Market Risk Manager

TN United Kingdom; Greater London; Hybrid; GBP 60,000 - 100,000; Full time

Job summary

An innovative firm is seeking a Market Risk Manager to join their dynamic team in London. This role focuses on overseeing market risk for energy trading, utilizing advanced methodologies like Value at Risk and Stress Testing. You'll lead a team, engage with various business units, and contribute to the transition towards a sustainable energy future. With a commitment to continuous improvement and a supportive culture, this position offers a unique opportunity to make a significant impact in the energy sector. If you are passionate about risk management and sustainability, this is the role for you.

Benefits

Flexible working hours

Career development opportunities

Attractive benefits and rewards

Wellbeing initiatives

International travel opportunities

Qualifications

• Strong knowledge of energy market fundamentals and traded instruments.
• Experience in managing junior resources and promoting risk discussions.

Responsibilities

• Lead market risk oversight for energy trading desks.
• Quantitatively analyze new deals and identify embedded risks.
• Deliver improvements to market risk processes and models.

Skills

Market Risk Management

Value at Risk (VaR)

Stress Testing

Option Pricing

Communication Skills

Problem-Solving Skills

Attention to Detail

Commercial Awareness

Continuous Improvement

Education

Degree in Finance, Economics, or related field

Tools

Power BI

Python

SQL

Endur

EOS

Job description

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We’re so much more than an energy company. We’re a family of brands revolutionising how we power the planet. We're energisers. One team of 21,000 colleagues that’s energising a greener, fairer future by creating an energy system that doesn’t rely on fossil fuels, whilst living our powerful commitment to igniting positive change in our communities. Here, you can find more purpose, more passion and more potential. That’s why working here is #MoreThanACareer.We do energy differently – we do it all. We make it, store it, move it, sell it and mend it.

About your team:

At Centrica Energy, our mission is to move it.

We’re energy movers by nature. We’re a global renewable energy trading company which helps move energy from source to use – powering businesses, homes, and societies as they transition to a new sustainable energy future. If the idea of working to create a sustainable energy future also moves you, we may very well be the right place for you.

Centrica Energy is the trading arm of Centrica. We trade power, gas, LNG, and energy attributes and connect producers, suppliers and off takers in the wholesale energy markets - and we provide our clients with the best route-to-market services available to the market today with physical and financial settlement approaches. In short, we call ourselves Energy Movers By Nature.

We’re a total of 850+ colleagues from over 50 different nations, located in 8 different offices around the world. At our London office, where this role is located, you’ll be joining our international office with over 300 dedicated energy specialists.

The Market Risk Manager will play a key role in controlling and reporting risk and continuously developing the function as Centrica Energy grows and transitions to a multi-location trading model. The role will play an important part in the improvement and development of risk measurement methodologies, processes and procedures whilst having close daily interaction with the front office and business units. The role reports into the Head of Market Risk.

This is an exciting opportunity for a talented and experienced Market Risk professional to be part of an organisation that is focused on maximizing profit from trading gas, power, LNG and Renewables and also functions as intermediary delivering energy from our Upstream and Power Generation teams on one side and British Gas on the other.

The role is based out of our central London office (close to Marble Arch) with 3 days per week based within the office. There is also a requirement for occasional international travel to other Centrica Energy offices.

What you’ll be doing:

Lead the market risk oversight of one of the energy trading desks, being responsible for executing market risk management strategies across gas, power and renewables, creating a strong market risk presence and building strong relationship across Centrica Energy trading business

Manage one or two junior resources, promoting risk discussion on the trading floor, and building best practice within the team

Maintain and share a strong knowledge of trading portfolios, and keep abreast of developments in the energy markets and the potential impact on risk and portfolios

Quantitatively analyse new deals and identify embedded risks using simulation based modelling and other methods

Work with relevant business teams to formulate new business and product frameworks, and integrate changes into the current policies, processes and systems

Deliver improvements to market risk processes, models and methodologies. Including in the space of VaR, stress testing, assessment of risk adjusted return, etc

Support the digitisation of Market Risk at Centrica Energy.

We have a few must-haves:

Strong knowledge of physical and financial energy market fundamentals and traded instruments, ideally power and gas

Excellent knowledge of risk management methods and techniques, including Value at Risk, Stress Testing and Option Pricing

Experience in managing junior resources

Strong commercial awareness, capable of articulating complex deals and providing constructive advice to the Head of Market Risk and Front Office

Ideally proficient in booking systems such as Endur, EOS

Practical experience in Power BI, Python and SQL

Excellent attention to detail and problem-solving skills

Confident, resilient, with a presence and a determination to succeed in a dynamic and demanding business environment

Proactive with a drive for continuous improvement

Strong communication skills at all levels.

Ready to Make Your Move and apply?

If you are passionate about discovering your potential and changing how we create a more sustainable future, then we would love to hear from you. We will be continuously reviewing applications; early submission is strongly recommended.

We're a People Place:

We have 4 People Promises, which are our pledge to all our colleagues. It’s the minimum of what you can always expect when working with us.

People Promise #1 We’re a people place - we are devoted to doing great work together and are cultivating wellbeing and flexibility

People Promise #2 You’ll ignite your potential - we are committed to career development and equal opportunities

People Promise #3 You’ll get your share of our success - we offer attractive Benefits and Rewards

People Promise #4 You’ll make an impact that will truly change tomorrow - we are committed to career development and equal opportunities. We are committed to moving towards a cleaner and greener future.

This is what you can always expect from us. It’s part of our culture, and we know it enables us all to make the most of everyone’s contribution for us to grow, move and thrive.