Market Risk and Middle Office Manager

Harbour Energy; Greater London; On-site; GBP 90,000 - 130,000; Full time

Job summary

Harbour Energy, headquartered in London, seeks an experienced market risk professional to identify, monitor, and challenge exposures across commodity, FX and interest-rate trading. You will ensure accurate capture and reporting of group trading activities and support lifecycle controls to maintain robust risk reporting.

You will help build trading risk management capabilities, analyze P&L and MTM valuations, and contribute to risk mitigation strategies in a dynamic energy market.

Qualifications

• Significant experience in middle office, product control or market risk management in energy or commodities.
• Strong understanding of financial markets, derivative products, and risk management principles.
• Advanced Excel is a must; knowledge of SQL/Database queries, PowerBI and Python is an advantage.
• Knowledge of quantitative analysis techniques, statistical modeling, and risk software (VaR, stress testing, Monte Carlo).
• Excellent analytical and problem-solving skills, with the ability to interpret complex data and trends.

Responsibilities

• Identify, monitor, report, and challenge exposure to market and trading risks across Harbour Energy’s global business.
• Ensure accurate capture, valuation and reporting of group trading activities and lifecycle controls.
• Help foster a culture of continuous improvement, innovation, and high performance in corporate finance, market and trading teams.
• Act as an independent controls function to ensure hedging and trading activities stay within risk appetite and policies.
• Develop and implement trading risk mitigation strategies, including VAR limits and risk capital.

Skills

Market risk

Hedging

Advanced Excel

SQL queries

PowerBI

Python

Communication

Analytical thinking

Education

Bachelor's degree in finance

Tools

PowerBI

SQL

Excel

VaR software

Job description

Since its creation in 2014, Harbour has grown to become one of the world’s largest and most geographically diverse independent oil and gas companies. Today, Harbour is producing between 475,000 and 485,000 barrels of oil equivalent per day with significant production in Norway, the UK, Germany, Argentina and North Africa. Harbour benefits from competitive operating costs and resilient margins, and a broad set of growth options including near-infrastructure opportunities in Norway, unconventional scalable opportunities in Argentina and conventional offshore projects in Mexico and Indonesia. With low GHG emissions intensity and a leading CO2 storage position in Europe, Harbour remains committed to producing oil and gas safely and responsibly to help meet the world’s energy needs. Harbour is headquartered in London with approximately 5,000 staff and contractors across its operations and offices.

Ours is an inclusive workplace where individuals can bring their whole selves to their job and feel recognised for the value they add. We are committed to creating a genuinely inclusive and supportive working environment to ensure everyone has a positive experience at work.

At Harbour Energy, we aim to recruit, retain and promote our people based on their unique skills, regardless of race, gender or background. We need excellent people to help shape and develop the future of our company. Could this be you?

If so, we want to hear from you.

Purpose of Role :

Responsible for:

identifying , monitoring, reporting and challenging exposure to market and trading risks across Harbour Energy’s Global business

Accurate capture, valuation & reporting of group trading activities and the associated end to end lifecycle controls to support this activity

Helping to foster a culture of continuous improvement, innovation, professional development, and high performance in the corporate finance, market and trading team

Critical Responsibilities:

• Ensuring that all activities are carried out in a safe manner complying with all regulatory requirements, legislation and Harbour Energy HSES Procedures

Ethics and Compliance Responsibilities:

• Ensure that all activities and behaviours are carried out in accordance with Harbour Energy’s Ethics and Compliance Policies and Procedures, and to complete any compulsory compliance training as required

Areas of Accountability, Responsibility and Competence:

Acting as an Independent controls function to ensure that hedging and trading activities are conducted within the groups risk appetite and in accordance with its standards and policies

Accurate capture & reporting of exposures across commodity, FX and interest rates

Accurate reporting of P&L and forward MTM valuations for commodity, fx , interest rate trading activities including relevant valuation adjustments.

Helping to build and develop a Full set of life cycle market risk management controls across the group to support accurate risk reporting and valuation.

Helping to build and develop Harbour’s platform, processes and controls in place to support market risk management activities

Constantly seeking to identify areas for improvement, identifying solutions and implementing them

Development and implementation of trading risk mitigation strategies including VAR limits, stop loss or risk capital, and associated monitoring and reporting

Significant e xperience in middle office, product control and/or market risk management in the energy or commodities sector.

Strong understanding of financial markets, derivative products, and risk
management principles.

Advanced Excel a must , knowledge of SQL/Database queries , PowerBI , Python an advantage

Knowledge of quantitative analysis techniques, statistical modeling , and risk management software (e.g., VaR, stress testing, Monte Carlo simulation).

Excellent analytical and problem-solving skills, with the ability to interpret complex data and trends to make informed decisions.

Strong communication and interpersonal skills, with the ability to communicate complex concepts effectively to non-technical stakeholders.

Detail-oriented with strong organizational and time management skills.

Ability to work independently, prioritize tasks, and meet deadlines in a fast-paced, dynamic environment.

Inclusive recruitment is a vital part of our diversity, equity and inclusion strategy. Whatever your background, if you feel you need an adjustment during our selection process to suit your needs, please let us know, and we will be happy to help.