Commodity Risk Management Lead

About the role

We are a dynamic commodity trading firm specializing in gasoline, crude oil, ultra-low sulfur diesel (ULSD), and natural gas liquids (NGLs). We seek a seasoned Risk Management Lead to support our Middle Office functions, driving excellence in risk oversight and management.

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.

Skills

• 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.
• Proficiency in Python.