Commodities Head of Portfolio Management and Analytics

Citi • Houston, TX

3d • Onsite

About The Position

Portfolio Management & Analytics is the risk-management team within Front Office that oversees all risk-taking and trading activities globally for the Commodities business (Energy, Metals, Ags, etc). We analyze and opine on the risk associated with any new significant transaction and all risks aggregated at the portfolio level. Our aim is to 1) prevent significant losses and create a culture of no-surprise by assessing thoroughly all risk types and challenging trading desks’ views, 2) enable risk-taking for new trade types and optimize risk allocation at the portfolio level (VaR, RWA, etc), 3) produce deep-dive analysis on key and complex risks for management awareness and that can lead trading to change their risk-management approach and 4) create best-in-class risk reports and fully map P&L to risk. We produce highly visible and sought-after analysis and opinion for traders, trading heads and senior management of the Commodities business and the wider firm; our approach is data-driven as well as qualitative. We are looking for someone to join us at a senior level (Director) to head the PMA team, based either in London or in Houston. This is an ideal role for someone already in a Risk function with a very commercial mindset or someone in a trading role with strong quantitative skills looking to transfer their experience to the Risk side.

Requirements

• Degree in a quantitative or financial discipline
• Previous experience in a quantitative or risk function or trading role; ideal candidate would have a mix of all three but not all three are necessary
• Extensive knowledge and experience in at least one of the key commodities segments such as oil, metals, or gas / power / emissions
• Knowledge of financial & physical instruments and risk metrics
• Quantitative skills including mathematics involved in risk estimation and modelling
• Excellent written and verbal communication skills
• Must be a self-starter, lateral thinker, flexible, innovative and adaptive
• Ability to work collaboratively at all levels of the organization as well as ability to challenge status quo
• Excellent written and verbal communication and interpersonal skills
• Excellent project management and organizational skills and capability to handle multiple projects at one time

Responsibilities

• Assess the risk for new trade types (new underlying, new payout, unusual size, etc but especially complex and structured transactions) by using existing tools or developing new analytics (backtesting, etc); determine parameters to stay within risk appetite and stress associated hedging strategy
• Ensure trading performance is within agreed risk framework and take required action such as tweaking risk allocation, stopping traders out, etc.
• Produce reports that properly reflect risk and performance; articulate drivers behind those risk and performance.
• Create a strong rapport with traders by helping them understand risk and p&l in their books and at the same time by challenging their market views and positioning.
• Communicate on emerging risk themes and escalate pressing matters with senior management.
• Work with Quants and Tech to keep improving the trading platform and analytics.
• Work with the Central In-Business Risk group which aggregates and reports risks and performance from a front-office perspective for the Global Head of Markets.
• Articulate and deploy the vision for the PMA function and team members.

Benefits

• medical, dental & vision coverage
• 401(k)
• life, accident, and disability insurance
• wellness programs
• paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays

What This Job Offers

• Job Type: Full-time
• Career Level: Director