Front-Office Risk Manager for Commodities, VP at Citi

Citi; London; On-site; GBP 60,000 - 100,000; Full time

Job summary

Join a forward-thinking team focused on risk management and analytics within the commodities sector. This mid-senior level position offers the chance to leverage your quantitative skills and gain deep insights into risk management while collaborating with traders and senior management. You will assess risks for new trade types, produce insightful reports, and work closely with quantitative analysts to enhance trading platforms. This is an exciting opportunity to make a significant impact in a dynamic environment, where your expertise will help shape the future of trading strategies and risk management practices.

Qualifications

• Degree in a quantitative or financial discipline is essential.
• Experience in a quantitative or risk function is required.

Responsibilities

• Assess risk for new trade types and ensure trading performance aligns with risk framework.
• Produce reports that reflect risk and performance accurately.

Skills

Quantitative Analysis

Risk Management

Communication Skills

Project Management

Programming (Python)

Knowledge of Commodities Markets

Education

Degree in Quantitative Discipline

Degree in Financial Discipline

Tools

Risk Metrics Tools

Analytical Tools

Job description

Portfolio Management & Analytics is the risk-management team within Front Office that oversees all risk-taking and trading activities globally for the Commodities business (Energy, Metals, Ags, etc). We analyse and opine on the risk associated with any new significant transaction and all risks aggregated at the portfolio level. Our aim is to 1) prevent significant losses and create a culture of no-surprise by assessing thoroughly all risk types and challenging trading desks' views, 2) enable risk-taking for new trade types and optimise risk allocation at the portfolio level (VaR, RWA, etc) and 3) create best-in-class risk reports and fully map P&L to risk. We produce highly visible and sought-after analysis and opinion for traders, trading heads and senior management of the Commodities business and the wider firm; our approach is data-driven as well as qualitative.

We are looking for someone to join us at a mid-senior level to focus on our metals activity (precious and base), based in London. This is an ideal role for someone looking to leverage their technical background to build a solid expertise in risk-management; alternatively someone with a strong risk background seeking direct exposure and ability to impact the commercial side of the business.

Key responsibilities:

• Assess the risk for new trade types (new underlying, new payout, unusual size, etc) by using existing tools or developing new analytics (backtesting, etc); determine parameters to stay within risk appetite and stress associated hedging strategy
• Ensure trading performance is within agreed risk framework and take required action such as tweaking risk allocation, stopping traders out, etc.
• Produce reports that properly reflect risk and performance; articulate drivers behind those risk and performance.
• Create a strong rapport with traders by helping them understand risk and p&l in their books and at the same time by challenging their market views and positioning.
• Communicate on emerging risk themes and escalate pressing matters with senior management.
• Work with Quants and Tech to keep improving the trading platform and analytics.
• Work with the In-Business Risk group which aggregates and reports risks and performance from a front-office perspective for the Global Head of Markets.

Knowledge, skills and experience required:

• Degree in a quantitative or financial discipline
• Previous experience in a quantitative or risk function
• Knowledge and experience in Commodities markets (Metals, Power & Gas, Oil etc.) a plus
• Knowledge of financial instruments and risk metrics
• Quantitative skills including mathematics involved in risk estimation and modelling
• Excellent written and verbal communication skills
• Must be a self-starter, lateral thinker, flexible, innovative and adaptive
• Ability to work collaboratively at all levels of the organisation as well as ability to challenge status quo
• Excellent written and verbal communication and interpersonal skills
• Excellent project management and organisational skills and capability to handle multiple projects at one time
• Proficiency in programming languages such as Python etc is a plus

Candidates applying for this role must be aware that it is a Certified Role, subject to the Certification Regime. The Certification Regime is one element of the Individual Accountability Regime which has come into effect on 7 March 2016. Under the Certification Regime, certain Citi entities must ensure that employees working in certain roles categorised as specified significant harm functions (Certified Roles) are assessed as fit and proper to carry out their role.

Under the guidance provided by the FCA and PRA, firms should have regard to the following when assessing fitness and propriety:
â?¢ Honesty, integrity and reputation
â?¢ Financial soundness
â?¢ Competence and capability

In order to comply with the requirements of the Certification Regime, certain Citi entities must take reasonable care to ensure that an employee does not perform a Certified Role without first being certified as Fit and Proper. For this reason, you will be assessed for this role against the Fit and Proper requirements, as described above. This assessment will be carried out through extensive interviews, self-disclosures, permitted criminal record checks, reference checks, credit checks and other background checks. If hired for this role, you will also be required to complete an annual declaration regarding your Fitness and Propriety.

By submitting your application, you acknowledge that you have read the information above and that you are applying for a Certified Role. You also agree to Citi carrying out any additional screening required, including permitted criminal record checks, reference checks, credit checks and any other background checks.

Citi is an Equal Opportunities Employer
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Job Family Group:
Institutional Trading------------------------------------------------------
Job Family:
Structuring------------------------------------------------------
Time Type:
Full time------------------------------------------------------
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