Market Risk Manager- Power & Gas

Robert Walters UK; City Of London; Hybrid; GBP 120,000 - 135,000; Full time

Job summary

An international energy trading firm is seeking a Market Risk Manager for its London office. This senior management role involves monitoring market risk exposures in power and gas trading, developing risk measurement tools, and ensuring accurate data reconciliation. Candidates should have substantial experience in market risk management, a solid understanding of trading instruments, and strong analytical skills. The position offers a hybrid work environment with a competitive salary ranging from £120,000 to £135,000.

Qualifications

• Strong experience in market risk management within energy markets.
• Familiarity with trading instruments like futures, swaps, and options.
• Solid grasp of market fundamentals for electricity and natural gas.

Responsibilities

• Monitor and report daily market risk exposures in trading portfolios.
• Perform mark-to-market reviews and validate P&L drivers.
• Develop risk measurement tools covering VaR and stress testing.

Skills

Market risk management

Proficiency in risk modelling methodologies

Advanced Excel skills

Excellent communication skills

Tools

Python

SQL

Job description

An international energy trading and investment firm is looking for a Market Risk Manager to join its London office, specialising in the power and gas markets. This role offers exposure to a broad range of traded products within a fast-paced environment and the opportunity to work closely with front-office, analytics, and operations teams.

Key Responsibilities

• Monitor, analyse, and report daily market risk exposures across physical and financial power and gas trading portfolios.
• Perform mark-to-market reviews and validate P&L drivers, identifying and investigating unusual variances or discrepancies.
• Maintain and develop risk measurement tools covering Value-at-Risk (VaR), stress testing, and scenario analysis.
• Assess the impact of changes in market conditions, positions, or trading strategies on risk metrics.
• Ensure positions and exposures are accurately captured in risk systems and reconciled with trading and operations data.
• Partner with traders and market analysts to provide independent risk oversight and constructive challenge.

Requirements

• Strong experience in market risk management within energy markets, ideally covering European power and gas trading.
• Familiarity with physical and financial trading instruments such as futures, swaps, options, and structured contracts.
• Proficiency in risk modelling methodologies including VaR, stress testing, and option Greeks.
• Solid grasp of market fundamentals for electricity and natural gas, including supply/demand drivers and price formation.
• Advanced Excel skills; experience with Python, SQL, or other analytical tools desirable.
• Excellent communication skills, able to convey complex analysis clearly to both technical and commercial stakeholders.

Robert Walters Operations Limited is an employment business and employment agency and welcomes applications from all candidates.

About the job

Contract Type: Permanent

Industry: Oil and Gas

Workplace Type: Hybrid

Experience Level: Senior Management

Location: City of London

Contract Type: Permanent

Specialism: Risk & Compliance

Focus: Risk - Market Risk

Salary: £120,000 - £135,000 per annum

Workplace Type: Hybrid

Experience Level: Senior Management

Location: City of London

Job Reference: UXL69Z-32A931CC

Date posted: 12 October 2025

Consultant: Hadjra Sohawon