Associate Director, Risk Management

Our client is a global physical Commodity trading company. We are looking for an experienced Commodity Risk professional to take the role of Deputy CRO, to support the CRO as the organisation continues to grow. The successful candidate will have proven experience in Physical Commodities (Metals, Bulk, Ags etc.), and extensive, senior level experience in Risk Management/Product Control/Deals Desk. The primary purpose of your role will be to provide support in strengthening the organisation’s risk governance and middle office function, managing a team of 6.

PRINCIPAL DUTIES/RESPONSIBILITIES WILL INCLUDE BUT WILL NOT BE LIMITED TO:

Coordinate and lead the middle office/risk team delivering daily P&L production, reconciliation, independent P&L explain, and related controls, ensuring timely output, clear ownership, and escalation where required. Oversee daily mark-to-market valuations for physical and derivative positions, including approving valuation methodologies, model changes for new products, and key pricing assumptions Oversee VaR, risk metrics, and risk reporting: review and challenge daily/weekly VaR, sensitivities, stress tests, limit utilisation, and other market risk indicators; ensure accurate, consistent reporting to the CRO. Supervise trade lifecycle controls (front-to-back matching, validation of economics, resolution of breaks) by setting SOPs, enforcing checks on high value trades Oversee the design, implementation, and periodic review of risk-related controls and dashboards (positions, P&L attribution, limit breaches, exceptions), driving process improvement and automation while maintaining strong data quality. Act as the primary escalation point for significant P&L variances, control failures, model issues, or risk limit breaches, providing clear analysis, recommended actions, and tracking remediation to closure.

EDUCATION, QUALIFICATIONS AND EXPERIENCE REQUIRED:

Chartered Accountant / MBA (Finance) / CFA / FRM or equivalent qualification. Strong academic grounding in finance, risk management, or quantitative disciplines preferred. 12–18 years of relevant experience in commodity trading, financial markets, or product control / market risk functions. Proven experience managing valuation, P&L control, or risk reporting frameworks. Strong understanding of VaR, market risk measures, exposure monitoring, and trading risk dynamics. Deep understanding of P&L attribution & valuation controls. Strong working knowledge of VaR and market risk metrics. Ability to interpret trading strategies and risk exposures. Strong analytical and problem-solving capability. High attention to detail with control-oriented mindset. Ability to lead and coordinate specialist teams. Comfort with data, reporting tools, and risk systems.