Commodity Risk Management Specialist

4 weeks ago


Toronto ON, Canada Procom Full time
Commodity Risk Management Specialist On behalf of our client in the Consulting Sector, PROCOM is looking for a Commodity Risk Management Specialist. Commodity Risk Management Specialist - Job Description
The successful candidate will lead initiatives, coach junior team members, and manage projects or processes that support the daily management of commodity risk management activities
This position involves a combination of analytical, operational and strategic responsibilities, contributing to the overall effectiveness of a dedicated Middle Office function and marketing and hedging activities
Maintain and enforce Trading and Risk Management Policy, ensuring adherence across the business with commodities trading and marketing activities
Monitor model performance tests and assess the appropriateness of models to demonstrate policy adherence
Review exposure calculations and analysis and be able to communicate the results clearly, including to senior management, in a way which adds significant value to business decisions
Advise upon, and contribute to, ongoing model development and improvement for valuation and risk measurement, carrying out reviews and validation of exposure models for a constantly evolving and increasingly sophisticated set of products and markets
Directly contribute to the design, construction, and implementation of Risk models such as Earnings at Risk, CVA/DVA, Sensitive Analysis and Stress Testing to help us on our journey of continually improving our risk modelling capabilities and provide valuable analysis and insights to the business
Provide guidance, coaching, and mentorship to junior team members, fostering their professional development and enhancing their analytical and technical skills
Contribute to hedging strategies by conducting in-depth analysis of market trends, pricing dynamics and risk exposures. Propose adjustments and optimizations based on findings
Work with IT and other stakeholders to optimize ETRM system, ensuring it meets the evolving needs of the risk management function
Lead system enhancements and upgrades as necessary
Commodity Risk Management Specialist - Mandatory Skills
A financial professional with a degree in Finance, Economics, or Mathematics
Designation required: CPA/CFA/FRM/ERP
10+ years related experience in commodity trading, risk management, or related fields, with a demonstrated track record of leadership and innovation
Proficiency in ETRM systems and software tools, preference for Openlink Endur
Advanced user of Excel; beneficial to be proficient with PowerBI, SQL, python and/or VBA
Proficiency in risk management principles and techniques, with experience in commodities markets
Ability to communicate complex issues in a clear, understandable manner with the marketing team, originators, asset developers, finance, Risk and other teams
The ability to objectively and constructively challenge proposals for new modelling and transactions, whilst maintaining good working relationships
Experience coaching, mentoring, and developing junior team members, with a focus on fostering a culture of continuous learning and improvement
Proven ability to manage projects or processes with limited oversight, delivering successful outcomes on time and within budget
High attention to detail in both numerical analysis & written work and ability to work under pressure and to tight deadlines in a trading-related Risk environment
In-depth knowledge of commodities markets, financial instruments, derivatives, and hedging strategies
Strong teamwork and collaboration skills with the ability to interact across different levels of the organization
Commodity Risk Management Specialist - Assignment Start Date ASAP – 3 months to start Commodity Risk Management Specialist - Assignment Location Toronto, ON – Work Hybrid
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