Welcome to the team: Market risk & Valuations Specialist – Commodities / FX (m/f/diverse)
We offer you the opportunity to join the Market Risk and Valuation team of Commerzbank in our Prague office.
If you are passionate about financial markets, financial instruments and risk management, this job is for you! You will take integral part in our growing risk control hub we are building in Prague and become the member of the team providing essential Market Risk functions for the global Commodity, Equity and FX business of Commerzbank. You will utilize and extend your expertise in valuation (fair value measurement of financial instruments such as Commodity swaps or FX Options), market risk (monitoring of exposures, limits or value at risk of portfolios) and PL control topics.
Your tasks
- Focus on global Commodities / FX business of Commerzbank (with main trading hub located in London)
- Valuation and Independent Price Verification – Daily and monthly valuation of financial instruments using established pricing models and processes, guaranteeing the correct fair value in the accounting statements of Commerzbank, analysis of market moves and valuation results, and reporting to stakeholders and senior management
- PL and Market Risk reporting – regular oversight, analysis and reporting of the Bank’s trading activities, monitoring the market risk exposures against limits, independently verifying the daily P&L result, analysis and explanation of unusual movements.
- Ensuring compliance with procedures and policies, creating and maintaining process workflow and methodology documents
- Ensuring high quality standards and adhering to timelines of critical reports and deliveries
- Contributing to a positive team culture, closely cooperating and building strong working relationships with local teams as well as with colleagues from Front Office and Risk teams in international locations
- Being the key contact for the designated business process, i.e. being the first person of contact for an operational query from business stakeholders, ensuring swift and effective communication and willing to take responsibility for dealing with unusual issues.
- Contributing to projects and initiatives related to Market Risk functions, improving and streamlining processes to increase operational efficiency and reduce risks
Your profile
- University degree in economics, finance, mathematics, or related fields
- Strong interest in financial instruments, risk management, valuation and related topics
- At least 2 years of experience in Market Risk Management, Financial Control, Investment Banking, Derivatives Trading or related fields
- Knowledge of financial instruments, their mechanics and valuation principles, knowledge of basic financial mathematics
- Advanced knowledge of Microsoft Office; VBA and SQL is an advantage
- Knowledge of major market data providers (e.g. Bloomberg, Eikon) is an advantage
- Willingness to learn and to take on new responsibilities
- Ability to perform sound analysis, present the findings, and take ownership of the the results and conclusions
- Mental resilience, ability to work with tight and conflicting deadlines in peak times (particularly around month ends) and with changing objectives
- Proficient in written and spoken English (our working language)
- Good team player with positive “can do attitude”, who is fun to work with
What we offer:
- Highly professional and inspiring full time job for indefinite period of time,
- Friendly colleagues of different nationalities,
- Workplace in the wider center of Prague on I.P.Pavlova,
- Competitive financial remuneration,
- A wide range of employee benefits,
- Start date as of 1st October 2024
In case you are interested in the position and you fulfill the defined job requirements, please send us your CV in English and a brief motivation letter. Thank you!
The company
Commerzbank has been present in the Czech Republic with a branch in Prague since 1992. Decades of experience combined with the world class know-how and skills of our employees enabled the Prague branch to become the second largest Commerzbank international hub globally, providing extensive services to Commerzbank worldwide, especially in the area of IT, Finance, Risk Control, Credit Risk management, Human Resources and Procurement.
In Commerzbank you will find yourself supported by a team of nearly 1,000 colleagues locally and over 30,000 co-workers globally, located in more than 40 countries, with diverse talents and backgrounds. We are an equal opportunity employer that strives to enhance our product offering by hiring individuals driven to create positive impact in the banking world.
Contact
lenka.novackova@commerzbank.com
Your application process
If you are interested in the position and you fulfill the requirements, please send us your CV in English and a brief cover letter. Thank you!