Head of Risk Management

  • Outstanding base and bonus
  • Paris, Ile-de-France, France
  • Permanent, Full time
  • Non-disclosed
  • 23 Sep 16

SAIPOL - Avril Oilseeds Processing – is in the process of expanding its oilseeds trading activities and has performed an end-to-end enhancement of its middle office / risk management activities. SAIPOL trading activities include c. 4 million tons of seeds originated and associated oils & meals marketed after crushing, 1.5 million tons of biodiesel marketed after esterification and additional pure trading of oils, meals and biodiesels to exploit market arbitrage. As part of the new risk management activities implemented, SAIPOL is seeking a new Head of Middle Office to oversee all market risk management and performance management activities which include:

  • Market risk policy development in coordination with Avril risk committee which governs trading activities (positions, limits, instruments, reporting, compliance process, other provisions)
  • Trading positions and risk analytics (VaR, stress tests) validation and reporting with supporting analysis
  • Stop-loss monitoring and positions cuts enforcement and mitigation strategies
  • Overall assessment of market risks situation and evolution based on market context, trading activities
  • Analysis of Trading Desks performance based on market benchmarks, performance normalization analysis and comparative assessment 

The Head of Middle Office main responsibilities will be to:

  1. Oversee all risk management activities and manage a team of c. 2-3 risk professionals which shall include a market risk Quant Analyst and general risk analysts 
  2. Manage the application and compliance to the risk policy and manage changes and evolution of the risk policy (new trading activities, instruments, limits, compliance process)
  3. Oversee the end-to-end risk analytics reporting process from transactions extractions to reporting and probe integrity of results for validation
  4. Support the on-going improvement of all risk management reporting processes to improve execution speed, reporting efficiency and reduce risk of errors
  5. Oversee development and maintenance of the Risk analytics model (e.g. adding new reporting templates, adding new products, updating some configuration parameters, automating some risk scenarios, altering VaR & Stress parametrization logic)
  6. Request Custom Stress-tests / Risk Scenarios to develop specific analysis needed for risk committees or market review meetings
  7. Support day-to-day P&L reporting and P&L analysis of SAIPOL trading books

 

The Candidate’s main experience and profile requirements include:

  • A minimum of 5-8y experience in Consulting, Audit, Finance or Trading industries with significant exposure to risk management activities, risk analytics and risk policy applied to commodities market risks  
  • A self-driven, ambitious and entrepreneurial personality with eagerness to build a leading risk management practice which could extend to the wider Avril organization, outside the Oil processing group
  • A track-record of managing junior resources within a team oriented environment, providing mentorship and guidance for all stages of career development 
  • In-depth Knowledge of Market Finance for commodities (instruments – e.g. swaps, options, futures, mark-to-market methodology, positions report development & customization)
  • In-depth Knowledge of Commodity Market Risk Management (General Market Structure, VaR/Stress methodology, calculation logic, reporting)
  • Strong Communications Skills (written presentation & orals) and confidence in presenting to senior executives for risk committees, market review committees
  • An undergraduate/graduate degree in a relevant subject from a leading academic institution  (preferred undergraduate degree in Sciences or Engineering or Finance or Economics – Master Degree is preferred)
  • Language: French, English

Position is based in Paris Office of SAIPOL and will report to SAIPOL CFO