Posted 13 days ago
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**Risk, Market Risk (Commodities), Vice President, New York** - **Role:** Vice President, New York. Oversee market risk for Global Commodities in New York. - **Responsibilities:** Review risk measures, influence risk-taking behavior, identify emerging risks, and communicate with stakeholders. - **Skills & Experience:** 4-8 years in market risk management, strong academia in finance/mathematics, commodity product knowledge, proficient in Excel, Bloomberg, Refinitiv Eikon, and coding. *Note: Only the provided job description was used to create the summary; no external information was considered.*
- Compensation
- $130,000 – $260,000 USD
- City
- New York City
- Country
- United States
Currency: $ (USD)
Full Job Description
Vice President: Market Risk professional covering the Global Commodities business from New York
We are looking for a professional to join the second line of defense Market Risk group as market risk manager in New York covering the Global Commodities business (Oil & Products, Natural Gas & Power, Metals, Agriculture).
DIVISION AND DEPARTMENT OVERVIEW
The Risk Division is responsible for independent review of market, credit, operational, model, and liquidity risk throughout the firm as well as enterprise wide stress testing.
Market Risk is a Department within the Risk Division that facilitates effective deployment of risk appetite, prudent risk management and regulatory compliance for the Firms market risks. The group acts as a key stakeholder in ensuring that the firms business plans are within its market risk appetite, and engages directly with businesses on the review and challenge of risk management actions. The group also plays a key role in keeping the Board of Directors apprised of the firms market risk profile. This is achieved through the use of a suite of risk measures, proactive application of expert judgement, and limit setting. Activities are centered on risk management and analysis, transparency and escalation of risk, supervision, and overall process improvement.
KEY RESPONSIBILITIES
- Ongoing review of risk measures (VaR, greeks, stress tests) and interaction with 1stline risk takers
- Evaluate risk taking behavior and influence outcomes through portfolio and transaction level risk analysis taking into consideration risk appetite
- Collaboration with Risk Engineering colleagues on the development of new risk measures / stress tests and improvements to existing measures
- Proactive identification of emerging risks (e.g. basis risks, crowded trades)
- Limit/threshold setting
- Connect events (e.g. macroeconomic data releases, political elections) to potential vulnerabilities
- Dissemination of information and education of stakeholders through effective and timely communication and collaboration
- Communication with senior management and regulators
QUALIFICATIONS
- Four to eight years experience in market risk management or similar role with transferable skills
- Strong academic record with Bachelors degree, equivalent or above in Finance, Mathematics or a related quantitative/analytical discipline preferred
- Deep understanding of financial products including their risk/reward tradeoffs with a focus on Commodity Products preferred
- Deep understanding of market risk measures, concepts, and regulatory rules: VaR, stress testing, greeks, Volcker rule, CCAR
- Excel, Bloomberg, Refinitiv Eikon familiarity, and ability to pick up in-house systems
- Ability to code
- Proven problem solving ability and control mindset
- Able to analyze and challenge risk taking activities while engaging effectively with first line of defense
- Desire and ability to collaborate with people from different departments and levels of seniority
- Desire and ability to communicate complex information and concepts in layperson terms directly with senior management (both written and verbally)
