About the Role: The role of the department is as a second line of defence being business partner to the Front Office (FO), providing challenge and support. This role is primarily responsible for acting as senior Commodities trading risk manager in London and is reporting to the Head of Commodities TRM in London.Responsibilities:Monitoring and analysing and reporting the organisation’s market risk exposure for the Commodities deskClosely follow market developments and analyse both the realised and potential impact on the trading portfolioUnderstanding and explaining the content of the reporting to FO and senior managementMonitoring trading limits and reviewing transactions over the established limitsChallenging FO on limit breaches, pricing, and strategyMaintenance and implementation of policies and proceduresEnsuring compliance with all relevant policiesContinuously engaging with FO to keep up to date with their trading strategy, pricing and strategySupporting the business by providing pro-active risk and P&L advice to aid business managementProduct development in conjunction with FODevelopment of a new stress testing framework (historical, hypothetical, and reverse stress testing) for the Commodity asset classDevelopment and enhancement of existing risk frameworkImprovement of the desk processes, looking for opportunities to increase efficiency and enhance the control frameworkCollaborate with valuations team to improve the global valuation adjustment framework (independent price verification, fair value adjustment, and prudent valuation adjustment) for the Commodity asset classInvolvement in local and global projects to implement changes in systems and regulations like Fundamental Review of the Trading Book (FRTB)Functional testing of risk management system upgrades and model implementations in cooperation with FO, Quants, and ITSupporting Model Development Quants in the development of models and methodologies and Model Validation quants in the validation of models and methodologiesPrepare and conduct monthly desk reviewsMaintain input or data quality of risk management systemsCoordinate with the Global Market data team (GMDB), Trading Application Support, System Support and other teams to set up new market data sources and to help resolve market data-related issuesConduct annual review of trading mandate, limits and approved products Qualifications:Essential: University Degree (2:1 or above) in a quantitative field, preferably (financial) mathematics, engineering, physics or econometricsDesirable: Professional qualification (e.g. PRM, FRM) Required Skills:5+ years of experience in the financial industryExperience in market risk managementIn-depth product knowledge of commodities and associated pricing modelsGood knowledge of banking regulations FRTB, Basel IIIStrong leadership and organisational skillsStrong technical skills in Python, SQL and / or VBAExperience with SophisExperience with market data sourcing and derivation (volatility, repo spread)Experience in working on regulatory change and interaction with regulators (FRTB, TRIM, SIMM)