Head of Market Risk

Our client is a Commodity trading company based in Geneva.

The successful candidate will be responsible for the end-to-end management of market risk and trading control activities. This includes oversight of the product control / middle office function, ownership of P&L attribution and valuation governance, and leading the market risk framework, including real-time monitoring, limits and risk analytics. This is a critical role to ensure trading integrity, risk transparency and compliance in an energy trading environment. You will be responsible for identifying, measuring and managing market risk exposures across the trading portfolios.

RESPONSIBILITIES :

• Lead and manage the Market Risk team responsible for overseeing risk exposures across physical and derivative oil trading activities. Providing coaching, guidance and support to ensure effective risk management practices and develop team members.
• Develop, implement, maintain and improve market risk management frameworks, policies, processes methodologies, risk limits and internal controls, including contributing to analytical reviews.
• Build and maintain a strong risk presence within the Geneva office; and develop excellent relationships with key stakeholders globally.
• Taking a lead to ensure that the trading book structure aligns with the Company’s objectives.
• Monitor trading risks (exposures) against policies, guidelines and trading risk limits, ensuring compliance with all risk policies, trading limits and procedures by trading personnel, and develop strategies to mitigate these risks.
• Oversee and monitor the reporting of daily mark-to-market P / L, position risk and risk metrics (e.g. VaR).
• Performing back-testing and stress testing to validate trading P / L, positions and VaR as per the Trading Policy, and overseeing scenario analysis.
• Monitor and ensure the appropriateness of intra-book trades against the Transfer Pricing Policy and associated formulas.
• Partner with Traders, Operations and Finance to ensure accurate market risk reporting and risk-adjusted decision-making.
• Report against the trading team’s KPIs.
• Identify, continually monitor and update broader external market risks that may impact on the business in the short, medium and longer term.
• Preparing monthly reports for senior management that include analytics, risk metrics, insights and external market risks.
• Assess and provide risks oversight of new business opportunities and their impact on the existing business profile, including developing and communicating independent market fundamental analysis to support the risk assessment.
• Support in the implementation and maintenance of risk systems and related infrastructure development efforts to support risk identification and reporting.
• Ensure the accuracy of data in the risk management systems.
• Ensure compliance with internal controls, external regulations and audit requirements.

KEY SKILLS & COMPETENCIES :