Company Overview
Targray - Building sustainable solutions for a world in transition.
Established in 1987 in Montreal, Canada, Targray is a global leader in the sourcing, transportation, storage, trading and distribution of commodities and advanced materials for a broad range of industry sectors. Our supply solutions help reduce the world's carbon footprint while enabling our customers to create safer, more reliable products for consumers.
Targray has operations in 11 countries and over $1B USD in annual sales. In 2019, the company made its debut appearance on the FP500, Financial Post’s ranking of the top 500 corporations in Canada by revenue.
- Great Place to Work® | Best Workplaces in Quebec (2020, 2021, 2022)
- Deloitte | Best Managed Companies (2019 - 2022)
- EY Canada | Quebec Entrepreneur of the Year (2016)
- HSBC | International Business Award (2012)
- Profit 100 Fastest-Growing Companies in Canada (2006, 2009)
Job Summary
We are looking for a Senior Risk Advisor to join our team in Gurgaon, Haryana, India.
In this key role, the Senior Risk Advisor will supervise the local Market Risk team and play a pivotal part in implementing and maintaining internal processes and controls related to financial derivatives (futures, swaps, options) across the organization.The Senior Risk Advisor will collaborate with internal stakeholders, including the front office, finance, accounting and IT teams, particularly in the deployment of new processes, tools and systems, such as the new CTRM and ERP platforms. As the primary point of contact for all derivatives operations within the Finance and Risk departments, the Senior Risk Advisor will report directly to the Head of Market Risk Management.
Responsibilities
- Oversee daily derivatives activities and ensure timely resolution of any issues by the team.
- Identify existing and potential risks within the derivatives markets and recommend effective portfolio management.
- Design and implement robust internal controls and processes for derivatives, validated by stakeholders across middle office, front office, finance, and accounting.
- Act as the primary point of contact for brokers, clearers, and financial institutions regarding derivatives trading matters (e.g., account creation, futures settlement).
- Serve as the subject matter expert on derivatives in the ongoing CTRM and ERP implementation projects.
- Collaborate with IT to develop tools and models that enhance market risk monitoring and derivatives exposure management.
- Lead market risk reporting efforts and provide support to local risk analysts in responding to traders' queries and management requests.
- Build and maintain strong relationships with trading teams, gaining an in-depth understanding of current and future trading strategies.
- Proactively identify opportunities for improvement in Market Risk and Financial derivatives practices and make actionable recommendations to senior leadership.
- Stay current on relevant laws, regulations (e.g., Dodd-Frank, EMIR, MiFID II), and industry best practices to ensure compliance with risk management standards.
- Work closely with Finance/Accounting on derivatives results allocation across portfolios and strategies.
- Work closely with Treasury/Trade Finance teams with settlements/funding requirements
Requirements
- Bachelor's or master's degree in risk management, Business Administration, Finance, or a related field
- At least 5 to 7 years of experience in a similar role within commodity trading companies
- At least 3 to 5 years of experience as a team lead, with a proven track record of improving team performance
- Detail-oriented with a strong analytical mindset and excellent problem-solving skills
- Ability to work under pressure and during irregular hours when required
- Collaborative team player with excellent interpersonal and communication skills
- Strong sense of responsibility, professionalism, and ethics in all work-related matters
- Excellent verbal and written communication skills, with fluency in English
- Proficient in Microsoft Office Suite (Excel, Word, PowerPoint, etc.) with experience in building risk models using Python, R, SAS, or similar programming languages.
- A competitive remuneration plan and an excellent working environment in a growing multinational organization.
- Beautiful, spacious, and modern workplace environment.
- Flexible work arrangement policy.
- Generous company-wide profit-sharing plan.
- Off-site Team Building and experiential development.
- Life Insurance and Accidental Insurance for Self.
- Free Medical Insurance for Self and Family.
- Healthy lunch and dinner program with fresh meals served daily.
- Gym Benefits.
- Corporate Team Fun Activities.
Diversity & Inclusion
Diversity and inclusiveness are at the heart of who we are and how we work. We are committed to fostering an environment where differences are valued, policies and practices are equitable, and our people feel a sense of belonging. We welcome and embrace the diverse experiences, abilities, backgrounds, and perspectives that make our people unique and help guide us. When people feel free to be their authentic selves at work, they bring their best and are empowered to build a better working world.
For more information about our company, please visit https://www.targray.com/
What We Do
Targray is an international leader in the sourcing, transportation, storage, financing and supply of sustainable materials & commodities for the renewable fuels, solar, battery, carbon trading and agricultural commodities sectors. From solar glass and lithium-ion cells, to bio-based fuels, our material solutions help reduce the world’s carbon footprint while enabling technology providers to create more efficient, better performing products for consumers. SOLAR Targray is a major international provider of PV materials and supply chain solutions for solar manufacturers, EPCs, installers, contractors and project developers. BIOFUELS & FEEDSTOCK Supported by a dedicated rail fleet and terminal network, our Biofuels business is one of the largest suppliers of biodiesel fuel and feedstock in North America and Europe. COTTON Our sustainable cotton business connects raw cotton suppliers, traders and end users around the globe through integrated sourcing, logistics, sales and distribution activities. BATTERY MATERIALS Targray is a leading supplier to the battery manufacturing and R&D sector. The company's extensive battery materials portfolio is a trusted source for customers in over 50 countries. ENVIRONMENTAL COMMODITIES Targray’s Environmental Commodities business engages in the trading and supply of carbon credits, carbon offsets and renewable energy certificates (RECs) for compliance and voluntary carbon markets around the world. ABOUT Targray is a diversified multinational Canadian corporation founded in 1987 in Montreal, Canada, and headquartered in the nearby city of Kirkland since 2008. The company’s footprint spans the globe with offices in Switzerland, Czech Republic, Germany, Dubai, India, China, Brazil and Australia
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