Job Summary
Targray is seeking a Market Risk Manager to join our Risk Team based in our Gurgaon, Haryana office. The Market Risk Manager will play a key role in supporting and advancing the growth of the Market Risk department. The successful candidate will play a key role in implementing best-in-class market practices, leading a team of risk professionals, and developing new models and systems as Targray expands its business. This role will report to the Director of Risk Management.
Key Responsibilities
- Ensure robust market risk management processes and controls are established across all business divisions, and implement improvements based on evolving market conditions and company needs.
- Ensure the timely and accurate reporting of risk data, including exposure, mark-to-market, and Value at Risk (VaR).
- Oversee the market risk function, leading a team of both junior and senior risk analysts in different locations and time zones.
- Collaborate with stakeholders to design and implement controls, dashboards, and tools within the companys risk management framework.
- Support decision-making by providing risk insights and recommendations to traders and management.
- Serve as a subject matter expert in the implementation of Targrays in-house Commodity Trading and Risk Management (CTRM) system.
- Prepare ad-hoc risk analysis reports for decision-making, strategic initiatives, and regulatory compliance.
Qualifications and Skills
- Master s degree in Finance, Economics, Engineering, or a related field. Advanced certifications (e.g., FRM, CFA) are a plus.
- Minimum of 5 years of experience in market risk, preferably within a commodity trading environment (experience in oil and/or renewable fuels is highly desirable).
- In-depth understanding of pricing mechanisms for financial derivatives (futures, swaps, options) and physical commodities.
- Strong quantitative skills, with the ability to assess and model complex market risk scenarios and derive actionable insights.
- Proficiency in programming languages such as Python, R, or similar, as well as experience with data analysis tools such as PowerBI.
- Experience with commodity trading and risk management systems.
- Comfortable working in a fast-paced, dynamic environment.
- Ability to manage multiple priorities and meet competing deadlines.
- Results-driven, efficient, and detail-oriented.
- Excellent communication skills, with the ability to collaborate in teams while also being resourceful and independent.
- Experience managing multi-cultural teams across diverse geographical locations.
Benefits
- A competitive remuneration plan and an excellent working environment in a growing multinational organization.
- Beautiful, spacious and modern workplace environment.
- Flexible work arrangement policy.
- Off-site Team Building and experiential development.
- Life Insurance and Accidental Insurance for Self.
- Free Medical Insurance for Self and Family.
- A spacious office cafeteria providing nutritious complementary meals 5 days a week.
- Gym Benefits.
- Corporate Team Fun Activities.
