Risk Manager - CHS Hedging

CHS Inc. is a leading global agribusiness owned by farmers, ranchers and cooperatives across the United States that provides grain, food and energy resources to businesses and consumers around the world. We serve agriculture customers and consumers across the United States and around the world. Most of our employees are in the United States, but today we have employees in 19 countries. At CHS, we are creating connections to empower agriculture.

Summary

CHS, Inc. has an exciting opportunity in our CHS Hedging division located in Inver Grove Heights, MN. CHS Hedging is an agriculture focused Futures Commission Merchant (FCM) with clearing memberships at the Chicago Board of Trade (CBOT), Chicago Mercantile Exchange (CME) and Minneapolis Grain Exchange (MGEX).

We are looking for a Risk Manager to manage the day-to-day risk monitoring needs of the FCM. The ideal candidate will have a strong understanding of commodity derivative products, experience with monitoring market activity, and solid understanding of risk measurements (i.e. - margin, VaR, stress tests) as well how to set limits at the various required levels. Additionally, candidates must demonstrate excellent written and verbal communication skills, be able to create a strong working relationship between risk and broker teams, and work with leadership to deliver on strategic vision for the company. The ability to tackle complex problems, think critically and utilize critical judgement skills in a fast-paced market-driven trading environment is essential.

Responsibilities

• Report to the Chief Risk Officer and work to advance the goals and objectives of the risk department.
• Participate in bi-weekly meetings for the Firm's Risk Management Unit (RMU) where various categories of risk are discussed, identified and reported
• Utilize trade and risk monitoring tools to assess and/or monitor the risks associated with the customer activities of the Futures Commission Merchant (FCM)
• Contribute to the preparation of reports to our regulatory agencies including the U.S. Commodity Futures Trading Commission (CFTC), Chicago Mercantile Exchange (CME), Minneapolis Grain Exchange (now MIAX) and the National Futures Exchange (NFA)
• Contribute to the development and compliance of Risk Management Program (RMP) in accordance with CFTC Regulation 1.11
• Review customer account opening documentation and assess the customer risk profile to determine trading limits for customers of the FCM Communicate directly with brokers and/or customers on positions and limits or other risk related topics as necessary
• Assess and determine customer position limits and respond to limit change requests in a timely manner
• Develop and enhance methodologies to determine risk and reporting
• Assist in the design, implementation and execution of risk mediation policies and procedures.
• Use good judgement escalating issues in accordance with CHS Hedging LLC policies as well as our FCM Manual Review and comment on customer money movements and oversee the margin call process daily.
• Gather data and analysis to support senior leadership of the FCM
• Collaborate and develop relationships with the broader CHS Inc enterprise and its affiliates related to futures, options, and swaps on an ad hoc basis
• Liaison with CHS Capital for credit reviews and margin financing updates.
• Responsible for the review and editing of standard policies and procedures related to trade and risk monitoring processes
• Act as a point of contact for all risk related audit inquiries and assessments.

Minimum Qualifications (required)

• High School Diploma or GED
• 7+ years of experience in commodity or finanical markets risk management
• Series 3 license, or the ability to obtain within 90 days of hire

Additional Qualifications

• Bachelor's degree preferred in accounting, finance or related degree
• Understanding of futures and options and the factors that determine pricing of options
• Ability to handle large data sets.
• Analytical thinking to draw effective conclusions from data
• Experience working in regulated environments such as SEC and CFTC Experience in the financial services industry, particularly an FCM (Futures Commission Merchant)
• Experience as a commodities futures and options trader (preferred)
• Experience in answering regulatory audit inquiries written reports to regulatory entities
• Experience with Risk monitoring software (i.e. - Global Risk, XRisk, etc)
• Experience with trading platforms (i.e - WebOE, CQG, QST, TT, Fidessa, etc)
• Preferred proficiency with coding software (i.e. - Python, C++, or SQL)
• Experience with Power BI and similar tools

CHS offers a competitive total rewards package. Compensation includes base wage and, depending upon position, may include other earnings such as bonus, incentives and commissions. Actual pay offered will vary based on multiple factors which may include, without limitation, experience, education, training, specialized skills and certifications, minimum wage/salary requirements under local law.

Benefits include medical, dental, vision, wellness programs, life insurance, health and dependent care spending accounts, paid time off, 401(k), pension, profit sharing, short- and long-term disability, tuition reimbursement and adoption assistance, subject to the eligibility requirements for each benefit plan.

CHS is an Equal Opportunity Employer/Veterans/Disability.

Please note that any communication from a CHS recruiter would be sent using a chsinc.com email address. In addition, a CHS recruiter will not ask for confidential information over the phone or in an email, or request money from a candidate involved in an offer process. If you have questions regarding an employment opportunity, please reach out to chscareers@chsinc.com; to verify that the communication is from CHS.