We are seeking a highly skilled and experienced Financial Risk Manager to join our team at Abaxx Exchange and Clearinghouse. The ideal candidate will be responsible for identifying, analyzing, and mitigating financial risks associated with commodity trading activities. This role requires a deep understanding of financial markets, risk management practices, and commodity trading operations. He/she will also be guiding and mentoring a small team of analysts, ensuring high-quality risk analysis and reporting. The role will play a critical role in ensuring the stability and profitability of our trading activities by implementing effective risk management strategies.
Key Responsibilities
Risk Identification, Assessment and Monitoring
- Identify and assess financial risks (market, credit, liquidity, operational).
- Conduct risk assessments for new and existing products.
- Develop and maintain risk assessment models.
- Monitor daily trading activities for compliance with risk limits.
- Prepare risk reports for senior management.
- Assess counterparty credit risk and maintain internal rating models.
Product Analytics and Market Analysis
- Analyze trading products performance and risk characteristics.
- Conduct market analysis to track trends and price movements.
- Develop analytical reports and dashboards for KPIs and risk metrics.
- Provide insights for strategic decision-making.
Risk Mitigation and Management
- Develop risk mitigation strategies and action plans.
- Collaborate with trading, operations, and compliance teams.
- Manage counterparty exposure, set credit limits, and require collateral.
Stress Testing, Scenario Analysis, Backtesting and Margin Breach Investigation
- Conduct stress tests and scenario analyses to evaluate market impact.
- Adjust risk limits and strategies based on analysis results.
- Perform backtesting of risk models and validate methodologies.
- Investigate margin breaches, determine root causes, and implement corrective actions.
Margin and Guaranty Fund Management
- Determine and adjust margin rates for commodities.
- Ensure margin adequacy during physical delivery.
- Calculate and manage the guaranty fund size and contributions from clearing members.
Regulatory Compliance
- Ensure compliance with relevant regulatory requirements.
- Stay updated on regulatory changes and impacts.
Participation in New Product Development
- Collaborate on new product development, providing risk management input.
- Ensure compliance with risk policies and regulations.
People Management and Team Development
- Provide guidance and mentorship to a small team of analysts.
- Review and ensure the quality of their risk analysis, reports, and models.
- Support professional development through coaching and feedback
Continuous Improvement
- Review and enhance risk management policies and systems.
- Identify ways to improve risk processes and tools.
Qualifications
- Bachelor's degree in Finance, Economics, Business, or related field Master's or professional certification (CFA, FRM) preferred.
- Minimum 7 years of financial risk management experience in a commodity trading environment.
- Strong understanding of commodity markets and trading operations.
- Proficiency in risk assessment tools, financial modeling, and quantitative analysis.
- Excellent analytical, problem-solving, and decision-making skills.
- Strong communication and presentation abilities.
- Knowledge of regulatory requirements and compliance in the commodity trading industry preferred
- Ability to work in a fast-paced, dynamic environment and manage multiple tasks simultaneously.
