What are the responsibilities and job description for the Risk Manager - Clearing and Derivatives position at Gerald Group?
Summary:
The Risk Manager – Clearing and Derivatives is responsible for the reporting, monitoring, reconciliation, and margining of the company’s futures, forwards, swaps, and options. This role requires a hands-on approach in a fast-paced environment to ensure the accuracy of trade data, alignment between the trading desk and back office systems, and efficient deployment of company’s capital. The position covers derivative trading activities across commodity exchanges in China, Singapore, London, and Chicago, as well as OTC bullion markets in London, with direct interaction with a variety of brokers. The ideal candidate should possess demonstrated middle office experience with commodities derivatives from a trading company or division, along with the ability to identify and resolve issues swiftly in a dynamic setting.
Responsibilities:
- Ensure daily alignment between trading system and brokers. Resolve trade breaks promptly
- Agree trade settlements and provide back-office support for accurate record keeping
- Analyze collateral and margins posted to brokers to devise and action efficient transfers and reallocations
- Agree daily margin calls, ensuring no overcollateralization occurs
- End of day margin call forecasting based on daily MTM and trading activity
- Coordinate with Treasury and finance departments to allocate hedges into TPA accounts with banks
- Manage relationships with brokers
- Performs other related duties as necessary or assigned
Required Skills/Abilities:
- Proficient in Microsoft Office Suite with advanced Excel skills
- Experience with commodity trading and derivative products
- Strong organizational, communication and presentation skills required
- Proven leadership ability, dedication, and commitment a must
- Degree in Business, Finance, Economics or equivalent preferred
- Ability to work in office Monday through Friday
Employee Programs & Benefits:
- Comprehensive medical, dental, vision, and life insurance benefits
- Commuter benefits
- Flexible Spending Accounts
- Health Saving Account
- 401(k) plan with company match
- Short- and long-term disability
- Tuition reimbursement
- Paid time off for vacation, personal, and sick time
We are an equal-opportunity employer. Our teams consist of professionals with diverse backgrounds and skill sets, all of which contribute to the efficacy and profitability of our operations. We take pride in our contributions in aiding developing economies, reducing carbon emissions, and in building towards a more progressive and equitable future.