Market Risk Analyst

JR United Kingdom; Norwich; On-site; GBP 40,000 - 60,000; Full time

Job summary

A leading company in the energy sector is seeking a Market Risk Analyst to implement risk models and tools for their Market Risk team. Candidates should have a numerate degree and at least two years of experience within the energy sector. Responsibilities include conducting portfolio analyses, managing exposures and limits, and developing risk proposals. Strong Excel and programming skills are essential for this role, which offers a competitive salary and opportunities for professional growth.

Qualifications

• At least two years of experience in the energy sector in risk, pricing, or analytics roles.
• Experience performing risk analysis using Excel or similar applications.
• Strong knowledge of Excel and programming skills in at least one language.

Responsibilities

• Implement and utilise risk models and tools for Market Risk team.
• Perform regular analyses on portfolio including risk topics.
• Review and propose metrics and limits to control exposures.

Skills

Numeracy

Risk Analysis

Analytical Skills

Stakeholder Engagement

Problem Solving

Programming (Python, SQL, R, VBA)

Excel

Education

Numerate degree in Mathematics, Physics, Engineering, Computer Science, Economics, or Finance

Tools

ETRM systems

Trading databases

Job description

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Responsibilities:

1. Implement and utilise risk models and tools for the Market Risk team, such as analysing market liquidity, prices, volatilities, and correlations. Support other business teams in understanding, developing, improving, and adopting these models and tools.
2. Perform regular and bespoke analyses on the company's portfolio, including risk topics related to wholesale markets instruments and exposures, underlying 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 like power, gas, and certificates.
4. Develop market risk proposals, support stakeholder engagement, and update risk policies and frameworks according to new approvals and business changes.
5. Backtest models, tools, limits, and controls; propose enhancements and additional measures.
6. Facilitate operational readiness planning for onboarding new business activities and associated risks.
7. Provide opinions and recommendations on various risk topics to the team and the 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 similar applications, covering prices, market liquidity, portfolio positions, volatilities, correlations, P&L distributions, VaR, risk premia, etc.
• Some exposure to ETRM systems and trading databases.
• Experience reviewing and updating controls and limits on positions and P&L monitoring.
• Proven ability to support proposal drafting and stakeholder engagement processes.
• Experience supporting project planning and implementation, such as onboarding new business activities or system updates.
• Strong knowledge of Excel and programming skills in at least one language such as Python, SQL, R, or VBA.