Senior Commodities Risk Manager (Quant & Portfolio)

Goldman Lloyds; New York (NY); Hybrid; USD 180,000 - 260,000; Full time

Job summary

Goldman Lloyds seeks an experienced Commodities Market Risk Manager to provide independent oversight across its commodity investment portfolios in a highly quantitative role. You will work closely with PMs and traders to challenge risks, understand positioning, and assess how strategies behave under different market scenarios.

The role emphasizes deep knowledge of natural gas, power, oil/energy and metals markets, with a focus on VaR, stress testing and nonlinear risks in complex derivatives

Qualifications

• Significant experience across commodities market risk and portfolio risk.
• Deep understanding of financial commodity derivatives (futures, options, swaps).
• Strong quantitative background with experience in complex derivatives portfolios.

Responsibilities

• Provide market risk oversight across commodity futures, options, swaps and other derivatives.
• Analyse portfolio exposures across natural gas, power, oil/energy, metals and other commodity markets.
• Partner with commodities PMs and traders to understand positioning, trade construction and changing portfolio risks.
• Assess directional, spread, basis, curve, volatility, correlation, liquidity and concentration risk.
• Perform stress testing, scenario analysis, sensitivities and risk decomposition.
• Analyse options portfolios including Greeks, volatility exposures and nonlinear risks.
• Identify concentrations and emerging risks not captured by headline metrics.
• Evaluate portfolio behaviour under historical and hypothetical dislocations.
• Challenge PMs on exposures, sizing and portfolio construction.
• Monitor risk limits and escalate material changes in portfolio risk.
• Develop and enhance quantitative frameworks used to measure commodities risk.

Skills

Commodities risk management

Quantitative analysis

Derivatives risk

Portfolio risk

VaR & stress testing

Communication with PMs/traders

Tools

Python

Job description

Goldman Lloyds seeks an experienced Commodities Market Risk Manager to provide independent oversight across its commodity investment portfolios in a highly quantitative role. You will work closely with PMs and traders to challenge risks, understand positioning, and assess how strategies behave under different market scenarios.

The role emphasizes deep knowledge of natural gas, power, oil/energy and metals markets, with a focus on VaR, stress testing and nonlinear risks in complex derivatives