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Commodities Market Risk Manager

Employer
Citigroup
Location
London, United Kingdom
Salary
Competitive Salary
Closing date
Feb 13, 2024

View more

Job Role
Risk Manager
Sector
Finance
Contract Type
Permanent
Hours
Full Time
The Global Commodities Market Risk team oversees the activity of the Commodities trading desks across London, Houston and Singapore, as part of the overall global Market Risk Function at Citi.
Market Risk is the risk that arises from movements in stock prices, interest rates, exchange rates and commodity prices and is distinguished from credit risk, which is the risk of loss from the failure of a counterparty to make a promised payment, and operational risk. The Market Risk Manager is a strategic professional who stays abreast of developments within his/her own field and contributes to directional strategy by considering their application in own job and the business. He/she is recognized as technical authority with the business for the commodity area under cover. Developed communication and diplomacy skills are required in order to guide, influence and convince others, in particular colleagues in other areas and occasional external customers, especially when delivering complex projects.
Role Overview
The successful candidate will join the Commodities Market Risk, UK/Europe and MEA Cluster team based in London, which oversees market risk exposure across Metals, UK/Europe and MEA Power & Gas, Softs, Exotics and Oil desks, including trading of both physical as well as financial products.
Specifically, the Market Risk Manager will be in charge of the daily oversight of market risk for 1 or more Commodities trading desks, covering both financial and physical trading activity, including monitoring and analyzing the exposure on a day-to-day basis, including legal entity, as well as performing independently analysis of large and complex trading structures. The candidate will also be in charge of medium length global regulatory projects for the Global Commodities team, as well as any other key cross-asset initiatives across the Market Risk function at Citi.
Ideally, the candidate will have similar working experience from a prior Market Risk role in Commodities, but we are also open to candidates with experience in market risk in other asset classes, or in other Commodities functions. Prior working knowledge of vanilla options is required. Strong communication, influencing as well as data handling skills are required. The team operates in a technically complex, fast changing and dynamic environment with an excellent culture of growth, learning and development.


Responsibilities:

- In charge of the Market Risk Management oversight for 1 or more Commodities trading desks, for both physical and financial trading, incl. definition of market risk limits framework
- Produces detailed analysis and reviews of structured and/or illiquid transactions, including recommendations on hedging practices vs risk appetite, and influences effectively senior management across the risk function, the business and other support functions. This includes both linear as well as vanilla option structures.
- Delivers projects to improve accuracy of Market Risk Analytics, across Var, Stress, etc.
- Works with trading desk to ensure that all relevant market risk factors are properly identified and formally captured in official risk systems.
- Oversees and ensure the integrity of the risk monitoring process
- Reviews and approve risk framework for Market Risk for risk-taking units
- Lead the roll out of new upgraded risk reports into Tableau, to facilitate better risk oversight for both Market Risk as well as Front Office.
- Takes charge of projects such as the testing and advancement of new VaR calculation framework (FRTB), enhanced stress testing as well as concentration risk monitoring.
- Monitors business compliance with the firm's market risk-related policies.
- Lead the roll out of new upgraded risk reports into Tableau, to facilitate better risk oversight for both Market Risk as well as Front Office.
- Takes charge of projects such as the testing and advancement of new VaR calculation framework (FRTB), enhanced stress testing as well as concentration risk monitoring.
- Monitors business compliance with the firm's market risk-related policies.
Qualifications:
- Relevant experience required, ideally in a Market Risk role supporting a Commodities portfolio.
- Commodities knowledge preferred, but open to Market Risk backgrounds from other asset classes
- Working knowledge of vanilla options is required
- Degree in a quantitative or financial discipline would be beneficial.
- Experience in performing data analysis, ideally including handling large set of data/database access via Python/SQL.
- Proficient in Microsoft Office applications.
- Excellent written and verbal communication skills.
- Excellent skills in working collaboratively and with people at all levels of the organization, most notably the Trading desk, whilst at the same time being assertive enough in order to influence and challenge where required.
#LI-CM2

Job Family Group:
Risk Management

Job Family:
Market Risk

Time Type:
Full time

Citi is an equal opportunity and affirmative action employer.
Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
Citigroup Inc. and its subsidiaries ("Citi") invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi (https://www.citigroup.com/citi/accessibility/application-accessibility.htm) .
View the "EEO is the Law (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/eeopost.pdf) " poster. View the EEO is the Law Supplement (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/OFCCP\EEO\Supplement\Final\JRF\QA\508c.pdf) .
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Citi is an equal opportunity and affirmative action employer.
Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.

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