Market Risk Manager

Barclay Simpson; London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A leading global bank is seeking a Market Risk Analyst in London to excel in commodities trading. The role involves analyzing market risks, ensuring compliance, and maintaining stakeholder relations. Join a dynamic environment that offers growth opportunities and work under a reputable manager dedicated to team development.

Benefits

Supportive management

Global financial institution

Growth opportunities

Qualifications

• Experience in commodities trading, particularly metals, preferred.
• Excellent communication and interpersonal skills required.
• Knowledge of regulatory and exchange standards for market and commodity risk essential.

Responsibilities

• Analyse traded positions, risk, VaR/SVaR, and stress scenarios.
• Validate VaR/SVaR integrity through back-testing controls.
• Ensure compliance with market and commodity risk regulations.

Skills

Analytical skills

Communication

Interpersonal skills

Knowledge of market risk principles

Ability to manage multiple tasks

Tools

Risk management tools

Job description

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Location: London

About Us: Join one of the largest global banks and a leading player in commodities trading. We are committed to excellence and innovation in financial markets, providing robust solutions worldwide. Contribute to our reputation for quality and integrity.

Key Responsibilities:

• Daily Analysis: Analyse traded positions, inventory, risk, VaR/SVaR, and stress scenarios. Ensure actions align with Market Risk and physical commodities risk policies.
• Integrity Attestation: Validate VaR/SVaR integrity by investigating changes to positions and risks, performing key back-testing controls. Align risk drivers with market risk appetite (ECaP, EaR).
• Risk Identification: Identify and escalate Risks not in VaR (RNiV) to Risk Methodologies & Analytics.
• Risk Factor Maintenance: Maintain metals risk factor time series for VaR and stress formats. Perform historical simulation analysis.
• Parameter Validation: Validate and propose metals risk factor parameters for pillar and point of weakness stresses.
• Risk Controls: Implement, monitor, and review market risk controls and reporting for metals portfolios.
• Risk Simulation: Highlight key risk factors, assessing their P&L impact using risk simulation tools. Validate hypothetical and actual P&L for back-testing.
• Compliance: Ensure compliance with market and physical commodity risk regulations, firm’s risk appetite, and frameworks.
• Regulatory Deliveries: Complete regulatory risk deliveries accurately and timely.
• Stakeholder Relations: Build strong relations with Risk Peer departments, Treasury, Finance, and Audit functions.
• New Product Assessment: Prepare and challenge risk assessments for new products to ensure compliance with policies and limits.
• Market Monitoring: Monitor markets to identify developments impacting metals market risk profile.
• Performance Objectives: Meet objectives set by the Head of Market and Liquidity Risk manager.

Qualifications:

• Strong analytical skills with a deep understanding of market risk principles.
• Experience in commodities trading, particularly metals, is preferred.
• Proficient in risk management tools and systems.
• Excellent communication and interpersonal skills.
• Ability to manage multiple tasks and work collaboratively.
• Knowledge of regulatory and exchange standards for market and commodity risk.

Why Join Us:

• Working for an outstanding manager with a brilliant reputation for supporting and developing their team.
• Work with a globally recognised financial institution.
• Dynamic environment with growth opportunities.