Head of Risk

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

Contact email: freddie.ricks@venturesearch.com
Job ref: 1548
Published: 27 days ago

Head of Risk - Physical and Proprietary Trading Firm

We are representing a prominent physical and proprietary trading firm specializing in cross-commodity trading, with a primary focus on metals. With a strong presence in the global market, they have established themselves as a trusted leader in the industry. Their expertise, coupled with an innovative approach, enables them to capitalize on market opportunities and deliver exceptional results for their clients.


  • Develop and execute comprehensive risk management strategies, policies, and procedures to effectively identify, assess, and mitigate risks associated with physical and proprietary trading activities, with a focus on metals.
  • Establish and maintain risk limits and control frameworks, ensuring alignment with the firm's risk appetite and regulatory guidelines.
  • Monitor market conditions, analyze market trends, and identify potential risks and opportunities for the trading portfolio.
  • Collaborate closely with trading, operations, and finance teams to assess risk exposures, analyze P&L performance, and provide risk assessments and recommendations to senior management.
  • Conduct stress testing, scenario analysis, and other quantitative risk assessments to evaluate the impact of potential market events and portfolio adjustments.
  • Stay updated on regulatory changes and industry best practices related to risk management, ensuring compliance and proactively implementing necessary adjustments.
  • Lead and mentor a team of risk professionals, providing guidance, training, and support in their professional development.
  • Foster strong relationships with internal and external stakeholders, including regulators, auditors, and counterparties.


  • Bachelor's or Master's degree in finance, economics, or a related field. Additional certifications (e.g., FRM, CFA) are highly desirable.
  • Extensive experience in risk management within the physical and proprietary trading industry, with a strong focus on metals trading.
  • Deep understanding of risk management principles, methodologies, and tools, with a proven track record of implementing effective risk frameworks.
  • Strong knowledge of metals markets, including supply and demand dynamics, price drivers, and hedging strategies.
  • Solid understanding of financial derivatives, market risk, credit risk, and operational risk in the trading environment.
  • Experience with regulatory compliance and reporting requirements, such as Dodd-Frank, EMIR, or MiFID II.
  • Excellent quantitative and analytical skills, with the ability to assess complex risk scenarios and make data-driven decisions.
  • Exceptional leadership skills, with a proven ability to inspire and manage a team effectively.
  • Strong communication and interpersonal skills, with the ability to collaborate with cross-functional teams and influence stakeholders at all levels.