Head of Market Risk

Risk Department London, UK The Glencore Risk Department is an independent function aiming to control front-line trading. The Risk Department ensures that the risk-reward of the trading books is properly understood by Glencore senior management and that the physical exposure of the business e.g. oil cargoes, electricity generation, gas deliveries is correctly valued. This position requires the individual to lead the market risk team for Glencore Oil & Gas, which involves the ownership of the limits and risk appetite framework, ensuring the daily production of Var and other related metrics and working closely with the senior leadership of the group to identify areas of concern. The role is reporting to the DCRO. Key Responsibilities Own the global allocation of Risk Appetite in conjunction with heads of trading through the use of limits Work closely with the head of trading and senior risk leadership to identify and raise risk concentration, illiquid risks and other areas of concerns by leveraging existing or new tools/metrics and the broader risk team Daily production of VaR and related metrics Lead a Var team of 5-6 individuals based in Chennai, India Lead a London-based team of 3-4 risk quants. Set and prioritize the agenda of risk quant projects Expand control frameworks where required for particularly high-risk or idiosyncratic businesses, such as LNG, Power, Gas, etc Education and Experience Requirements 8-15 years of experience in Market Risk or similar roles Commodity experience, specifically oil and/or gas is preferable but not required Team management experience necessary with the ability to develop and mentor junior members of the team, include employees in other offices Strong commercial acumen as the individual will have to interact closely with the group senior leadership Coding skills in VBA/Python advantageous Highly numerate, with good problem-solving and analytical skills. While the individual will lead a team of quants, advanced modelling knowledge is not required Excellent communication skills must be able to understand others perspectives and relate complex ideas to different groups, including senior management The ability to challenge proposals constructively to help ensure they are robust, whilst maintaining excellent working relationships Must be able to work effectively in a team, flexibly handling a wide range of potential issues Must be capable of working with significant autonomy and ensuring analysis is focused on delivering practical business benefits, often in tight deadlines #J-18808-Ljbffr