Commodity Risk Management Lead Company Overview: We are a dynamic commodity trading firm specializing in gasoline, crude oil, ultra-low sulfur diesel (ULSD), and natural gas liquids (NGLs). Our operations span across physical and financial trading, logistics, and risk management. We leverage sophisticated technologies and trading platforms to maximize market opportunities and manage commodity risks effectively. Position Overview: We seek a seasoned Risk Management Lead to support our Middle Office functions, driving excellence in risk oversight and management. This role requires deep experience in commodity trading risk management, particularly with gasoline, crude oil, ULSD, and NGLs. Critical to this role is the ability to code using Python as well as quantify, analyze, and report trading positions using Value at Risk (VaR) methodologies and proficiency with Right Angle Energy Trading and Risk Management (ETRM) systems. Key Responsibilities: - Help oversee middle office operations, ensuring accurate and timely risk monitoring, reporting, and controls.
- Analyze daily position exposure and monitor trading activities to ensure compliance with company risk policies and limits.
- Calculate and manage Value at Risk (VaR) and other relevant risk metrics using Python, providing comprehensive reporting to senior management.
- Develop and implement robust risk management frameworks and enhance existing policies, procedures, and controls.
- Collaborate closely with Front Office traders, Back Office, and senior management to ensure effective communication and risk awareness.
- Maintain and enhance Right Angle ETRM system processes, ensuring data integrity, accurate trade capture, risk analytics, and settlement integration.
- Prepare comprehensive and clear risk reporting packages for stakeholders, including scenario analyses and stress testing.
- Provide strategic insights and recommendations to mitigate identified risks and enhance trading risk-reward profiles.
- Coordinate audits and regulatory inquiries related to trading and risk management.
Qualifications: - Bachelor’s degree in Finance, Economics, Engineering, or a related quantitative discipline; advanced degree (MBA or relevant Master’s) is a plus.
- Minimum of 3+ years’ experience in commodity risk management or trading, specifically with exposure to gasoline, crude oil, ULSD, and NGL markets.
- Proven experience leading middle office teams within commodity trading environments.
- Deep expertise in calculating, interpreting, and reporting VaR and related risk metrics.
- Extensive hands-on experience with Right Angle ETRM system; proficiency in system configurations and analytics.
- Strong analytical, problem-solving, and decision-making skills.
- Exceptional communication and leadership capabilities, fostering collaboration across various functions.
Preferred Attributes: - Certification in risk management or financial analysis (e.g., FRM, CFA).
- Demonstrated experience managing complex trading portfolios in dynamic market conditions.
- Proven ability to innovate risk processes and improve system functionality.
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