Commercial Risk Analyst

PetroChina International (Netherlands) Company B.V.; City Of London; On-site; GBP 70,000 - 90,000; Full time

Job summary

A global energy firm is looking for a Commercial Risk Analyst to support its Gas, LNG, Power, and Emissions trading teams in London. This role involves daily P&L reporting, monitoring trading books, and providing analysis to the upper management. Candidates should have relevant degree education or experience, strong understanding of P&L attribution, and good skills in communication and analytics. The position offers a competitive salary and a comprehensive benefits package.

Benefits

Discretionary bonuses based on performance

Private medical insurance

Gym reimbursement scheme

10% contributory pension scheme

25 days yearly holiday allowance

Qualifications

• Degree level education, preferably in relevant fields or with appropriate work experience.
• Experience in an energy commodity role focusing on risk or front office functions.
• Understanding of P&L attribution and valuation.

Responsibilities

• Conduct daily position and P&L reporting for Gas, Power, LNG, Emissions, and FX.
• Ensure trading books adhere to Delegation of Authority and risk limits.
• Provide commentary on book performance and strategy to various audiences.

Skills

Energy commodity knowledge

P&L attribution

Risk measurement tools

Analytical mindset

Communication skills

VBA/Python/SQL proficiency

Education

Degree in Business/Finance/Banking/Mathematics/Statistics/Engineering

Tools

Endur/EOS

Job description

Commercial Risk Analyst

Application Deadline: 30 January 2026

Department: Risk Control

Employment Type: Permanent - Full Time

Location: London, UK

Description

We are hiring for an experienced analyst within our key Commercial Risk team, with a focus on supporting the Gas, LNG, Power & Emissions trading teams. This role offers exposure to all parts of the business, from partnering with the front office to various parts of the middle and back office e.g. Risk, Finance, Credit, IT and more.

The team provides a key function to the business, supporting the management and monitoring of the company’s risk exposures and valuations. This requires a broad, experienced knowledge base, from understanding market movements and trading strategies across various commodities, to helping to maintain and improve ETRM applications. The role requires deep insight into commodities trading and risk management; physical/paper exposure management, FX exposure, VaR, P&L valuation.

The role can expand with time to bring exposure to other commodities, such as Crude, Biofuels, Refining, Oil Products and develop further leadership accountabilities.

Key Responsibilities

• Responsible for the daily position and P&L reporting for Gas, Power, LNG, Emissions and FX teams providing commentary on key value generators and changes. Attributing and communicating in a meaningful way.
• Review trading books are within Trading Delegations of Authority, and to ensure the hedging is carried out correctly each day, including hedging of trading FX exposure.
• Monitor traders exposures and adherence to Delegation of authorities and risk limits
• Perform daily hedge process as required.
• Daily interaction with relevant trading desks and other front/middle office departments to support business risk management requirements.
• Provide regular commentary on book performance and strategy, showing clear understanding and control to a variety of audiences.
• Provide management information and analysis as required and to proactively seek to provide business beneficial commercial analysis.
• Responsible for weekly/monthly/quarterly controls and input into financial close processes as required for designated business area.
• Support the wider team by utilising cross cover capabilities for other team members and to support overall team flexibility.

Skills, Knowledge and Expertise

• Degree level education, preferably in Business/Finance/Banking/Mathematics/Statistics/Engineering, or with appropriate work experience.
• Proven experience an energy commodity, Gas, Power, LNG, Emissions in a risk or front office role.
• Deep understanding of P&L attribution and valuation
• Understand standard Risk measurement tools e.g. VAR, Stress Testing and Options
• Commercially aware with proven ability to provide input to new business initiatives and models.
• Good communication skills, ability to interact with a variety of people. Analytical and detailed oriented mindset
• Able to take, and maintain, an independent approach and challenge where appropriate.
• Proficiency in VBA/Python/SQL is desirable
• Knowledge of Endur/EOS will be beneficial

Benefits

The role offers a competitive salary commensurate with experience, as well as the opportunity to be awarded discretionary bonuses based on performance and a comprehensive benefits package including private medical insurance, travel insurance and dental insurance, gym reimbursement scheme, 10% contributory pension scheme, and 25 day yearly holiday allowance.