Twenty Energy; on behalf of a leading commodities trading house, are currently recruiting for a Market Risk Analyst to join a growing team in their London office.
The successful candidate will continuously be challenged around risk measurement & methodology, and will have daily interaction with the Front Office. The analyst will play a key role in assisting Senor Management to manage risk and to continuously develop the function.
The role will allow the successful candidate to gain an in-depth understanding of Energy Markets in which the business operates and a thorough understanding of Energy Risk Management. The broad commercial exposure will also allow the successful candidate to gain a wider understanding of the business and to contribute to its continual growth and development.
- Calculation and analysis of daily Market VaR and regular back testing; working on investigation and analysis of risk.
- Engaging in analytical review of changes in market risk applications, models and methodologies for quantifying market risks across the business.
- Quantitative analysis of new deals and embedded risks from a market risk perspective using simulation based modelling and other methods. Contributing to strategic paper and new business reviews and providing analytical advice/support/view on market risks.
- Working with relevant business unit teams to formulate new risk frameworks, limit structures, and integrate changes into the current policies, processes and systems.
- Reviewing Reports produced by the Product Control team, daily monitoring of trading portfolios, and keeping abreast of developments in the energy markets.
- Demonstrable market risk experience gained within an energy/oil company, trading house, ideally with exposure to UK and EU Power and Gas (including LNG).
- Strong understanding of risk management of complex energy assets (specifically in Gas and Power) and risk methodologies such as VaR, PaR, and Option valuation theory.
- Strong mathematical and modelling skills are required, ideally a graduate from a numerate degree.
- Well-developed IT skills including advanced Excel (VBA) or programming language such as Python.