Head of Commodities Risk Management - London- Tier One Investment BankDATE8 SepLOCATIONLondonCOMPENSATIONCompetitiveKEY SKILLSDESCRIPTIONSALARY RANGE OR SPECIFIED NUMBER BONUSHighly competitiveSUMMARYFollowing an expansion within their commodities trading desks, a leading Tier One investment bank is looking for a highly skilled risk manager to join their lead successful exotics team, covering both hard and soft commodities. The ideal candidate will have previous experience in the commodities space, with a particular focus on exotic derivatives and structured products. While many investment banks are slowly moving out of the commodities space, this investment bank's desk is highly profitable and continuing to grow.JOB DESCRIPTIONThe role includes:
• Defining and calibrating limits for commodity derivatives and options
• Monitoring and explaining all changes of the Greeks, VAR, stress testing and backtesting exceptions
• Discussing changes in trading strategies, as wells as any breaches
• Analysing and explanation of the P&L
• Leading a small team of risk managers and analystsIdeal Candidate
• 5-8 years of experience in market risk, with a focus on commodities
• In depth EM and derivative products knowledge, strong understanding of correlation risk
• Confident and pragmatic, proven ability to face off against traders
• MSc in a hard science (mathematics, physics, engineering), PHD preferred
• Previous commodities trading/ FO exposire is considered highly valuable