Market Risk Analyst

JR United Kingdom; City of Edinburgh; On-site; GBP 40,000 - 60,000; Full time

Job summary

A leading company in the energy sector is seeking a Market Risk Analyst in Edinburgh. The successful candidate will implement and utilize risk models and tools, perform analyses on portfolio risks and contribute to managing stakeholder engagement. Candidates should have a numerate degree and experience within the energy sector, particularly in risk analysis roles, along with strong technical skills in Excel and one programming language.

Qualifications

• At least two years of experience in risk, pricing, or analytics roles in the energy sector.
• Strong programming skills in a relevant language.
• Experience performing risk analysis and reviewing controls.

Responsibilities

• Implement and analyse risk models and tools for the Market Risk team.
• Perform analyses covering risks, P&L, and other factors related to the portfolio.
• Propose limits and controls for market risk activities.

Skills

Risk analysis

Mathematics

Excel

Programming (Python, SQL, R, VBA)

Education

Degree in Mathematics, Physics, Engineering, Computer Science, Economics, or Finance

Tools

ETRM systems

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 markets 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 facilitate committee approval processes. Update risk policies and frameworks according to new 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 to the team and business.

Experience:

• A numerate degree in Mathematics, Physics, Engineering, Computer Science, Economics, or Finance.
• At least two years of experience in the energy sector in risk, pricing, or analytics roles.
• Experience performing risk analysis using Excel or other applications, covering 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.
• Support in drafting proposals and papers, managing stakeholder engagement within analytical or commercial contexts.
• Experience supporting project planning and implementation, such as onboarding new business activities or system/process updates.

Technical Skills:

• Strong knowledge of Excel and programming skills in at least one language such as Python, SQL, R, or VBA.