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My client, a large global Investment Bank, is looking for a Vice President Market Risk Manager to join their business. This function will sit in Credit and assume dual responsibility for Market and Credit Risk (main focus is market risk), with a particular focus on Commodity Trading. This function reports into the Head of EMEA Credit Division.
The role responsibilities include: - Managing, controlling, monitoring and reporting of market risks and limits for the Commodity Trading Business (all commodities). - Provide extended assistance in the oversight of the Credit business based in London. - Monitoring and reporting adherence to market risk limits, standing orders, escalating limit excesses appropriately to management. - Pro-active risk management of portfolio. Relating PnL from the respective business with the risk in the books and market moves and take actions to mitigate the risk. - Develop credit portfolio in line with regulatory requirments. - To analyse credit transactions in Commodity Trading business and make recommendations based of this analysis. - Challenge credit recommendations. - Assess the risks within Commodity Trader clients and to understand, assess and report on their risk management policies and procedures, including a technical understanding of the models applied to monitor such risks (including VaR). - Working with business heads to set Credit Policy appropriate with Commodity Trading Business.
The ideal candidate will have: - Strong knowledge of market risk from a Commodity Trading point of view is essential, including an understanding of risk representations (including greeks) and a solid understanding of risk management concepts such as VaR, stress testing, scenario analysis, and capital is required. - Credit experience around policies, analysis, procedures and frameworks desirable, but not essential. The ideal candidate will have a strong market risk profile with a background in credit. - An excellent academic background or strong analytical background - The risk analysis produced by the department is used to brief senior management and needs to be both timely and accurate. It is therefore essential that candidates are able to demonstrate diligence as well as strong quantitative and investigative skills. - Experience of working in risk area for a Commodity Trader or within a bank's Commodity Trader operation preferred.