Market & Valuation Risk Management – Commodities – Vice President
About The Position
The Vice President will serve as a Valuation Risk Manager covering Commodities in the Americas, ensuring effective risk management with a focus on Independent Price Verification (IPV) across commodities products and derivatives. Coverage includes Oil, Power, Gas and Emissions. The role is part of the Valuation Risk team within Credit Risk Operations, while integrating closely with Market Risk and interacting across Front Office, other Risk areas, Technology and Finance. The position covers valuation activities including IPV, fair value reserving, prudent valuation, methodology review, Day 1 Profit & Loss, leveling and the control framework. The role also manages relevant regulatory and internal projects and contributes to strategic initiatives, methodology improvements, innovation and robust automated controls, including integrating AI. The employee is expected to work in the New York office under the Bank’s hybrid working model.
Requirements
- Degree in Mathematics, Sciences, Finance, Engineering or Business.
- Extensive experience in a markets or investment banking environment in valuation, risk management, front office (such as trading or structuring), or product control.
- Deep understanding of financial instruments and markets.
- Expert knowledge across a broad range of Fixed Income, particularly commodities products and derivatives, including futures, swaps and options across Energy markets such as Oil, Power, Gas and Emissions.
- Ability to leverage AI tools to enhance productivity and optimize workflows, solve business problems, and apply critical judgment to ensure responsible and ethical use of data and AI outputs.
- Stakeholder management skills and ability to build strong relationships with the Business and Senior Management, influence decisions and manage expectations.
- Project management skills, including maintaining updated plans and tracking critical paths.
- Ability to troubleshoot and communicate complex topics and issues effectively to Senior Management.
Nice To Haves
- MS or higher education.
- Postgraduate finance-related qualification, such as CFA or FRM.
- Knowledge of X-VA modelling for uncollateralized derivatives.
Responsibilities
- Oversee monthly and intra-month Independent Price Verification (IPV) across the Commodities business, focusing on derivatives including options, futures, swaps and basis products.
- Partner with Front Office Trading and Strats on significant items, emerging valuation risks and new business initiatives; challenge where necessary.
- Engage with Senior Management and stakeholders including Front Office heads, Risk managers, Finance and IT on significant matters.
- Act as a key contact for internal and external auditors and regulators on IPV matters.
- Lead with global teams in delivering the overall valuation agenda and controls.
- Contribute to optimization efforts, methodology development, innovation and robust automated controls, with a focus on integrating AI.
- Maintain integrity, professionalism, ethical conduct, independence and objectivity in the IPV function.
- Mentor junior team members and potentially manage junior staff, both onshore and offshore.
- Manage relevant regulatory and internal projects.
Benefits
- Hybrid working model with in-office and work-from-home flexibility.
- Generous vacation, personal and volunteer days.
- Employee Resource Groups that support an inclusive workplace and promote community engagement.
- Competitive compensation packages.
- Health and wellbeing benefits.
- Retirement savings plans.
- Parental leave and family building benefits.
- Educational resources.
- Matching gift and volunteer programs.
- Physical, emotional and financial wellness benefits.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
