PREFERRED QUALIFICATIONS AND EXPERIENCE

• A degree education from first or second tier University
• Experience in risk, control and/or front office function of investment bank including management experience
• Detailed knowledge of physical commodities risks and associated risk management including associated credit, market, operational, legal and insurance risk
• Practical experience in a variety of physical commodities and associated global markets products with exposure to risk, valuation, accounting, settlement, documentation and system components
• Ability to analyse impacts and gaps, identify changes and effective solutions and motivate and manage delivery
• Ability to engage with senior management and diverse stakeholders
• Ability to develop and maintain suitable MIS reporting
• Ability to translate and simplify complex challenges to facilitate effective delivery

Knowledge, Technical skills and Expertise

• Good understanding of physical commodities business, preferably in a bank or regulated environment
• Intelligent, pragmatic and risk orientated
• Strong negotiation, influencing, interpersonal and teamwork skills, with experience of dealing with senior management
• Trading, lending, operational, accounting, technology system and process knowledge
• Self-driven, with leadership, coaching and team building skills

Personal attributes

• Results and delivery orientated
• Ability to engage and motivate others
• Resilient, pragmatic and highly numerate
• Pays attention to detail
• Strong and concise communicator, with experience of facing off to senior management
• Self-driven with enthusiasm to learn
• Confident with high level of integrity

The role would suit someone who is

• Experienced in physical commodities and risk management
• Able to perform independent, balanced risk review and assurance of a high quality across multiple inter-related risks
• Able to manage stakeholders and deal effectively with multiple functions
• Ability to motivate people to drive forward processes and deliver despite challenges
• Proactive and willing to think outside the box to deliver solutions
• Able to define and roll out robust control and system processes
• Able to provide clear and effective risk reporting

KEY RESPONSIBILITIES

• Lead and manage the PCRA function in order to deliver effective risk assurance and risk management of physical commodity risk exposures globally across ICBCS in a balanced and proportional manner in accordance with internal and regulatory standards and risk appetite.
• Deliver physical commodity risk assurance including the following activities:
• Define, update and manage ongoing application of the physical commodity risk framework including risk policies, risk review, physical inspection and risk assessment, reporting and other risk management procedures
• Ensure integrated management of physical commodity risk including direct risks of financial loss arising from physical commodity inventories or transactions involving physical commodities and associated credit, market, operational, legal, insurance, reputational or regulatory risks arising from second order impacts
• Work with stakeholders across the Global Commodities business to ensure effective and efficient implementation of physical commodity risk management, and ongoing alignment with evolving business requirements
• Plan and manage PCRA physical inspection and desktop assurance activity, including participation in warehouse/vault/refinery/terminal/port visits globally, performance of desktop assurance reviews and agreeing and tracking actions and ensuring appropriate insurance is in place.
• Perform joint client visits or review of new structured physical commodities transactions solely or with other functions including credit and market Risk, and assist in identifying, understanding and managing the risks of physical commodities transactions
• Provide independent assurance of the effectiveness of the physical commodities control environment, and the appropriateness of operations controls & processes on trade administration, physical trade contracts, logistic arrangements, settlements, storage control and reconciliation and insurance. o Perform independent reviews of physical market liquidity, exit costs, haircuts and other limits and triggers used to managed physical commodities risk
• Deliver thematic, desktop and other risk reviews as appropriate o Ensure daily and monthly reporting on location, group service provider and physical inventory limits, aged inventory, and first line inspection activity is accurate, comprehensive and performed in an efficient and timely manner
• Approve and support the on boarding of new locations following appropriate due diligence
• Manage the agenda, pack and stakeholder participation for PCC and act as alternate PCC chairperson
• Deliver suitable reports and management information with regards to PCRA for PCC and other relevant governance committees. o Develop and maintain suitable systems and controls in support of PCRA including monitoring of dashboards and exposures against limits
• Liaise with stakeholders around the bank on all matters related to PCRA and build and maintain strong relationship management to support the efficiency and effectiveness of the function.

The role would suit someone who is

• Experienced in physical commodities and risk management
• Able to perform independent, balanced risk review and assurance of a high quality across multiple inter-related risks
• Able to manage stakeholders and deal effectively with multiple functions
• Ability to motivate people to drive forward processes and deliver despite challenges
• Proactive and willing to think outside the box to deliver solutions
• Able to define and roll out robust control and system processes
• Able to provide clear and effective risk reportin