Market Risk Analyst

JR United Kingdom; Reading; On-site; GBP 45,000 - 60,000; Full time

Job summary

A leading company in the UK is looking for a Market Risk Analyst to join their team. The role involves implementing risk models, conducting detailed analysis on market instruments, and engaging stakeholders for risk proposals. Candidates should possess a numerate degree and relevant experience in the energy sector, ideally with strong skills in risk analysis and programming.

Qualifications

• Experience in the energy sector with at least two years in risk, pricing, or analytics roles.
• Strong knowledge of Excel and programming skills in at least one language.
• Experience in project planning and implementation.

Responsibilities

• Implement risk models and tools for the Market Risk team.
• Perform analyses on risk topics covering market instruments and exposures.
• Develop market risk proposals and engage stakeholders.

Skills

Risk analysis

Numerical analysis

Excel

Programming skills

Education

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

Tools

ETRM systems

Excel

Python

SQL

R

VBA

Job description

Social network you want to login/join with:

Responsibilities:

1. 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.
2. Perform regular and bespoke analyses on risk topics covering wholesale market instruments, 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 and support stakeholder engagement and approval processes. Update risk policies and frameworks as needed.
5. Backtest models, tools, limits, and controls; propose enhancements and additional measures.
6. Support operational readiness planning and implementation for onboarding new business activities and risks.
7. Provide opinions and recommendations on various risk topics.

Experience:

• A numerate degree in Mathematics, Physics, Engineering, Computer Science, Economics, or Finance.
• At least two years’ experience in the energy sector in risk, pricing, or analytics roles.
• Experience performing risk analysis using Excel or similar applications, including prices, liquidity, portfolio positions, volatilities, correlations, P&L distributions, VaR, and risk premia.
• Exposure to ETRM systems and trading databases.
• Experience reviewing and updating controls and limits on positions and P&L.
• Experience supporting proposals, papers, and stakeholder engagement.
• Experience in project planning and implementation, such as onboarding new business activities.
• Strong knowledge of Excel and programming skills in at least one language such as Python, SQL, R, or VBA.