Market Risk Manager
February 11, 2021
MARKET RISK MANAGER required by our Client based in the oil and gas industry, to be hired on a full-time basis, located in Houston, TX
Duration: Permanent
POSITION SCOPE
Responsible for the risk of changing conditions in the natural gas market including competitors’ behavior.
PRINCIPAL REQUIREMENTS
- Identifying market risk in a variety of settings.
- Measuring and analyzing market risk in a variety of settings.
- Adapting to current developments and future directions in market risk management.
- Advising on the risk characteristics on complex deals/trades and reporting market information to internal and external stakeholders.
- Supervise and manage the market risk team to perform daily tasks and management reporting.
- Verify the pricing and risk models of new products and conduct back testing on the models.
- Responsible for risk database development and maintenance.
- Support the calibration and validation of market and credit risk parameters for use in capital modelling.
- Develop and maintain a stress and scenario testing framework.
- Develop and implement new risk processes and systems.
- Review the liability-based benchmarks.
- Monitoring liquidity risk and the groups liquidity risk framework.
- Support risk review and advice on sign offs on any expansions or significant variations to existing portfolios, including new products and market expansions.
- Manage the Market risk group.
EXPERIENCE / QUALIFICATIONS
- Commodities risk experience (4+ years) ideally from a trading company. Actuarial consultancy or ratings agency also acceptable.
- Understand standard industry contracts:
- NAESB
- EEI
- ISDA
- Regulated contract from ISO’s
- Sound understanding of investment fundamentals, asset classes, sectors and principles.
- Familiarity with non-trading agreements:
- Storage agreements
- Pipeline agreements
- Transport agreements
- Netting agreements
- Structured deal contracts
- Good understanding of risk management methodologies including VaR.
- Good understanding of risk-based economic models including Solvency II. Significant experience with quantitative risk modelling, ideally with practical experience with stochastic risk models.
- Graduate degree or professional qualifications in financial modelling, economics, quantitative risk or equivalent.
- Strong analytical/quantitative and programming skills.
- Good understanding of market risk management concepts, practice and models.
- Excellent communication skill, good analytical mind, ability to operate in fast-paced and collaborative environment.
- Excellent knowledge of financial derivatives, forward contracts, hedging, finance, and energy sector economics; in-depth understanding of commodity and foreign exchange transactions including physical buy/sells, financial swaps, spreads, futures, and options with an ability to examine hedge efficiencies and exposures.