Commodities Market Risk Manager

Marex Spectron; London; On-site; GBP 50,000 - 100,000; Full time

Job summary

Join a dynamic and inclusive global financial services platform that excels in providing essential liquidity and market access. This role focuses on proactive risk management, ensuring compliance with risk policies, and enhancing market risk management systems. You will be at the forefront of managing firm accounts, analyzing liquidity, and reporting on key risk metrics. Collaborate with a talented team and leverage your quantitative skills to make impactful contributions in a challenging yet rewarding environment. If you're passionate about financial markets and ready to take the next step in your career, this opportunity awaits you!

Qualifications

• Strong quantitative background in commodities options pricing and risk management.
• Experience in managing Exchange Traded Futures & Options in financial markets.

Responsibilities

• Manage firm accounts to mitigate risks and protect capital.
• Oversee daily reporting on positions and escalate key risk issues.
• Mentor and train team members while ensuring adequate staffing.

Skills

Quantitative Analysis

Risk Management

Commodities Options Pricing

Stress Testing

Programming (C+, SQL, Python, Matlab)

Microsoft Office (VBA)

Leadership

Financial Markets Knowledge

Education

Degree in Quantitative Finance or related field

Relevant professional designation

Tools

Risk Management Systems

Data Analytics Tools

Job description

Marex is a diversified global financial services platform, providing essential liquidity, market access and infrastructure services to clients in the energy, commodities and financial markets.

The Group provides comprehensive breadth and depth of coverage across four core services: Market Making, Clearing, Hedging and Investment Solutions and Agency and Execution. It has a leading franchise in many major metals, energy and agricultural products, executing around 50 million trades and clearing 205 million contracts in 2022. The Group provides access to the world’s major commodity markets, covering a broad range of clients that include some of the largest commodity producers, consumers and traders, banks, hedge funds and asset managers.

Marex was established in 2005 but through its subsidiaries can trace its roots in the commodity markets back almost 100 years. Headquartered in London with 36 offices worldwide, the Group has over 1,800 employees across Europe, Asia and America.

Marex has unique access across markets with significant share globally both on and off exchange. The depth of knowledge amongst its teams and divisions provides its customers with clear advantage, and its technology-led service provides access to all major exchanges, order-flow management via screen, voice and DMA, plus award-winning data, insights and analytics.

Responsibilities:

1. Proactive management of firm accounts in excess of pre-defined risk parameters or experiencing trading losses to bring exposures within parameters and/or protect the firm’s capital. Actions may include prompt communication with firm traders on risk parameters breached, escalation to senior management within Risk and the business.
2. Oversight of daily reporting on firm positions including VaR, Sensitivity Analysis & Stress Testing. Escalating key risk issues to both Risk and Business Management where required.
3. Liquidity analysis of firm portfolios and of individual underlying positions in relation to market depth.
4. Perform analysis and preparation of risk reports and risk Powerpoint packs as required by Senior Management and the Board.
5. Delivering on allocated projects and system development items as well as proactively engaging on risk or control improvement ideas with the wider team.
6. Responsibility for managing, mentoring, and training direct reports.
7. Ensuring London market risk team is adequately staffed to cover various markets and global trading hours. Team members holiday management.
8. To effectively communicate risk management principles to internal and external stakeholders.
9. Developing and maintaining effective Market Risk management systems.
10. Responsibility for ensuring adherence to risk policies & procedures at all times and escalation of potential issues.

Skills and Experience:

1. A strong quantitative background gained in education and/or in a professional setting with particular focus on commodities options pricing & hedging as well as exposure to risk management concepts, particularly VaR, Sensitivities & Stress Testing.
2. A strong risk management background with experience in commodities and a proven interest in markets (exchanges).
3. A good understanding of financial markets gained in a Brokerage or Banking institution from either the Risk Management or Trading sides. Experience of risk managing Exchange Traded Futures & Options.
4. Composure, character and presence to work effectively in challenging market conditions to instil required level of authority on any situation.
5. Ability to build and maintain effective working relationships across all areas of the firm and communicate effectively across all levels.
6. Understanding of pre-trade and post-trade risk controls and their applications.
7. Leadership & Managerial qualities.
8. Good understanding of processes, controls and responsibilities associated with a Financial Markets business.
9. Candidates with a strong programming skillset preferred (C+, SQL, Python, Matlab).
10. Strong Microsoft Office skills, high level VBA skills within Excel.
11. Relevant professional designation desirable.

If you’re forging a career in this area and are looking for your next step, get in touch!

Marex is fully committed to being an inclusive employer and providing an inclusive and accessible recruitment process for all. We will provide reasonable adjustments to remove any disadvantage to you being considered for this role. We value the differences that a diverse workforce brings to the company. We welcome applications from candidates returning to the workforce. Also, Marex is committed to avoiding circumstances in which the appearance or possibility of conflicts of interest may exist within the hiring process.

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