Risk Officer - Base Metals

Location: Geneva

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
• 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.
• 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.