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.
Responsibilities:
- 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.
Requirements:
- 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.