Market Risk Analyst

JR United Kingdom; Basildon; On-site; GBP 40,000 - 70,000; Full time

Job summary

A leading company in the energy sector is seeking a Market Risk Analyst to implement risk models and perform analyses of market factors. The candidate will support project planning and stakeholder engagement, requiring a numerate degree and strong programming skills. This role offers an opportunity to work with cutting-edge risk management tools and contribute to key business processes.

Qualifications

• Minimum 2 years experience in energy sector risk, pricing or analytics role.
• Strong knowledge in risk analysis procedures and tools.
• Experience supporting project planning for new business.

Responsibilities

• Implement risk models for the Market Risk team and analyze market factors.
• Perform portfolio analyses including P&L and risk factors.
• Develop proposals and support stakeholder engagement.

Skills

Risk analysis

Market liquidity analysis

Portfolio analysis

Excel

Programming in Python

Education

Numerate degree (Mathematics, Physics, Engineering, Computer Science, Economics, Finance)

Tools

ETRM systems

Trading databases

Job description

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Responsibilities:

1. Implement and utilise risk models and tools for the Market Risk team, such as for analysing market liquidity, prices, volatilities, and correlations. Support other business teams in developing, improving, and adopting these models and tools.
2. Perform regular and bespoke analyses on the company's portfolio, covering wholesale market instruments, exposures, underlying positions, risks, P&L, scenarios, stresses, VaR, and other key factors.
3. Review and propose metrics and limits to control exposures, positions, values, and risks across all market risk activities, including commodities like power, gas, and certificates.
4. Develop market risk proposals, support stakeholder engagement, and update risk policies and frameworks in line with approvals and business changes.
5. Backtest models, tools, limits, and controls; propose enhancements and additional measures.
6. Support operational readiness planning and implementation for onboarding new business activities and associated risks.
7. Provide opinions and recommendations on various risk topics.

Experience:

• A numerate degree such as Mathematics, Physics, Engineering, Computer Science, Economics, or Finance.
• At least two years of experience in the energy sector in a risk, pricing, or analytics role.
• Experience performing risk analysis using Excel or other applications, including prices, market liquidity, portfolio positions, volatilities, correlations, P&L distributions, VaR, risk premia, etc.
• Some exposure to ETRM systems and trading databases.
• Experience reviewing and updating controls and limits on positions and P&L monitoring.
• Experience supporting proposal drafting and stakeholder engagement processes.
• Experience supporting project planning and implementation, such as onboarding new business activities.
• Strong knowledge of Excel and programming skills in at least one language such as Python, SQL, R, or VBA.