Risk Manager at CHS Hedging in Inver Grove Heights, MN managing day-to-day risk monitoring and compliance. Requires extensive experience in commodity or financial markets risk management.
Responsibilities
Report to the Chief Risk Officer and work to advance the goals and objectives of the risk department
Participate in bi-weekly meetings for the Firm’s Risk Management Unit (RMU) where various categories of risk are discussed, identified and reported
Utilize trade and risk monitoring tools to assess and/or monitor the risks associated with the customer activities of the Futures Commission Merchant (FCM)
Contribute to the preparation of reports to our regulatory agencies including the U.S. Commodity Futures Trading Commission (CFTC), Chicago Mercantile Exchange (CME), Minneapolis Grain Exchange (now MIAX) and the National Futures Exchange (NFA)
Contribute to the development and compliance of Risk Management Program (RMP) in accordance with CFTC Regulation 1.11
Review customer account opening documentation and assess the customer risk profile to determine trading limits for customers of the FCM
Communicate directly with brokers and/or customers on positions and limits or other risk related topics as necessary
Assess and determine customer position limits and respond to limit change requests in a timely manner
Develop and enhance methodologies to determine risk and reporting
Assist in the design, implementation and execution of risk mediation policies and procedures
Use good judgement escalating issues in accordance with CHS Hedging LLC policies as well as our FCM Manual
Review and comment on customer money movements and oversee the margin call process daily
Gather data and analysis to support senior leadership of the FCM
Collaborate and develop relationships with the broader CHS Inc enterprise and its affiliates related to futures, options, and swaps on an ad hoc basis
Liaison with CHS Capital for credit reviews and margin financing updates
Responsible for the review and editing of standard policies and procedures related to trade and risk monitoring processes
Act as a point of contact for all risk related audit inquiries and assessments
Requirements
High School diploma or GED
7+ years of experience in commodity or financial markets risk management
Bachelor’s degree preferred in accounting, finance or related degree
Understanding of futures and options and the factors that determine pricing of options
Ability to handle large data sets
Analytical thinking to draw effective conclusions from data
Series 3 license, or the ability to obtain within 90 days of hire
Experience working in regulated environments such as SEC and CFTC
Experience in the financial services industry, particularly an FCM (Futures Commission Merchant)
Experience as a commodities futures and options trader (preferred)
Experience in answering regulatory audit inquiries written reports to regulatory entities
Experience with Risk monitoring software (i.e. – Global Risk, XRisk, etc)
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