Risk Manager

CHS, Inc.•Inver Grove Heights, MN

About The Position

CHS Inc. is a leading global agribusiness owned by farmers, ranchers and cooperatives across the United States that provides grain, food and energy resources to businesses and consumers around the world. We serve agriculture customers and consumers across the United States and around the world. Most of our employees are in the United States, but today we have employees in 19 countries. At CHS, we are creating connections to empower agriculture.SummaryCHS, Inc. has an exciting opportunity in our CHS Hedging division located in Inver Grove Heights, MN. CHS Hedging is an agriculture focused Futures Commission Merchant (FCM) with clearing memberships at the Chicago Board of Trade (CBOT), Chicago Mercantile Exchange (CME) and Minneapolis Grain Exchange (MGEX). We are looking for a Risk Manager to manage the day-to-day risk monitoring needs of the FCM. The ideal candidate will have a strong understanding of commodity derivative products, experience with monitoring market activity, and solid understanding of risk measurements (i.e. – margin, VaR, stress tests) as well how to set limits at the various required levels. Additionally, candidates must demonstrate excellent written and verbal communication skills, be able to create a strong working relationship between risk and broker teams, and work with leadership to deliver on strategic vision for the company. The ability to tackle complex problems, think critically and utilize critical judgement skills in a fast-paced market-driven trading environment is essential.

Requirements

High School diploma or GED
7+ years of experience in commodity or finanical markets risk management

Nice To Haves

Bachelor’s degree preferred in accounting, finance or related degree
Understanding of futures and options and the factors that determine pricing of options
Ability to handle large data sets.
Analytical thinking to draw effective conclusions from data
Series 3 license, or the ability to obtain within 90 days of hire
Experience working in regulated environments such as SEC and CFTC
Experience in the financial services industry, particularly an FCM (Futures Commission Merchant)
Experience as a commodities futures and options trader (preferred)
Experience in answering regulatory audit inquiries written reports to regulatory entities
Experience with Risk monitoring software (i.e. – Global Risk, XRisk, etc)
Experience with trading platforms (i.e – WebOE, CQG, QST, TT, Fidessa, etc)
Preferred proficiency with coding software (i.e. - Python, C++, or SQL)
Experience with Power BI and similar tools

Responsibilities

Report to the Chief Risk Officer and work to advance the goals and objectives of the risk department.
Participate in bi-weekly meetings for the Firm’s Risk Management Unit (RMU) where various categories of risk are discussed, identified and reported
Utilize trade and risk monitoring tools to assess and/or monitor the risks associated with the customer activities of the Futures Commission Merchant (FCM)
Contribute to the preparation of reports to our regulatory agencies including the U.S. Commodity Futures Trading Commission (CFTC), Chicago Mercantile Exchange (CME), Minneapolis Grain Exchange (now MIAX) and the National Futures Exchange (NFA)
Contribute to the development and compliance of Risk Management Program (RMP) in accordance with CFTC Regulation 1.11
Review customer account opening documentation and assess the customer risk profile to determine trading limits for customers of the FCM
Communicate directly with brokers and/or customers on positions and limits or other risk related topics as necessary
Assess and determine customer position limits and respond to limit change requests in a timely manner
Develop and enhance methodologies to determine risk and reporting
Assist in the design, implementation and execution of risk mediation policies and procedures.
Use good judgement escalating issues in accordance with CHS Hedging LLC policies as well as our FCM Manual
Review and comment on customer money movements and oversee the margin call process daily.
Gather data and analysis to support senior leadership of the FCM
Collaborate and develop relationships with the broader CHS Inc enterprise and its affiliates related to futures, options, and swaps on an ad hoc basis
Liaison with CHS Capital for credit reviews and margin financing updates.
Responsible for the review and editing of standard policies and procedures related to trade and risk monitoring processes
Act as a point of contact for all risk related audit inquiries and assessments.