Commodities Risk Lead (Low Carbon Products)

Chicago, IL 60606

Posted: 01/24/2023 Industry: Energy-Middle Office Job Number: 1688

Job Description

A global energy trading and marketing firm is searching for a Commodities Risk Lead to mentor the middle-office risk and control team that supports a Low Carbon renewable fuels trading desk, as well as lead initiatives within the team. It partners with the commercial teams while providing a vigorous control environment. This team is responsible for:

  • Calculating and reporting trading exposure via risk reports (VaR, PnL Position analysis, scenario analysis and stress testing), 
  • Partnering with the commercial team to form an understanding of trade book strategies and exposures within the context of the underlying fundamentals of the Low Carbon markets,
  • Delivering market risk insight and analysis,
  • Creating P&L reporting, 
  • Review working capital and cash requirements,
  • Participating in the month-end close process and providing business analytics, and
  • Driving operational efficiencies through automation projects and process standardization initiatives through working with IT and other internal teams.

Educational and professional requirements include a bachelor’s degree in Finance or related field (advanced degree preferred); 5+ years’ experience in commodity risk (financial control and/or market risk management), preferably supporting physical and financial trading of low carbon products, power, natural gas, crude oil, refined products, or agricultural products (but both energy and capital markets risk experience will be considered); strong leadership skills; and strong technology skills in VBA, SQL, etc. is prefered.

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