Risk Manager - Commodities

Hudson River Trading • NY

209d • $200,000 - $300,000

About The Position

Hudson River Trading is hiring a Commodities Risk Manager for our NYC office. You will be responsible for designing, improving, managing, and communicating market and liquidity risk for commodities instruments and strategies. You will have a broad mandate to own and manage all aspects of commodities trading risk faced by the firm, while gaining exposure to the fast-paced world of automated trading alongside exceptionally talented people. The Risk team is a dynamic, highly collaborative group. As our first Commodities Risk Manager, you will make a tangible impact on a new growth area of HRT’s business. This will be a challenging role with a wide remit across multiple asset classes and investment horizons.

Requirements

• 7+ years of experience as a risk manager covering commodities in an investment bank, hedge fund, or asset manager
• Strong understanding of the commodities landscape (both futures and physical trading), as well as relative value hedge fund strategies
• B.S. in mathematics, physics, economics, computer science, electrical engineering or statistics
• Working knowledge of Python, Linux, SQL
• Ability to communicate effectively with stakeholders across the firm including traders, operations, and other risk managers
• Excellent written and verbal communication skills

Responsibilities

• Design new risk controls for commodities trading strategies (including futures relative value and derivative vs. physical) that appropriately control market, operational, funding and liquidity risk without disrupting trading activity
• Understand and advise senior management on the nuances of proposed new commodities strategies; investigate and onboard new strategies, assess their risk profile, and make recommendations on both the suitability and feasibility of any new strategies for the firm
• Analyze historical measures in order to calibrate thresholds
• Design & build risk models to appropriately reflect idiosyncrasies of commodities products (e.g. seasonality)
• Monitor market, operational, and liquidity risk; partner with operations & execution trading teams to investigate & resolve risk limit breaches
• Collaborate with Operations to develop and implement new risk monitoring tools
• Evaluate bespoke trading opportunities
• Work on tactical projects with Finance, Operations, and Engineering

Benefits

• Annual base salary range of $200,000 to $300,000
• Pay (base and bonus) may vary depending on job-related skills and experience
• A sign-on and discretionary performance bonus may be provided as part of the total compensation package
• Company-paid medical and other benefits

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: Bachelor's degree