Market Risk Manager

Centrica; North Hillingdon; Hybrid; GBP 90,000 - 130,000; Full time

Job summary

Centrica Energy seeks a Market Risk Manager to oversee risk across gas, power and renewables, reporting to the Head of Market Risk. Based in central London with three days in the office, the role involves interaction with front office and business units, plus occasional international travel.

The candidate will enhance risk measurement methodologies, develop policies, and drive digitisation within Market Risk. Strong leadership and communication are essential.

Qualifications

• Strong knowledge of physical and financial energy markets, especially gas, power and renewables.
• Proficient in risk management methods: VaR, stress testing, option pricing.
• Experience managing junior resources.
• Commercial awareness and ability to advise Head of Market Risk and Front Office.
• Experience with Endur and EOS booking systems.
• Hands-on with Power BI, Python and SQL.
• Excellent attention to detail and problem solving.
• Confident, resilient, proactive with continuous improvement mindset.
• Strong communication skills across all levels.

Responsibilities

• Lead market risk oversight for a trading desk across gas, power and renewables.
• Promote risk discussions on the trading floor and establish best practices.
• Maintain knowledge of trading portfolios and monitor market developments.
• Quantitatively analyse new deals and identify embedded risks.
• Collaborate with business teams to implement new risk policies and systems.
• Improve market risk processes, models and methodologies (VaR, stress tests, RAR).
• Support digitisation of Market Risk at Centrica Energy.

Skills

Energy markets knowledge

Risk management methods

People management

Endur booking

EOS experience

Power BI

Python

SQL

Tools

Endur

EOS

Power BI

Job description

Market Risk Manager

Date: 2026-09-18T00:00:00

Location: Hillingdon, Greater London, GB, UB10 9, Any

Application Deadline: 2026-12-17T23:01:35.707

Description

Join us, be part of more. 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.

Role Overview

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.

Location: 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 relationships across Centrica Energy trading business.
• Promote risk discussion on the trading floor, and build best practices 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 modeling and other methods.
• Work with relevant business teams to formulate new business and product frameworks, and integrate changes into current policies, processes, and systems.
• Deliver improvements to market risk processes, models and methodologies, including VaR, stress testing, and risk-adjusted return assessment.
• Support the digitisation of Market Risk at Centrica Energy.

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.
• Proficiency with 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.

Why should you apply?

We're not a perfect place - but we're a people place. Our priority is supporting all of the different realities our people face. Life is about so much more than work. We get it. That's why we've designed our total rewards to give you the flexibility to choose what you need, when you need it, making sure that you and your family are supported not only financially, but physically and emotionally too.

Visit the link below to discover why we're a great place to work and what being part of more means for you. If you're full of energy, fired up about sustainability, and ready to craft not only a better tomorrow but a better you, then come and find your purpose in a team where your voice matters, your growth is non-negotiable, and your ambitions are our priority. Help us, help you. We would love for you to share any information about yourself throughout our recruitment process so that we can better understand you and help shape your journey.