Our client is a major energy and commodity trading company with substantial operations across electricity, natural gas, LNG, renewable energy products, environmental certificates, metals, and foreign exchange. They manage diverse trading portfolios requiring sophisticated risk management frameworks and independent oversight. The business operates complex trading operations across physical and financial markets, requiring robust market risk capabilities to support trading decisions whilst ensuring appropriate risk controls. They need experienced risk leadership to strengthen market risk frameworks and provide strategic partnership to trading desks. They are seeking a Head of Market Risk to lead market risk management across energy, commodities, and FX trading operations. This senior role offers the opportunity to shape risk frameworks across a diverse trading book during a period of significant market transformation. The Role As Group Manager - Market Risk, you will be at the helm of market risk management, overseeing a diverse trading book spanning traditional and renewable energy, commodities, and foreign exchange. This role requires deep expertise across multiple commodity markets, strong quantitative capabilities, and the ability to provide independent risk oversight whilst partnering with trading functions. You will design and execute market risk frameworks for energy trading operations including electricity, natural gas, and liquefied natural gas. Additionally, you will manage risk exposure across renewable energy products, environmental certificates, metals, and currency portfolios. This is a senior leadership role requiring both technical expertise and strategic thinking, with responsibility for ensuring effective risk management across a complex, multi-commodity trading environment. Key Responsibilities Lead market risk management across energy, commodities, and FX trading operations Design and implement market risk frameworks for electricity, natural gas, and LNG trading Manage risk exposure across renewable energy products including certificates, guarantees of origin, and carbon credits Oversee market risk for metals trading and foreign exchange portfolios Monitor and report market risk metrics including VaR, stress testing, scenario analysis, and P&L attribution Set, monitor, and manage trading limits including position limits, VaR limits, and stop-loss triggers Conduct independent price verification (IPV) and mark-to-market valuation of trading positions Provide independent challenge and risk assessment on complex trades, structured transactions, and new products Partner with trading desks on portfolio optimisation, hedging strategies, and risk-adjusted performance Develop and enhance risk methodologies, models, and analytical frameworks across commodity classes Prepare risk reporting for executive leadership and board risk committees Collaborate with quantitative analysts on model development, validation, and enhancement Ensure compliance with risk policies, regulatory requirements, and internal governance frameworks Lead and develop market risk team supporting trading operations Contribute to risk strategy, transformation initiatives, and capability building Requirements Tertiary qualification in finance, engineering, mathematics, or related quantitative discipline; postgraduate qualification highly regarded 10-15 years' experience in market risk management across energy, commodities, or multi-asset trading environments Deep understanding of energy markets including electricity, natural gas, and LNG trading and risk management Experience managing risk across renewable energy products, environmental certificates, and carbon markets Knowledge of metals and foreign exchange risk management Strong quantitative skills with expertise in VaR, stress testing, options pricing, and risk analytics Experience with independent price verification, valuation methodologies, and mark-to-market processes Understanding of commodity derivatives including swaps, options, and structured products Proficiency with risk management systems, analytics platforms, and quantitative tools (Python, R, or similar) Strong stakeholder management skills with ability to partner with traders whilst maintaining independent oversight Excellent analytical and problem-solving capabilities Strong communication skills with ability to present complex risk concepts to trading and executive audiences Proven leadership capabilities with experience managing risk teams Please submit your CV and a covering letter addressing: Your experience in market risk management across energy, commodities, or multi-asset trading environments Your understanding of electricity, natural gas, LNG, and renewable energy product risk management Your quantitative and analytical capabilities including risk methodologies and tools you have used Your approach to independent risk oversight whilst partnering with trading functions Your leadership experience and approach to building market risk capabilities For Further Information Contact Ivan Pignataro | Director D'Arcy Weil T: 61 3 9999 7409 M: 0416 507 856 E: ivan@darcyweil.com This role is being managed exclusively by Ivan Pignataro at D'Arcy Weil. All applications will be treated in the strictest confidence.
