CLIENT : Dry bulk commodity trading
SALARY : Commensurate with relevant experience
SUMMARY
You will be responsible for leading market risk management and middle-office activities supporting Singapore and its related businesses across regional and global markets.
You will develop, implement, and continuously enhance risk management frameworks, policies, controls, and reporting processes to ensure effective oversight of the Group’s commodities trading and shipping activities.
Working closely with Trading, Commercial, Finance, Credit Risk, Operations, and senior management, the Senior Risk Manager will monitor trading exposures, assess market developments, identify emerging risks, and provide independent risk analysis to support sound commercial decision-making.
The position will also be responsible for daily trading P&L monitoring, risk exposure analysis, stress testing, Value-at-Risk (VaR), sensitivity analysis, limit monitoring, and assessment of complex or non-standard transactions.
1. Market Risk Management
Manage and monitor market risks arising from the Group’s commodities trading and shipping activities.
Monitor trading positions, exposures, P&L movements, market sensitivities, and risk limits on a daily basis.
Perform and review Value-at-Risk (VaR), stress testing, scenario analysis, sensitivity analysis, and other relevant market risk measurements.
Analyze significant changes in VaR, P&L, exposures, and market conditions and provide timely explanations to senior management.
Identify concentration risks, emerging risks, and potential market disruptions that may materially impact trading portfolios.
Investigate risk limit excesses and ensure breaches are appropriately escalated and resolved.
Review the quality and appropriateness of market data and risk factors used in risk calculations.
Assess market risk associated with both physical commodities and financial instruments.
2. Trading & Middle Office Oversight
Review and validate daily trading P&L and trading exposures.
Independently challenge trading assumptions, valuations, risk positions, and unusual P&L movements where appropriate.
Review trading strategies, structured transactions, and embedded optionalities in non-standard commercial arrangements.
Support the implementation of appropriate controls around trading activities and new products.
Work closely with Front Office, Finance, Operations, and Technology teams to improve trading and risk-control processes.
Ensure accurate and timely risk reporting to management and relevant governance committees.
3. Risk Strategy & Framework
Develop and maintain the market risk management framework, methodologies, policies, procedures, and controls.
Ensure risk-management practices are aligned with Group requirements, applicable regulations, and industry best practices.
Maintain a forward-looking view of market developments and external events that may impact the commodities and shipping businesses.
Recommend appropriate risk mitigation measures and management actions.
Support the calibration and periodic review of risk appetite, trading limits, and risk-control thresholds.
Drive continuous improvement and simplification of risk processes while maintaining effective control standards.
4. Credit & Counterparty Risk
Support the assessment and monitoring of counterparty and credit risks associated with trading activities.
Work with relevant stakeholders to assess customer, supplier, financial institution, and trading-counterparty exposures.
Contribute to geographical, country, and concentration risk assessments where applicable.
Identify material changes in counterparty risk profiles and escalate concerns to management.
Support the development of appropriate credit limits and risk mitigation measures.
5. Governance & Reporting
Prepare clear and insightful risk reports for the CEO, Board of Directors, Group Risk Management, and relevant Risk Committees.
Highlight significant market exposures, limit utilization, risk concentrations, emerging risks, and recommended actions.
Participate in risk committees and management discussions relating to commodities and shipping risks.
Support regulatory, internal audit, external audit, and risk governance requirements as necessary.
Ensure material risk exposures and control issues are appropriately documented, reported, and escalated.
Maintain effective governance over risk models, methodologies, assumptions, and risk-management processes.
6. Business Partnership
Partner closely with Trading, Commercial, Shipping, Finance, Operations, Legal, Compliance, and Technology teams.
Provide independent risk advice while supporting sustainable business growth.
Review risk implications of new markets, products, counterparties, trading strategies, and business initiatives.
Provide constructive challenge to Front Office activities while maintaining a commercially balanced risk/return perspective.
Bachelor’s degree or higher in Finance, Economics, Mathematics, Statistics, Engineering, Science, or another quantitative discipline.
8–12+ years of relevant experience in Risk Management, preferably within an international commodities trading company, financial institution, commodity producer, energy company, shipping company.
Strong understanding of commodities trading and shipping markets.
Solid knowledge of market-risk methodologies, including:
Value-at-Risk (VaR), Stress testing, Scenario analysis, Sensitivity analysis, Position and limit monitoring
Strong understanding of market-risk sensitivities for both financial and physical commodity products.
Experience analyzing trading P&L, market exposures, and significant risk movements.
Good understanding of credit and counterparty risk management.
Experience working with trading, Front Office, ETRM/CTRM, risk-management, or similar systems is preferred.
Strong Microsoft Office skills; experience with Excel/VBA is an advantage.
Knowledge of Python, SQL, Tableau, Matlab, or other analytics/programming tools is highly desirable.
Experience working in an international and multicultural business environment.
Key Competencies
Strong analytical, quantitative, and problem-solving capabilities.
Ability to interpret complex trading and risk information and translate it into clear business insights.
Strong commercial awareness and understanding of risk/return dynamics.
Ability to independently challenge Front Office and senior stakeholders in a constructive manner.
Strong attention to detail and ability to work effectively in a fast-moving trading environment.
Excellent written and verbal communication skills.
Ability to communicate complex risk topics to both technical and non-technical stakeholders.
Strong stakeholder-management and influencing skills.
High level of integrity, independence, and professional judgment.
Strong ownership mindset with the ability to manage projects from initiation through final delivery.
Proactive approach to process improvement, automation, and risk-control enhancement.
Your profile will not be shared with any client without your consent. Please note that only shortlisted candidates will be contacted.