Head - Risk Management - Agri Firm

Candidate's Profile:

- Must be having 3-5 years prior experience in a risk function in a commodity trade house.

- Key understanding of physical and futures commodity markets as well as forex markets and hedging instruments.

- Strong knowledge of excel and ERP software with a track record of putting together daily and weekly m2m reports.

- Ready to relocate to Singapore.

Job Profile:

- The candidate is responsible to lead and manage risk management process in the organization by: Monitor, quantify and provide timely and accurate risk report on the market risk arising out of physical trade activity across grains, softs and feeds desks at head office and overseas offices.

- Actively liaising with traders to assess the physical book hedge requirements and quantify directional, spread and volatility exposure.

- Monitor counterparty wise exposure emanating out of physical trading activities across desks and put in appropriate policies / procedures to manage credit risk.

- Assess and monitor the exchange traded and OTC derivatives daily and attribute to respective physical desks and transactions.

- Actively monitor the commodity price trends, keep abreast on price / economic / fundamental SD developments of traded commodities and actively participate in market discussions facilitating - to price or to hold- decision making process.

- Produce the mark to market valuation on all exchange traded and OTC derivative transactions on regular basis, explain the P/L variation and in relation with physical book.

- Run the m2m reports from system and reconcile to arrive at net open positions by identifying open / closed positions.

- Lead the discussions in regular / periodical trader meetings on open exposure and market risk on open exposure, open exposure vs limits.

- Conducting regular reviews of existing risk management policies, procedures, limits and ensure the compliance with agreed limits

- Assessing proposed changes and making recommendations to the management as well as proposing additions or changes where existing risk management standards are inadequate.

- Actively interact with different futures brokers, OTC service providers etc. respond to queries on trade and regulatory compliance.

- Be able verify the trade level P/L vs pre-trade costings.

- Actively liaise with finance in performing the trade P/L and account P/L reconciliations.

- Ensure data errors on existing system are detected in a timely manner through daily review of risk reports and implement corrective actions for system and database flaws.

- Take part in discussions pertaining to IT systems improvements, migration and implementation.