engineering.
• Highly Preferred :
• CFA, FRM, CPA, or MBA (Finance / Risk Management).
• Certified Commodity Trader (CCT) or PMP (if process optimization-focused).

Experience (10+ Years) :

• Front-to-Back Trading Operations :
• Experience in metals trading (LME, COMEX, OTC), including forwards, swaps, options.
• Knowledge of trade confirmation (MarkitWire, ICE Link), settlement (DTCC, CLS), and margining (ISDA SIMM).
• Proven track record in market / credit risk modeling (Monte Carlo, Greeks, CVA / DVA adjustments).
• Familiarity with risk systems (MSCI RiskMetrics, Bloomberg PORT, Reuters Kondor+).
• Accounting & Controls :
• Understanding of IFRS 9 hedge accounting, FAS 133, and trade booking flows (front to GL).

Technical Skills

Category Tools / Expertise Trading Platforms Bloomberg, Reuters Eikon, LMEselect Risk Systems MSCI RiskMetrics, Algorithmics, Calypso Programming Excel VBA, SQL, Python (Pandas, NumPy) ERP / Accounting SAP FICO, Oracle Financials, Geneva Visualization Power BI, Tableau, ThinkCell

• Decrease VaR breaches by X% through enhanced hedging strategies.
• Reduce settlement fails by automating trade matching.
• Process Efficiency :
• Cut manual reconciliation time by implementing AI / ML-based matching tools.
• Improve STP rate from X% to Y% via API integrations.
• Regulatory Compliance :
• Zero material audit findings in annual regulatory reviews.

Why Join?

• High Visibility Role : Direct impact on trading strategy, risk appetite, and P&L.
• Cutting-Edge Tech : Opportunity to work with AI-driven risk models and automation tools.
• Global Exposure : Engage with LME, COMEX, Shanghai Futures Exchange (SHFE) markets.

Skills : python,trading,market risk analysis,advanced excel,operations,financial risk modeling,sql,trade capture,operational risk mitigation,hedging & collateral management,power bi,risk management,data analysis,internal controls,metals,risk,financial modeling,process automation,trade lifecycle management,accounting,regulatory compliance,p&l attribution,bloomberg terminal,credit risk assessment,compliance,tableau,management

Seniority level

Seniority level

Mid-Senior level

Employment type

Employment type

Full-time

Job function

Job function

Management and Manufacturing

IT Services and IT Consulting

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