Lead Risk Manager

Orsted; Gentofte Kommune; Hybrid; DKK 1,000,000 - 1,400,000; Full time

Job summary

Orsted is seeking a senior risk professional to design and maintain a robust risk management framework for material revenue risks in energy trading. You will provide transparent portfolio-level insights and independently assess complex trading and hedging exposures.

Joining Oversight & Advisory in Group Revenue Risk, you will identify, measure, limit, and monitor material risks, support risk owners, and contribute to a strong risk culture through rigorous methodologies and clear communication.

Qualifications

• Advanced quantitative degree required.
• Experience in energy or financial markets is essential.
• Strong knowledge of VaR, ES, stress tests, and portfolio risk.
• Ability to review model assumptions and payoff structures.

Responsibilities

• Design and maintain risk framework and risk-limit hierarchy.
• Provide independent second-line oversight of material revenue risks.
• Assess transactions and identify key risk drivers.
• Review methodologies for Revenue at Risk, VaR, ES, and stress testing.
• Build and validate asset and portfolio risk models.
• Provide consolidated risk transparency to stakeholders.

Skills

Quantitative degree

Market-risk experience

VaR / ES knowledge

Model validation

Education

Advanced degree in economics/math/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.