Lead Risk Manager

Ørsted Group; Gentofte Kommune; On-site; DKK 900,000 - 1,300,000; Full time

Job summary

Ørsted Group is seeking a senior risk professional to design and maintain a risk framework for material revenue risks and to provide independent, portfolio-level insights. The role combines quantitative analysis with sound risk judgement to support decisions and risk control.

You will contribute to oversight of revenue risks from energy prices, production, and trading activities, and help identify, measure and monitor material exposures while challenging first-line risk owners.

Qualifications

• Requires advanced quantitative degree with practical risk experience.
• Deep knowledge of VaR, ES, stress testing and risk decomposition.
• Ability to review and challenge risk models, hedging and limits.
• Strong communication to influence diverse stakeholders.

Responsibilities

• Design and maintain the risk framework and risk-limit hierarchy across material revenue risks.
• Assess standard and bespoke transactions, identify key risk drivers and tail risks.
• Review methodologies for Revenue at Risk, Value at Risk, ES and firm-wide stress tests.
• Build and validate asset and portfolio risk models and their assumptions.
• Provide consolidated, decision-ready risk transparency of overall position and exposures.
• Guide first-line risk owners on models, hedging strategies and risk controls.

Skills

Advanced quantitative degree

Market-risk experience

Value at Risk (VaR)

Expected Shortfall

Stress testing

Model sensitivities

Risk reporting

Communication

Stakeholder influence

Education

Master's/PhD in Economics/Math/Statistics/Physics/Quantitative Finance

Job description

Join us in this role where you’ll design and maintain a risk management framework for material revenue risks, provide transparent portfolio-level insights, and independently assess complex trading and hedging exposures. You’ll combine quantitative analysis with holistic risk judgement to support sound decisions and effective risk control.

Welcome to Group Revenue Risk :

You’ll be part of Oversight & Advisory where you together with your colleagues will provide independent second-line oversight of revenue risks from energy prices, production volumes, operating assets, and trading activities. You’ll help identify, measure, limit, and monitor material risks, while constructively supporting and challenging first-line risk owners.

As a team, we share expertise, challenge ideas with care, and succeed as one in building a strong and transparent risk culture.

You’ll play an important role in:

• designing and maintaining the risk framework, including the risk appetite statement and risk-limit hierarchy across material revenue risks
• assessing standard and bespoke transactions, identifying their key risk drivers, non-linear payoff structures, embedded optionality, and tail risks
• reviewing and enhancing methodologies for Revenue at Risk, Value at Risk, Expected Shortfall, and firm-wide stress and scenario testing
• building, reviewing, and validating asset and portfolio risk models, including assumptions, sensitivities, data, and portfolio risk decomposition
• providing consolidated and decision-ready risk transparency, including the organisation’s overall position and material exposures
• guiding and constructively challenging first-line risk owners on models, hedging strategies, limits, and risk-management practices.

To succeed in the role, you:

• hold an advanced quantitative degree in economics, mathematics, statistics, physics, quantitative finance, or equivalent experience
• bring practical market-risk experience from energy or financial markets and understand how trading, hedging, and portfolio decisions shape risk
• have strong knowledge of Value at Risk, Expected Shortfall, stress and scenario testing, portfolio risk decomposition, and model sensitivities
• can review model assumptions, and complex payoff structures to form an independent view of risk
• use structured thinking and sound judgement to distinguish material exposures from less significant risk components
• communicate complex analysis clearly, influence diverse stakeholders constructively, take ownership, and follow through on agreed deliveries.

Maybe you’ve read the above and can see you have some transferable skills, even though they don’t quite match all the points. If you think you can bring something to the team, we still encourage you to apply.