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Market Risk Analyst - Commodities Trading - London

Job Title: Market Risk Analyst - Commodities Trading - London
Contract Type: Permanent
Location: London, England
Industry: energy
Salary: £50000 - £60000 per annum
REF: BBBH16102_1502292862
Contact Name: Matthew Savage
Job Published: 7 days ago

Job Description

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.

Responsibilities

  • 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.

Person Specification

  • 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.