Market Risk Manager

Inver Energy Limited; London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A leading energy firm in London seeks a Market Risk Manager to oversee risk management and reporting. The ideal candidate should have a strong understanding of commodity markets, management experience, and proficiency in MS Excel. Benefits include competitive compensation, private medical insurance, enhanced pension contributions, and generous leave policies.

Benefits

Competitive salary

Private medical insurance

Enhanced company pension

Cycle to work scheme

Season ticket loan

Volunteering days

Enhanced holiday allowance

Global travel insurance

Employee discount platform

Enhanced parental leave

Qualifications

• Proven management experience in a similar role.
• Ability to influence traders and senior stakeholders.
• Commitment to delivering objectives.

Responsibilities

• Serve as a member of the Risk Committee and lead quarterly meetings.
• Deliver accurate and timely risk reports and dashboards.
• Collaborate with Trading teams and Business Analysts.

Skills

Understanding of commodity markets

Management experience

Advanced MS Excel skills

Experience in a dynamic trading environment

Strong communication skills

Analytical and quantitative skills

Entrepreneurial mindset

Commercial acumen

Education

Accounting qualification

Tools

ETRM system experience

Job description

Overview

Market Risk Manager – Department: Risk and Compliance • Location: London • Employment Type: Permanent

Responsibilities

• Serving as a member of the Risk Committee; challenging the Group's trading limits and leading quarterly meetings as Chair
• Supporting the Market Risk team to deliver accurate and timely daily risk reports, dashboards and commentary
• Ownership of consolidated Group position and MTM reports which transparently summarise all market risk exposures arising from the business's trading and hedging activities
• Challenge marking methodologies across the Group to ensure commercially meaningful reports
• Use initiative and lateral thinking to identify gaps in and develop/implement reports to increase transparency for stakeholders in the business
• Collaboration with Trading and Commercial teams
• Working closely with Finance managers to facilitate and support the reconciliation of middle office P&L figures with the monthly financial accounts
• Collaborate with Business Analysts to drive the development and implementation of the TriplePoint ETRM system
• Ad hoc tasks as required to support the Risk team and the wider business

Management

• Effective communication with everyone in the team - listening, inspiring and flexing approach as appropriate
• Delegating and empowering the team
• Coaching and quality feedback to all team members
• Quality and fair PRP performance reviews and ensure the write-ups on time
• Leading by example

General

• Role model the Greenergy values
• Any other reasonable tasks as requested

Skills, Knowledge and Expertise

Essential:

• Can demonstrate a deep understanding of commodity markets
• Proven management experience in a similar role
• Proficiency in using MS Excel to an advanced level
• Experience working with front-office and back-office teams in a dynamic trading environment
• Strong communication and interpersonal skills, with the ability to influence traders and senior stakeholders
• Highly analytical and meticulous with strong quantitative skills
• Commitment to getting the job done and deliver objectives
• Entrepreneurially minded with an enthusiastic approach to develop the role and drive change
• Control mind set, demonstrate the confidence to challenge decisions and hold up the mirror to business activities ensuring they are transparently reported
• Strong commercial acumen and ability to interpret market developments quickly.

Desirable:

• Previous physical oil/products market risk experience
• Experience of working with an Energy Trading and Risk Management (ETRM) system (preferably Triple Point CXL)
• Accounting qualification

Benefits

• Competitive compensation: Enjoy a competitive salary, complemented by a generous performance-related pay scheme that recognises your achievements.
• Private medical insurance: Prioritise your health with comprehensive private medical insurance, including access to online GP services from AXA for you and your family.
• Enhanced company pension: Secure your future with enhanced company pension contributions that support your long-term financial goals.
• Cycle to work scheme: Embrace a sustainable lifestyle with our cycle to work scheme.
• Season ticket loan: Spread the cost of your commute and take advantage of annual discounts with an interest free season ticket loan.
• Volunteering and charity: We encourage you to give back to the community through volunteering days and charitable initiatives.
• Enhanced holiday allowance: Enjoy 25 days of annual leave, in addition to bank holidays.
• Global travel insurance: Travel with peace of mind, courtesy of worldwide multi-trip travel insurance coverage for you and your family.
• Employee discount platform: Access exclusive discounts through our employee discount platform.
• Enhanced parental leave: Generous maternity and paternity pay to support you and your family when you need it most.

Greenergy are proud to be an equal opportunities employer and we are committed to equality of opportunity for all staff. We believe that diversity and inclusion among our colleagues is critical to our success as a global company. Employment at Greenergy is based solely on a person's merit and qualifications directly related to professional competence. We do not discriminate against any employee or applicant because of age, disability, sex, gender reassignment, sexual orientation, pregnancy, maternity, race, religion or belief, marriage and civil partnerships.