Risk Manager

Job Purpose

Key Accountabilitie

• S:
• Lead the development of the company wide risk framework, strategy and policies that includes operational, financial and enterprise risk identification, assessment, control, monitoring, and reporting and ensure their effective implementati
• on.Regularly review and update the Trading Manual to ensure that the same reflect the latest regulations and trends in the Commodity Trading Industry and educate all stakeholders in case of any major development or chang
• es.Regularly review and update the Shipping Manual to ensure that the same reflect the latest regulations and trends in the Shipping Industry and educate all stakeholders in case of any major development or chang
• es.Regularly review and update the Hedging Manual to ensure that the same reflect the latest regulations and trends in the industry and educate all stakeholders in case of any major development or chang
• es.Develop, maintain and regularly update the Risk Register that contains all the risks-financial, operational and enterprise, Midstar is facing or may face in the foreseeable future and suggest mitigation strategy for each ri
• sk.Develop Risk Limit and Threshold (Risk Appetite) for each risk, get the same approved by the Management, communicate to all stakeholders and ensure strict adherence to the same. Bring to the knowledge of the Management in case of breach of such limits/threshold, evaluate its implications and suggest a mitigation mechani
• sm.Regularly interact with the Group Risk Head for new ideas and benchmarking and implement the same in Midstar if are found to be usef
• ul.Carry out thorough appraisal of all Counterparties to ensure that all risks have been identified. Categorize the Counterparties into High/Medium/Low Risk category and bring to the knowledge of the Management in case the Counterparty is going to pose a high risk to Midst
• ar.Conduct Risk Analysis at the time of introducing a new product or getting into a new market to ensure that all risk elements have been identified and appropriate risk mitigation measures are in pla
• ce.Update the Management and Stakeholders on the potential risks, arising out of changes in the market prices and other factors like geo-political situations, on a daily basis and suggest viable solutions to minimize any potential lo
• ss.Suggest and implement physical hedging strategies through Futures, Options and OTC products to maximize returns and minimize loss
• es.Take the lead in implementing Trading Risk Management System across the Group and ensure that the system is used effective
• ly.Ensure that all Policies, Procedures and Systems in the Department comply with the standards/requirements of ISO:9000-20
• 15.Keep abreast with the latest developments and trends in the Risk Management, educate all stakeholders and implement the changes wherever possib
• le.Any other tasks and responsibilities assigned from time to ti
• me.

Key Performance Indicat

• ORS:
• Number risks ident
• ifiedNumber of Risk Mitigation solut
• ions.Effectiveness of the solu
• tionsNumber of Risk surp
• risesClarity of Policies and Procedures dra
• fted.Stakeholders’ Satisfac
• tion.

EDUCATION, EXPERIENCE & S

Edu*

• cation:Bachelor’s degree in finance, Business or T
• rading.Certification in Risk Management des
• *irable.

Ex*

• p
• erience:Minimum 8-10 years of post-qualification experience, of which 5 years in the Managerial position, in a medium to large Agri commodity trading organ
• ization.Proven track record of identifying and resolving business risks quickly and effe
• *ctively.

Technica*

• l Skills:Broad understanding of Agri commodit
• y market.Sound understanding of risk and operational control issues, data security, fraud and business co
• ntinuity.High level of proficiency in English language, both written an
• d spoken.High level of proficiency in Microsoft Outlook, Power Point, Word, a
• nd Excel.Presentati
• on skill.Report Writi
• *n*
• g Skills.