Market Risk Analyst - Energy Markets

ZipRecruiter; London; On-site; GBP 50,000 - 90,000; Full time

Job summary

An innovative commodities firm in London is on the lookout for a Market Risk Analyst to enhance their risk management team. This pivotal role involves measuring, monitoring, and reporting on various risk factors including market, liquidity, and credit risks. The ideal candidate will have a strong quantitative background and proficiency in programming languages like Python or Visual Basic. You will be responsible for maintaining risk monitoring reports, conducting stress tests, and collaborating with global teams. Join this dynamic firm and contribute to their success in the energy markets!

Qualifications

• Degree in a quantitative field such as Mathematics or Engineering.
• Proficiency in Visual Basic or Python for risk monitoring.

Responsibilities

• Maintain and revise risk monitoring reports for market and credit risks.
• Conduct stress tests for liquidity, market, and credit risks.

Skills

Visual Basic programming

Python

Analytical skills

Problem-solving

Communication skills

Education

Degree in Mathematics

Degree in Mathematical Finance

Degree in Physics

Degree in Engineering

Tools

Excel VBA

Openlink Endur

Job description

Job Description

Our client, an interesting London-based Commodities firm, is seeking to hire a Market Risk Analyst to further complement the team.

As part of the second line Risk function, you will ensure that market risk, liquidity risk, credit risk, and operational risks are appropriately measured, monitored, and reported in accordance with company and regulatory policies.

Asset classes covered: metals and energy

Key Responsibilities & Accountabilities

1. Maintain and revise risk monitoring reports (market risk, credit risk, liquidity risk); requiring proficiency in Visual Basic programming or Python.
2. Trade modelling and validation.
3. Configure and model forward pricing curves.
4. Design, conduct, and analyze stress tests for liquidity, market, and credit risks.
5. Maintain and enhance the market risk VaR model, including model backtesting.
6. Oversee new product onboarding, control, and release.
7. Conduct month-end valuation controls (CVA/DVA, model and liquidation reserves).
8. Perform risk control assessments and audits.
9. Implement change management to improve current processes and controls.
10. Complete ad hoc tasks and project work.
11. Liaise with risk teams and trading desks in London, Paris, New York, and Singapore.

Requirements:

1. Degree in a quantitative field such as Mathematics, Mathematical Finance, Physics, or Engineering.
2. Excellent numeracy and analytical skills, combined with strong communication skills.
3. Advanced problem-solving aptitude and intellectual curiosity.
4. Proficiency in Excel VBA or Python.
5. Experience within Market Risk in energy (oil, gas, power) markets.
6. Knowledge of Openlink Endur or similar ETRM systems is highly advantageous.
7. Solid understanding of commodity derivatives.
8. Organized with the ability to work to strict deadlines and multitask.
9. Ability to work independently and as part of a global team.