Senior Risk Manager – Commodity Trading

We are looking for a talent who is suitable for the position of Senior Risk Manager to join Stavian to #GOGLOBAL with the following criteria & work:

Job Summary

Reporting to the CEO, BOD or Group Chief Risk Officer, the Senior Risk Manager will be responsible for managing all market risk management and middle office functions supporting the Stavian Singapore Pte Ltd business and related entities regionally and globally.

The Senior Risk Manager will work to develop, implement market risk management policies and procedures to ensure compliance with Group requirements and best practices. Through the monitoring and analysis of the trading data, the Senior Risk Manager can effectively identify potential risks and opportunities in the commodities trading and shipping markets.

The key tasks are to capture daily trading P&L capture and to carry out stress testing, VaR, sensitivity analysis and other risk oversight tools to offer analysis of market conditions. Through active participation via discussions with front office, analytics and other risk functions such as credit, the senior risk manager will also review trading strategies and embedded optionalities of non-standard transactions.

• The Senior Risk Manager role exists to support the Commodities and Shipping market risk management .
• Take a forward-looking perspective, taking into consideration external events which may be material. Ensure appropriate management action is being taken to mitigate their impact.
• To ensure the regulations, Risk Management Framework and internal policies/standards are effectively communicated and implemented.
• Develop proactive engagement with the business, Risk Committees in pursuit of balanced risk / return via discussions on Financial Market risk exposures and limits
• To drive change in the Commodities and Shipping business in collaboration with other parts of the business, risk and group risk functions.
• Contribute to counterparty risk management and geographical risk and credit management

Business

To support the Commodities and Shipping business in the management of Traded Market Risk.

• Engage business on material position, review limits proposal and support new products roll out.
• Highlight key Traded Risk related concerns to various committees and risk forums.
• Contribute to the Group’s annual Internal Capital Adequacy Assessment Process (‘ICAAP’) for Commodities and Shipping related positions.

Processes

To enhance processes within the Traded Risk team to manage the risk of Commodities and Shipping exposures.

• Advise business in the calibration of limits for Traded Risk controls and review any changes.
• Participate in the submissions and meetings for various forums related to market risk and / or Commodities business.
• Response for the commodities stress shocks for Stress Loss scenarios for risk appetite monitoring and regulatory purpose.
• Monitor the risk taking of the Commodities business to ensure that any breach of risk appetite is followed up promptly.

Key Responsibilities

a. People & Talent

Strong analytic abilities and problem-solving skills, able to provide in depth analysis on timely basis in a rapidly changing environment.

• Solid understanding of risk management concepts, techniques, internal/external data modelling, and risk management system platforms.
• Ability to present complex risk issues to senior and non-technical stakeholders.
• Good interpersonal skills, multicultural awareness, and sensitivity
• Develop and leverage a strong network across the three lines of defence and across all businesses and markets
• Always have an eye for Process Improvements and Innovations with an objective to Simplify’, while still maintaining the value delivered
• Commodities and Shipping market knowledge will be preferred.

Identify and report material key risks in the Commodities and Shipping space to senior management and challenge the First Line to evidence that the material risks arising from their business activities have been identified, assessed, monitored, and reported.

• Determine suitable Traded Risk controls to ensure risk taking is within risk appetite.
• Monitor internal and external events material to the trading book and highlight hot spot risk to the management.
• Identify and elevate new and emerging risks that could be material to the Group
• Perform market risk related control, including investigation of all limit excesses and escalating limit breaches.
• Review of data quality of risk factors used for VaR computation
• Support the Group’s annual Internal Capital Adequacy Assessment Process (‘ICAAP’) Automated Trading workstream