We are looking for someone to join us at a senior level (Director) to head the PMA team, based either in London or in Houston. This is an ideal role for someone already in a Risk function with a very commercial mindset or someone in a trading role with strong quantitative skills looking to transfer their experience to the Risk side.

Key Responsibilities:

Assess the risk for new trade types (new underlying, new payout, unusual size, etc but especially complex and structured transactions) by using existing tools or developing new analytics (backtesting, etc); determine parameters to stay within risk appetite and stress associated hedging strategy

Ensure trading performance is within agreed risk framework and take required action such as tweaking risk allocation, stopping traders out, etc.

Produce reports that properly reflect risk and performance; articulate drivers behind those risk and performance.

Create a strong rapport with traders by helping them understand risk and p&l in their books and at the same time by challenging their market views and positioning.

Communicate on emerging risk themes and escalate pressing matters with senior management.

Work with Quants and Tech to keep improving the trading platform and analytics.

Work with the Central In-Business Risk group which aggregates and reports risks and performance from a front-office perspective for the Global Head of Markets.

Articulate and deploy the vision for the PMA function and team members.

Knowledge, Skills and Experience Required:

Degree in a quantitative or financial discipline

Previous experience in a quantitative or risk function or trading role; ideal candidate would have a mix of all three but not all three are necessary

Extensive knowledge and experience in at least one of the key commodities segments such as oil, metals, or gas / power / emissions

Knowledge of financial & physical instruments and risk metrics

Quantitative skills including mathematics involved in risk estimation and modelling

Excellent written and verbal communication skills

Must be a self-starter, lateral thinker, flexible, innovative and adaptive

Ability to work collaboratively at all levels of the organization as well as ability to challenge status quo

Excellent written and verbal communication and interpersonal skills

Excellent project management and organizational skills and capability to handle multiple projects at one time

This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.