Senior Commodity Risk Manager
2 weeks ago
Senior Commodity Risk Manager - North American Gas and Power
We are looking for an outstanding Commodity Risk Manager based in New York, Houston, or Greenwich to join our Commodities Risk Management team reporting to the Head of Commodity Risk. The position offers the opportunity for an employee to build a world-class global commodity business by providing management with a reliable and inclusive view of overall commodity risk. As a partner to the commodity business, the candidate must engage, challenge, and support the commodity desks.
The commodity business unit is one of the newest and fastest growing profit centers at BAM, rapidly onboarding new markets and staff around the globe to grow financial and physical trading capabilities.
Responsibilities include:- Challenge desks' profit generation and risk allocation based on a sound understanding of commodities and macro drivers.
- Plan, scale, and execute risk capabilities to enable the growth of the commodity business, including the development and configuration of new risk systems and developing Python code and tools for the Risk library.
- Brief other risk managers outside commodities proactively on commodity specific risks and apply insights from other risk managers to commodity risk.
- Communicate risks to management in a concise, fair, and effective manner.
- Demonstrate a hands-on attitude to performing all commodity risk tasks.
- Onboard new commodities markets and products and create appropriate risk frameworks.
- Minimum 10 years of commodities risk management experience in physical North American gas and power markets.
- Have experience risk managing gas storage and transport as well as power structures, such as HRCOs, tolls, variable volume transactions (renewable offtake, load following), revenue puts, flexible energy storage (battery, pump hydro, etc.), nodal products & FTRs.
- Proficient in Python, SQL, and Excel. Must be familiar with numeric libraries such as pandas and numpy in addition to data visualization packages.
- Strong knowledge of risk and performance metrics including VaR and stress test methodologies.
- Quantitative educational background, such as physical sciences, math, engineering, statistics, economics, or finance.
- Experience with Openlink Endur.
- Have set up risk management systems and frameworks for a greenfield physical trading operation.
- Experience in additional commodities markets, such as: the oil and products complex, grains, softs, metals.
- Beacon risk system experience.
- Financial or risk certifications such as CFA, FRM, ERP, PRM, etc.
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