About this role
Job Title: Risk Officer - Base Metals Contract Type:
Time Type:
Job Description: The Risk Officer, Base Metals is a member of the Risk team, reporting to the EMEA Risk Team Lead. He/She is responsible for leading research and analysis, delivering reports, and high-quality digital tools to improve decision making and risk management of base metals desk.
Main Responsibilities
• Daily reporting of P&L, exposures, VaR and explanation thereof. • Manage daily checks on, trade capture, trade integrity and completeness between desks and trading system. • Monitor forward curves and volatilities for accuracy and consistency. • Provide analytical support to the traders on base metals. • Check and assist in capturing and evaluating the risk of complex products. • Apply risk-reserving methodology to trading P&L. • Responsible for monthly translation into accounting of trading results. • Month end and year end reconciliations with finance and external auditors as required. • Improve existing and develop new daily procedures for management reporting, trade completeness, market data and other such processes as required. • Liaise closely with IT, Operations, Credit Risk, Finance, and Front Office. • Prepare various reports and analysis for publishing internally and to the Management Board as the case may be. Base metals MO should have below additional specific knowledge:
For physical:
• London Metals Exchange (LME) pricing mechanics: LME 3M, LME Cash, LME 3rd Wed (monthly settlement) and daily rings (for diff metals), and potentially corresponding knowledge of exchange CME and SHFE. • MtM valuations according to time spreads and arbitrages locked (i.e. LME vs SHFE) • MtM valuations of various grades of diff metals, quantify and sense check the discounts or premiums. • Cost accruals reconciliation according to the delivery locations, spreads locked and freight market. • Term contracts and allocation with spot deals • Exchange delivery and warrant trading. • Solid understanding of the “repos” physical deals (“repurchase deals”) i.e in substance a loan using base metals as collateral or genuine buy/sell trades.
For paper:
• Familiar with various granularity and expiry of the liquid paper contracts (LME 3M, Cash, daily and monthly; SHFE monthly; CME monthly)
• FX hedging if material quantity done on SHFE • Sense check liquidity risk of long dated contracts (i.e. 1 year forward contract)
Profile
• University degree, preferably in Computing, Mathematics, Engineering, Economics or Finance. • Mastery of analytics tools and technologies. • Minimum 3 years in a similar role in the commodity trading business, preferably within a major trading house, an oil major, an investment bank or a hedge fund. • Very good knowledge of Excel and VBA. • Good knowledge of Access and SQL Server • Fluent in English, both written and spoken, French is a plus. • Curious and Proactive • Eager to learn and ability to work with limited supervision.· Rigorous and meticulous • Strong communication skills • Highly numerate • Strong team spirit.
If you think the open position you see is right for you, we encourage you to apply!
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