Market Risk Analyst

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

Job summary

A leading company in the energy sector is looking for a Market Risk Analyst to implement and manage risk models, perform detailed analyses, and engage with stakeholders to support business activities. Candidates should possess a numerate degree and have at least two years of experience in a relevant risk or analytical role. Strong skills in Excel and programming in languages like Python or SQL are essential for success in this role.

Qualifications

• Numerate degree in Mathematics, Physics, or similar required.
• Minimum two years' experience in risk analysis within the energy sector.
• Strong Excel skills and programming ability in Python, SQL, R, or VBA.

Responsibilities

• Implement risk models for market risk analysis and support other teams.
• Perform analyses on risk topics covering market instruments and exposures.
• Develop market risk proposals and facilitate stakeholder engagement.

Skills

Analytical skills

Risk Analysis

Excel

Python

SQL

R

VBA

Education

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

Job description

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• Implement and utilise risk models and tools for the Market Risk team, such as for analysing market liquidity, prices, volatilities and correlations amongst other factors. Investigate and understand risk models and tools on behalf of other business teams, supporting their development,

improvement and adoption.

• Perform regular and bespoke analyses across the company’s existing and expanding portfolio, on risk topics covering wholesale markets instruments and exposures, underlying positions, risks and P&Ls, as well as scenarios,

stresses, VaR and other key factors.

• Review and propose metrics and limits to facilitate appropriate control over exposures, positions, values and risks across all market risk-generating business activities, to include commodities such as power, gas, and

certificates.

• Develop market risk proposals and support the stakeholder engagement and committee approval processes. Update risk policies and frameworks in line with with new approvals and business changes.

• Backtest models, tools, limits, and controls, proposing enhancements and additional measures.

• Facilitate operational readiness planning and implementation to support the department and the wider organisation in onboarding new business activities and their associated risks.

• Provide opinion and recommendations to the team and the business on an array of risk topics

Experience :

•A numerate degree such as in Mathematics / Physics / Engineering /Computer Science / Economics / Finance.

• At least two years’ experience in the energy sector in a risk, pricing or analytics role.

• Performed risk analysis in Excel or other applications, on aspects such as prices, market liquidity, portfolio positions, such as computing volatilities, correlations, P&L distributions, value-at-risk, risk premia, etc.

• Some exposure to ETRM systems and trading databases.

• Reviewed and updated controls and limits such as on positions and P&Ls for monitoring business activities.

• Supported the drafting of proposals and papers, and successfully managed stakeholder engagement processes within an analytical or commercial context.

• Experience of supporting the planning and implementation of projects, such as onboarding new business activities, making system or process updates, etc.

•Strong knowledge of Excel and some ability to program in at least one language, such as Python, SQL, R or VBA.