A global commodity trading firm seeking an experienced Head of Risk to design, implement, and lead a world-class derivative market risk function. This is a strategic, high-impact role for a risk professional with deep expertise in commodities and derivatives who can build the framework from the ground up, drive best practices, and partner with trading leadership to enable profitable and controlled growth.
Key Responsibilities
Function Build & Strategy
-
Design and establish the derivative market risk framework, policies, and governance from scratch, ensuring alignment with global risk standards and regulatory requirements.
-
Define the firm’s risk appetite, limits, and control environment for futures, options, and OTC products across energy, metals, agriculture, freight, and carbon markets.
-
Develop and implement risk measurement methodologies, including VaR, stress testing, scenario analysis, and P&L attribution.
Risk Management & Oversight
-
Oversee daily monitoring of market exposures, hedging strategies, and derivatives positions, identifying risks and proposing mitigations.
-
Work closely with trading teams to structure, evaluate, and approve derivative trades and complex hedging strategies.
-
Ensure independent verification of market data, forward curves, and mark-to-market valuations.
-
Partner with Finance, Middle Office, and Compliance to maintain robust reporting and risk analytics.
Systems & Process Development
-
Lead the selection, implementation, and optimization of an ETRM/risk system to support derivatives risk management, margining, and reporting.
-
Automate reporting processes and develop real-time dashboards for senior management and trading desks.
-
Establish clear protocols for margin management, collateral optimization, and liquidity risk related to derivatives.
Leadership & Stakeholder Engagement
-
Build and mentor a high-performing market risk team, fostering a culture of transparency, accountability, and proactive risk management.
-
Act as a key advisor to the Board, CRO, and trading heads, providing insight into market dynamics, risk concentrations, and capital allocation.
-
Represent the risk function in credit committee, trading strategy, and regulatory discussions.