Job Description

Our client, a well- established global commodities trading firm with a global presence is looking to expand their business within the Asia Pacific region. The firm is looking for a Head of Market Risk to join them.

Role Purpose

The Head of Market Risk is responsible for providing independent oversight, challenge and strategic risk management of the company's, origination, processing and supply-chain activities.
The role will lead the identification, measurement, monitoring and management of market risks arising from commodity prices, foreign exchange, interest rates, freight and other relevant market variables across the firm's portfolio.

Working closely with Trading, Origination, Treasury, Finance, Operations and senior management, the Head of Market Risk will ensure that the business operates within a robust risk appetite while enabling disciplined growth, effective capital deployment and informed commercial decision-making.

The role combines strategic risk leadership, quantitative market-risk expertise and strong commercial understanding of physical commodity businesses.

Please email your cv directlyin word format with job reference no. 000016856 to Sophia Lin via email to

Please note that due to the high number of applications only shortlisted candidates will be contacted. If you do not hear from us in the next 5 business days we regret to inform you that your application for this position was unsuccessful.

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EA Licence: 16S8131

Recruiter Licence: R22104669

[Confidential Information]

Key responsibilities

Market Risk Framework & Strategy

Own and continuously enhance the company's global market-risk management framework across commodities, FX, interest rates, freight and related exposures.
Establish appropriate risk appetite, limits, mandates and escalation thresholds in partnership with senior management and the Risk function.
Ensure market-risk policies and methodologies are aligned with the scale, complexity and geographic footprint of the business.
Provide independent challenge to trading and commercial strategies, including new products, markets, structures and business initiatives.
Drive continuous improvement in risk governance, controls, data quality and risk transparency.

Commodity Market Risk

Oversee market-risk exposures across the company's physical and derivative commodity portfolios.
Ensure appropriate measurement and management of outright price risk, basis risk, spread risk, correlation risk, location risk and timing risk.
Develop and oversee methodologies for VaR, stress testing, sensitivity analysis, scenario analysis and other relevant risk measures.
Assess risks associated with inventory, forward purchases and sales, contracted positions, derivatives, processing margins and supply-chain commitments.
Provide independent challenge around hedging strategies and the effectiveness of hedge positions.
Monitor concentration risks across commodities, geographies, counterparties and market factors.
Margin Policy and Procedures: Develop, maintain, and enforce margin policies and procedures to ensure compliance with internal risk management guidelines and regulatory requirements.
Margin Monitoring: Monitor margin accounts on an ongoing basis to identify potential credit risks and margin violations. Implement processes to detect margin calls and take appropriate actions to address them.
Margin Call Management: Coordinate and manage the margin call process, ensuring timely communication with clients or traders who are subject to margin calls. Assess the appropriate course of action in case of margin call non-compliance.
Risk Modeling: Utilize risk models and tools to quantify and analyze market & credit risk exposure for the commodity trading portfolio.
Risk Reporting: Prepare regular risk reports and updates for senior management and risk committees, highlighting key risk metrics, exposures, and trends related to margin credit risk.
Model Development: Participate in the development and validation of margin risk models used for assessing credit risk exposure and setting margin requirements.
Portfolio Risk Analysis: Perform portfolio-level risk analysis to assess concentration risks and exposure to specific commodities, markets, or regions. Conduct portfolio stress testing and scenario analysis to evaluate the potential impact of adverse market conditions on margin positions and overall credit risk.
Collaborate closely with Trading and Operations, Market Risk, Clients and Front Office Business Units
Compliance and Regulation: Stay abreast of relevant commodity trading regulations and credit risk management standards to ensure compliance with all regulatory requirements.

Role requirements

Possess a Bachelor's Degree or higher, have a Chartered accountant or Master's degree in finance, economics, risk management, or a related field
Have a strong understanding and hands on experience working within the financial markets, good knowledge on derivatives products, and margin trading concepts.
Experience in market risk & credit risk assessment, preferably in a trading environment.
Familiarity with risk modeling, financial analysis, and statistical techniques.
Knowledge of relevant financial regulations and compliance requirements.
Strong analytical skills and attention to detail.
Excellent communication and interpersonal skills to collaborate with internal teams and external clients.