Market Risk Analyst

Richard James Recruitment; London; On-site; GBP 60,000 - 75,000; Full time

Job summary

A leading company in the energy sector is seeking a Market Risk Analyst to oversee risk exposures within its commodity portfolios. The role requires keen analytical skills and collaboration across various teams to enhance risk models and reporting tools, with a focus on financial markets and regulatory compliance. The ideal candidate should possess experience in energy commodities and demonstrate proficiency in tools like Python and Power BI.

Qualifications

• Strong interest in financial markets and risk management concepts.
• 2-3 years of experience in the energy commodity sector preferred.
• Familiarity with regulatory frameworks (FRTB, Basel III).

Responsibilities

• Monitor daily market risk exposure across energy commodity portfolios.
• Calculate key risk metrics (VaR, stress testing).
• Support implementation and back testing of risk models.

Skills

Financial markets understanding

Risk management concepts

Proficiency in Excel

Attention to detail

Written and verbal communication skills

Tools

Python

SQL

Power BI

VBA

Tableau

Job description

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Our client is a marketing and trading business supporting global energy operations. They are involved in equity production marketing, third-party trading, shipping, storage, and derivatives. The organisation operates across global time zones and continues to grow its European customer base across a range of energy products.

Due to continued expansion, we are seeking a Market Risk Analyst to join the team. The successful candidate will be responsible for monitoring risk exposures across both physical and financial energy commodity portfolios, calculating Value at Risk (VaR) and stress scenarios, and providing insight into market movements, forward curves, and trading P&L drivers. The role involves close collaboration with front office and control teams to manage risk limits, support hedging decisions, and enhance risk models and reporting tools.

RESPONSIBILITIES

• Monitor and analyse daily market risk exposure across energy commodity portfolios (e.g., crude oil, LPG, natural gas, power, carbon)
• Calculate and validate key risk metrics, including Value at Risk (VaR), stress testing, scenario analysis, and mark-to-market P&L attribution
• Track and interpret movements in commodity prices, forward curves, volatilities, and basis risks.
• Collaborate with trading, risk control, and finance teams to investigate and explain material P&L and risk drivers
• Support the implementation and back testing of risk models and assumptions specific to physical and financial commodity products
• Ensure compliance with internal risk limits/Control policy and escalate breaches or anomalies in a timely manner
• Assist in reporting to senior management and external regulators, aligned with risk governance frameworks (e.g., ICE, FCA, EMIR, REMIT)
• Contribute to continuous improvement in risk reporting tools, dashboards, and processes using tools like Python, Power BI, or SQL
• Understand and monitor optionality, storage exposure, logistics constraints, and hedging effectiveness related to energy trading strategies

EDUCATION/ QUALIFICATIONS

SKILLS & COMPETENCIES

• Strong interest in financial markets and risk management concepts
• Basic understanding of key financial instruments (bonds, options, swaps, futures) and market risk metrics (VaR, Greeks, sensitivities)
• Proficiency in Excel; knowledge of Python, SQL, or VBA is a plus
• Attention to detail and ability to work under pressure in a fast-paced environment
• Strong written and verbal communication skills, with the ability to collaborate effectively across functions
• Prior internship or placement year in a financial institution is advantageous.
• Familiarity with risk systems (e.g., Murex, Bloomberg, Risk Watch, or internal VaR engines).
• Understanding of regulatory frameworks (e.g., FRTB, Basel III, PRA guidelines).
• Experience with data visualization tools (e.g., Power BI, Tableau) for reporting.

EXPERIENCE

• At least 2-3 years prior experience in the energy industry, particularly with commodities such as crude oil, is preferred.