Market Risk Analyst

ENGIE Group; Brussel; On-site; EUR 55,000 - 90,000; Full time

Job summary

ENGIE Belgium is seeking a Market Risk Analyst based in Brussels or Paris. The role combines commodity market knowledge with risk management principles and requires a Master or MBA plus Python coding skills.

You will calibrate risk mandates, challenge Front Office hedging strategies, assess new transactions, and maintain market risk tools while collaborating with stakeholders to implement the global risk framework.

Qualifications

• Master or MBA required with relevant experience in energy and commodities trading.
• Strong understanding of market risk principles and methodologies.
• Proven ability to challenge Front Office hedging strategies.
• Excellent analytical and problem solving skills.
• Strong written and oral communication across levels.

Responsibilities

• Ensure trading activities comply with market risk requirements and limits, reporting and analytics.
• Calibrate and monitor Local and Global Risk Mandates for activities.
• Challenge Front Office hedging strategies to achieve optimal risk/reward.
• Assess risk for new transactions/products requiring validation.
• Maintain and improve Market Risk tools and reporting templates.
• Cooperate with stakeholders to implement the global market risk framework.

Skills

Market risk analysis

Stakeholder communication

Analytical mindset

Education

Master's or MBA

Tools

Python

Job description

Do you combine a good u nderstanding of commodity markets with knowledge of risk management principles and methodologies? Do you like to use your strong analytical skills to dig for root causes and challenge your stakeholders to manage market risks ?

Then this job is for YOU!

For the EGM Market Risk team we are currently looking for aMarket Risk Analyst (F/M/X) based in Brussels or Paris.

YOUR RESPONSIBILITIES as Market Risk Analyst

• Ensure that all trading activities are in line with the market risk requirements of the EGM & S&EM Risk Policy and the approved limits framework by s etting and enforcing market risk limits, reporting and analysing Market risk , tailoring globally consistent monitoring and control processes to suit local requirements and by analysing the market, liquidity, model, and physical risks


• Calibrate, monitor and control Local and Global Risk Mandates for new and existing activities


• challenge of Front Office hedging strategies in a proactive and constructive way ensuring we reach an optimal risk/reward ratio in line with risk appetite;


• Assess the risk for new transactions / products requiring specific market risk validation


• Maintain and improve Market Risk tools and reporting templates;


• Cooperate closely with different stakeholders to ensure coherent implementation of the global market risk framework.

YOUR PROFILE as Market Risk Analyst

• You hold a Master or MBA and have obtained some relevant work experience in energy and commodities trading


• Demonstrated coding skills with Python;


• Understanding of commodity markets, instruments, products to assess their impact on market risk indicators.


• Knowledge of risk management principles, methodologies, and best practices;


• Strong analytical and investigative mindset with the ability to challenge assumptions and identify root causes;


• High level of integrity for work output and able to manage conflicting demands.


• You are able to communicate orally and in writing about complex risk concepts and findings to stakeholders at all levels of the organization;


• You havestrong analytical and problem-solving skills to analyze data, identify trends, and make informed decisions about market risk exposures;

We believe any recruitment decision should be a sustainable one, taken by both parties and in full transparency. Don’t hesitate to reach out in case you have specific questions you want to get answered before applying.

OUR RECRUITMENT PROCESS

• We will start the selection process as from Monday 15th June 2026


• If you are not invited for an interview, we will give you qualitative feedback

MORE ABOUT US

ENGIE Supply & Energy Management (S&EM) provides energy supply solutions and risk management services to support its clients through their decarbonization journey, while optimizing ENGIE’s assets and contributing to value creation.

ENGIE is a global reference in low-carbon energy and services with a leading energy management business, piloted by its entity \" Supply & Energy Management \" who built its savoir-faire managing the Group’s large and diverse asset portfolio over 20+ years.

3,600 employees around the world develop our solutions, through +20 international business platforms. We cover the full energy mix: renewable and thermal power, natural gas & LNG, biomass, environmental products. Our experts provide tailor made solutions based on a wide range of savoir-faire in energy management with a strong focus on decarbonation and decentralization.

Our 190,000 clients span the entire value chain: producers, asset developers, financial players, utilities, distributors and industrials. Our global reach and strong local presence enable us to offer these diverse clients tailor-made services and respond to rapid changes in mature or emerging markets alike.

Our 4 expertise domains are Asset management, Energy transition services, Energy supply & global commodities and Risk management & market access

At S&EM we encourage breakthrough results, team spirit, curiosity and innovation while preserving the right work/life balance for you.

More info on S&EM Hub (https://gems.engie.com) orLinkedIn(https://www.linkedin.com/company/engie-global-energy-management-solutions).

Company Name: ENGIE Belgium

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Why this matters to us

Our organisation is an equal opportunity employer and is committed to fostering a diverse and inclusive workplace. We offer reasonable accommodations upon request for individuals with disabilities.