Market Risk Analyst

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

Job summary

A leading company in the energy sector is seeking a Market Risk Analyst to implement risk models and conduct comprehensive analyses of portfolio risks. The role requires strong quantitative skills and experience in the energy market, focusing on enhancing risk management processes and stakeholder engagement.

Qualifications

• Numerate degree required in related fields.
• Minimum two years' experience in energy sector risk roles.
• Strong Excel skills and programming competence needed.

Responsibilities

• Implement and utilise risk models for the Market Risk team.
• Perform analyses on portfolio covering risks and P&L.
• Review and propose metrics to control exposures in market risk.

Skills

Risk analysis

Quantitative analysis

Stakeholder engagement

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, including analysis of 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 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 such as power, gas, and certificates.
4. Develop market risk proposals, support stakeholder engagement, and update risk policies and frameworks according to approvals and business changes.
5. Backtest models, tools, limits, and controls, and propose enhancements.
6. Facilitate operational readiness planning and onboarding of new business activities and risks.
7. Provide opinions and recommendations on 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, including prices, liquidity, portfolio positions, volatilities, correlations, P&L distributions, VaR, and risk premia.
• Exposure to ETRM systems and trading databases.
• Experience reviewing and updating controls and limits on positions and P&L.
• Experience supporting proposals, papers, and stakeholder engagement processes.
• Experience supporting project planning and implementation, such as onboarding new business activities.
• Strong knowledge of Excel and programming skills in at least one language such as Python, SQL, R, or VBA.