Risk Officer - Base Metals

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
• •E xchange delivery and warrant trading.
• •S olid 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!

Our people make all the difference in our success.