Global trading company is looking for a Risk Manager (FTC)
The successful candidate will demonstrate excellent attention to detail, communication and organisational skills. Ability to work as part of a team, ensuring crucial deadlines are met whilst delivering high standards at all times.
The ideal candidate will able to demonstrate a competent level of knowledge around the clearing process for oil and gas contracts and in particular understand the pricing and settlement mechanism associated with such contracts
The candidate should be able to demonstrate the ability to undertake a review of systems and controls and successfully deliver solutions.
Reconciliation of the company's daily cleared open positon with the Exchange
Reconciliation of the company's daily margin call with the Clearing House
Performing analysis to find ways of optimising the company's Initial Margin (IM) exposure and recommending potential market switches inorder to reduce the company's IM exposure.
Weekly management reporting on the Company's IM exposure
Independently query, challenge and resolve reconciliation discrepancies with the Clearing House and Trading Desk
Counterparty confirmation for OTC trades,
Drafting OTC paper confirmations compliant with ISDA Definitions.
Checking incoming OTC paper and electronic confirmations
Chasing outstanding, and inbound, OTC paper confirmations.
Invoicing and agreeing settlements for OTC transactions.
Perform Portfolio reconciliation as required by EMIR.
Reconciling and settling Brokerage invoices.
Undertaking Brokerage fee analysis and providing recommendations to Traders of ways they can optimise their fee exposure
Performing system and control audits and successfully delivering solutions to remove bottlenecks.
Build and maintain effective relationships with all areas of the business, particularly with Front Office, Compliance, Credit and Risk Managers
General administrative duties required.