Commodities Market Risk Analyst - LNG, Power & Emissions

Morgan McKinley; Greater London; On-site; GBP 65,000 - 110,000; Full time

Job summary

Morgan McKinley is seeking a Market Risk Analyst specialized in LNG, Power and Emissions to support real-time front-line control and business information for management and traders. You will handle daily P&L, risk reporting and risk analysis while contributing to ETRM system improvements and broader commercial activities.

You will work with a team to monitor risk limits, analyze PnL drivers, and provide timely commentary for risk committees, ensuring compliance and robust controls across front

Qualifications

• University degree in a numerate discipline.
• Relevant experience in a market risk role within a commodity trading environment.
• Strong knowledge of LNG, Power and Emissions markets.
• Strong knowledge of risk metrics such as VaR, stress-testing, scenario analysis.
• Proficiency in MS Office including Excel; knowledge of VBA, Python, Matlab or SQL is a plus.
• Knowledge of Endur ETRM system would be an advantage.
• Strong organisation skills and attention to detail.

Responsibilities

• Prepare and review daily P&L and risk reports, monitoring limits and issues with relevant teams.
• Analyze PnL by trading strategy and drivers (commodity moves/FX/IR/Greeks).
• Ensure risk limits are adhered to and manage mitigation actions for breaches.
• Support senior management with significant risk drivers and transparency.
• Assist front office with approvals for new/non-standard products.
• Define forward curves methodologies for mark-to-market and fair value reporting.
• Contribute to month/quarter/year-end closing and reconciliation with Back Office.
• Provide information and commentary for Risk Committee meetings.
• Review changes to the Endur ETRM system and ensure regulatory/compliance controls.
• Maintain knowledge of current Power, Emissions and LNG market signals and trends.

Skills

Market risk

LNG market knowledge

Power & Emissions markets

VaR & stress testing

Excel & VBA

Python / Matlab / SQL

Endur ETRM

Communication

Attention to detail

Education

Numerate degree

Tools

Endur ETRM

Job description

Commodities Trading house seeks a Market Risk Analyst (LNG, Power, Emissions) to work on real-time front-line control and business information for the management and traders, including daily PNL, risk reporting and risk analysis, participating also in projects to improve the ETRM and to support broader commercial activities.

The firm is at the forefront of the energy industry, specializing in exploration,

production, transport, and marketing of oil, natural gas and biofuels.

Main responsibilities:

• Prepare and review daily P&L and risk reports, monitoring limits, and proactively resolving any issues in coordination with the relevant teams.
• Analyse PnL by trading strategy and by PnL drivers (commodity market moves/FX/IR/option Greeks).
• Ensure that all risk limits are adhered to and deal with any mitigating actions following the breach of such limits (e.g. monitoring the unwinding of the related positions) and assist in implementing new limits/reallocating existing ones when necessary;
• Assist with identifying significant risk drivers within the business, ensuring transparency with senior management;
• Support front office in obtaining approval for new and non-standard products.
• Assist with defining forward curves methodologies for accurate mark to market and fair value reporting.
• Contribute to the month/quarter/year-end closing and reconciliation activities with Back Office/Accounting teams.
• Provide information and commentary for the bi-weekly Risk Committee meetings.
• Review and approve any relevant changes to the main ETRM system (Endur).
• Guarantee compliance of trading procedures with relevant controls and support when necessary internal and external audit requests.
• Maintain a strong knowledge of current Power, Emissions and LNG market signposts and trends.

Skills and experience required:

• University degree in a numerate discipline (e.g. economics, mathematics, pure science, finance, engineering or similar).
• Relevant experience in a market risk role within a commodity trading environment.
• Strong knowledge of LNG, Power and Emissions markets.
• Strong knowledge of risk metrics such as VaR, stress-testing, scenario analysis.
• Strong knowledge of MS Office suite including Excel and VBA. Knowledge of Python, Matlab and SQL would be a plus.
• Knowledge of the Endur ETRM system would be an advantage.
• Strong organization skills with good attention to detail and the ability to work to tight deadlines.
• Strong communication skills, able to communicate concisely with senior management in the market risk function and with all stakeholders.
• Results-oriented and proactive approach.