Our client is a global investment bank with an established commodities business. They are experience growth in this area and they are looking for a Manager of Quantitative Modeling focusing on the power an energy space. This position is located in TORONTO.
Overview:
The Risk Engineering group is responsible for the development, design and implementation of effective risk management analytics, including the systems used for VaR, Stress testing, and regulatory and economic capital.
The commodities trading group in Capital Markets is active in North American oil, gas, power and carbon markets as well as European oil and carbon markets. This business is a key growth area for the organization.
Responsibilities:
Lead the new initiatives and continuous development efforts of the commodities trading risk infrastructure and its innovations. This includes developing business specifications with the managers in market and trading credit risk, prioritization, testing, and documentation.
Oversee integration of commodity products into the enterprise wide counterparty credit system.
Act as the expert for translating business goals into detailed project plans, developing innovative financial engineering and system solutions, and managing their implementation.
Ensure the correctness of the analytic functionality and risk measurement in the commodities market risk and credit systems.
Propose methodology to capture right way and wrong way counterparty risk in both exposure measurement and counterparty valuation adjustment framework.
Ensure that employees understand vision, as well as support and reinforce targeted behaviors that contribute to goals.
Provide focus and clarity in establishing individual goals, driving performance management, supporting career development and rewarding strong performance.
Leverage the value in unit, department, and enterprise wide teams to develop better solutions and achieve a cross enterprise mindset.
Accept and successfully execute change while supporting employees through the process, and keeping them focused on business priorities.
Requirements:
At least 5 years experience in commodities risk management.
Expert knowledge of commodities market and credit risks.
Proven ability to design and implement risk management solutions
Expert understanding of commodities markets and trading businesses, both exchange traded and over the counter markets.
Thorough knowledge of financial engineering principals and techniques.
Excellent understanding of the bank and broker-dealer regulatory environment.
PhD or equivalent with emphasis in finance, economics or a quantitative discipline.
CFA, FRM or other related professional qualifications
