Front Office Risk Manager – Global Oil Trading Firm

Quantitative Finance and Risk
Published
28th February 2019
Location
Geneva, Switzerland
Job Type
Permanent
Salary
Competitive

Description

The Front Office Risk Manager will report to the Head of  Risk and will support the Head in directing the Europeans team’s activities. Key responsibilities include:

  • Advise senior management on the key risks held across the trading portfolio.
  • Monitor, understand and quantify key risks in the  trading portfolio.
  • Interact with Traders and Fundamental analysis teams to develop a coherent and real time view across markets, independently assess the risk/reward of strategies, and advise on portfolio management.
  • Conduct and direct independent analysis on market fundamentals, external factors, and statistical relationships. Produce and present high quality written reports.
  • Direct the New Business Committee process (similar to new product approval).
  • Interact with Traders and Originators to understand new business proposals (including proposals for trading new products).
  • Critically evaluate proposals and ensure that key risk elements are identified, communicated, and mitigated as necessary.
  • Coordinate with other Middle and Back office departments to facilitate the approval process.
  • Chair and minute New Business Committee meetings as required.
  • Liaise with other Middle and Back office departments to escalate and resolve emergent risk issues as appropriate.
  • Prepare ad-hoc reports at short notice for management.
  • Direct and train more junior members of the team in day to day activities (as per above).
  • Direct junior members of the team in design and building of analytical tools.

This list is not exhaustive and may include other tasks assigned by the manager and/or senior management.

Requirements:

  • 3+ years of experience in risk management or trading within an Investment Bank, Hedge Fund or oil Trading firm, either as a trader or commercial risk manager. r.
  • Experience interacting directly with traders, originators and senior management.
  • Demonstrable experience in quantifying and managing risks associated with exotic and vanilla option portfolios.
  • Knowledge of risk measurement (VaR and stress testing), back-testing and statistical analysis.
  • Knowledge of oil products
  • Experience in designing and building analytical tools and/or risk measurement models

For anymore information please contact georgetrewhella@bsmgroup.com

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