Market Risk Analyst

JR United Kingdom; Chelmsford; On-site; GBP 45,000 - 70,000; Full time

Job summary

A leading financial company in the energy sector seeks a Market Risk Analyst to develop and enhance risk models and tools. The successful candidate will analyze risks, support stakeholder engagement, and ensure operational readiness for new business activities. Ideal candidates will have a numerate degree and programming experience, alongside a strong knowledge of risk management concepts.

Qualifications

• A numerate degree in a relevant field.
• At least two years of experience in risk, pricing, or analytics roles.
• Strong knowledge of Excel and programming ability in at least one language.

Responsibilities

• Implement and utilise risk models and tools for market analysis.
• Perform risk analyses and propose metrics and limits.
• Facilitate operational readiness for onboarding new business activities.

Skills

Risk analysis

Excel

Programming

Market liquidity

Education

Numerate degree in Mathematics, Physics, Engineering, Computer Science, Economics, or 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 development, improvement, and adoption of these models and tools across business teams.
2. Perform regular and bespoke analyses on risk topics, including wholesale market instruments, exposures, 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 based on approvals and business changes.
5. Backtest models, tools, limits, and controls; propose enhancements and additional measures.
6. Facilitate operational readiness planning for onboarding new business activities and associated risks.
7. Provide opinions and recommendations on risk topics to the team and business.

Experience:

1. A numerate degree in Mathematics, Physics, Engineering, Computer Science, Economics, or Finance.
2. At least two years of experience in the energy sector in risk, pricing, or analytics roles.
3. Performed risk analysis using Excel or other applications, covering prices, market liquidity, portfolio positions, volatilities, correlations, P&L distributions, VaR, risk premia, etc.
4. Some exposure to ETRM systems and trading databases.
5. Reviewed and updated controls and limits on positions and P&L monitoring.
6. Supported drafting proposals and papers, managing stakeholder engagement.
7. Experience supporting project planning and implementation, such as onboarding new business activities.
8. Strong knowledge of Excel and programming ability in at least one language, such as Python, SQL, R, or VBA.