Lead Risk Manager

Ørsted; Gentofte Kommune; On-site; DKK 50,000 - 80,000; Full time

Benefits offered by this job

Pension 11%

Insurance coverage

5 weeks holiday

Holiday allowance 3%

Vitality program

Company canteen

Job summary

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

You will combine quantitative analysis with sound judgement to support decisions and establish robust risk controls across energy markets. The role emphasizes collaboration and clear communication with stakeholders.

Qualifications

• 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 trading, hedging, and portfolio decisions.
• Strong knowledge of Value at Risk, Expected Shortfall, stress testing, and risk decomposition.

Responsibilities

• Designing and maintaining the risk framework and risk-limit hierarchy across material revenue risks.
• Assess standard and bespoke transactions, identifying key risk drivers and tail risks.
• Reviewing methodologies for Revenue at Risk, Value at Risk, and portfolio stress testing.
• Building, reviewing, and validating asset and portfolio risk models and decompositions.
• Providing consolidated and decision-ready risk transparency to stakeholders.
• Guiding first-line risk owners on models, hedging strategies, and risk-management practices.

Skills

Quantitative degree

Market risk

Risk modelling

Quantitative finance

Education

Advanced quantitative degree

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.

Position salary range:

For this position, the expected base pay range is kr50,000.00- kr80,000.00 for the advertised location. The offered base salary will be determined within this range based on relevant skills, experience, and expected role fulfilment within the stated pay range to ensure a fair and competitive offer. Where applicable, you may also be eligible for variable payment and a comprehensive benefits package.

Our benefits package:

• employer-paid pension (11% contribution)
• full insurance coverage (accident, life, critical illness, and health insurance)
• five weeks of paid holiday plus 10 additional paid days off per holiday year
• a 3% holiday allowance
• access to Ørsted Life & Fitness Vitality including fitness classes, physiotherapy, massage, and wellbeing programmes
• a multimedia package (mobile phone, PC, internet)
• staff club membership with sport and cultural activities
• and access to the company canteen (monthly lunch scheme or daily tickets)

Pre-employment background check:

Certain positions may require a background check as part of the hiring process. If applicable, you will be informed during the recruitment process. Background checks are conducted by an external provider in accordance with local legal requirements.