Market Risk Analyst

JR United Kingdom; Colchester; On-site; GBP 45,000 - 65,000; Full time

Job summary

A leading company in the UK energy sector is seeking a Market Risk Analyst to enhance their risk assessment capabilities. The successful candidate will implement and utilize quantitative models to analyze market risks, perform bespoke analyses, and develop risk-related proposals. This role requires a numerate degree and strong experience in risk analysis along with programming skills. Join a dynamic team and contribute to critical decision-making processes.

Qualifications

• At least two years of experience in risk, pricing, or analytics in the energy sector.
• Strong knowledge of Excel and programming in one language like Python or SQL.

Responsibilities

• Implement risk models and tools for the Market Risk team.
• Perform analyses on portfolio covering market instruments and risks.
• Develop market risk proposals and support stakeholder engagement.

Skills

Risk Analysis

Excel

Programming in Python

Programming in SQL

Programming in R

Programming in VBA

Market Analysis

Education

Numerate degree in Mathematics, Physics, Engineering, Computer Science, Economics, or Finance

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 the development, improvement, and adoption of these models and tools across business teams.
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 approval processes, and update risk policies and frameworks as needed.
5. Backtest models, tools, limits, and controls, and propose enhancements.
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 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 similar applications, including volatility, correlation, P&L distributions, VaR, and risk premia.
• Some exposure to ETRM systems and trading databases.
• Experience reviewing and updating controls and limits on positions and P&L.
• Experience supporting proposal drafting and stakeholder engagement.
• Experience supporting project planning and implementation, such as onboarding new business activities.
• Strong knowledge of Excel and programming skills in at least one language like Python, SQL, R, or VBA.