Global Head of Market Risk

Location London
Discipline: Commodities
Job type: Permanent
Contact name: Freddie Ricks

Contact email:
Job ref: 1912
Published: 23 days ago
Global Head of Market Risk

We are representing a British oil trading firm trading across crude, products, biofuels and carbon, with over 400+ employees globally and 8 in the market risk function.


  1. Risk Metrics Oversight:

    • Supervise the daily production of key risk metrics and provide timely risk insights to traders and senior management regarding the trading portfolio.
  2. Market Knowledge and Analysis:

    • Maintain a comprehensive understanding of trading portfolios and stay informed about developments in commodity markets and other relevant areas.
  3. Quantitative Deal Analysis:

    • Conduct quantitative analysis on new deals, identifying embedded risks through simulation-based modeling, scenario analysis, and other methods.
  4. Risk Committee Leadership:

    • Chair the risk committee, ensuring senior management is informed about all risk developments.
  5. Team Development:

    • Lead and develop the team, enhancing the capabilities of junior staff members.
  6. Business Framework Formulation:

    • Collaborate with relevant business teams to formulate new business and product frameworks, integrating changes into current policies, processes, and systems.
  7. Analytical Reviews and Process Improvements:

    • Contribute to analytical reviews and implement improvements to market risk processes, models, and methodologies.
  8. Reconciliation and Collaboration:

    • Actively collaborate with other finance teams to provide a robust reconciliation of risk systems to accounts.
  9. Risk Presence and Stakeholder Engagement:

    • Create a strong risk presence, fostering risk discussions on the trading floor.
    • Build strong relationships in London, Houston, Singapore, and with the refinery.
  10. Compliance Leadership:

    • Play a key role in compliance-led issues such as sanctions, MIFID, and EMIR reporting.
  11. Best Practice Implementation:

    • Lead the implementation of best practices and drive change in a fast-moving environment.
  12. Hedging Strategy Development:

    • Help develop hedging strategies and enable management to make risk-based decisions related to hedging.
  13. Risk Policy Maintenance:

    • Maintain and update the Risk Policy to ensure alignment with evolving business needs and regulatory requirements.