Commodities Market Risk Analyst

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Start date:
Resource Solutions - GSC
Published at:
flag_no United Kingdom
Project ID:

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Division Summary

The Risk team at ICBC Standard Bank provides the essential foundations for our constantly evolving range of financial products and services. Risk is often the enabling business unit that acts as the vital link in the powerful relationships we enjoy with our clients worldwide, and this division is now seeking an exceptional Market Risk Candidate to help us build on our success.

Because you will work with colleagues across the business, you need to be an independent thinker, with strong analytical and communication skills, as you will organise and negotiate measurable solutions to fulfil challenging targets, and support our corporate business objectives.

Prime purpose of this role

This candidate will work within the Market Risk team, primarily focusing on the commodity areas:

  • Precious Metals
  • Base Metals
  • Energy

The candidate will report to the Head of Commodity Market Risk.

Main Responsibilities

  • Monitor the market risk appetite and exposures within Global Markets, with the main focus being on the Commodities area (Energy, Base & Precious).
  • Review the desk's VaR and SVaR utilisation on a daily basis, providing commentary and analysis on major risk drivers and positional movements.
  • Complete back-testing and stress testing providing a summary on business activity including major exposures and current market updates.
  • Establish a strong working relationship with the relevant Front Office teams to gain a thorough understanding of their positions and trading strategy.
  • Monitor Market Risk limits, escalating any breaches in accordance with Market Risk procedures.
  • Involvement in weekly meetings with Heads of Trading Desks.
  • Work closely with the Market Risk team across the various locations (primarily London, Singapore, NYC and Shanghai) in order to support the global business.

Key interfaces will be:

  • Global Markets Traders
  • Product controllers
  • Risk managers
  • Project teams

Experience/Qualifications Required

  • Good conceptual understanding of market risk measures (Value At Risk, Stress-Testing, Greeks & sensitives)
  • Good conceptual knowledge of basic commodities instruments (physical, options, forwards, repos)
  • Good conceptual knowledge of basic equity instruments (stocks, equity swaps and vanilla options)
  • Good quantitative and problem solving skills.
  • A clear and effective communicator, persuasive in inter-personal communication.
  • Ability to deliver practical solutions in a demanding high-pressure environment.
  • Excellent academic references up to and including degree level in a quantitative discipline, higher degrees desirable.
  • Confident pro-active self-starter, an intelligent lateral thinker and a problem solver who is good at dispute resolution
  • Competent user of Excel with basic VBA skills.
  • Knowledge of Brady, Murex and Asset Control would be beneficial but not essential.