Glencore is looking to hire a Market Risk Manager to monitor the risk embedded into the company portfolio and ensure it stays within the company’s risk appetite for its US oil, gas and power trading activities.
Requirements
- 6+ years of experience in market risk, specifically in US oil, US gas, or US power.
- Highly numerate, with good problem-solving and analytical skills
- Coding skills, notably in Python, are preferred.
- Ensure models are compliant with industry standards and regulatory requirements, and continuously improve model performance through back-testing and benchmarking.
- Handling databases and leveraging on data visualization software (Tableau/PowerBI) for effective presentation of metrics daily in dashboards.
- Ensure adherence to all regulatory requirements, including Dodd-Frank, EMIR, and FERC regulations, while implementing necessary compliance frameworks.
- Design and implement risk mitigation strategies, including hedging programs and limit structures, to optimize portfolio performance while minimizing risk exposure.
Responsibilities
- Conduct comprehensive market risk assessments for the US oil, gas and power trading activities, utilizing advanced quantitative models and simulations.
- Analyze price volatility, liquidity risks, and correlations across various energy markets to inform risk management strategies.
- Define and implement bespoke stress tests based on market conditions deterioration, specific risk quantification for communication and dissemination to the Senior Risk Management and Commercial teams
- Define and monitor predictive scenarios for portfolio risk to give a better understanding to management and desk on the positioning as market conditions evolve
- Develop and validate quantitative risk models for Value-at-Risk (VaR), stress testing, and scenario analysis.
- Ensure models are compliant with industry standards and regulatory requirements, and continuously improve model performance through back-testing and benchmarking.
- Handling databases and leveraging on data visualization software (Tableau/PowerBI) for effective presentation of metrics daily in dashboards.
Other
- Bachelor’s Degree or above
- Communication skills – must be able to understand others’ perspectives and relate complex ideas to different groups, including senior management
- The ability to challenge proposals constructively to help ensure they are robust, whilst maintaining excellent working relationships
- Must be able to work collegially in a team, flexibly handling a wide range of potential issues
- Must be capable of working with significant autonomy and ensuring analysis is focused on delivering practical business benefits, often in tight deadlines
