Market Risk Analyst

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

Job summary

A leading company in the energy sector seeks a Market Risk Analyst to implement and utilise risk models and support risk analysis across its portfolio. The role requires strong analytical skills, experience in risk management within energy, and expertise in tools like Excel and programming languages.

Qualifications

• Numerate degree required in relevant fields.
• At least two years' experience in risk, pricing or analytics role in energy sector.
• Strong knowledge of Excel and programming in at least one language.

Responsibilities

• Implement and utilise risk models for the Market Risk team.
• Perform regular analyses on risks including P&L and VaR.
• Develop market risk proposals and manage stakeholder engagements.

Skills

Risk analysis

Data analysis

Excel

Programming

Market liquidity analysis

Education

Degree in Mathematics / Physics / Engineering / Computer Science / Economics / Finance

Job description

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• Implement and utilise risk models and tools for the Market Risk team, such as for analysing market liquidity, prices, volatilities and correlations amongst other factors. Investigate and understand risk models and tools on behalf of other business teams, supporting their development,

improvement and adoption.

• Perform regular and bespoke analyses across the company’s existing and expanding portfolio, on risk topics covering wholesale markets instruments and exposures, underlying positions, risks and P&Ls, as well as scenarios,

stresses, VaR and other key factors.

• Review and propose metrics and limits to facilitate appropriate control over exposures, positions, values and risks across all market risk-generating business activities, to include commodities such as power, gas, and

certificates.

• Develop market risk proposals and support the stakeholder engagement and committee approval processes. Update risk policies and frameworks in line with with new approvals and business changes.

• Backtest models, tools, limits, and controls, proposing enhancements and additional measures.

• Facilitate operational readiness planning and implementation to support the department and the wider organisation in onboarding new business activities and their associated risks.

• Provide opinion and recommendations to the team and the business on an array of risk topics

Experience :

•A numerate degree such as in Mathematics / Physics / Engineering /Computer Science / Economics / Finance.

• At least two years’ experience in the energy sector in a risk, pricing or analytics role.

• Performed risk analysis in Excel or other applications, on aspects such as prices, market liquidity, portfolio positions, such as computing volatilities, correlations, P&L distributions, value-at-risk, risk premia, etc.

• Some exposure to ETRM systems and trading databases.

• Reviewed and updated controls and limits such as on positions and P&Ls for monitoring business activities.

• Supported the drafting of proposals and papers, and successfully managed stakeholder engagement processes within an analytical or commercial context.

• Experience of supporting the planning and implementation of projects, such as onboarding new business activities, making system or process updates, etc.

•Strong knowledge of Excel and some ability to program in at least one language, such as Python, SQL, R or VBA.