Director of Risk & Compliance

Description

Director of Risk and Compliance will improve and monitor risk analysis, recommend and align strategic initiatives, and ensure compliance in areas of risk management. These areas include, but are not limited to: Commodity trading, domestic and international credit, currency and interest rates, industry margins and trends, insurance, and banking markets. 

Essential Duties and Responsibilities:

Strategic Initiatives 

• Demonstrate independent understanding of trading strategies to identify and mitigate financial, operational and reputational risk related to new or existing activities 
• Maintain strong knowledge of external environment in which business operate and assess and challenge its impact on business risk and advice on appropriate mitigation in response 
• Continually monitor markets and recommend strategies for global risk hedging, including currency, interest rates, fuel and others as identified 
• Develop stress testing of existing and contemplated positions to ensure visibility in position and profitability objectives 
• Develop and maintain relationships with futures brokers 

Data Analytics 

• Develop, improve, and maintain end-to-end risk models 
• Manage and maintain market intelligence data 
• Maintain current margin and market data 
• Consolidate and report supply and demand projections for various commodities 
• Aggregate commodity price data and trends 
• Coordinate and assist in the development of risk applications and models with the Information Systems department 
• Utilize predictive technologies to achieve strategic data objectives 

Compliance 

• Evaluate existing risk policies and procedures for gaps and recommend resolutions 
• Collaborate closely with merchandising and accounting/finance to resolve any discrepancies on counterparty, pricing, volume and mark-to-market intent 
• Develop, monitor and ensure adherence to company credit and risk policies  
• Monitor daily position activity for position limit compliance 
• Monitor hedge accounts for trading compliance with various boards of trade 
• Assist legal with periodic and annual position and transaction compliance audits 
• Assist legal with annual compliance training 
• Drive a culture of safety, accountability, opportunistic curiosity and contributes to creating an environment where people want to work
• Other duties as assigned

Requirements

• Bachelor’s degree in business, finance, risk or an equivalent combination of education and experience sufficient to perform the essential functions of the job  
• MBA with a finance concentration preferred 
• Minimum of 5 to 7 years of working experience in Risk management; preferably in agricultural commodities 
• Working knowledge of agribusiness and farming industry 
• Strong analytical skills 
• Thorough understanding of financial derivatives, mark-to-market accounting, value-at-risk and stress tests
• Strong written and verbal communication skills 
• Knowledge of Power BI  
• Advanced skills in Microsoft Excel, Excel advanced formulas, macros, pivot tables etc