Senior Risk Manager – Commodity Trading (Singapore)

We are looking for a talent who is suitable for the position of Senior Risk Manager to join Stavian to #GOGLOBAL with the following criteria & work:

Job Summary

Reporting to the CEO, BOD or Group Chief Risk Officer, the Senior Risk Manager will be responsible for managing all market risk management and middle office functions supporting the Stavian Singapore Pte Ltd business and related entities regionally and globally.

The Senior Risk Manager will work to develop, implement market risk management policies and procedures to ensure compliance with Group requirements and best practices. Through the monitoring and analysis of the trading data, the Senior Risk Manager can effectively identify potential risks and opportunities in the commodities trading and shipping markets.

The key tasks are to capture daily trading P&L capture and to carry out stress testing, VaR, sensitivity analysis and other risk oversight tools to offer analysis of market conditions. Through active participation via discussions with front office, analytics and other risk functions such as credit, the senior risk manager will also review trading strategies and embedded optionalities of non-standard transactions.

Strategy

The Senior Risk Manager role exists to support the Commodities and Shipping market risk management .
Take a forward-looking perspective, taking into consideration external events which may be material. Ensure appropriate management action is being taken to mitigate their impact.
To ensure the regulations, Risk Management Framework and internal policies/standards are effectively communicated and implemented.
Develop proactive engagement with the business, Risk Committees in pursuit of balanced risk / return via discussions on Financial Market risk exposures and limits
To drive change in the Commodities and Shipping business in collaboration with other parts of the business, risk and group risk functions.
Contribute to counterparty risk management and geographical risk and credit management

Business

To support the Commodities and Shipping business in the management of Traded Market Risk.

Engage business on material position, review limits proposal and support new products roll out.
Highlight key Traded Risk related concerns to various committees and risk forums.
Contribute to the Group's annual Internal Capital Adequacy Assessment Process (ICAAP) for Commodities and Shipping related positions.

Processes

To enhance processes within the Traded Risk team to manage the risk of Commodities and Shipping exposures.

Advise business in the calibration of limits for Traded Risk controls and review any changes.
Participate in the submissions and meetings for various forums related to market risk and / or Commodities business.
Response for the commodities stress shocks for Stress Loss scenarios for risk appetite monitoring and regulatory purpose.
Monitor the risk taking of the Commodities business to ensure that any breach of risk appetite is followed up promptly.

Key Responsibilities

a. People & Talent

Strong analytic abilities and problem-solving skills, able to provide in depth analysis on timely basis in a rapidly changing environment.

Solid understanding of risk management concepts, techniques, internal/external data modelling, and risk management system platforms.
Ability to present complex risk issues to senior and non-technical stakeholders.
Good interpersonal skills, multicultural awareness, and sensitivity
Develop and leverage a strong network across the three lines of defence and across all businesses and markets
Always have an eye for Process Improvements and Innovations with an objective to Simplify, while still maintaining the value delivered
Commodities and Shipping market knowledge will be preferred.

b. Risk Management

Identify and report material key risks in the Commodities and Shipping space to senior management and challenge the First Line to evidence that the material risks arising from their business activities have been identified, assessed, monitored, and reported.

Determine suitable Traded Risk controls to ensure risk taking is within risk appetite.
Monitor internal and external events material to the trading book and highlight hot spot risk to the management.
Identify and escalate new and emerging risks that could be material to the Group
Perform market risk related control, including investigation of all limit excesses and escalating limit breaches.
Review of data quality of risk factors used for VaR computation
Support the Group's annual Internal Capital Adequacy Assessment Process (ICAAP) Automated Trading workstream

Skills And Experience

a. Governance

Support business growth objectives in Commodities and Shipping, whilst ensuring the business continues to meet risk and control requirements and remains on strategy.

Develop and maintain risk identification and measurement capabilities which are objective, consistent, appropriate to the business and compliant with applicable regulations. Ensure that material risk exposures and related issues for foreign exchange are reported to the responsible risk governance committees and to the Board Risk Committee
Work with senior management to ensure compliance with regulatory requirements.

b. Regulatory & Business Conduct

Display exemplary conduct and live by the Group's Values and Code of Conduct.

Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Lead the team to achieve the outcomes set out in the Group's Conduct Principles: [Fair Outcomes for Clients; Effective Financial Markets; Financial Crime Compliance; The Right Environment.] *

c. Key stakeholders

Internal

First Line stakeholders including CEO, BOD, MD, Business and Product Heads

Operations and technology partners / vendors
Model Owner
Model Developers
Group Internal Audit
Group Operational Risk
Group Compliance
Risk Reporting Team

External

Key regulators in the region: The Group's external auditors

Requirements & Qualifications

Education: Bachelor's or Master's degree in Finance, Financial Engineering, Economics, Mathematics, Science, Engineering, or a related quantitative field.
Experience: 8 to 12+ years of risk management experience within an international commodity trading firm, investment bank, producer, or major energy/metals corporation.
Deep understanding of physical and derivative commodity markets, including freight and shipping mechanics.
In-depth mastery of VaR methodology, risk sensitivities, and stress-testing frameworks.
Strong working knowledge of Credit Risk assessment in commodity markets.
Advanced proficiency in MS Office Suite and VBA for financial modeling and automation.
Practical experience working with Front Office trading systems (CTRM/ETRM) and database structures.
Strong preference for programming and data analytics tools: Python, SQL, Tableau, or MATLAB.
High level of ownership, strong project management capabilities, excellent stakeholder management, and analytical problem-solving skills.

Senior Risk Manager Commodity Trading (Singapore)