Market Risk Analyst

Centrica; City Of London; On-site; GBP 45,000 - 65,000; Full time

Job summary

A leading energy company in London is seeking a Market Risk Analyst to join their Group Financial Risk team. This role involves assessing risk exposures in commodity markets and collaborating across various business units to deliver insights for C-suite decision-making. The ideal candidate will have a degree in a quantitative discipline and experience in risk management techniques. Strong proficiency in Microsoft tools, along with excellent communication skills, is essential.

Qualifications

• Experience in commodity price risk management, preferably within the energy sector.
• Strong grasp of risk management techniques (e.g. VaR, stress testing, option theory).
• Excellent problem-solving and communication skills.

Responsibilities

• Designing, maintaining, and operating Group-level risk models and methodologies.
• Building strong relationships with Business Unit Risk teams.
• Preparing consolidated financial risk reports for senior leadership.
• Monitoring compliance with Group-level risk limits.

Skills

Commodity price risk management

Risk management techniques (VaR, stress testing)

Microsoft Power BI

Analytical skills

Problem-solving

Communication skills

Education

Degree in an analytical or quantitative discipline

Tools

Microsoft Power Query

Job description

About your role

We are looking for a Market Risk Analyst to join our Group Financial Risk team! As a Market Risk Analyst within Centrica's Group Financial Risk team, you'll play a pivotal role in identifying, analysing, and communicating Group-level Market and Credit Risk exposures arising from our activities in commodity markets. Collaborating across all areas of the business, you'll use Group-level risk models to assess portfolio-level risks and deliver insights that inform C-suite decision-making.

You'll apply your market expertise to support modelling, review new transaction types, and provide ad hoc risk support to Business Units without dedicated Financial Risk functions.

Responsibilities

Reporting to the Head of Group Financial Risk, you'll ensure financial risks across the Group are effectively measured, monitored, and managed. Your responsibilities include:

• Designing, maintaining, and operating Group-level risk models and methodologies.
• Building strong relationships with Business Unit Risk teams to ensure alignment and collaboration.
• Reviewing and enhancing market risk models and applications across the Group.
• Preparing consolidated financial risk reports for senior leadership, combining Group and Business Unit insights.
• Monitoring compliance with Group-level risk limits across market, liquidity, and credit domains.
• Supporting senior management's understanding of financial risk exposures.
• Identifying process improvement opportunities aligned with Centrica's finance transformation agenda.
• Regularly reviewing and updating Group risk policies to reflect business growth.
• Facilitating parental company guarantees for Centrica businesses.
• Providing financial risk expertise to non-trading business units.
• Contributing to the digitisation of risk processes.
• Applying commodity market knowledge to develop stress testing scenarios.

Qualifications

• Experience in commodity price risk management, preferably within the energy sector.
• Strong grasp of risk management techniques (e.g. VaR, stress testing, option theory).
• Proficiency in Microsoft tools (e.g. Power BI, Power Query).
• A degree in an analytical or quantitative discipline.
• Knowledge of financial risk governance, reporting, and controls.
• Excellent problem-solving and communication skills.
• Ability to navigate and analyse complex business structures.
• Highly organised, hands‑on, and detail‑oriented.
• Capable of producing high‑quality work with minimal supervision.