FX + Commodities Market Risk Manager

A Tier 1 investment bank is looking to bring on a VP level candidate to their market risk team to cover their commodities and FX desks in Toronto.

This person will be responsible for working directly with traders to assess risk usage and limit usage for the firms commodities and FX trading business. They will partner with traders to align risk appetite strategy, hedge strategy, and size risk limits. This hire will join a relatively lean team and have exposure to senior management and business decision makers, offering significant influence on the front office and within market risk.

The ideal hire will have at least 3 years of experience in market risk, ideally covering a commodities or FX trading business but the team is keeping their options open.

Responsibilities:

• To provide market risk oversight for the firm's trading business in Toronto. Covering commodities natural gas, power, oil, and FX swaps, options, non-linear desks
• Work with traders to explain risk metrics like VaR and P&L, explaining the drivers and changes
• Partner with traders and desk heads to setup risk limits, approve large trades, and optimize risk usage and risk appetite

Qualifications:

• 3+ years of experience in market risk management ideally covering equities
• Strong knowledge of derivative products or commodities products like natural gas, power and electric, etc
• Working ability in python and SQL
• Strong communication skills and ability to work in a front office environment