Commodities Risk Manager

Job Title: Commodities Risk Manager

Department: Risk Management
Location: Ghansoli, Navi Mumbai
Work Hours: Flexibility required, including late shifts aligned with commodity market closing times (MCX/NCDEX)

Job Purpose

The Commodities Risk Manager will be responsible for the identification, measurement, monitoring, and mitigation of risks associated with the organizations commodity trading activities on MCX and NCDEX platforms. This role plays a critical part in ensuring compliance with SEBI and exchange regulations, as well as internal risk management frameworks and policies. The candidate must be flexible to work extended hours to align with market operations.

Key Responsibilities

• Manage client and dealer limits across the commodities business.
• Evaluate and assign risk profiles and exposure/turnover limits for new clients, groups, and dealers prior to market opening.
• Process limit modification requests in real-time during market hours, including reversion of limits as per RMS protocols.
• Administer client-specific limits for both retail and corporate segments in accordance with internal risk policies and business objectives.
• Monitor and control exposure, margin requirements, and client positions in line with SEBI and exchange risk norms.
• Operate and manage MCX and NCDEX corporate terminals, ensuring smooth risk operations.
• Track and act on commodity contract expiries, ensuring timely blocking and settlement actions.
• Manage position limits and real-time fund/limit allocations, maintaining risk exposure within defined thresholds.
• Participate in the testing, UAT, and implementation of new RMS systems and enhancements, including exchange mock sessions.
• Stay abreast of regulatory updates impacting commodity risk and assess operational implications.
• Support internal/external audits, compliance checks, and inspections conducted by SEBI and exchanges.
• Handle end-of-day risk activities for commodities and equity segments as required.
• Track and communicate relevant market news, circulars, and regulatory updates to impacted stakeholders and clients.

Qualifications & Skills

• Educational Qualification: Graduate in Finance, Economics, or related field; post-graduate or MBA preferred.

• Certifications:

• NISM Commodity Derivatives Certification

• NISM-Series-VII: Securities Operations and Risk Management (preferred)

• Technical Skills:

• Proficient in Risk Management Systems (RMS) and commodities trading platforms

• Good understanding of physical commodity expiry and settlement mechanisms

• Market Knowledge:

• In-depth knowledge of Commodity markets, MCX and NCDEX instruments, risk frameworks, and SEBI regulations

• Soft Skills:

• Strong analytical and decision-making abilities

• Excellent written and verbal communication

• Ability to thrive in a high-pressure, time-sensitive trading environment

• Collaboration:

• Proven ability to coordinate with compliance, dealing, technology, and back-office teams