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.
Job Title
Risk Officer - Base Metals
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.
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.
Our people make all the difference in our success.
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