Market Risk Analyst

JR United Kingdom; Kingston upon Hull; On-site; GBP 45,000 - 65,000; Full time

Job summary

A leading company in the energy sector seeks a Market Risk Analyst based in Kingston upon Hull. The role involves implementing risk models, performing detailed analyses across the portfolio, and engaging with stakeholders to enhance risk management practices. Candidates should have a numerate degree and at least two years of relevant experience, with strong skills in Excel and programming.

Qualifications

• Degree in Mathematics, Physics, Engineering, Computer Science, Economics, or Finance.
• Minimum of two years' experience in risk, pricing, or analytics roles within the energy sector.
• Strong knowledge in Excel and programming skills.

Responsibilities

• Implement risk models and perform analyses on market liquidity, prices, and risks.
• Propose metrics and limits to control exposures and positions.
• Backtest models and recommend enhancements.

Skills

Numerical Analysis

Risk Analysis

Excel

Python

SQL

R

VBA

Education

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

Tools

ETRM Systems

Trading Databases

Job description

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Market Risk Analyst, Kingston upon Hull, East Yorkshire

Location: Kingston upon Hull, East Yorkshire, United Kingdom

Job Category: Other

EU work permit required: Yes

Job Views:

4

Posted:

07.06.2025

Expiry Date:

22.07.2025

Job Description:

Responsibilities:

• Implement and utilise risk models and tools for the Market Risk team, such as for analysing market liquidity, prices, volatilities, and correlations. Support other business teams in developing, improving, and adopting these models and tools.
• Perform regular and bespoke analyses on risk topics across the company’s portfolio, including wholesale market instruments, exposures, positions, risks, P&Ls, scenarios, stresses, VaR, etc.
• 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.
• Develop market risk proposals and support stakeholder engagement and committee approvals. Update risk policies and frameworks accordingly.
• Backtest models, tools, limits, and controls, and recommend enhancements.
• Support operational readiness for onboarding new business activities and associated risks.
• Provide opinions and recommendations on various risk topics.

Experience:

• A numerate degree such as Mathematics, Physics, Engineering, Computer Science, Economics, or Finance.
• At least two years’ experience in the energy sector in risk, pricing, or analytics roles.
• Experience in risk analysis using Excel or similar applications, covering prices, liquidity, portfolio positions, volatilities, correlations, P&L distributions, VaR, etc.
• Exposure to ETRM systems and trading databases.
• Experience in reviewing and updating controls and limits on positions and P&Ls.
• Experience in stakeholder engagement, proposal drafting, and project support.
• Strong knowledge of Excel and programming skills in Python, SQL, R, or VBA.