Overview
2nd line operational risk role covering commodity trading solutions within this Global bank.
The key focus will be the bank’s physical metal trading activity. Working closely with group level counterparts, you will be expected to build relationships with front office risk and trading desks, specifically base and bulk metals as well as critical minerals.
This role will offer strong variety, working closely with Global teams in New York, Geneva, Dubai and Singapore.
Responsibilities
- Assessing new products and business initiatives in line with the group risk framework
- Supporting front office counterparts with physical risk controls. This could include warehousing risks, transportation risks, hedging provisions, inventory management, insurance (including incoterms) and working capital
- Keeping updated with geo-political events, wider supply risks (shipping lane closure), operational flows, freight prices
- Conducting Risk and Control Self Assessments with Group operational risk colleagues
- Providing KRIs, thematic reviews and assurance findings to management
- Challenging trading teams on control weaknesses – inventory reconciliation, warehouse concentration, warrant authenticity, assay levels, settlement schedules, collateral
Skills Required
- 6 – 10 years’ experience within an operational risk, operations or business management role within the base and bulk metal or critical minerals sector
- Experience within a commodity trading house, commodities focussed bank or mining group, handling LME or CME refined metal contracts – aluminium, copper (cathode), lead, zinc, critical minerals – lithium, cobalt or bulk metals – iron ore
- A demonstrable understanding of non-financial risks in a regulated business
If you are interested in this opportunity please apply or e-mail simon.bradbury@rolyrecruitment.com for further information
