Senior Commodities Risk Manager

Job Summary

The Senior Commodities Risk Manager is responsible for supporting the Commodities market risk management, ensuring compliance with regulations, risk management frameworks, and internal policies. This role involves proactive engagement with the business and risk committees, driving change within the Commodities business, and managing traded market risk.

• Support the Commodities market risk management
• Adopt a forward-looking perspective, considering external events that may impact the business and ensuring appropriate management actions are taken.
• Communicate and implement regulations, the Risk Management Framework, and internal policie
• Engage proactively with the business and risk committees to balance risk and return through discussions on market risk exposures and limits
• Collaborate with other business units and risk functions to drive change in the Commodities business

• Support the Commodities business in managing traded market risk.
• Engage with the business on material positions, review limit proposals, and support new product rollouts.
• Highlight key traded risk concerns to various committees and risk forums.
• Contribute to the Group’s annual Internal Capital Adequacy Assessment Process (ICAAP) for Commodities-related positions.

• Enhance processes within the Traded Risk team to manage Commodities exposures.
• Advise the business on the calibration of limits for traded risk controls and review any changes.
• Participate in submissions and meetings related to market risk and Commodities business.
• Respond to commodities stress shocks for stress loss scenarios for risk appetite monitoring and regulatory purposes.
• Monitor the risk-taking of the Commodities business to ensure prompt follow-up on any breaches of risk appetite.

• Demonstrate strong analytical abilities and problem-solving skills, providing in-depth analysis in a rapidly changing environment.
• Possess a solid understanding of risk management concepts, techniques, data modeling, and risk management system platforms.
• Present complex risk issues to senior and non-technical stakeholders effectively.
• Exhibit good interpersonal skills, multicultural awareness, and sensitivity.
• Develop and leverage a strong network across the three lines of defense and all business and market areas.
• Continuously seek process improvements with an objective to simplify while maintaining value delivery.
• Commodities market knowledge is preferred.

• Identify and report key risks in the Commodities space to senior management, challenging the First Line to evidence that material risks from business activities are 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 risk hotspots to management.
• Identify and escalate new and emerging risks that could be material to the Group.
• Perform market risk-related controls, including investigating limit excesses and escalating breaches.
• Review data quality of risk factors used for VaR computation.
• Support the Group’s annual ICAAP Automated Trading workstream.

• Support business growth objectives in Commodities while ensuring risk and control requirements are met and business remains on strategy.
• Develop and maintain risk identification and measurement capabilities compliant with applicable regulations.
• Ensure material risk exposures and related issues are reported to responsible risk governance committees and the Board Risk Committee.
• Work with senior management to ensure compliance with regulatory requirements.

• Display exemplary conduct and live by the bank’s values.
• Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank.
• Identify, escalate, mitigate, and resolve risk, conduct, and compliance matters effectively and collaboratively.

• Key regulators in the region
• The Group’s external auditors

• Strong expertise in Market Risk management, including traded market risk…