What are the responsibilities and job description for the Market Risk Manager position at Innowave?
Job Title : Market Risk Manager – Commodities Trading (Oil & Gas)
Location : Houston, TX (On-Site)
Salary : $150,000 – $175,000 Bonus
Job Overview :
We are seeking an experienced Market Risk Manager to oversee risk management for our client's commodities trading division , focusing on oil and gas . This role will be responsible for identifying, assessing, and mitigating market risks , ensuring compliance with risk frameworks, and providing strategic insights to support trading decisions. The successful candidate will lead a sub-team of two risk analysts and collaborate closely with traders, quantitative analysts, and senior leadership.
Key Responsibilities :
- Market Risk Oversight : Monitor and assess risk exposures for oil and gas trading activities, including price, volatility, and liquidity risks.
- Risk Reporting & Analysis : Develop and maintain daily risk reports, providing insights into VaR, stress testing, scenario analysis, and P&L attribution .
- Team Leadership : Manage and mentor 2 risk analysts , ensuring effective risk monitoring and career development.
- Collaboration with Traders : Work closely with trading teams to understand positions, strategies, and risk appetite, providing guidance on risk management best practices.
- Risk Limits & Compliance : Ensure adherence to internal risk limits, policies, and regulatory requirements, escalating breaches when necessary.
- Model Development & Enhancement : Contribute to the continuous improvement of risk models, analytics, and methodologies to better capture market dynamics.
- Stakeholder Communication : Present risk findings and recommendations to senior management and other key stakeholders.
Qualifications & Experience :
What is on Offer :
If you are a results-driven risk management professional looking for a leadership role in a fast-paced commodities trading environment , we encourage you to apply.
Salary : $150,000 - $175,000
