Market Risk Analyst

SOCAR Trading; Greater London; On-site; GBP 70,000 - 90,000; Full time

Job summary

SOCAR Trading is looking for a Senior Market Risk Analyst in London to drive risk management across trading desks focusing on crude and refined products. The role includes leadership in risk oversight, development of risk methodologies, and independent challenge to trading strategies.

The ideal candidate will have 6–10 years experience in market risk within commodity trading and strong technical skills in Python, SQL, and ETRM systems. Join us in enhancing our market risk capabilities.

Qualifications

• 6–10 years in market risk within commodity trading.
• Strong exposure to crude and refined products or gas and LNG.
• Deep understanding of P&L drivers and risk decomposition.

Responsibilities

• Lead market risk coverage for trading desks.
• Enhance risk methodologies and frameworks including VaR and stress testing.
• Oversee daily risk reporting and ensure accuracy for stakeholders.
• Drive development of analytical tools for risk transparency.

Skills

Market risk metrics (VaR, stress testing, sensitivities, Greeks)

Stakeholder management

Communication and presentation skills

Python

SQL

PowerBI

Education

MSc or higher in a quantitative discipline

Tools

ETRM systems

Job description

SOCAR Trading is seeking a Senior Market Risk Analyst to join our Market Risk team. You will play a key role in overseeing risk management across trading desks, with a focus on crude and refined products, while driving the development and enhancement of our market risk framework and capabilities.

What You’ll Do

• Lead market risk coverage for trading desks, ensuring robust risk oversight and challenge.
• Own and enhance risk methodologies and frameworks, including VaR, stress testing, scenario analysis, and limit structures.
• Provide independent risk challenge to trading strategies, positions, and new deal structures.
• Oversee daily risk reporting, ensuring accuracy, timeliness, and relevance for senior stakeholders.
• Drive development of analytical tools and models to improve risk transparency and decision-making.
• Lead key market risk initiatives, including data quality, liquidity assessment, valuation governance, and model validation.
• Partner closely with Front Office, Middle Office, and IT to enhance systems, automation, and ETRM usage.
• Contribute to strategic risk discussions, including portfolio optimization, capital allocation, and risk appetite definition.

What We’re Looking For

Location: London

Education: MSc or higher in a quantitative discipline (Mathematics, Physics, Engineering, Computer Science, Financial Engineering, or similar).

Experience: 6–10 years in market risk within commodity trading, ideally with strong exposure to crude and refined products, or gas and LNG.

Technical Expertise:

• Deep understanding of market risk metrics (VaR, stress testing, sensitivities, Greeks)
• Strong grasp of P&L drivers, valuation, and risk decomposition
• Experience with ETRM systems

IT Skills: Proficiency in Python, SQL, PowerBI.

Languages: English required; additional languages are a plus.

Leadership & Soft Skills:

• Strong stakeholder management and ability to challenge front office
• Excellent communication and presentation skills
• Proven ability to work independently and under pressure