Charterhouse is working with a large, global Commodity Trading company who is looking to recruit a Trade Control Manager for their growing Dubai office. Our client delivers bulk commodities to more than 40 countries and has offices in 20 countries worldwide, which is evidence of their impressive global footprint.
The Trade Control Manager will be responsible for tracking and analyzing all of the companies trading activity, while promoting best practices and compliance within the UAE and all other trading locations.
In order to effectively perform this duty, the successful candidate should maintain excellent knowledge of trading risk metrics and should be able to analyse and report risk exposures, mitigations, VAR calculations, scenario analysis and stress testing. Alongside this, trade positions should be analysed to confirm that they fit within the firm’s risk framework and adhere to risk limits.
As a Trade Control Manager, you are required to manage and report daily positions and Mark to Market (MTM) reports for all of the trading desks which include coal, iron ore, freight and other commodities. This would also involve monitoring and reporting any structural exposure and impact on the daily P&L variation, and ensuring the correct price data and forward price curves are logged in the system.
Our client will hire someone who has a minimum of three years work experience in middle-office or risk management departments, ideally with a commodity trading background. The successful candidate should be highly analytical and should have the ability to understand P&L impact due to changes in the market.
Having a strong working knowledge of risk, controls, VAR (Value at Risk), MTM (Mark to Market), quantifying position exposure, stress testing and scenario analysis is also essential to carrying out this role. In addition to the technical knowledge, a Degree in Economics, Math, Finance or similar would be beneficial. Strong IT skills and SAP experience is also highly desirable.
Seniority Level: Managerial-Level
Job Functions: Supply Chain & Logistics
Industries : Information Technology
